Brokers Offer Predictions for Cadence Design Systems, Inc.’s Q1 2025 Earnings (NASDAQ:CDNS)

Cadence Design Systems, Inc. (NASDAQ:CDNS) – Investment analysts at Griffin Securities boosted their Q1 2025 earnings estimates for shares of Cadence Design Systems in a report released on Tuesday, April 23rd. Griffin Securities analyst J. Vleeschhouwer now expects that the software maker will post earnings of $1.17 per share for the quarter, up from their previous forecast of $1.12. The consensus estimate for Cadence Design Systems’ current full-year earnings is $4.79 per share.

Several other brokerages have also recently commented on CDNS. Stifel Nicolaus boosted their target price on shares of Cadence Design Systems from $300.00 to $350.00 and gave the company a “buy” rating in a research report on Tuesday, February 13th. Robert W. Baird lifted their price target on shares of Cadence Design Systems from $302.00 to $322.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. Piper Sandler decreased their price target on shares of Cadence Design Systems from $334.00 to $318.00 and set a “neutral” rating on the stock in a report on Tuesday. Rosenblatt Securities reaffirmed a “neutral” rating and set a $280.00 price target on shares of Cadence Design Systems in a report on Monday, April 22nd. Finally, StockNews.com raised shares of Cadence Design Systems from a “hold” rating to a “buy” rating in a report on Wednesday. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $326.11.

Cadence Design Systems Price Performance

Shares of NASDAQ:CDNS opened at $282.41 on Thursday. The firm has a 50 day moving average of $303.85 and a 200-day moving average of $281.19. The stock has a market capitalization of $76.88 billion, a PE ratio of 73.54, a PEG ratio of 3.26 and a beta of 1.04. The company has a current ratio of 1.32, a quick ratio of 1.13 and a debt-to-equity ratio of 0.08. Cadence Design Systems has a 12 month low of $198.92 and a 12 month high of $327.36.

Cadence Design Systems (NASDAQ:CDNS) last issued its earnings results on Monday, April 22nd. The software maker reported $1.17 EPS for the quarter, beating the consensus estimate of $1.13 by $0.04. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1 billion. Cadence Design Systems had a net margin of 25.68% and a return on equity of 32.44%. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.02 EPS.

Insiders Place Their Bets

In other Cadence Design Systems news, Director Vincentelli Albert Sangiovanni sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $308.83, for a total transaction of $463,245.00. Following the sale, the director now directly owns 50,183 shares of the company’s stock, valued at approximately $15,498,015.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Cadence Design Systems news, Director Vincentelli Albert Sangiovanni sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $308.83, for a total transaction of $463,245.00. Following the sale, the director now directly owns 50,183 shares of the company’s stock, valued at approximately $15,498,015.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Aneel Zaman sold 1,207 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $303.90, for a total transaction of $366,807.30. Following the sale, the vice president now directly owns 61,150 shares in the company, valued at $18,583,485. The disclosure for this sale can be found here. Insiders have sold 173,044 shares of company stock valued at $52,231,207 in the last ninety days. 1.99% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Cadence Design Systems

A number of institutional investors have recently modified their holdings of CDNS. Ulland Investment Advisors LLC bought a new stake in shares of Cadence Design Systems in the 1st quarter valued at $25,000. OFI Invest Asset Management bought a new stake in shares of Cadence Design Systems in the 3rd quarter valued at $26,000. Valley National Advisers Inc. boosted its stake in shares of Cadence Design Systems by 90.4% in the 4th quarter. Valley National Advisers Inc. now owns 99 shares of the software maker’s stock valued at $26,000 after purchasing an additional 47 shares during the last quarter. Fortitude Family Office LLC bought a new stake in shares of Cadence Design Systems in the 4th quarter valued at $28,000. Finally, Annapolis Financial Services LLC bought a new stake in shares of Cadence Design Systems in the 1st quarter valued at $32,000. 84.85% of the stock is owned by institutional investors.

About Cadence Design Systems

Cadence Design Systems, Inc provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification.