Cadence Design Systems (NASDAQ:CDNS) Director Vincentelli Albert Sangiovanni Sells 1,250 Shares of Company Stock

Key Points

• Director Albert Sangiovanni-Vincentelli sold 1,250 Cadence shares at an average price of $350.07, generating $437,587.50. The Rule 10b5-1 transaction reduced his holdings by 3.06% to 39,544 shares.
• Cadence shares rose 0.6% to $353.48, while the company reported quarterly EPS of $2.11, exceeding estimates by $0.06, and revenue of $1.58 billion, up 24.2% year over year.
• Analyst sentiment remains favorable, with a “Moderate Buy” consensus and an average price target of $404.12; institutional investors own approximately 84.85% of the stock.

Cadence Design Systems, Inc. (NASDAQ:CDNS - Get Free Report) Director Albert Sangiovanni-Vincentelli sold 1,250 shares of the firm's stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $350.07, for a total value of $437,587.50. Following the completion of the transaction, the director owned 39,544 shares in the company, valued at approximately $13,843,168.08. This trade represents a 3.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Vincentelli Albert Sangiovanni also recently made the following trade(s):

• On Tuesday, August 25th, Albert Sangiovanni-Vincentelli sold 1,250 shares of Cadence Design Systems stock. The shares were sold at an average price of $320.88, for a total value of $401,100.00.

Cadence Design Systems Trading Up 0.6%

CDNS traded up $2.13 on Monday, reaching $353.48. 1,951,798 shares of the company's stock were exchanged, compared to its average volume of 2,469,486. The company's 50 day moving average is $317.93 and its 200-day moving average is $335.16. The company has a market cap of $97.34 billion, a price-to-earnings ratio of 70.27, a PEG ratio of 3.77 and a beta of 1.13. Cadence Design Systems, Inc. has a twelve month low of $262.75 and a twelve month high of $416.69. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.53 and a current ratio of 1.74.

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

Institutional Investors Weigh In On Cadence Design Systems

A number of large investors have recently added to or reduced their stakes in the company. Pinnacle Wealth Management Advisory Group LLC lifted its stake in shares of Cadence Design Systems by 3.1% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,033 shares of the software maker's stock worth $287,000 after acquiring an additional 31 shares in the last quarter. Westfuller Advisors LLC grew its stake in Cadence Design Systems by 8.2% during the 1st quarter. Westfuller Advisors LLC now owns 408 shares of the software maker's stock valued at $113,000 after purchasing an additional 31 shares in the last quarter. Cornerstone Planning Group LLC increased its holdings in Cadence Design Systems by 32.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 132 shares of the software maker's stock worth $37,000 after purchasing an additional 32 shares during the last quarter. KCM Investment Advisors LLC increased its holdings in Cadence Design Systems by 0.4% during the 1st quarter. KCM Investment Advisors LLC now owns 8,013 shares of the software maker's stock worth $2,227,000 after purchasing an additional 32 shares during the last quarter. Finally, Fulton Bank N.A. raised its position in shares of Cadence Design Systems by 2.6% in the 2nd quarter. Fulton Bank N.A. now owns 1,296 shares of the software maker's stock valued at $486,000 after purchasing an additional 33 shares in the last quarter. 84.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CDNS has been the subject of a number of research reports. Needham & Company LLC reaffirmed a "buy" rating and set a $400.00 price target on shares of Cadence Design Systems in a research report on Tuesday, July 28th. FBN Securities began coverage on Cadence Design Systems in a research note on Friday, September 11th. They set an "outperform" rating and a $375.00 price objective on the stock. KeyCorp reaffirmed an "overweight" rating on shares of Cadence Design Systems in a research report on Tuesday, July 28th. Stifel Nicolaus upped their target price on Cadence Design Systems from $395.00 to $432.00 and gave the stock a "buy" rating in a research report on Tuesday, June 9th. Finally, Wall Street Zen lowered Cadence Design Systems from a "buy" rating to a "hold" rating in a research note on Sunday. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $404.12.

Cadence Design Systems Company Profile

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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