Griffin Securities Has Bullish Outlook for CDNS Q1 Earnings

Cadence Design Systems, Inc. (NASDAQ:CDNS) – Stock analysts at Griffin Securities boosted their Q1 2025 EPS estimates for shares of Cadence Design Systems in a research report issued to clients and investors on Wednesday, February 19th. Griffin Securities analyst J. Vleeschhouwer now expects that the software maker will post earnings of $1.13 per share for the quarter, up from their previous 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.

Several other equities analysts have also issued reports on the company. Redburn Atlantic initiated coverage on Cadence Design Systems in a research note on Monday, January 13th. They issued a “buy” rating and a $350.00 target price on the stock. StockNews.com lowered Cadence Design Systems from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Mizuho lifted their target price on shares of Cadence Design Systems from $325.00 to $350.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Bank of America cut their price target on shares of Cadence Design Systems from $365.00 to $350.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. Finally, Loop Capital dropped their price objective on shares of Cadence Design Systems from $360.00 to $340.00 and set a “buy” rating on the stock in a report 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 company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $326.92.

Cadence Design Systems Stock Performance

Shares of CDNS stock opened at $258.27 on Monday. Cadence Design Systems has a 52-week low of $241.29 and a 52-week high of $328.99. The company’s 50 day moving average is $300.54 and its 200 day moving average is $287.48. The firm has a market cap of $70.83 billion, a price-to-earnings ratio of 66.91, a PEG ratio of 3.88 and a beta of 1.03. The company has a quick ratio of 2.27, a current ratio of 2.93 and a debt-to-equity ratio of 0.53.

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

Insiders Place Their Bets

In other news, CEO Anirudh Devgan sold 5,920 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were 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 $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 is available through this link. Also, CFO John M. Wall sold 4,224 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $309.03, for a total transaction of $1,305,342.72. Following the completion of the transaction, the chief financial officer now owns 29,248 shares of the company’s stock, valued at approximately $9,038,509.44. This represents a 12.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 108,416 shares of company stock valued at $33,538,875. Company insiders own 1.99% of the company’s stock.

Institutional Investors Weigh In On Cadence Design Systems

A number of institutional investors have recently modified their holdings of CDNS. Mackenzie Financial Corp raised its holdings in Cadence Design Systems by 1.0% in the 4th quarter. Mackenzie Financial Corp now owns 1,286,331 shares of the software maker’s stock worth $386,491,000 after purchasing an additional 13,280 shares during the period. Baer Investment Advisory LLC acquired a new position in Cadence Design Systems during the fourth quarter worth about $2,589,000. Toronto Dominion Bank grew its position in shares of Cadence Design Systems by 3.7% in the fourth quarter. Toronto Dominion Bank now owns 156,061 shares of the software maker’s stock valued at $46,890,000 after purchasing an additional 5,551 shares in the last quarter. Blue Sky Capital Consultants Group Inc. acquired a new stake in shares of Cadence Design Systems in the 4th quarter worth $267,000. Finally, GF Fund Management CO. LTD. acquired a new stake in Cadence Design Systems during the fourth quarter worth about $26,266,000. 84.85% of the stock is currently owned by institutional investors and hedge funds.

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.