Insider Selling: Cadence Design Systems (NASDAQ:CDNS) VP Sells $2,789,276.71 in Stock

Cadence Design Systems, Inc. (NASDAQ:CDNS) VP Paul Scannell sold 7,081 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $393.91, for a total value of $2,789,276.71. Following the sale, the vice president owned 32,181 shares of the company’s stock, valued at approximately $12,676,417.71. This represents a 18.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Paul Scannell also recently made the following trade(s):

• On Monday, May 18th, Paul Scannell sold 1,071 shares of Cadence Design Systems stock. The stock was sold at an average price of $345.06, for a total value of $369,559.26.
• On Friday, May 1st, Paul Scannell sold 10,500 shares of Cadence Design Systems stock. The stock was sold at an average price of $339.00, for a total value of $3,559,500.00.

Cadence Design Systems Stock Down 8.6%

Cadence Design Systems stock opened at $376.19 on Friday. Cadence Design Systems, Inc. has a twelve month low of $262.75 and a twelve month high of $416.69. The business has a fifty day moving average of $333.17 and a two-hundred day moving average of $315.83. The company has a quick ratio of 1.32, a current ratio of 1.47 and a debt-to-equity ratio of 0.38. The firm has a market cap of $103.76 billion, a P/E ratio of 87.69, a P/E/G ratio of 4.87 and a beta of 1.15.

Cadence Design Systems (NASDAQ:CDNS) last issued its quarterly earnings data on Monday, April 27th. The software maker reported $1.96 EPS for the quarter, beating the consensus estimate of $1.91 by $0.05. Cadence Design Systems had a return on equity of 28.44% and a net margin of 21.18%.The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the prior year, the business posted $1.57 EPS. The business’s revenue for the quarter was up 18.6% compared to the same quarter last year. Cadence Design Systems has set its FY 2026 guidance at 7.850-7.950 EPS and its Q2 2026 guidance at 2.020-2.080 EPS. On average, analysts forecast that Cadence Design Systems, Inc. will post 6.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on CDNS. Stifel Nicolaus set a $395.00 price objective on Cadence Design Systems in a report on Wednesday, February 18th. Needham & Company LLC reiterated a “buy” rating and set a $400.00 price objective on shares of Cadence Design Systems in a report on Tuesday, April 28th. Wells Fargo & Company increased their price objective on Cadence Design Systems from $400.00 to $425.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Citigroup increased their price objective on Cadence Design Systems from $385.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Finally, Morgan Stanley decreased their price objective on Cadence Design Systems from $385.00 to $370.00 and set an “overweight” rating for the company in a report on Wednesday, February 18th. Fourteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Cadence Design Systems currently has an average rating of “Moderate Buy” and an average price target of $384.41.

More Cadence Design Systems News

Here are the key news stories impacting Cadence Design Systems this week:

• Positive Sentiment: Cadence is still being viewed favorably by analysts, with reports highlighting its strong position in EDA software, AI-driven workflows, and expanding system design offerings. One recent bullish note called it a long-term winner in the AI and semiconductor “arms race,” citing 19% Q1 revenue growth, a record $8 billion backlog, and a $470 price target. Article: Cadence: The Silicon Arms Race Is Just Getting Started
• Positive Sentiment: Cadence signed a licensing deal with Aeva to use Tensilica Vision DSP technology in next-generation 4D LiDAR systems, extending CDNS’s reach into AI sensing hardware and adding another growth angle beyond core chip-design software. Article: Cadence Aeva LiDAR Deal Extends AI Sensing Role For Investors
• Neutral Sentiment: Cadence remains a heavily watched stock among investors, which may be drawing attention ahead of any future catalysts, but the “trending” coverage itself does not change fundamentals. Article: Is Trending Stock Cadence Design Systems, Inc. (CDNS) a Buy Now?
• Neutral Sentiment: The company’s recent conference appearance kept Cadence in front of investors, but it did not include a major new financial update, so the impact on the stock is likely limited. Article: Cadence Design Systems, Inc. Presents at Bank of America 2026 Global Technology Conference Transcript
• Negative Sentiment: Recent insider selling by CEO Anirudh Devgan and VP Paul Scannell may be weighing on sentiment, even though the trades were made under pre-arranged 10b5-1 plans. Article: Insider trade details for Anirudh Devgan
• Negative Sentiment: Unusual put-option trading and headlines noting CDNS underperformed the broader market suggest some investors are positioning for more downside or taking profits after the stock’s strong move higher. Article: Here’s Why Cadence Design Systems (CDNS) Fell More Than Broader Market

Hedge Funds Weigh In On Cadence Design Systems

Hedge funds have recently made changes to their positions in the company. Peterson Wealth Services grew its position in Cadence Design Systems by 1,501.3% during the 3rd quarter. Peterson Wealth Services now owns 187,115 shares of the software maker’s stock worth $65,726,000 after purchasing an additional 175,430 shares during the period. Sun Financial Inc acquired a new stake in Cadence Design Systems during the 4th quarter worth about $1,225,000. MUFG Securities EMEA plc grew its position in Cadence Design Systems by 113.9% during the 4th quarter. MUFG Securities EMEA plc now owns 11,159 shares of the software maker’s stock worth $3,488,000 after purchasing an additional 5,943 shares during the period. Thrivent Financial for Lutherans grew its position in Cadence Design Systems by 301.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 49,999 shares of the software maker’s stock worth $17,563,000 after purchasing an additional 37,558 shares during the period. Finally, DDD Partners LLC grew its position in Cadence Design Systems by 27.4% during the 4th quarter. DDD Partners LLC now owns 41,968 shares of the software maker’s stock worth $13,118,000 after purchasing an additional 9,024 shares during the period. 84.85% of the stock is owned by institutional investors and hedge funds.

About Cadence Design Systems

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.