Rep. Kevin Hern Sells Shares of Cadence Design Systems, Inc. (NASDAQ:CDNS)

Key Points

• Rep. Kevin Hern sold Cadence Design Systems shares valued between $15,001 and $50,000 on September 2, with the trade made through the Hern Family Foundation account. He also recently sold shares in several other companies, including CenterPoint Energy, STERIS, Home Depot and NextEra Energy.
• Cadence reported quarterly EPS of $2.11, exceeding analysts’ $2.05 estimate, while revenue reached $1.58 billion and rose 24.2% year over year. The company provided fiscal 2026 EPS guidance of $8.05 to $8.15.
• Analysts maintain a “Moderate Buy” consensus on CDNS, with an average price target of $403.88 versus a recent share price of $326.70. Company insiders have sold 5,710 shares worth approximately $1.75 million over the past three months.

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 2nd. 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 Stock Performance

Shares of CDNS opened at $326.70 on Tuesday. The firm has a market cap of $89.97 billion, a price-to-earnings ratio of 64.95, a price-to-earnings-growth ratio of 3.50 and a beta of 1.14. The company's fifty day moving average is $317.57 and its 200-day moving average is $333.80. The company has a quick ratio of 1.53, a current ratio of 1.74 and a debt-to-equity ratio of 0.36. Cadence Design Systems, Inc. has a 12 month low of $262.75 and a 12 month high of $416.69.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last issued its quarterly earnings data on Monday, July 27th. The software maker reported $2.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.05 by $0.06. The firm had revenue of $1.58 billion during the quarter, compared to analysts' expectations of $1.58 billion. Cadence Design Systems had a net margin of 23.60% and a return on equity of 27.98%. Cadence Design Systems's revenue for the quarter was up 24.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.65 earnings per share. 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. Equities analysts expect that Cadence Design Systems, Inc. will post 6.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Piper Sandler boosted their price target on Cadence Design Systems from $325.00 to $349.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 28th. Oppenheimer reissued a "market perform" rating and issued a $300.00 price objective on shares of Cadence Design Systems in a research note on Tuesday, July 28th. Morgan Stanley restated an "overweight" rating and issued a $400.00 target price on shares of Cadence Design Systems in a report on Wednesday, July 29th. Citigroup upped their target price on Cadence Design Systems from $400.00 to $420.00 and gave the stock a "buy" rating in a research report on Tuesday, July 28th. Finally, Rosenblatt Securities lifted their price target on shares of Cadence Design Systems from $410.00 to $420.00 and gave the company a "buy" rating in a research report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $403.88.

Insider Transactions at Cadence Design Systems

In other Cadence Design Systems news, VP Paul Scannell sold 280 shares of Cadence Design Systems stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $339.00, for a total transaction of $94,920.00. Following the sale, the vice president owned 31,720 shares in the company, valued at $10,753,080. The trade was a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Albert Sangiovanni-Vincentelli sold 1,250 shares of the business's stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $320.88, for a total transaction of $401,100.00. Following the completion of the sale, the director directly owned 40,794 shares in the company, valued at $13,089,978.72. This trade represents a 2.97% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 5,710 shares of company stock valued at $1,748,292. Company insiders own 0.49% of the company's stock.

Institutional Trading of Cadence Design Systems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CDNS. Whipplewood Advisors LLC grew its position in 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 in the last quarter. Brown Lisle Cummings Inc. lifted its position in shares of Cadence Design Systems by 860.0% in the 1st quarter. Brown Lisle Cummings Inc. now owns 96 shares of the software maker's stock worth $27,000 after acquiring an additional 86 shares during the period. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Cadence Design Systems during the 4th quarter worth approximately $28,000. Avalon Trust Co acquired a new stake in shares of Cadence Design Systems during the 2nd quarter worth approximately $30,000. Finally, Fiduciary Financial Advisors bought a new stake in shares of Cadence Design Systems during the second quarter valued at approximately $31,000. Institutional investors and hedge funds own 84.85% of the company's stock.

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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