Cadence Design Systems (NASDAQ:CDNS) VP Paul Cunningham Sells 1,000 Shares

Key Points

• Cadence VP Paul Cunningham sold 1,000 shares on May 1 at an average price of $337.49 under a pre-arranged Rule 10b5-1 plan, trimming his stake by 0.78% to 127,586 shares (about $43.06M); he also sold 1,000 shares in April and March.
• Cadence beat Q1 estimates (EPS $1.96 vs $1.91) with revenue up 18.6% to $1.47B, provided FY2026 EPS guidance of 7.85–7.95, and has seen multiple analyst price-target increases leaving a consensus "Moderate Buy" with an average target around $380.59.

Cadence Design Systems, Inc. (NASDAQ:CDNS - Get Free Report) VP Paul Cunningham sold 1,000 shares of the business's stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $337.49, for a total value of $337,490.00. Following the completion of the transaction, the vice president directly owned 127,586 shares of the company's stock, valued at approximately $43,058,999.14. The trade was a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, April 1st, Paul Cunningham sold 1,000 shares of Cadence Design Systems stock. The stock was sold at an average price of $280.19, for a total value of $280,190.00.
• On Monday, March 2nd, Paul Cunningham sold 1,000 shares of Cadence Design Systems stock. The stock was sold at an average price of $297.78, for a total value of $297,780.00.

Cadence Design Systems Trading Up 1.2%

Shares of Cadence Design Systems stock traded up $4.12 during trading hours on Tuesday, hitting $353.63. The company's stock had a trading volume of 1,964,704 shares, compared to its average volume of 2,533,134. Cadence Design Systems, Inc. has a 12 month low of $262.75 and a 12 month high of $376.45. The stock has a 50 day moving average of $296.48 and a 200 day moving average of $309.06. The company has a market capitalization of $97.63 billion, a PE ratio of 82.43, a price-to-earnings-growth ratio of 4.04 and a beta of 1.13. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.47 and a quick ratio of 1.32.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last announced its quarterly 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. 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 during the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the prior year, the company earned $1.57 earnings per share. The company's revenue for the quarter was up 18.6% compared to the same quarter last year. 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. Analysts predict that Cadence Design Systems, Inc. will post 6.22 earnings per share for the current year.

Wall Street Analyst Weigh In

CDNS has been the subject of several recent analyst reports. Robert W. Baird increased their price target on Cadence Design Systems from $381.00 to $385.00 and gave the stock an "outperform" rating in a report on Tuesday, April 28th. Needham & Company LLC restated a "buy" rating and issued a $400.00 price target on shares of Cadence Design Systems in a report on Tuesday, April 28th. Wells Fargo & Company increased their price target on Cadence Design Systems from $375.00 to $400.00 and gave the stock an "overweight" rating in a report on Tuesday, April 28th. Citigroup increased their price target on Cadence Design Systems from $385.00 to $400.00 and gave the stock a "buy" rating in a report on Wednesday, April 29th. Finally, KeyCorp upped their price objective on Cadence Design Systems from $405.00 to $425.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 28th. Fourteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Cadence Design Systems presently has an average rating of "Moderate Buy" and a consensus target price of $380.59.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Y.D. More Investments Ltd acquired a new position in shares of Cadence Design Systems during the third quarter worth about $26,000. Caitlin John LLC acquired a new position in shares of Cadence Design Systems during the third quarter worth about $29,000. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Cadence Design Systems during the fourth quarter worth about $28,000. Imprint Wealth LLC acquired a new position in shares of Cadence Design Systems during the third quarter worth about $31,000. Finally, Whipplewood Advisors LLC boosted its position in shares of Cadence Design Systems by 933.3% during the first quarter. Whipplewood Advisors LLC now owns 93 shares of the software maker's stock worth $26,000 after buying an additional 84 shares during the period. 84.85% of the stock is owned by institutional investors and hedge funds.

About Cadence Design Systems

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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