Analysts’ Recent Ratings Updates for Cadence Design Systems (CDNS)

A number of firms have modified their ratings and price targets on shares of Cadence Design Systems (NASDAQ: CDNS) recently:

• 2/20/2025 – Cadence Design Systems had its price target lowered by analysts at Robert W. Baird from $340.00 to $335.00. They now have an “outperform” rating on the stock.
• 2/19/2025 – Cadence Design Systems had its price target raised by analysts at Piper Sandler from $318.00 to $328.00. They now have an “overweight” rating on the stock.
• 2/19/2025 – Cadence Design Systems had its price target raised by analysts at Rosenblatt Securities from $280.00 to $295.00. They now have a “neutral” rating on the stock.
• 2/19/2025 – Cadence Design Systems had its price target lowered by analysts at Loop Capital from $360.00 to $340.00. They now have a “buy” rating on the stock.
• 2/19/2025 – Cadence Design Systems had its price target lowered by analysts at Bank of America Co. from $365.00 to $350.00. They now have a “buy” rating on the stock.
• 2/19/2025 – Cadence Design Systems had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $325.00 price target on the stock.
• 2/6/2025 – Cadence Design Systems was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 1/29/2025 – Cadence Design Systems was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 1/13/2025 – Cadence Design Systems is now covered by analysts at Redburn Atlantic. They set a “buy” rating and a $350.00 price target on the stock.

Cadence Design Systems Stock Down 2.1 %

Shares of NASDAQ:CDNS opened at $252.95 on Tuesday. Cadence Design Systems, Inc. has a 52 week low of $241.29 and a 52 week high of $328.99. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.27 and a current ratio of 2.93. The company has a market cap of $69.37 billion, a PE ratio of 65.53, a price-to-earnings-growth ratio of 3.88 and a beta of 1.03. The firm has a 50 day simple moving average of $299.33 and a 200 day simple moving average of $287.37.

Cadence Design Systems (NASDAQ:CDNS) last released its earnings results on Tuesday, February 18th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.33). The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Cadence Design Systems had a net margin of 22.74% and a return on equity of 29.24%. As a group, research analysts expect that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current year.

Insider Buying and Selling at Cadence Design Systems

In other Cadence Design Systems news, CFO John M. Wall sold 4,224 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $309.03, for a total value of $1,305,342.72. Following the completion of the sale, the chief financial officer now owns 29,248 shares in the company, valued at $9,038,509.44. This represents a 12.62 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Anirudh Devgan sold 93,151 shares of Cadence Design Systems stock in a transaction on Monday, January 6th. The shares were sold at an average price of $310.00, for a total transaction of $28,876,810.00. Following the sale, the chief executive officer now directly owns 55,874 shares of the company’s stock, valued at $17,320,940. This trade represents a 62.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 108,416 shares of company stock valued at $33,538,875 in the last 90 days. 1.99% of the stock is currently owned by corporate insiders.

Institutional Trading of Cadence Design Systems

Hedge funds and other institutional investors have recently modified their holdings of the company. Avior Wealth Management LLC raised its stake in shares of Cadence Design Systems by 12.4% during the 4th quarter. Avior Wealth Management LLC now owns 326 shares of the software maker’s stock worth $98,000 after purchasing an additional 36 shares in the last quarter. Accredited Investors Inc. raised its position in Cadence Design Systems by 1.7% during the fourth quarter. Accredited Investors Inc. now owns 2,176 shares of the software maker’s stock valued at $654,000 after acquiring an additional 36 shares in the last quarter. Principal Street Partners LLC lifted its stake in Cadence Design Systems by 2.6% in the fourth quarter. Principal Street Partners LLC now owns 1,455 shares of the software maker’s stock valued at $437,000 after acquiring an additional 37 shares during the last quarter. Lindbrook Capital LLC grew its position in Cadence Design Systems by 1.7% in the fourth quarter. Lindbrook Capital LLC now owns 2,230 shares of the software maker’s stock worth $670,000 after acquiring an additional 38 shares in the last quarter. Finally, Oarsman Capital Inc. increased its stake in shares of Cadence Design Systems by 3.8% during the 4th quarter. Oarsman Capital Inc. now owns 1,042 shares of the software maker’s stock worth $313,000 after purchasing an additional 38 shares during the last quarter. 84.85% of the stock is currently owned by hedge funds and other institutional investors.

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.