Paul Scannell Sells 7,081 Shares of Cadence Design Systems (NASDAQ:CDNS) Stock

Cadence Design Systems, Inc. (NASDAQ:CDNS) VP Paul Scannell sold 7,081 shares of Cadence Design Systems stock in a transaction on Monday, June 1st. The stock was sold at an average price of $393.91, for a total transaction of $2,789,276.71. Following the completion of the transaction, the vice president directly owned 32,181 shares in the company, valued at $12,676,417.71. This represents a 18.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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 transaction 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 transaction of $3,559,500.00.

Cadence Design Systems Trading Up 1.0%

NASDAQ:CDNS opened at $411.92 on Friday. Cadence Design Systems, Inc. has a 12 month low of $262.75 and a 12 month high of $416.69. The firm has a fifty day simple moving average of $331.27 and a 200-day simple moving average of $315.41. The company has a current ratio of 1.47, a quick ratio of 1.32 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $113.61 billion, a P/E ratio of 96.02, a PEG ratio of 4.83 and a beta of 1.15.

Cadence Design Systems (NASDAQ:CDNS) last posted its earnings results on Monday, April 27th. The software maker reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.05. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.46 billion. Cadence Design Systems had a net margin of 21.18% and a return on equity of 28.44%. The firm’s quarterly revenue was up 18.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.57 earnings per share. 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, equities research analysts anticipate that Cadence Design Systems, Inc. will post 6.23 earnings per share for the current year.

Key Cadence Design Systems News

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

• Positive Sentiment: Analysts and commentators remain constructive on Cadence’s business, citing strong demand tied to semiconductor complexity and AI chip development. One bullish note assigned a $470 price target and pointed to 19% year-over-year revenue growth, a record $8 billion backlog, and broad-based growth across the company’s EDA and SDA segments. Article: Cadence: The Silicon Arms Race Is Just Getting Started
• Positive Sentiment: Recent coverage also highlighted Cadence as a key “picks-and-shovels” AI play, reinforcing expectations that its software tools remain essential for advanced chip design and verification. Article: Beyond NVIDIA: Picks-and-Shovels AI Plays with Strong Momentum
• Neutral Sentiment: Cadence presented at the Bank of America Global Technology Conference, which helps keep the company in focus but did not introduce major new operational guidance or earnings news. Article: Cadence Design Systems, Inc. (CDNS) Presents at Bank of America 2026 Global Technology Conference Transcript
• Negative Sentiment: Insider selling has likely weighed on sentiment, with CEO Anirudh Devgan and VP Paul Scannell both selling shares recently under pre-arranged 10b5-1 plans. While routine, these sales can still make investors cautious after the stock’s sharp run-up. Article: Insider trade details for Anirudh Devgan
• Negative Sentiment: Options activity also leaned bearish, with unusually heavy buying of put options suggesting some traders are hedging against a pullback in CDNS after recent strength. Article: Cadence Design Systems stock page
• Negative Sentiment: Several headlines said CDNS underperformed the broader market and technology sector recently, consistent with investors taking profits near its 52-week high after a strong move higher. Article: Here’s Why Cadence Design Systems (CDNS) Fell More Than Broader Market

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CDNS. Rosenblatt Securities reissued a “buy” rating and set a $360.00 target price on shares of Cadence Design Systems in a research note on Friday, April 24th. Berenberg Bank set a $440.00 target price on shares of Cadence Design Systems in a research note on Wednesday, May 27th. Robert W. Baird boosted their target price on shares of Cadence Design Systems from $381.00 to $385.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 28th. KeyCorp boosted their target price on shares of Cadence Design Systems from $405.00 to $425.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 28th. Finally, Needham & Company LLC reissued a “buy” rating and set a $400.00 target price on shares of Cadence Design Systems in a research note on Tuesday, April 28th. Fourteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $384.41.

Institutional Investors Weigh In On Cadence Design Systems

Large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Cadence Design Systems by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 27,231,070 shares of the software maker’s stock valued at $8,511,888,000 after buying an additional 307,753 shares during the last quarter. State Street Corp grew its position 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 buying an additional 135,206 shares during the last quarter. Geode Capital Management LLC grew 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 valued at $2,378,707,000 after buying an additional 92,152 shares during the last quarter. Norges Bank purchased a new position in shares of Cadence Design Systems in the 4th quarter valued at $1,352,922,000. Finally, Van ECK Associates Corp grew its position in shares of Cadence Design Systems by 11.9% in the 4th quarter. Van ECK Associates Corp now owns 3,534,180 shares of the software maker’s stock valued at $1,104,714,000 after buying an additional 376,654 shares during the last quarter. 84.85% of the stock is owned by hedge funds and other institutional investors.

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.