Griffin Securities Has Strong Forecast for CDNS Q1 Earnings

Cadence Design Systems, Inc. (NASDAQ:CDNS) – Equities researchers at Griffin Securities raised their Q1 2025 EPS estimates for shares of Cadence Design Systems in a research report issued on Wednesday, February 19th. Griffin Securities analyst J. Vleeschhouwer now anticipates that the software maker will post earnings per share of $1.13 for the quarter, up from their prior forecast of $1.10. The consensus estimate for Cadence Design Systems’ current full-year earnings is $5.41 per share. Griffin Securities also issued estimates for Cadence Design Systems’ Q2 2025 earnings at $1.23 EPS, Q4 2025 earnings at $1.52 EPS, Q1 2026 earnings at $1.26 EPS, Q2 2026 earnings at $1.45 EPS, Q3 2026 earnings at $1.50 EPS, Q4 2026 earnings at $1.84 EPS and FY2026 earnings at $6.07 EPS.

Cadence Design Systems (NASDAQ:CDNS) last announced its earnings results on Tuesday, February 18th. The software maker reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.33). The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Cadence Design Systems had a return on equity of 29.24% and a net margin of 22.74%.

CDNS has been the subject of a number of other reports. StockNews.com cut shares of Cadence Design Systems from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Bank of America decreased their target price on Cadence Design Systems from $365.00 to $350.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. Needham & Company LLC restated a “buy” rating and issued a $325.00 price target on shares of Cadence Design Systems in a report on Wednesday, February 19th. Mizuho lifted their price objective on shares of Cadence Design Systems from $325.00 to $350.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Finally, Robert W. Baird dropped their target price on shares of Cadence Design Systems from $340.00 to $335.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Cadence Design Systems currently has an average rating of “Moderate Buy” and a consensus target price of $326.92.

Cadence Design Systems Price Performance

CDNS stock opened at $248.90 on Monday. Cadence Design Systems has a 12 month low of $241.29 and a 12 month high of $328.99. The company has a current ratio of 2.93, a quick ratio of 2.27 and a debt-to-equity ratio of 0.53. The company has a 50-day moving average price of $298.08 and a 200 day moving average price of $287.22. The stock has a market cap of $68.26 billion, a PE ratio of 64.48, a P/E/G ratio of 3.88 and a beta of 1.03.

Insider Buying and Selling

In other Cadence Design Systems news, VP Paul Scannell sold 3,171 shares of Cadence Design Systems stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $305.78, for a total value of $969,628.38. Following the transaction, the vice president now owns 14,318 shares in the company, valued at $4,378,158.04. The trade was a 18.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Anirudh Devgan sold 93,151 shares of the stock in a transaction dated 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 approximately $17,320,940. The trade was a 62.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 108,416 shares of company stock valued at $33,538,875 over the last three months. 1.99% of the stock is owned by company insiders.

Institutional Trading of Cadence Design Systems

Hedge funds have recently modified their holdings of the company. Golden State Wealth Management LLC purchased a new stake in shares of Cadence Design Systems during the fourth quarter valued at about $28,000. Missouri Trust & Investment Co purchased a new stake in shares of Cadence Design Systems during the 3rd quarter valued at $27,000. MidAtlantic Capital Management Inc. purchased a new stake in shares of Cadence Design Systems during the 3rd quarter valued at $28,000. Ancora Advisors LLC lifted its holdings in shares of Cadence Design Systems by 1,400.0% during the 4th quarter. Ancora Advisors LLC now owns 120 shares of the software maker’s stock valued at $36,000 after purchasing an additional 112 shares during the last quarter. Finally, Avalon Trust Co purchased a new stake in shares of Cadence Design Systems during the 4th quarter valued at $39,000. 84.85% of the stock is owned by hedge funds and other institutional investors.

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.