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Director Ita M Brennan of Cadence Design Systems Inc (NASDAQ:CDNS), a company with a substantial market capitalization of $93.89 billion, sold 180 shares of common stock on September 10, 2025, for a total of $60,212. The sales occurred at prices ranging from $328.65 to $348.53. According to InvestingPro analysis, CDNS is currently trading above its Fair Value, with the stock showing impressive returns of 48% over the past six months.
Following the transactions, Brennan directly owns 7,830 shares of Cadence Design Systems Inc.
The sales were executed under a Rule 10b5-1 trading plan adopted on December 12, 2024.
In other recent news, Cadence Design Systems has entered into a definitive agreement to acquire Hexagon’s Design & Engineering business for approximately €2.7 billion, with the transaction expected to close in early 2026. This acquisition will be financed with 70% cash and 30% Cadence common stock. Additionally, Cadence recently completed its acquisition of the Arm Artisan foundation IP business, enhancing its design IP portfolio and strengthening its system-on-chip design capabilities.
In the realm of analyst activity, Stifel has reiterated its Buy rating and a $395 price target on Cadence, citing the company’s strategic focus on AI-first silicon and system design. Berenberg also raised its price target on Cadence to $400, maintaining a Buy rating after the company’s strong second-quarter earnings report, which exceeded expectations. Moreover, Cadence has unveiled a new Dynamic Power Analysis App developed with NVIDIA, aimed at providing accurate power analysis for AI chip designs.
These developments highlight Cadence’s ongoing efforts to expand its capabilities and market presence in the semiconductor design industry.
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