Cadence Design Systems (NASDAQ:CDNS) VP Paul Scannell Sells 10,500 Shares

Key Points

• Cadence VP Paul Scannell sold 10,500 shares on May 1 at an average of $339 for proceeds of $3.56M, cutting his stake by 23.62% to 33,946 shares; the sale was made under a pre-arranged Rule 10b5-1 plan.
• Cadence beat recent quarter estimates with $1.96 EPS (vs. $1.91 expected) and $1.47B revenue (+18.6% YoY), and set FY2026 guidance of 7.85–7.95 EPS and Q2 guidance of 2.02–2.08 EPS.
• Analyst sentiment remains broadly positive—14 Buys vs. 3 Holds—with a consensus target of $380.59 and several firms (Citigroup, KeyCorp, Needham) recently raising price targets while Morgan Stanley trimmed its target to $370.

Cadence Design Systems, Inc. (NASDAQ:CDNS - Get Free Report) VP Paul Scannell sold 10,500 shares of the business's stock in a transaction on Friday, May 1st. The stock was sold at an average price of $339.00, for a total transaction of $3,559,500.00. Following the completion of the sale, the vice president owned 33,946 shares in the company, valued at $11,507,694. This represents a 23.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cadence Design Systems Price Performance

CDNS stock traded up $4.12 during trading on Tuesday, hitting $353.63. 1,964,704 shares of the company's stock traded hands, compared to its average volume of 2,533,134. Cadence Design Systems, Inc. has a 52 week low of $262.75 and a 52 week high of $376.45. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.32 and a current ratio of 1.47. The business has a fifty day simple moving average of $296.48 and a 200 day simple moving average of $309.06. The stock has a market capitalization of $97.63 billion, a price-to-earnings ratio of 82.43, a P/E/G ratio of 4.04 and a beta of 1.13.

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

Analyst Ratings Changes

A number of brokerages have issued reports on CDNS. Citigroup upped their price objective on Cadence Design Systems from $385.00 to $400.00 and gave the company a "buy" rating in a research report on Wednesday, April 29th. Needham & Company LLC reissued a "buy" rating and set a $400.00 target price on shares of Cadence Design Systems in a research report on Tuesday, April 28th. Rosenblatt Securities restated a "buy" rating and issued a $360.00 price target on shares of Cadence Design Systems in a research report on Friday, April 24th. KeyCorp lifted their price objective on shares of Cadence Design Systems from $405.00 to $425.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 28th. Finally, Morgan Stanley reduced their target price on shares of Cadence Design Systems from $385.00 to $370.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 18th. Fourteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, Cadence Design Systems has an average rating of "Moderate Buy" and a consensus target price of $380.59.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CDNS. Y.D. More Investments Ltd purchased a new position in Cadence Design Systems during the 3rd quarter valued at $26,000. Whipplewood Advisors LLC increased its stake in Cadence Design Systems by 933.3% in the first quarter. Whipplewood Advisors LLC now owns 93 shares of the software maker's stock worth $26,000 after purchasing an additional 84 shares during the period. Brown Lisle Cummings Inc. lifted its position in shares of Cadence Design Systems by 860.0% during the first quarter. Brown Lisle Cummings Inc. now owns 96 shares of the software maker's stock worth $27,000 after purchasing an additional 86 shares during the last quarter. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Cadence Design Systems during the fourth quarter valued at $28,000. Finally, Caitlin John LLC purchased a new stake in shares of Cadence Design Systems during the third quarter valued at $29,000. Institutional investors own 84.85% of the company's stock.

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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