Griffin Securities Has Strong Estimate for CDNS Q1 Earnings

Cadence Design Systems, Inc. (NASDAQ:CDNS) – Equities researchers at Griffin Securities increased their Q1 2025 earnings per share (EPS) estimates for shares of Cadence Design Systems in a report released on Wednesday, February 19th. Griffin Securities analyst J. Vleeschhouwer now expects that the software maker will post earnings per share of $1.13 for the quarter, up from their prior forecast 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 earnings results on Tuesday, February 18th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.33). Cadence Design Systems had a return on equity of 29.24% and a net margin of 22.74%. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.35 billion.

A number of other equities analysts have also issued reports on CDNS. Mizuho raised their price target on shares of Cadence Design Systems from $325.00 to $350.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Robert W. Baird reduced their price objective on Cadence Design Systems from $340.00 to $335.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Piper Sandler lifted their price objective on Cadence Design Systems from $318.00 to $328.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Redburn Atlantic started coverage on Cadence Design Systems in a research note on Monday, January 13th. They set a “buy” rating and a $350.00 price objective for the company. Finally, Needham & Company LLC reiterated a “buy” rating and set a $325.00 price objective on shares of Cadence Design Systems in a research note on Wednesday, February 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $326.92.

Cadence Design Systems Stock Performance

CDNS opened at $248.90 on Monday. Cadence Design Systems has a 12-month low of $241.29 and a 12-month high of $328.99. The company has a current ratio of 2.93, a quick ratio of 2.27 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $68.26 billion, a PE ratio of 64.48, a P/E/G ratio of 3.88 and a beta of 1.03. The firm has a 50 day moving average of $298.08 and a two-hundred day moving average of $287.22.

Insider Activity at Cadence Design Systems

In related news, VP Paul Cunningham sold 650 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $306.19, for a total transaction of $199,023.50. Following the completion of the transaction, the vice president now owns 60,461 shares in the company, valued at $18,512,553.59. This represents a 1.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Paul Scannell sold 3,171 shares of Cadence Design Systems stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $305.78, for a total value of $969,628.38. Following the completion of the sale, the vice president now owns 14,318 shares in the company, valued at approximately $4,378,158.04. The trade was a 18.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 108,416 shares of company stock worth $33,538,875 in the last 90 days. Corporate insiders own 1.99% of the company’s stock.

Institutional Trading of Cadence Design Systems

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Cadence Design Systems by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 25,909,187 shares of the software maker’s stock worth $7,784,674,000 after purchasing an additional 201,340 shares in the last quarter. State Street Corp increased its position in shares of Cadence Design Systems by 0.5% during the third quarter. State Street Corp now owns 11,922,747 shares of the software maker’s stock worth $3,231,422,000 after purchasing an additional 60,490 shares in the last quarter. Jennison Associates LLC increased its position in shares of Cadence Design Systems by 5.3% during the fourth quarter. Jennison Associates LLC now owns 8,010,251 shares of the software maker’s stock worth $2,406,760,000 after purchasing an additional 404,076 shares in the last quarter. FMR LLC grew its stake in Cadence Design Systems by 8.7% during the 4th quarter. FMR LLC now owns 7,978,652 shares of the software maker’s stock valued at $2,397,266,000 after acquiring an additional 639,146 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Cadence Design Systems by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 6,021,405 shares of the software maker’s stock valued at $1,806,019,000 after acquiring an additional 135,251 shares in the last quarter. 84.85% of the stock is currently owned by hedge funds and other institutional investors.

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.