Cadence Design Systems (NASDAQ:CDNS) CFO John Wall Sells 5,000 Shares

Key Points

• On May 5, Cadence CFO John Wall sold 5,000 shares at an average price of $348.71 for $1,743,550 under a pre-arranged Rule 10b5-1 plan, reducing his holdings by 5.76% to 81,875 shares (≈$28.55M).
• Cadence beat Q1 estimates with EPS of $1.96 (vs. $1.91) and revenue of $1.47B, and issued FY2026 guidance of 7.85–7.95 EPS (Q2 guidance 2.02–2.08).
• The stock has a market cap of about $98.5B, a P/E around 83, a 52-week range of $262.75–$376.45, and carries a consensus "Moderate Buy" with an average price target of $380.59 after multiple analyst target increases.

Cadence Design Systems, Inc. (NASDAQ:CDNS - Get Free Report) CFO John Wall sold 5,000 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $348.71, for a total transaction of $1,743,550.00. Following the completion of the sale, the chief financial officer directly owned 81,875 shares of the company's stock, valued at $28,550,631.25. This represents a 5.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cadence Design Systems Stock Performance

Cadence Design Systems stock traded up $2.00 during midday trading on Thursday, hitting $356.90. The stock had a trading volume of 1,866,836 shares, compared to its average volume of 2,524,184. The firm's fifty day moving average is $299.13 and its two-hundred day moving average is $309.48. The company has a market capitalization of $98.54 billion, a PE ratio of 83.19, a P/E/G ratio of 4.19 and a beta of 1.13. Cadence Design Systems, Inc. has a 52-week low of $262.75 and a 52-week high of $376.45. The company has a current ratio of 1.47, a quick ratio of 1.32 and a debt-to-equity ratio of 0.38.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last released its earnings results on Monday, April 27th. The software maker reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.05. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.46 billion. Cadence Design Systems had a net margin of 21.18% and a return on equity of 28.44%. The firm's quarterly revenue was up 18.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.57 EPS. 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. On average, research analysts forecast that Cadence Design Systems, Inc. will post 6.22 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company increased their price objective on shares of Cadence Design Systems from $375.00 to $400.00 and gave the company an "overweight" rating in a report on Tuesday, April 28th. Citigroup increased their price objective on shares of Cadence Design Systems from $385.00 to $400.00 and gave the company a "buy" rating in a report on Wednesday, April 29th. Piper Sandler increased their price objective on shares of Cadence Design Systems from $319.00 to $325.00 and gave the company a "neutral" rating in a report on Tuesday, April 28th. Stifel Nicolaus set a $395.00 price objective on shares of Cadence Design Systems in a report on Wednesday, February 18th. Finally, KeyCorp increased 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. Fourteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Cadence Design Systems currently has an average rating of "Moderate Buy" and a consensus price target of $380.59.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CDNS. Vanguard Group Inc. lifted its position in Cadence Design Systems by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 27,231,070 shares of the software maker's stock worth $8,511,888,000 after buying an additional 307,753 shares during the last quarter. State Street Corp lifted its position in Cadence Design Systems by 1.1% in the fourth quarter. State Street Corp now owns 12,603,368 shares of the software maker's stock worth $3,939,561,000 after buying an additional 135,206 shares during the last quarter. Geode Capital Management LLC lifted its position in Cadence Design Systems by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 7,627,272 shares of the software maker's stock worth $2,378,707,000 after buying an additional 92,152 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Cadence Design Systems by 16.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,314,407 shares of the software maker's stock worth $1,866,739,000 after buying an additional 731,788 shares during the last quarter. Finally, Norges Bank bought a new stake in Cadence Design Systems in the fourth quarter worth $1,352,922,000. 84.85% of the stock is currently owned by 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.

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