Cadence Design Systems (NASDAQ:CDNS) Upgraded at Wall Street Zen

Posted by Brian Himes on Sep 29th, 2026

Wall Street Zen upgraded shares of Cadence Design Systems (NASDAQ:CDNS – Free Report) from a hold rating to a buy rating in a research note released on Saturday,Wall Street Zen reports.

A number of other research analysts have also weighed in on the company. KeyCorp reaffirmed an “overweight” rating on shares of Cadence Design Systems in a report on Tuesday, July 28th. FBN Securities started coverage on Cadence Design Systems in a report on Friday, September 11th. They issued an “outperform” rating and a $375.00 target price for the company. Stifel Nicolaus boosted their target price on shares of Cadence Design Systems from $395.00 to $432.00 and gave the stock a “buy” rating in a research report on Tuesday, June 9th. Benchmark reaffirmed a “buy” rating on shares of Cadence Design Systems in a research note on Tuesday, July 28th. Finally, Robert W. Baird increased their price target on shares of Cadence Design Systems from $415.00 to $420.00 and gave the company an “outperform” rating in a report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $403.88.

Check Out Our Latest Research Report on Cadence Design Systems

Cadence Design Systems Price Performance

Shares of CDNS opened at $326.70 on Friday. Cadence Design Systems has a twelve month low of $262.75 and a twelve month high of $416.69. The stock’s 50 day moving average is $317.57 and its two-hundred day moving average is $333.80. The firm has a market capitalization of $89.97 billion, a PE ratio of 64.95, a P/E/G ratio of 3.50 and a beta of 1.14. The company has a current ratio of 1.74, a quick ratio of 1.53 and a debt-to-equity ratio of 0.36.

Cadence Design Systems (NASDAQ:CDNS – Get Free Report) last released its earnings results on Monday, July 27th. The software maker reported $2.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.06. The company had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Cadence Design Systems had a return on equity of 27.98% and a net margin of 23.60%.The firm’s quarterly revenue was up 24.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.65 EPS. Cadence Design Systems has set its FY 2026 guidance at 8.050-8.150 EPS and its Q3 2026 guidance at 2.010-2.070 EPS. Research analysts anticipate that Cadence Design Systems will post 6.4 earnings per share for the current year.

Insider Buying and Selling at Cadence Design Systems

In other news, VP Paul Cunningham sold 2,000 shares of the stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $277.12, for a total value of $554,240.00. Following the sale, the vice president directly owned 121,793 shares in the company, valued at $33,751,276.16. This represents a 1.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ita Brennan sold 180 shares of the stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $285.51, for a total value of $51,391.80. Following the sale, the director owned 7,824 shares in the company, valued at approximately $2,233,830.24. This trade represents a 2.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 5,710 shares of company stock worth $1,748,292 over the last ninety days. 0.49% of the stock is currently owned by company insiders.

Institutional Trading of Cadence Design Systems

A number of large investors have recently made changes to their positions in the stock. George Kaiser Family Foundation purchased a new stake in shares of Cadence Design Systems during the 2nd quarter worth about $725,000. MUFG Securities EMEA plc increased its position in Cadence Design Systems by 113.9% during the 4th quarter. MUFG Securities EMEA plc now owns 11,159 shares of the software maker’s stock worth $3,488,000 after purchasing an additional 5,943 shares in the last quarter. Vega Investment Solutions purchased a new position in Cadence Design Systems in the second quarter valued at approximately $1,957,000. Harvest Fund Management Co. Ltd lifted its position in Cadence Design Systems by 16.7% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 21,945 shares of the software maker’s stock valued at $6,858,000 after buying an additional 3,133 shares in the last quarter. Finally, National Pension Service lifted its position in Cadence Design Systems by 1.1% during the fourth quarter. National Pension Service now owns 751,923 shares of the software maker’s stock valued at $235,036,000 after buying an additional 8,051 shares in the last quarter. Institutional investors and hedge funds own 84.85% of the company’s stock.

Cadence Design Systems Company Profile

(Get Free Report)

Cadence Design Systems, Inc is a technology company that develops electronic design automation (EDA) software, hardware, and semiconductor intellectual property. Its products help engineers design, verify, analyze, and manufacture complex semiconductor chips, printed circuit boards, and electronic systems.

The company’s offerings include digital and custom/analog integrated-circuit design tools, functional verification and emulation platforms, semiconductor intellectual property, and system analysis solutions.