Representative Jefferson Shreve (R-Indiana) recently sold shares of Cadence Design Systems, Inc. NASDAQ: CDNS. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $50,001 and $100,000 in Cadence Design Systems stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.
Representative Jefferson Shreve also recently made the following trade(s):
- Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
- Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
- Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
- Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
- Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
- Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
- Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
- Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
- Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
- Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.
Cadence Design Systems Price Performance
Shares of NASDAQ CDNS traded up $8.63 during mid-day trading on Friday, reaching $333.27. 1,375,972 shares of the company traded hands, compared to its average volume of 2,046,238. Cadence Design Systems, Inc. has a fifty-two week low of $221.56 and a fifty-two week high of $334.16. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.07 and a quick ratio of 2.90. The firm has a market cap of $91.00 billion, a PE ratio of 84.34, a price-to-earnings-growth ratio of 4.54 and a beta of 0.99. The stock has a fifty day simple moving average of $309.18 and a 200-day simple moving average of $288.52.
Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The software maker reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.07. Cadence Design Systems had a net margin of 22.18% and a return on equity of 29.36%. The firm had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.24 billion. During the same period in the previous year, the company posted $1.17 EPS. The company's quarterly revenue was up 23.1% compared to the same quarter last year. Equities research analysts anticipate that Cadence Design Systems, Inc. will post 5.41 EPS for the current fiscal year.
Insider Buying and Selling
In related news, VP Paul Cunningham sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $306.35, for a total transaction of $306,350.00. Following the completion of the transaction, the vice president directly owned 105,499 shares in the company, valued at $32,319,618.65. This represents a 0.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James D. Plummer sold 868 shares of the business's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $319.95, for a total transaction of $277,716.60. Following the sale, the director directly owned 23,996 shares in the company, valued at $7,677,520.20. The trade was a 3.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,795 shares of company stock worth $6,065,087. 1.99% of the stock is owned by company insiders.
Institutional Trading of Cadence Design Systems
Large investors have recently added to or reduced their stakes in the company. Smallwood Wealth Investment Management LLC acquired a new stake in Cadence Design Systems in the first quarter worth $25,000. Costello Asset Management INC bought a new position in shares of Cadence Design Systems in the 1st quarter valued at about $25,000. Saudi Central Bank bought a new stake in shares of Cadence Design Systems during the 1st quarter worth about $27,000. Valley National Advisers Inc. grew its position in Cadence Design Systems by 707.1% during the first quarter. Valley National Advisers Inc. now owns 113 shares of the software maker's stock worth $28,000 after buying an additional 99 shares in the last quarter. Finally, Barrett & Company Inc. acquired a new position in shares of Cadence Design Systems in the 2nd quarter valued at approximately $31,000. 84.85% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the stock. Wall Street Zen lowered shares of Cadence Design Systems from a "buy" rating to a "hold" rating in a research note on Sunday, July 20th. Rosenblatt Securities reiterated a "neutral" rating and issued a $300.00 target price on shares of Cadence Design Systems in a report on Friday. Needham & Company LLC reiterated a "buy" rating and issued a $325.00 target price on shares of Cadence Design Systems in a report on Tuesday, May 13th. Wells Fargo & Company lifted their target price on shares of Cadence Design Systems from $350.00 to $365.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Finally, Loop Capital lifted their target price on shares of Cadence Design Systems from $340.00 to $370.00 and gave the stock a "buy" rating in a report on Monday, July 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Cadence Design Systems has a consensus rating of "Moderate Buy" and a consensus price target of $332.57.
Read Our Latest Analysis on Cadence Design Systems
About Representative Shreve
Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election.
Email editor@ballotpedia.org to notify us of updates to this biography.
Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive.
Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.
About Cadence Design Systems
(
Get Free Report)
Cadence Design Systems, Inc provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification.
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