Equities Analysts Issue Forecasts for Cadence Design Systems, Inc.’s Q1 2025 Earnings (NASDAQ:CDNS)

Cadence Design Systems, Inc. (NASDAQ:CDNS) – Research analysts at Zacks Research cut their Q1 2025 earnings per share (EPS) estimates for shares of Cadence Design Systems in a report released on Thursday, April 18th. Zacks Research analyst V. Doshi now forecasts that the software maker will earn $1.16 per share for the quarter, down from their previous estimate of $1.17. The consensus estimate for Cadence Design Systems’ current full-year earnings is $4.82 per share. Zacks Research also issued estimates for Cadence Design Systems’ FY2026 earnings at $6.81 EPS.

Other analysts have also issued reports about the stock. Rosenblatt Securities lowered shares of Cadence Design Systems from a “buy” rating to a “neutral” rating and upped their price target for the company from $265.00 to $280.00 in a research report on Tuesday, February 13th. KeyCorp raised their price target on Cadence Design Systems from $335.00 to $340.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. StockNews.com cut Cadence Design Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, April 16th. Needham & Company LLC reissued a “buy” rating and set a $320.00 price objective on shares of Cadence Design Systems in a research note on Friday. Finally, Robert W. Baird lifted their target price on shares of Cadence Design Systems from $302.00 to $322.00 and gave the stock an “outperform” rating in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $318.10.

Cadence Design Systems Price Performance

CDNS stock opened at $280.25 on Friday. The firm has a market cap of $76.30 billion, a P/E ratio of 73.36, a P/E/G ratio of 3.47 and a beta of 1.04. The firm’s fifty day moving average is $305.52 and its 200 day moving average is $280.05. Cadence Design Systems has a 52 week low of $194.01 and a 52 week high of $327.36. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.13 and a current ratio of 1.24.

Cadence Design Systems (NASDAQ:CDNS) last issued its earnings results on Monday, February 12th. The software maker reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.05. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.06 billion. Cadence Design Systems had a return on equity of 35.57% and a net margin of 25.46%. Cadence Design Systems’s revenue for the quarter was up 18.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.75 earnings per share.

Insiders Place Their Bets

In other news, CEO Anirudh Devgan sold 1,454 shares of Cadence Design Systems stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $303.90, for a total transaction of $441,870.60. Following the sale, the chief executive officer now owns 136,455 shares of the company’s stock, valued at approximately $41,468,674.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Anirudh Devgan sold 1,454 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $303.90, for a total value of $441,870.60. Following the completion of the transaction, the chief executive officer now owns 136,455 shares of the company’s stock, valued at approximately $41,468,674.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Thomas P. Beckley sold 65,268 shares of Cadence Design Systems stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $296.98, for a total value of $19,383,290.64. Following the sale, the vice president now owns 156,156 shares in the company, valued at $46,375,208.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 177,544 shares of company stock worth $53,581,207. 1.99% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of CDNS. Teamwork Financial Advisors LLC grew its holdings in Cadence Design Systems by 40.0% in the first quarter. Teamwork Financial Advisors LLC now owns 35,151 shares of the software maker’s stock worth $10,942,000 after purchasing an additional 10,037 shares during the period. Marshall Financial Group LLC grew its stake in shares of Cadence Design Systems by 6.0% in the 1st quarter. Marshall Financial Group LLC now owns 4,656 shares of the software maker’s stock worth $1,449,000 after buying an additional 264 shares during the last quarter. ZRC Wealth Management LLC bought a new position in Cadence Design Systems during the 1st quarter valued at approximately $74,000. First Trust Direct Indexing L.P. raised its stake in Cadence Design Systems by 13.5% during the first quarter. First Trust Direct Indexing L.P. now owns 5,978 shares of the software maker’s stock valued at $1,861,000 after buying an additional 713 shares during the last quarter. Finally, Westside Investment Management Inc. bought a new stake in Cadence Design Systems in the first quarter worth $125,000. 84.85% of the stock is owned by hedge funds and other 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.