Cadence Design Systems, Inc. (NASDAQ:CDNS) Given Consensus Rating of “Moderate Buy” by Analysts

Posted by George Bondi on Sep 7th, 2026

Shares of Cadence Design Systems, Inc. (NASDAQ:CDNS – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the sixteen analysts that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $405.6875.

Several equities analysts have issued reports on the company. Rosenblatt Securities boosted their target price on Cadence Design Systems from $410.00 to $420.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. Oppenheimer restated a “market perform” rating and issued a $300.00 price target on shares of Cadence Design Systems in a research note on Tuesday, July 28th. Robert W. Baird upped their price objective on Cadence Design Systems from $415.00 to $420.00 and gave the stock an “outperform” rating in a report on Tuesday, July 28th. Wells Fargo & Company increased their price objective 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. Finally, Bank of America upped their price target on shares of Cadence Design Systems from $400.00 to $420.00 and gave the stock a “buy” rating in a research note on Tuesday, July 28th.

Read Our Latest Research Report on CDNS

Insider Activity

In other news, VP Paul Scannell sold 280 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $339.00, for a total transaction of $94,920.00. Following the sale, the vice president owned 31,720 shares of the company’s stock, valued at $10,753,080. The trade was a 0.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ita M. Brennan sold 180 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $387.45, for a total value of $69,741.00. Following the completion of the transaction, the director directly owned 8,004 shares of the company’s stock, valued at $3,101,149.80. The trade was a 2.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 7,221 shares of company stock valued at $2,570,606 in the last quarter. Insiders own 0.49% of the company’s stock.

Institutional Trading of Cadence Design Systems

Several large investors have recently bought and sold shares of CDNS. California State Teachers Retirement System grew its stake in Cadence Design Systems by 37,856.6% in the 2nd quarter. California State Teachers Retirement System now owns 154,968,502 shares of the software maker’s stock valued at $58,162,778,000 after acquiring an additional 154,560,224 shares during the last quarter. Norges Bank acquired a new position in Cadence Design Systems during the fourth quarter worth about $1,352,922,000. J. Stern & Co. LLP lifted its holdings in shares of Cadence Design Systems by 10,159.3% in the fourth quarter. J. Stern & Co. LLP now owns 2,953,256 shares of the software maker’s stock valued at $923,129,000 after purchasing an additional 2,924,470 shares in the last quarter. Legal & General Group Plc purchased a new stake in shares of Cadence Design Systems in the second quarter valued at about $702,615,000. Finally, Jupiter Topco LLC acquired a new stake in shares of Cadence Design Systems in the second quarter valued at approximately $688,746,000. Institutional investors and hedge funds own 84.85% of the company’s stock.

Cadence Design Systems Price Performance

Shares of Cadence Design Systems stock opened at $292.70 on Monday. Cadence Design Systems has a one year low of $262.75 and a one year high of $416.69. The company has a market cap of $80.61 billion, a P/E ratio of 58.19, a PEG ratio of 3.14 and a beta of 1.14. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.53 and a current ratio of 1.74. The firm has a fifty day moving average of $341.57 and a two-hundred day moving average of $334.06.

Cadence Design Systems (NASDAQ:CDNS – Get Free Report) last issued its earnings results on Monday, July 27th. The software maker reported $2.11 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.06. The business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.58 billion. Cadence Design Systems had a net margin of 23.60% and a return on equity of 27.98%. The business’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.65 earnings per share. 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. On average, analysts forecast that Cadence Design Systems will post 6.4 earnings per share for the current year.

Cadence Design Systems Company Profile

(Get Free Report)

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.