Cadence Design Systems (NASDAQ:CDNS) VP Paul Scannell Sells 7,081 Shares of Stock

Cadence Design Systems, Inc. (NASDAQ:CDNS) VP Paul Scannell sold 7,081 shares of Cadence Design Systems stock in a transaction on Monday, June 1st. The shares were sold at an average price of $393.91, for a total transaction of $2,789,276.71. Following the completion of the sale, the vice president directly owned 32,181 shares of the company’s stock, valued at approximately $12,676,417.71. This trade represents a 18.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Paul Scannell also recently made the following trade(s):

• On Monday, May 18th, Paul Scannell sold 1,071 shares of Cadence Design Systems stock. The shares were sold at an average price of $345.06, for a total value of $369,559.26.
• On Friday, May 1st, Paul Scannell sold 10,500 shares of Cadence Design Systems stock. The stock was sold at an average price of $339.00, for a total value of $3,559,500.00.

Cadence Design Systems Trading Down 2.0%

Shares of Cadence Design Systems stock opened at $408.00 on Thursday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.32 and a current ratio of 1.47. Cadence Design Systems, Inc. has a 52 week low of $262.75 and a 52 week high of $416.69. The stock has a 50 day moving average price of $328.72 and a two-hundred day moving average price of $314.72. The stock has a market capitalization of $112.53 billion, a PE ratio of 95.11, a price-to-earnings-growth ratio of 4.93 and a beta of 1.15.

Cadence Design Systems (NASDAQ:CDNS) last issued its earnings results on Monday, April 27th. The software maker reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.05. Cadence Design Systems had a return on equity of 28.44% and a net margin of 21.18%.The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period in the prior year, the firm earned $1.57 earnings per share. Cadence Design Systems’s revenue for the quarter was up 18.6% on a year-over-year basis. Cadence Design Systems has set its FY 2026 guidance at 7.850-7.950 EPS and its Q2 2026 guidance at 2.020-2.080 EPS. As a group, equities analysts anticipate that Cadence Design Systems, Inc. will post 6.23 earnings per share for the current fiscal year.

Cadence Design Systems News Summary

Here are the key news stories impacting Cadence Design Systems this week:

• Positive Sentiment: Cadence was highlighted as a long-term winner in the AI and semiconductor “arms race,” with a Buy rating and a $470 price target. The article pointed to 19% year-over-year Q1 revenue growth to $1.47 billion, a record $8 billion backlog, and double-digit growth across all segments, reinforcing demand visibility and the company’s competitive moat. Article: Cadence: The Silicon Arms Race Is Just Getting Started
• Positive Sentiment: Multiple recent pieces emphasized Cadence’s strong positioning in EDA software, AI-driven workflows, and expanding System Design & Analysis offerings, suggesting investors remain constructive on its growth outlook and durable pricing power. Article: Cadence Design Systems Stock: Is CDNS Underperforming the Technology Sector?
• Neutral Sentiment: Cadence also presented at the Bank of America Global Technology Conference, and Richard Gu is scheduled to present at a Nasdaq conference, events that keep the company in front of investors but did not include new operating updates. Article: Cadence Design Systems, Inc. Presents at Bank of America 2026 Global Technology Conference Transcript
• Neutral Sentiment: The stock has been near its 52-week high, which can signal investor confidence, but it can also make shares more sensitive to any sign of slowing momentum. Article: 1 Momentum Stock with Competitive Advantages and 2 We Brush Off
• Negative Sentiment: Recent insider sales by CEO Anirudh Devgan and VP Paul Scannell may have pressured sentiment, even though both transactions were made under pre-arranged 10b5-1 plans. Article: Insider trade details for Anirudh Devgan
• Negative Sentiment: Several headlines noted that CDNS underperformed the broader market and the technology sector recently, suggesting investors may be taking profits after a strong run-up in the shares. Article: Here’s Why Cadence Design Systems (CDNS) Fell More Than Broader Market

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CDNS. Peterson Wealth Services boosted its holdings in Cadence Design Systems by 1,501.3% in the 3rd quarter. Peterson Wealth Services now owns 187,115 shares of the software maker’s stock worth $65,726,000 after buying an additional 175,430 shares during the period. Sun Financial Inc bought a new position in shares of Cadence Design Systems in the fourth quarter worth $1,225,000. Thrivent Financial for Lutherans boosted its holdings in shares of Cadence Design Systems by 301.9% in the third quarter. Thrivent Financial for Lutherans now owns 49,999 shares of the software maker’s stock worth $17,563,000 after acquiring an additional 37,558 shares during the period. MUFG Securities EMEA plc grew its position in shares of Cadence Design Systems by 113.9% in the fourth quarter. MUFG Securities EMEA plc now owns 11,159 shares of the software maker’s stock valued at $3,488,000 after purchasing an additional 5,943 shares in the last quarter. Finally, DDD Partners LLC grew its position in shares of Cadence Design Systems by 27.4% in the fourth quarter. DDD Partners LLC now owns 41,968 shares of the software maker’s stock valued at $13,118,000 after purchasing an additional 9,024 shares in the last quarter. Institutional investors own 84.85% of the company’s stock.

Analyst Upgrades and Downgrades

CDNS has been the topic of several recent research reports. Rosenblatt Securities reaffirmed a “buy” rating and issued a $360.00 price target on shares of Cadence Design Systems in a research report on Friday, April 24th. Citigroup boosted their price objective on Cadence Design Systems from $385.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Piper Sandler raised their target price on Cadence Design Systems from $319.00 to $325.00 and gave the company a “neutral” rating in a report on Tuesday, April 28th. KeyCorp lifted their target price on Cadence Design Systems from $405.00 to $425.00 and gave the company an “overweight” rating in a research report on Tuesday, April 28th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $400.00 price target on shares of Cadence Design Systems in a report on Tuesday, April 28th. Fourteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cadence Design Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $384.41.

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.