What is Griffin Securities' Estimate for CDNS Q2 Earnings?

Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) - Griffin Securities decreased their Q2 2025 earnings per share estimates for Cadence Design Systems in a report released on Tuesday, April 29th. Griffin Securities analyst J. Vleeschhouwer now forecasts that the software maker will post earnings of $1.20 per share for the quarter, down from their prior forecast of $1.23. The consensus estimate for Cadence Design Systems' current full-year earnings is $5.41 per share. Griffin Securities also issued estimates for Cadence Design Systems' FY2025 earnings at $5.35 EPS, Q1 2026 earnings at $1.24 EPS, Q2 2026 earnings at $1.42 EPS, Q3 2026 earnings at $1.47 EPS, Q4 2026 earnings at $1.81 EPS and FY2026 earnings at $5.94 EPS.

CDNS has been the subject of several other research reports. Rosenblatt Securities lifted their price objective on Cadence Design Systems from $295.00 to $300.00 and gave the company a "neutral" rating in a research report on Tuesday, April 29th. StockNews.com downgraded shares of Cadence Design Systems from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Needham & Company LLC restated a "buy" rating and issued a $325.00 price objective on shares of Cadence Design Systems in a research report on Tuesday, April 29th. Loop Capital reduced their target price on shares of Cadence Design Systems from $360.00 to $340.00 and set a "buy" rating on the stock in a research report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. raised shares of Cadence Design Systems from a "neutral" rating to an "overweight" rating and raised their price target for the company from $300.00 to $325.00 in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $322.54.

Cadence Design Systems Price Performance

Cadence Design Systems stock traded up $3.69 during trading hours on Friday, hitting $309.47. 557,439 shares of the stock were exchanged, compared to its average volume of 1,952,126. Cadence Design Systems has a 12 month low of $221.56 and a 12 month high of $328.99. The business's 50-day moving average is $260.56 and its two-hundred day moving average is $283.59. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.27 and a current ratio of 2.93. The stock has a market capitalization of $84.50 billion, a P/E ratio of 80.21, a P/E/G ratio of 3.88 and a beta of 1.04.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The software maker reported $1.57 EPS for the quarter, beating the consensus estimate of $1.50 by $0.07. Cadence Design Systems had a return on equity of 29.24% and a net margin of 22.74%. The firm had revenue of $1.24 billion during the quarter, compared to analysts' expectations of $1.24 billion. During the same quarter in the prior year, the firm posted $1.17 EPS. The company's revenue for the quarter was up 23.1% on a year-over-year basis.

Institutional Investors Weigh In On Cadence Design Systems

Large investors have recently bought and sold shares of the company. Legacy Capital Wealth Partners LLC lifted its position in shares of Cadence Design Systems by 2.8% during the 1st quarter. Legacy Capital Wealth Partners LLC now owns 1,214 shares of the software maker's stock worth $309,000 after buying an additional 33 shares during the last quarter. Avior Wealth Management LLC lifted its holdings in Cadence Design Systems by 12.4% in the fourth quarter. Avior Wealth Management LLC now owns 326 shares of the software maker's stock valued at $98,000 after buying an additional 36 shares during the period. Accredited Investors Inc. boosted its position in shares of Cadence Design Systems by 1.7% during the 4th quarter. Accredited Investors Inc. now owns 2,176 shares of the software maker's stock valued at $654,000 after purchasing an additional 36 shares in the last quarter. Principal Street Partners LLC grew its stake in Cadence Design Systems by 2.6% during the fourth quarter. Principal Street Partners LLC now owns 1,455 shares of the software maker's stock worth $437,000 after purchasing an additional 37 shares during the period. Finally, Lindbrook Capital LLC increased its holdings in Cadence Design Systems by 1.7% in the fourth quarter. Lindbrook Capital LLC now owns 2,230 shares of the software maker's stock worth $670,000 after purchasing an additional 38 shares in the last quarter. 84.85% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Paul Cunningham sold 650 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $252.73, for a total value of $164,274.50. Following the transaction, the vice president now directly owns 58,123 shares in the company, valued at approximately $14,689,425.79. This represents a 1.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ita M. Brennan sold 180 shares of the firm's stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $275.00, for a total transaction of $49,500.00. Following the transaction, the director now directly owns 7,411 shares in the company, valued at $2,038,025. This represents a 2.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,577 shares of company stock valued at $5,316,411. Company insiders own 0.37% of the company's stock.

About Cadence Design Systems

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.