Cadence Design Systems (NASDAQ:CDNS) Earns “Buy” Rating from Rosenblatt Securities

Cadence Design Systems (NASDAQ:CDNS)‘s stock had its “buy” rating reaffirmed by investment analysts at Rosenblatt Securities in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $360.00 price objective on the software maker’s stock. Rosenblatt Securities’ price target would suggest a potential upside of 19.44% from the stock’s previous close.

A number of other brokerages also recently commented on CDNS. Stifel Nicolaus set a $395.00 price objective on Cadence Design Systems in a research note on Wednesday, February 18th. Oppenheimer upgraded shares of Cadence Design Systems from an “underperform” rating to a “market perform” rating and set a $275.00 price objective for the company in a report on Monday, December 1st. Citigroup initiated coverage on Cadence Design Systems in a report on Monday, November 24th. They set a “buy” rating and a $385.00 target price on the stock. Wells Fargo & Company decreased their price target on Cadence Design Systems from $410.00 to $375.00 and set an “overweight” rating for the company in a research note on Wednesday, February 18th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Cadence Design Systems in a research report on Monday, December 29th. Fifteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Cadence Design Systems presently has an average rating of “Moderate Buy” and a consensus price target of $376.50.

Cadence Design Systems Stock Performance

Cadence Design Systems stock opened at $301.40 on Thursday. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.86 and a quick ratio of 2.67. Cadence Design Systems has a 12 month low of $221.56 and a 12 month high of $376.45. The company has a fifty day moving average price of $305.71 and a two-hundred day moving average price of $325.91. The company has a market cap of $82.18 billion, a PE ratio of 74.24, a P/E/G ratio of 3.56 and a beta of 1.01.

Cadence Design Systems (NASDAQ:CDNS) last posted its quarterly earnings results on Tuesday, February 17th. The software maker reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.08. Cadence Design Systems had a net margin of 20.93% and a return on equity of 29.34%. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same period last year, the firm posted $1.88 EPS. The company’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. Research analysts expect that Cadence Design Systems will post 5.41 earnings per share for the current year.

Insider Buying and Selling at Cadence Design Systems

In related news, VP Paul Scannell sold 5,490 shares of Cadence Design Systems stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $339.43, for a total value of $1,863,470.70. Following the transaction, the vice president owned 20,321 shares of the company’s stock, valued at approximately $6,897,557.03. This trade represents a 21.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO John M. Wall sold 27,805 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $318.57, for a total transaction of $8,857,838.85. Following the sale, the chief financial officer directly owned 69,957 shares of the company’s stock, valued at $22,286,201.49. This represents a 28.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 56,475 shares of company stock worth $18,505,486. 1.99% of the stock is owned by insiders.

Institutional Trading of Cadence Design Systems

Several large investors have recently added to or reduced their stakes in CDNS. Groupama Asset Managment lifted its stake in Cadence Design Systems by 9.6% in the 4th quarter. Groupama Asset Managment now owns 64,605 shares of the software maker’s stock worth $20,194,000 after acquiring an additional 5,655 shares in the last quarter. MidFirst Bank acquired a new position in shares of Cadence Design Systems in the 4th quarter valued at about $211,000. Virtu Financial LLC lifted its position in shares of Cadence Design Systems by 24.4% in the fourth quarter. Virtu Financial LLC now owns 7,492 shares of the software maker’s stock worth $2,342,000 after purchasing an additional 1,471 shares in the last quarter. MV Capital Management Inc. acquired a new stake in shares of Cadence Design Systems during the fourth quarter worth approximately $95,000. Finally, T. Rowe Price Investment Management Inc. grew its position in Cadence Design Systems by 8.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 10,511 shares of the software maker’s stock valued at $3,286,000 after purchasing an additional 777 shares in the last quarter. 84.85% of the stock is owned by institutional investors and hedge funds.

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.