Cadence Design Systems (NASDAQ:CDNS) VP Paul Scannell Sells 280 Shares

Cadence Design Systems, Inc. (NASDAQ:CDNS) VP Paul Scannell sold 280 shares of Cadence Design Systems stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $339.00, for a total transaction of $94,920.00. Following the transaction, the vice president owned 31,720 shares in the company, valued at approximately $10,753,080. The trade was a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, June 1st, Paul Scannell sold 7,081 shares of Cadence Design Systems stock. The shares were sold at an average price of $393.91, for a total transaction of $2,789,276.71.

Cadence Design Systems Stock Up 3.8%

CDNS opened at $347.55 on Friday. The company has a market capitalization of $95.71 billion, a PE ratio of 69.10, a price-to-earnings-growth ratio of 3.59 and a beta of 1.15. The business has a 50-day moving average of $349.11 and a 200-day moving average of $333.21. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.74 and a quick ratio of 1.53. Cadence Design Systems, Inc. has a fifty-two week low of $262.75 and a fifty-two week high of $416.69.

Cadence Design Systems (NASDAQ:CDNS) last issued its quarterly earnings data on Monday, July 27th. The software maker reported $2.11 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the prior year, the company posted $1.65 earnings per share. Cadence Design Systems’s revenue for the quarter was up 24.2% on a year-over-year basis. 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. Equities research analysts forecast that Cadence Design Systems, Inc. will post 6.4 EPS for the current fiscal year.

Institutional Trading of Cadence Design Systems

Several large investors have recently made changes to their positions in CDNS. George Kaiser Family Foundation bought a new position in Cadence Design Systems in the 2nd quarter valued at $725,000. MUFG Securities EMEA plc boosted its position in Cadence Design Systems by 113.9% during the 4th quarter. MUFG Securities EMEA plc now owns 11,159 shares of the software maker’s stock worth $3,488,000 after acquiring an additional 5,943 shares during the last quarter. Sun Financial Inc acquired a new stake in Cadence Design Systems in the fourth quarter valued at $1,225,000. Leonteq Securities AG bought a new position in shares of Cadence Design Systems during the 4th quarter worth approximately $1,105,000. Finally, Indivisible Partners acquired a new position in shares of Cadence Design Systems during the 4th quarter worth approximately $4,795,000. Institutional investors own 84.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CDNS shares. Citigroup upped their price objective on shares of Cadence Design Systems from $400.00 to $420.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. Rosenblatt Securities boosted their price target on Cadence Design Systems from $410.00 to $420.00 and gave the company a “buy” rating in a research note on Tuesday, July 28th. Wall Street Zen raised Cadence Design Systems from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Bank of America boosted their price objective on Cadence Design Systems from $400.00 to $420.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $400.00 target price on shares of Cadence Design Systems in a research report on Wednesday, July 29th. Thirteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $405.69.

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.