Cadence Design Systems (NASDAQ:CDNS) Director Purchases $13,875.30 in Stock

Cadence Design Systems, Inc. (NASDAQ:CDNS) Director Moshe Gavrielov acquired 54 shares of the firm’s stock in a transaction on Friday, March 28th. The shares were purchased at an average cost of $256.95 per share, for a total transaction of $13,875.30. Following the completion of the purchase, the director directly owned 1,130 shares of the company’s stock, valued at approximately $290,353.50. The trade was a 5.02% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Moshe Gavrielov also recently made the following trade(s):

• On Wednesday, January 21st, Moshe Gavrielov sold 5 shares of Cadence Design Systems stock. The shares were sold at an average price of $312.56, for a total value of $1,562.80.

Cadence Design Systems Trading Down 1.0%

Shares of CDNS opened at $296.94 on Friday. The stock has a fifty day moving average price of $304.06 and a two-hundred day moving average price of $324.16. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.67 and a current ratio of 2.86. Cadence Design Systems, Inc. has a 52-week low of $221.56 and a 52-week high of $376.45. The company has a market cap of $80.96 billion, a price-to-earnings ratio of 73.14, a PEG ratio of 3.58 and a beta of 1.00.

Cadence Design Systems (NASDAQ:CDNS) last announced its earnings results on Tuesday, February 17th. The software maker reported $1.99 EPS for the quarter, topping the consensus estimate of $1.91 by $0.08. Cadence Design Systems had a return on equity of 29.34% and a net margin of 20.93%.The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the prior year, the business earned $1.88 earnings per share. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. Cadence Design Systems has set its Q1 2026 guidance at 1.890-1.950 EPS and its FY 2026 guidance at 8.050-8.150 EPS. Analysts predict that Cadence Design Systems, Inc. will post 5.41 EPS for the current fiscal year.

Institutional Investors Weigh In On Cadence Design Systems

A number of institutional investors and hedge funds have recently modified their holdings of CDNS. Vanguard Group Inc. grew its holdings in Cadence Design Systems by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 27,231,070 shares of the software maker’s stock worth $8,511,888,000 after acquiring an additional 307,753 shares during the period. State Street Corp lifted its stake in shares of Cadence Design Systems by 1.1% in the 4th quarter. State Street Corp now owns 12,603,368 shares of the software maker’s stock valued at $3,939,561,000 after purchasing an additional 135,206 shares during the period. Geode Capital Management LLC boosted its position in shares of Cadence Design Systems by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 7,627,272 shares of the software maker’s stock worth $2,378,707,000 after purchasing an additional 92,152 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Cadence Design Systems by 16.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,314,407 shares of the software maker’s stock worth $1,866,739,000 after purchasing an additional 731,788 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Cadence Design Systems during the fourth quarter worth $1,352,922,000. 84.85% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CDNS has been the subject of several research reports. Weiss Ratings restated a “hold (c)” rating on shares of Cadence Design Systems in a research report on Monday, December 29th. Oppenheimer upgraded shares of Cadence Design Systems from an “underperform” rating to a “market perform” rating and set a $275.00 target price on the stock in a research report on Monday, December 1st. Citigroup started coverage on shares of Cadence Design Systems in a report on Monday, November 24th. They issued a “buy” rating and a $385.00 price target for the company. Morgan Stanley dropped their price objective on shares of Cadence Design Systems from $385.00 to $370.00 and set an “overweight” rating for the company in a research report on Wednesday, February 18th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $390.00 price objective on shares of Cadence Design Systems in a report on Wednesday, February 18th. Fifteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $376.50.

Cadence Design Systems Company Profile

Cadence Design Systems, Inc (NASDAQ: CDNS) is a global provider of electronic design automation (EDA) software, hardware and intellectual property used to design and verify advanced semiconductor chips, systems-on-chip (SoCs), printed circuit boards (PCBs) and packaging. Headquartered in San Jose, California and founded in 1988, Cadence serves semiconductor companies, original equipment manufacturers and system designers across the globe, helping customers accelerate design cycles and manage the complexity of modern integrated systems.

The company’s offerings span software tools for digital, custom/analog and mixed-signal design, verification and signoff, as well as solutions for system-level modeling, thermal and signal integrity analysis, and PCB and package design.