Cadence Design Systems (NASDAQ:CDNS) CFO Sells $6,653,175.00 in Stock

Cadence Design Systems, Inc. (NASDAQ:CDNS) CFO John Wall sold 21,500 shares of Cadence Design Systems stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $309.45, for a total value of $6,653,175.00. Following the sale, the chief financial officer directly owned 86,875 shares of the company’s stock, valued at $26,883,468.75. This trade represents a 19.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cadence Design Systems Stock Up 1.8%

Shares of CDNS stock opened at $331.61 on Thursday. The stock has a 50 day moving average of $292.54 and a 200 day moving average of $309.78. The company has a current ratio of 2.86, a quick ratio of 2.67 and a debt-to-equity ratio of 0.45. The stock has a market cap of $91.55 billion, a P/E ratio of 81.68, a P/E/G ratio of 3.91 and a beta of 1.04. Cadence Design Systems, Inc. has a twelve month low of $262.75 and a twelve month high of $376.45.

Cadence Design Systems (NASDAQ:CDNS) last announced its quarterly earnings results on Tuesday, February 17th. The software maker reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.08. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Cadence Design Systems had a return on equity of 29.34% and a net margin of 20.93%.Cadence Design Systems’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period last year, the business earned $1.88 earnings per share. Cadence Design Systems has set its Q1 2026 guidance at 1.890-1.950 EPS and its FY 2026 guidance at 8.050-8.150 EPS. As a group, sell-side analysts expect that Cadence Design Systems, Inc. will post 6.51 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on CDNS shares. Morgan Stanley reduced their price target on Cadence Design Systems from $385.00 to $370.00 and set an “overweight” rating for the company in a research report on Wednesday, February 18th. Stifel Nicolaus set a $395.00 price target on Cadence Design Systems in a research report on Wednesday, February 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cadence Design Systems in a research report on Monday, December 29th. Rosenblatt Securities reiterated a “buy” rating and set a $360.00 price target on shares of Cadence Design Systems in a research report on Thursday, February 26th. Finally, Needham & Company LLC lifted their price target on Cadence Design Systems from $390.00 to $400.00 and gave the company a “buy” rating in a research report on Monday. Fifteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Cadence Design Systems presently has an average rating of “Moderate Buy” and an average target price of $377.06.

Institutional Trading of Cadence Design Systems

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Apollon Wealth Management LLC increased its position in shares of Cadence Design Systems by 6.1% in the first quarter. Apollon Wealth Management LLC now owns 8,941 shares of the software maker’s stock valued at $2,484,000 after buying an additional 517 shares in the last quarter. Boomfish Wealth Group LLC increased its position in shares of Cadence Design Systems by 2.5% in the first quarter. Boomfish Wealth Group LLC now owns 3,268 shares of the software maker’s stock valued at $908,000 after buying an additional 79 shares in the last quarter. Cornerstone Wealth Group LLC increased its position in shares of Cadence Design Systems by 19.1% in the first quarter. Cornerstone Wealth Group LLC now owns 952 shares of the software maker’s stock valued at $265,000 after buying an additional 153 shares in the last quarter. Goodman Advisory Group LLC purchased a new stake in shares of Cadence Design Systems in the first quarter valued at approximately $180,000. Finally, Realta Investment Advisors increased its position in shares of Cadence Design Systems by 8.2% in the first quarter. Realta Investment Advisors now owns 3,942 shares of the software maker’s stock valued at $1,095,000 after buying an additional 299 shares in the last quarter. 84.85% of the stock is currently owned by hedge funds and other institutional investors.

Cadence Design Systems Company Profile

Cadence Design Systems, Inc (NASDAQ: CDNS) is a global provider of electronic design automation (EDA) software, hardware and intellectual property used to design and verify advanced semiconductor chips, systems-on-chip (SoCs), printed circuit boards (PCBs) and packaging. Headquartered in San Jose, California and founded in 1988, Cadence serves semiconductor companies, original equipment manufacturers and system designers across the globe, helping customers accelerate design cycles and manage the complexity of modern integrated systems.

The company’s offerings span software tools for digital, custom/analog and mixed-signal design, verification and signoff, as well as solutions for system-level modeling, thermal and signal integrity analysis, and PCB and package design.