Rep. Val T. Hoyle Sells Off Shares of Cadence Design Systems, Inc. (NASDAQ:CDNS)

Key Points

• Representative Val T. Hoyle sold between $1,001 and $15,000 in shares of Cadence Design Systems on September 23rd, as disclosed in a filing on October 10th.
• Cadence Design Systems' stock has decreased by 6.2% recently, with a market capitalization of $89.10 billion and a price-to-earnings ratio of 88.38.
• Insider trading activity includes a significant sale by Director Ita M. Brennan, who sold 180 shares for over $60,000 at an average price of $334.51.

Representative Val T. Hoyle (D-Oregon) recently sold shares of Cadence Design Systems, Inc. NASDAQ: CDNS. In a filing disclosed on October 10th, the Representative disclosed that they had sold between $1,001 and $15,000 in Cadence Design Systems stock on September 23rd. The trade occurred in the Representative's "FIDELITY ROLLOVER IRA" account.

Representative Val T. Hoyle also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Marriott International NASDAQ: MAR on 9/23/2025.
• Sold $1,001 - $15,000 in shares of Transdigm Group NYSE: TDG on 9/23/2025.
• Sold $1,001 - $15,000 in shares of H&R Block NYSE: HRB on 9/23/2025.
• Sold $1,001 - $15,000 in shares of NIKE NYSE: NKE on 9/23/2025.
• Sold $1,001 - $15,000 in shares of Bank of New York Mellon NYSE: BK on 9/23/2025.
• Sold $1,001 - $15,000 in shares of Cisco Systems NASDAQ: CSCO on 9/23/2025.
• Sold $1,001 - $15,000 in shares of Capital One Financial NYSE: COF on 9/23/2025.
• Sold $1,001 - $15,000 in shares of Pentair NYSE: PNR on 9/23/2025.
• Sold $1,001 - $15,000 in shares of Heico NYSE: HEI.A on 9/23/2025.
• Sold $1,001 - $15,000 in shares of Target NYSE: TGT on 9/23/2025.

Cadence Design Systems Stock Down 6.2%

Shares of NASDAQ:CDNS opened at $327.00 on Friday. The business has a 50-day moving average price of $351.68 and a 200 day moving average price of $316.56. The company has a current ratio of 2.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $89.10 billion, a price-to-earnings ratio of 88.38, a PEG ratio of 4.57 and a beta of 0.99. Cadence Design Systems, Inc. has a 12-month low of $221.56 and a 12-month high of $376.45.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The software maker reported $1.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.56 by $0.09. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. Cadence Design Systems had a return on equity of 29.65% and a net margin of 19.88%.The company's quarterly revenue was up 20.2% on a year-over-year basis. During the same period last year, the company earned $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. Sell-side analysts expect that Cadence Design Systems, Inc. will post 5.41 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CDNS. KeyCorp raised their target price on Cadence Design Systems from $358.00 to $405.00 and gave the company an "overweight" rating in a report on Tuesday, July 29th. Wall Street Zen cut Cadence Design Systems from a "buy" rating to a "hold" rating in a report on Sunday, September 21st. Wells Fargo & Company raised their target price on Cadence Design Systems from $365.00 to $405.00 and gave the company an "overweight" rating in a report on Tuesday, July 29th. Berenberg Bank set a $400.00 target price on Cadence Design Systems in a report on Wednesday, July 30th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Cadence Design Systems in a report on Wednesday. Fourteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $368.53.

Institutional Investors Weigh In On Cadence Design Systems

Institutional investors have recently added to or reduced their stakes in the business. Novem Group lifted its stake in Cadence Design Systems by 30.3% during the first quarter. Novem Group now owns 4,067 shares of the software maker's stock worth $1,034,000 after purchasing an additional 945 shares during the last quarter. Brookstone Capital Management lifted its stake in Cadence Design Systems by 19.9% during the first quarter. Brookstone Capital Management now owns 17,430 shares of the software maker's stock worth $4,433,000 after purchasing an additional 2,898 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Cadence Design Systems by 10.9% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 142,994 shares of the software maker's stock worth $44,064,000 after purchasing an additional 14,022 shares during the last quarter. GAMMA Investing LLC lifted its stake in Cadence Design Systems by 22.5% during the first quarter. GAMMA Investing LLC now owns 4,790 shares of the software maker's stock worth $1,218,000 after purchasing an additional 879 shares during the last quarter. Finally, Amalgamated Bank lifted its stake in Cadence Design Systems by 2.2% during the first quarter. Amalgamated Bank now owns 58,225 shares of the software maker's stock worth $14,808,000 after purchasing an additional 1,228 shares during the last quarter. Hedge funds and other institutional investors own 84.85% of the company's stock.

Insider Buying and Selling

In related news, Director Ita M. Brennan sold 180 shares of the business's stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $334.51, for a total transaction of $60,211.80. Following the completion of the sale, the director owned 7,830 shares in the company, valued at $2,619,213.30. The trade was a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Paul Cunningham sold 1,000 shares of Cadence Design Systems stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $348.27, for a total value of $348,270.00. Following the transaction, the vice president directly owned 99,672 shares in the company, valued at approximately $34,712,767.44. This trade represents a 0.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,680 shares of company stock worth $3,729,852 over the last 90 days. 1.99% of the stock is owned by insiders.

About Representative Hoyle

Val Hoyle (Democratic Party) is a member of the U.S. House, representing Oregon's 4th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027. Hoyle (Democratic Party) is running for re-election to the U.S. House to represent Oregon's 4th Congressional District. She declared candidacy for the 2026 election. Val Hoyle was born in California and lives in Springfield, Oregon. Hoyle graduated from Merrimack High School. She earned a B.A. in political science from Emmanuel College in 1992. Her career experience includes working as a director at United Way of Lane County, a policy fellow at Wayne Morse Center for Law and Politics, and a commissioner at the Oregon Bureau of Labor and Industries. Hoyle has also worked in domestic and international sales, as well as manufacturing distribution.

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.

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