Insider Selling: Cadence Design Systems (NASDAQ:CDNS) Director Sells $437,587.50 in Stock

Cadence Design Systems, Inc. (NASDAQ:CDNS) Director Albert Sangiovanni-Vincentelli sold 1,250 shares of the firm’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $350.07, for a total transaction of $437,587.50. Following the completion of the transaction, the director directly owned 39,544 shares in the company, valued at approximately $13,843,168.08. This represents a 3.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Vincentelli Albert Sangiovanni also recently made the following trade(s):

• On Tuesday, August 25th, Albert Sangiovanni-Vincentelli sold 1,250 shares of Cadence Design Systems stock. The shares were sold at an average price of $320.88, for a total transaction of $401,100.00.

Cadence Design Systems Stock Performance

Shares of Cadence Design Systems stock opened at $356.12 on Thursday. The company has a current ratio of 1.74, a quick ratio of 1.53 and a debt-to-equity ratio of 0.36. The company has a market cap of $98.07 billion, a PE ratio of 70.80, a price-to-earnings-growth ratio of 3.86 and a beta of 1.13. The company has a 50 day moving average of $318.98 and a 200-day moving average of $336.55. Cadence Design Systems, Inc. has a 1-year low of $262.75 and a 1-year high of $416.69.

Cadence Design Systems (NASDAQ:CDNS) last announced its quarterly earnings data on Monday, July 27th. The software maker reported $2.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.05 by $0.06. Cadence Design Systems had a net margin of 23.60% and a return on equity of 27.98%. The business had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same period last year, the firm posted $1.65 earnings per share. The firm’s quarterly revenue was up 24.2% compared to the same quarter last year. Cadence Design Systems has set its FY 2026 guidance at 8.050-8.150 EPS and its Q3 2026 guidance at 2.010-2.070 EPS. As a group, equities research analysts forecast that Cadence Design Systems, Inc. will post 6.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CDNS shares. KeyCorp reissued an “overweight” rating on shares of Cadence Design Systems in a report on Tuesday, July 28th. Benchmark reiterated a “buy” rating on shares of Cadence Design Systems in a research report on Tuesday, July 28th. Wall Street Zen downgraded Cadence Design Systems from a “buy” rating to a “hold” rating in a research note on Sunday. Rosenblatt Securities increased their target price on shares of Cadence Design Systems from $410.00 to $420.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. Finally, Piper Sandler raised their price target on shares of Cadence Design Systems from $325.00 to $349.00 and gave the company a “neutral” rating in a research note on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $405.06.

Institutional Investors Weigh In On Cadence Design Systems

Hedge funds have recently modified their holdings of the company. J. Stern & Co. LLP raised its position in Cadence Design Systems by 10,159.3% in the fourth quarter. J. Stern & Co. LLP now owns 2,953,256 shares of the software maker’s stock valued at $923,129,000 after purchasing an additional 2,924,470 shares during the last quarter. Legal & General Group Plc bought a new stake in shares of Cadence Design Systems during the second quarter worth about $702,615,000. Jupiter Topco LLC acquired a new position in shares of Cadence Design Systems in the second quarter valued at approximately $688,746,000. Bank of New York Mellon Corp acquired a new position in shares of Cadence Design Systems in the second quarter valued at approximately $607,350,000. Finally, Deutsche Bank AG bought a new position in Cadence Design Systems in the 2nd quarter valued at approximately $532,338,000. Institutional investors and hedge funds own 84.85% of the company’s stock.

About Cadence Design Systems

Cadence Design Systems, Inc is a technology company that develops electronic design automation (EDA) software, hardware, and semiconductor intellectual property. Its products help engineers design, verify, analyze, and manufacture complex semiconductor chips, printed circuit boards, and electronic systems.

The company’s offerings include digital and custom/analog integrated-circuit design tools, functional verification and emulation platforms, semiconductor intellectual property, and system analysis solutions.