Cadence Design Systems, Inc. (NASDAQ:CDNS – Free Report) – Investment analysts at Erste Group Bank upped their FY2026 earnings per share estimates for shares of Cadence Design Systems in a research note issued on Thursday, October 8th. Erste Group Bank analyst H. Engel now anticipates that the software maker will post earnings per share of $6.40 for the year, up from their previous estimate of $6.39. The consensus estimate for Cadence Design Systems’ current full-year earnings is $6.41 per share.
Cadence Design Systems (NASDAQ:CDNS – Get Free Report) last issued its quarterly earnings data on Monday, July 27th. The software maker reported $2.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.05 by $0.06. Cadence Design Systems had a return on equity of 27.98% and a net margin of 23.60%. The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same period last year, the company earned $1.65 EPS. The business’s quarterly revenue was up 24.2% compared to the same quarter last year. 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.
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Cadence Design Systems Price Performance
Shares of Cadence Design Systems stock opened at $348.42 on Tuesday. The company has a quick ratio of 1.53, a current ratio of 1.74 and a debt-to-equity ratio of 0.36. The company has a market cap of $95.95 billion, a PE ratio of 69.27, a P/E/G ratio of 3.78 and a beta of 1.13. The business has a 50 day moving average of $319.81 and a 200 day moving average of $337.89. Cadence Design Systems has a 52 week low of $262.75 and a 52 week high of $416.69.
Hedge Funds Weigh In On Cadence Design Systems
A number of institutional investors have recently added to or reduced their stakes in CDNS. Whipplewood Advisors LLC lifted its position in 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 acquiring an additional 84 shares during the period. Brown Lisle Cummings Inc. boosted its stake in Cadence Design Systems by 860.0% during the first quarter. Brown Lisle Cummings Inc. now owns 96 shares of the software maker’s stock worth $27,000 after acquiring an additional 86 shares in the last quarter. University of Texas Texas AM Investment Management Co. purchased a new stake in Cadence Design Systems in the fourth quarter worth about $28,000. Avalon Trust Co purchased a new stake in Cadence Design Systems in the second quarter worth about $30,000. Finally, Burkett Financial Services LLC bought a new position in shares of Cadence Design Systems during the third quarter valued at approximately $30,000. Institutional investors own 84.85% of the company’s stock.
Insider Transactions 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 stock was sold at an average price of $277.12, for a total value of $554,240.00. Following the completion of the transaction, the vice president owned 121,793 shares of the company’s stock, valued at approximately $33,751,276.16. This represents a 1.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paul Scannell sold 280 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $339.00, for a total value of $94,920.00. Following the completion of the transaction, the vice president owned 31,720 shares of the company’s stock, valued at approximately $10,753,080. The trade was a 0.88% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 6,960 shares of company stock worth $2,185,879 over the last quarter. Insiders own 0.49% of the company’s stock.
Cadence Design Systems Company Profile
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.
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