Rep. Gilbert Ray Cisneros, Jr. Sells Off Shares of Cadence Design Systems, Inc. (NASDAQ:CDNS)

Key Points

• Representative Gilbert Ray Cisneros, Jr. sold Cadence Design Systems shares valued between $1,001 and $15,000, according to a disclosure filed on September 12th.
• Cadence Design Systems reported a 20.2% increase in quarterly revenue compared to the previous year, with earnings per share surpassing estimates.
• Analysts are optimistic about Cadence Design Systems, as 12 research analysts have rated the stock as a Buy, with an average price target of $364.33.

Representative Gilbert Ray Cisneros, Jr. (D-California) recently sold shares of Cadence Design Systems, Inc. (NASDAQ:CDNS). In a filing disclosed on September 12th, the Representative disclosed that they had sold between $1,001 and $15,000 in Cadence Design Systems stock on August 5th. The trade occurred in the Representative's "150 MAIN STREET TRUST > BANK OF AMERICA" account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Semtech NASDAQ: SMTC on 9/2/2025.
• Sold $1,001 - $15,000 in shares of Chart Industries NYSE: GTLS on 9/2/2025.
• Purchased $1,001 - $15,000 in shares of Avient NYSE: AVNT on 9/2/2025.
• Sold $1,001 - $15,000 in shares of Amdocs NASDAQ: DOX on 8/27/2025.
• Sold $1,001 - $15,000 in shares of Amdocs NASDAQ: DOX on 8/26/2025.
• Purchased $1,001 - $15,000 in shares of Intapp NASDAQ: INTA on 8/26/2025.
• Purchased $1,001 - $15,000 in shares of APi Group NYSE: APG on 8/26/2025.
• Purchased $1,001 - $15,000 in shares of Waters NYSE: WAT on 8/26/2025.
• Purchased $1,001 - $15,000 in shares of Semtech NASDAQ: SMTC on 8/26/2025.
• Sold $1,001 - $15,000 in shares of Fortive NYSE: FTV on 8/26/2025.

Cadence Design Systems Price Performance

Shares of Cadence Design Systems stock traded down $2.51 on Tuesday, reaching $349.01. The stock had a trading volume of 1,458,908 shares, compared to its average volume of 2,008,077. The business's 50 day moving average is $343.88 and its two-hundred day moving average is $304.04. The company has a current ratio of 2.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.49. Cadence Design Systems, Inc. has a 1 year low of $221.56 and a 1 year high of $376.45. The company has a market cap of $95.10 billion, a P/E ratio of 94.33, a price-to-earnings-growth ratio of 4.50 and a beta of 1.00.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last posted its earnings results on Monday, July 28th. The software maker reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.09. The business had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.25 billion. Cadence Design Systems had a net margin of 19.88% and a return on equity of 29.65%. The business's revenue for the quarter was up 20.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.28 EPS. Cadence Design Systems has set its Q3 2025 guidance at 1.750-1.810 EPS. FY 2025 guidance at 6.850-6.950 EPS. As a group, research analysts anticipate that Cadence Design Systems, Inc. will post 5.41 EPS for the current year.

Insider Activity

In related news, VP Paul Cunningham sold 1,000 shares of the business's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $343.95, for a total transaction of $343,950.00. Following the transaction, the vice president owned 102,499 shares in the company, valued at $35,254,531.05. The trade was a 0.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ita M. Brennan sold 180 shares of the stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $334.51, for a total value of $60,211.80. Following the completion of the sale, the director owned 7,830 shares of the company's stock, valued at approximately $2,619,213.30. This trade represents a 2.25% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,180 shares of company stock worth $1,069,232 over the last three months. 0.37% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on CDNS. Wells Fargo & Company upped their target price on Cadence Design Systems from $365.00 to $405.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. Needham & Company LLC upped their price objective on shares of Cadence Design Systems from $325.00 to $390.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. The Goldman Sachs Group assumed coverage on shares of Cadence Design Systems in a research note on Thursday, July 10th. They issued a "buy" rating and a $380.00 target price on the stock. JPMorgan Chase & Co. boosted their price target on shares of Cadence Design Systems from $330.00 to $390.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. Finally, Robert W. Baird raised their price objective on shares of Cadence Design Systems from $340.00 to $380.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. Twelve research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $364.33.

Institutional Investors Weigh In On Cadence Design Systems

Several institutional investors have recently bought and sold shares of the stock. Brighton Jones LLC boosted its stake in shares of Cadence Design Systems by 80.2% during the fourth quarter. Brighton Jones LLC now owns 1,519 shares of the software maker's stock valued at $456,000 after purchasing an additional 676 shares during the period. Highview Capital Management LLC DE boosted its position in Cadence Design Systems by 2.7% during the 4th quarter. Highview Capital Management LLC DE now owns 6,304 shares of the software maker's stock valued at $1,894,000 after buying an additional 163 shares during the period. Nuveen Asset Management LLC increased its position in shares of Cadence Design Systems by 6.9% in the fourth quarter. Nuveen Asset Management LLC now owns 1,080,928 shares of the software maker's stock valued at $324,776,000 after acquiring an additional 69,456 shares during the period. NorthRock Partners LLC increased its position in shares of Cadence Design Systems by 65.2% in the fourth quarter. NorthRock Partners LLC now owns 3,367 shares of the software maker's stock valued at $1,012,000 after acquiring an additional 1,329 shares during the period. Finally, Mufg Securities Americas Inc. bought a new position in shares of Cadence Design Systems during the fourth quarter valued at about $1,217,000. 84.85% of the stock is currently owned by hedge funds and other institutional investors.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California's 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California's 31st Congressional District. He declared candidacy for the 2026 election. Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor's degree in political science from George Washington University in 1994, a master's in business administration from Regis University in 2002, and a master's degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

Cadence Design Systems Company Profile

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.

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