Cadence Design Systems (NASDAQ:CDNS) Stock Sale Disclosed by Rep. Kevin Hern

Key Points

• Rep. Kevin Hern sold Cadence Design Systems shares valued between $15,001 and $50,000 on September 14, 2026, through the Hern Family Foundation account. He also disclosed sales of several other stocks around the same time.
• Cadence reported quarterly EPS of $2.11, exceeding the $2.05 consensus estimate, while revenue rose 24.2% year over year to $1.58 billion. The company issued fiscal 2026 EPS guidance of $8.05–$8.15.
• Analysts maintain a generally positive view, with the stock rated “Moderate Buy” and a consensus price target of $403.88 versus an opening price of $326.70. Institutional investors own approximately 84.85% of the company.

Representative Kevin Hern (Republican-Oklahoma) recently sold shares of Cadence Design Systems, Inc. NASDAQ: CDNS. In a filing disclosed on September 25th, the Representative disclosed that they had sold between $15,001 and $50,000 in Cadence Design Systems stock on September 14th. The trade occurred in the Representative's "HERN FAMILY FOUNDATION" account.

Representative Kevin Hern also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of CenterPoint Energy NYSE: CNP on 9/15/2026.
• Sold $1,001 - $15,000 in shares of TJX Companies NYSE: TJX on 9/15/2026.
• Sold $15,001 - $50,000 in shares of STERIS NYSE: STE on 9/15/2026.
• Sold $1,001 - $15,000 in shares of Seagate Technology NASDAQ: STX on 9/15/2026.
• Sold $15,001 - $50,000 in shares of NextEra Energy NYSE: NEE on 9/14/2026.
• Sold $1,001 - $15,000 in shares of Marsh & McLennan Companies NYSE: MRSH on 9/14/2026.
• Sold $15,001 - $50,000 in shares of IQVIA NYSE: IQV on 9/14/2026.
• Sold $15,001 - $50,000 in shares of Home Depot NYSE: HD on 9/14/2026.
• Sold $1,001 - $15,000 in shares of Home Depot NYSE: HD on 9/14/2026.
• Sold $15,001 - $50,000 in shares of Emerson Electric NYSE: EMR on 9/14/2026.

Cadence Design Systems Price Performance

Cadence Design Systems stock opened at $326.70 on Tuesday. The stock has a market cap of $89.97 billion, a price-to-earnings ratio of 64.95, a PEG ratio of 3.50 and a beta of 1.14. The company has a quick ratio of 1.53, a current ratio of 1.74 and a debt-to-equity ratio of 0.36. The business has a 50-day simple moving average of $317.57 and a 200 day simple moving average of $333.80. Cadence Design Systems, Inc. has a 52 week low of $262.75 and a 52 week high of $416.69.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last released its quarterly earnings results on Monday, July 27th. The software maker reported $2.11 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.06. The firm had revenue of $1.58 billion for the quarter, compared to analysts' expectations of $1.58 billion. Cadence Design Systems had a return on equity of 27.98% and a net margin of 23.60%.The company's revenue was up 24.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.65 EPS. 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. On average, research analysts forecast that Cadence Design Systems, Inc. will post 6.4 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Cadence Design Systems news, Director Ita M. Brennan sold 180 shares of Cadence Design Systems stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $285.51, for a total value of $51,391.80. Following the transaction, the director directly owned 7,824 shares of the company's stock, valued at $2,233,830.24. The trade was a 2.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paul Cunningham sold 2,000 shares of the business's stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $277.12, for a total value of $554,240.00. Following the completion of the sale, the vice president owned 121,793 shares of the company's stock, valued at $33,751,276.16. The trade was a 1.62% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 5,710 shares of company stock worth $1,748,292. Insiders own 0.49% of the company's stock.

Institutional Investors Weigh In On Cadence Design Systems

Hedge funds have recently made changes to their positions in the business. QRG Capital Management Inc. raised its position in Cadence Design Systems by 38.7% in the 2nd quarter. QRG Capital Management Inc. now owns 93,049 shares of the software maker's stock worth $34,923,000 after purchasing an additional 25,944 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in Cadence Design Systems by 74.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 21,069 shares of the software maker's stock valued at $7,908,000 after buying an additional 9,016 shares during the period. Anchor Investment Management LLC boosted its position in Cadence Design Systems by 117.2% during the second quarter. Anchor Investment Management LLC now owns 291 shares of the software maker's stock valued at $109,000 after buying an additional 157 shares during the period. Sequoia Financial Advisors LLC grew its stake in shares of Cadence Design Systems by 58.2% during the second quarter. Sequoia Financial Advisors LLC now owns 16,776 shares of the software maker's stock valued at $6,296,000 after buying an additional 6,169 shares during the last quarter. Finally, IPG Investment Advisors LLC bought a new position in shares of Cadence Design Systems during the second quarter valued at about $1,902,000. 84.85% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on CDNS. Piper Sandler raised their target price on shares of Cadence Design Systems from $325.00 to $349.00 and gave the company a "neutral" rating in a research note on Tuesday, July 28th. Robert W. Baird boosted their price target on shares of Cadence Design Systems from $415.00 to $420.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 28th. Morgan Stanley reissued an "overweight" rating and issued a $400.00 price target on shares of Cadence Design Systems in a report on Wednesday, July 29th. Benchmark restated a "buy" rating on shares of Cadence Design Systems in a research report on Tuesday, July 28th. Finally, FBN Securities assumed coverage on shares of Cadence Design Systems in a report on Friday, September 11th. They set an "outperform" rating and a $375.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $403.88.

About Representative Hern

Kevin Hern (Republican Party) is a member of the U.S. House, representing Oklahoma's 1st Congressional District. He assumed office on November 13, 2018. His current term ends on January 3, 2027. Hern (Republican Party) is running for re-election to the U.S. House to represent Oklahoma's 1st Congressional District. He declared candidacy for the 2026 election. Kevin Hern went into business as a McDonald's franchisee in 1999. He acquired 10 McDonald's franchises by 2012. He served on the McDonald's National Leadership Team for 13 years, including the tax policy team, the insurance corporation, and as chairman of the economics team. From 2011 to 2015, he was chairman of the finance committee of the Oklahoma Turnpike Authority.

About Cadence Design Systems

Cadence Design Systems, Inc is a technology company that develops electronic design automation (EDA) software, hardware, and semiconductor intellectual property. Its products help engineers design, verify, analyze, and manufacture complex semiconductor chips, printed circuit boards, and electronic systems.

The company's offerings include digital and custom/analog integrated-circuit design tools, functional verification and emulation platforms, semiconductor intellectual property, and system analysis solutions.

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