Cadence Design Systems, Inc. (NASDAQ:CDNS – Get Free Report) CEO Anirudh Devgan sold 51,822 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $395.00, for a total value of $20,469,690.00. Following the completion of the transaction, the chief executive officer owned 278,524 shares of the company’s stock, valued at $110,016,980. This trade represents a 15.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Anirudh Devgan also recently made the following trade(s):
- On Tuesday, June 2nd, Anirudh Devgan sold 25,005 shares of Cadence Design Systems stock. The stock was sold at an average price of $415.00, for a total value of $10,377,075.00.
- On Friday, May 22nd, Anirudh Devgan sold 51,887 shares of Cadence Design Systems stock. The stock was sold at an average price of $370.00, for a total value of $19,198,190.00.
Cadence Design Systems Stock Performance
Shares of CDNS stock opened at $376.19 on Friday. The firm has a market capitalization of $103.76 billion, a price-to-earnings ratio of 87.69, a price-to-earnings-growth ratio of 4.87 and a beta of 1.15. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.47 and a quick ratio of 1.32. The business has a fifty day moving average of $333.17 and a 200 day moving average of $315.83. Cadence Design Systems, Inc. has a 1 year low of $262.75 and a 1 year high of $416.69.
Wall Street Analysts Forecast Growth
CDNS has been the topic of several analyst reports. Berenberg Bank set a $440.00 price target on Cadence Design Systems in a research report on Wednesday, May 27th. Citigroup increased their price target on Cadence Design Systems from $385.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Needham & Company LLC reaffirmed a “buy” rating and set a $400.00 price target on shares of Cadence Design Systems in a research report on Tuesday, April 28th. KeyCorp increased their price target on Cadence Design Systems from $405.00 to $425.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 28th. Finally, Wells Fargo & Company increased their price target on Cadence Design Systems from $400.00 to $425.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Fourteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $384.41.
Key Stories Impacting Cadence Design Systems
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
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Y.D. More Investments Ltd acquired a new position in shares of Cadence Design Systems during the 3rd quarter worth approximately $26,000. Whipplewood Advisors LLC raised its position in shares of Cadence Design Systems by 933.3% during the 1st quarter. Whipplewood Advisors LLC now owns 93 shares of the software maker’s stock valued at $26,000 after buying an additional 84 shares during the period. Brown Lisle Cummings Inc. raised its position in shares of Cadence Design Systems by 860.0% during the 1st quarter. Brown Lisle Cummings Inc. now owns 96 shares of the software maker’s stock valued at $27,000 after buying an additional 86 shares during the period. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Cadence Design Systems during the 4th quarter valued at approximately $28,000. Finally, Caitlin John LLC purchased a new stake in shares of Cadence Design Systems during the 3rd quarter valued at approximately $29,000. 84.85% of the stock is currently 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.
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