Q1 EPS Forecast for Cadence Design Systems Lifted by Analyst

Cadence Design Systems, Inc. (NASDAQ:CDNS) – Research analysts at Griffin Securities lifted their Q1 2025 earnings estimates for shares of Cadence Design Systems in a research report issued on Wednesday, February 19th. Griffin Securities analyst J. Vleeschhouwer now anticipates that the software maker will earn $1.13 per share for the quarter, up from their previous estimate of $1.10. The consensus estimate for Cadence Design Systems’ current full-year earnings is $5.41 per share. Griffin Securities also issued estimates for Cadence Design Systems’ Q2 2025 earnings at $1.23 EPS, Q4 2025 earnings at $1.52 EPS, Q1 2026 earnings at $1.26 EPS, Q2 2026 earnings at $1.45 EPS, Q3 2026 earnings at $1.50 EPS, Q4 2026 earnings at $1.84 EPS and FY2026 earnings at $6.07 EPS.

Cadence Design Systems (NASDAQ:CDNS) last issued its quarterly earnings data on Tuesday, February 18th. The software maker reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.33). Cadence Design Systems had a net margin of 22.74% and a return on equity of 29.24%. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.35 billion.

A number of other research analysts also recently weighed in on the company. Mizuho increased their target price on Cadence Design Systems from $325.00 to $350.00 and gave the company an “outperform” rating in a report on Friday, December 13th. StockNews.com cut shares of Cadence Design Systems from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Redburn Atlantic assumed coverage on shares of Cadence Design Systems in a research report on Monday, January 13th. They set a “buy” rating and a $350.00 target price for the company. Wells Fargo & Company assumed coverage on shares of Cadence Design Systems in a research report on Friday, November 22nd. They issued an “overweight” rating and a $350.00 price target on the stock. Finally, Piper Sandler lifted their price target on shares of Cadence Design Systems from $318.00 to $328.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Cadence Design Systems currently has an average rating of “Moderate Buy” and an average price target of $326.92.

Cadence Design Systems Stock Performance

CDNS stock opened at $258.27 on Monday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.93 and a quick ratio of 2.27. Cadence Design Systems has a 1 year low of $241.29 and a 1 year high of $328.99. The company has a market cap of $70.83 billion, a P/E ratio of 66.91, a price-to-earnings-growth ratio of 3.88 and a beta of 1.03. The stock’s fifty day moving average price is $300.54 and its 200-day moving average price is $287.48.

Insider Buying and Selling

In related news, CEO Anirudh Devgan sold 5,920 shares of Cadence Design Systems stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $304.04, for a total transaction of $1,799,916.80. Following the sale, the chief executive officer now owns 55,874 shares of the company’s stock, valued at approximately $16,987,930.96. This trade represents a 9.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Paul Cunningham sold 650 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $292.32, for a total value of $190,008.00. Following the completion of the transaction, the vice president now owns 58,773 shares of the company’s stock, valued at $17,180,523.36. The trade was a 1.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 108,416 shares of company stock valued at $33,538,875. Company insiders own 1.99% of the company’s stock.

Hedge Funds Weigh In On Cadence Design Systems

Hedge funds have recently modified their holdings of the stock. Swedbank AB lifted its stake in Cadence Design Systems by 15.1% in the 3rd quarter. Swedbank AB now owns 1,753,814 shares of the software maker’s stock worth $475,336,000 after purchasing an additional 230,672 shares in the last quarter. Private Advisor Group LLC increased its holdings in shares of Cadence Design Systems by 31.2% in the third quarter. Private Advisor Group LLC now owns 10,332 shares of the software maker’s stock worth $2,800,000 after purchasing an additional 2,457 shares during the last quarter. Dakota Wealth Management lifted its position in shares of Cadence Design Systems by 1.8% in the third quarter. Dakota Wealth Management now owns 2,644 shares of the software maker’s stock worth $717,000 after buying an additional 47 shares in the last quarter. Allworth Financial LP boosted its stake in Cadence Design Systems by 9.7% during the third quarter. Allworth Financial LP now owns 777 shares of the software maker’s stock valued at $211,000 after buying an additional 69 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in Cadence Design Systems by 31.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 106,345 shares of the software maker’s stock valued at $29,152,000 after buying an additional 25,253 shares in the last quarter. Hedge funds and other institutional investors own 84.85% of the company’s stock.

Cadence Design Systems Company Profile

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.