Brokerages Set Cadence Design Systems, Inc. (NASDAQ:CDNS) Target Price at $386.59

Shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) have received an average rating of “Moderate Buy” from the seventeen analysts that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $386.5882.

Several brokerages recently weighed in on CDNS. Needham & Company LLC restated a “buy” rating and issued a $400.00 price target on shares of Cadence Design Systems in a research report on Tuesday, April 28th. Rosenblatt Securities restated a “buy” rating and issued a $360.00 price target on shares of Cadence Design Systems in a research report on Friday, April 24th. Piper Sandler boosted their price target on shares of Cadence Design Systems from $319.00 to $325.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 28th. Wells Fargo & Company boosted their price target on shares of 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, Berenberg Bank set a $440.00 price target on shares of Cadence Design Systems in a research report on Wednesday, May 27th.

Cadence Design Systems Stock Performance

Cadence Design Systems stock opened at $387.39 on Wednesday. The stock has a market cap of $106.85 billion, a P/E ratio of 90.30, a PEG ratio of 4.59 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. Cadence Design Systems has a 1 year low of $262.75 and a 1 year high of $416.69. The firm’s 50 day moving average price is $355.14 and its 200-day moving average price is $321.71.

Cadence Design Systems (NASDAQ:CDNS) last released its quarterly earnings data on Monday, April 27th. The software maker reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.05. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Cadence Design Systems had a net margin of 21.18% and a return on equity of 28.44%. The company’s revenue for the quarter was up 18.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.57 earnings per share. Cadence Design Systems has set its FY 2026 guidance at 7.850-7.950 EPS and its Q2 2026 guidance at 2.020-2.080 EPS. On average, equities analysts predict that Cadence Design Systems will post 6.23 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, VP Paul Cunningham sold 2,000 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $391.00, for a total value of $782,000.00. Following the sale, the vice president owned 126,586 shares in the company, valued at approximately $49,495,126. The trade was a 1.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible 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 business’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $387.45, for a total transaction of $69,741.00. Following the completion of the sale, the director owned 8,004 shares in the company, valued at $3,101,149.80. This represents a 2.20% decrease in their position. 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 a total of 179,557 shares of company stock valued at $67,205,642 in the last three months. Corporate insiders own 0.49% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Y.D. More Investments Ltd purchased a new position in Cadence Design Systems during the third quarter worth $26,000. Whipplewood Advisors LLC boosted its stake in Cadence Design Systems by 933.3% during the first quarter. Whipplewood Advisors LLC now owns 93 shares of the software maker’s stock worth $26,000 after buying 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 buying an additional 86 shares during the period. University of Texas Texas AM Investment Management Co. purchased a new position in Cadence Design Systems during the fourth quarter worth $28,000. Finally, Caitlin John LLC purchased a new position in Cadence Design Systems during the third quarter worth $29,000. 84.85% of the stock is owned by hedge funds and other institutional investors.

About Cadence Design Systems

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.