Cadence Design Systems, Inc. (NASDAQ:CDNS) Stock Has Consensus Target Price of $403.88 According to Analysts

Posted by Stanley Muller on Oct 2nd, 2026

Shares of Cadence Design Systems, Inc. (NASDAQ:CDNS – Get Free Report) have received an average rating of “Moderate Buy” from the sixteen research firms that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $404.12.

A number of research firms recently weighed in on CDNS. Weiss Ratings cut Cadence Design Systems from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, September 25th. Oppenheimer reissued a “market perform” rating and issued a $300.00 price objective on shares of Cadence Design Systems in a research report on Tuesday, July 28th. KeyCorp reaffirmed an “overweight” rating on shares of Cadence Design Systems in a report on Tuesday, July 28th. Wall Street Zen upgraded shares of Cadence Design Systems from a “hold” rating to a “buy” rating in a research report on Saturday, September 26th. Finally, Piper Sandler upped their target price on Cadence Design Systems from $325.00 to $349.00 and gave the company a “neutral” rating in a research report on Tuesday, July 28th.

Read Our Latest Stock Report on Cadence Design Systems

Insider Buying and Selling at Cadence Design Systems

In other news, VP Paul Cunningham sold 2,000 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $323.32, for a total value of $646,640.00. Following the completion of the transaction, the vice president owned 124,586 shares of the company’s stock, valued at approximately $40,281,145.52. This represents a 1.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 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 sale, the vice president directly owned 31,720 shares in the company, valued at approximately $10,753,080. This trade represents 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. In the last quarter, insiders have sold 5,710 shares of company stock worth $1,748,292. 0.49% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Cadence Design Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in CDNS. George Kaiser Family Foundation bought a new stake in Cadence Design Systems during the second quarter valued at approximately $725,000. MUFG Securities EMEA plc increased its holdings in shares of Cadence Design Systems by 113.9% in the 4th quarter. MUFG Securities EMEA plc now owns 11,159 shares of the software maker’s stock worth $3,488,000 after buying an additional 5,943 shares during the last quarter. Vega Investment Solutions bought a new position in shares of Cadence Design Systems in the 2nd quarter worth $1,957,000. Harvest Fund Management Co. Ltd raised its position in shares of Cadence Design Systems by 16.7% during the 4th 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 holdings in shares of Cadence Design Systems by 1.1% during the 4th quarter. National Pension Service now owns 751,923 shares of the software maker’s stock worth $235,036,000 after acquiring an additional 8,051 shares during the last quarter. 84.85% of the stock is currently owned by institutional investors and hedge funds.

Cadence Design Systems Trading Up 6.2%

Shares of NASDAQ:CDNS opened at $350.73 on Friday. Cadence Design Systems has a 52-week low of $262.75 and a 52-week high of $416.69. The company has a market capitalization of $96.59 billion, a P/E ratio of 69.73, a price-to-earnings-growth ratio of 3.54 and a beta of 1.13. The company has a 50-day simple moving average of $317.43 and a 200 day simple moving average of $334.74. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.53 and a current ratio of 1.74.

Cadence Design Systems (NASDAQ:CDNS – Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.58 billion. Cadence Design Systems had a return on equity of 27.98% and a net margin of 23.60%.The business’s revenue was up 24.2% compared to the same quarter last year. During the same quarter in the previous year, the business 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. Sell-side 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 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.

Analyst Recommendations for Cadence Design Systems (NASDAQ:CDNS)

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