Gold prices steady ahead of Fed decision; weekly weakness noted
SAN JOSE, Calif.—Ita M. Brennan, a director at Cadence Design Systems Inc. (NASDAQ:CDNS), reported the sale of 180 shares of the company’s common stock on June 10, according to a recent SEC filing. The company, currently valued at $83.75 billion, maintains impressive gross profit margins of 86% and trades near its 52-week high of $329. The transactions were executed under a pre-established Rule 10b5-1 trading plan, with prices ranging from $301.67 to $305.48 per share. The total value of the sales amounted to approximately $54,720. Following these transactions, Brennan holds 8,010 shares in the company. InvestingPro analysis reveals 15+ additional investment insights and a comprehensive research report for this high-performing technology stock.
In other recent news, Cadence Design Systems reported first-quarter 2025 revenues of approximately $1.242 billion, reflecting a year-over-year increase of around 23%. This revenue slightly exceeded analyst estimates, including those from Rosenblatt Securities. Rosenblatt adjusted its price target for Cadence to $300 while maintaining a Neutral rating on the stock. Cadence also announced a collaboration with NVIDIA (NASDAQ:NVDA) to offer engineering design solutions on an industrial AI cloud, aiming to accelerate performance significantly. The company’s new Millennium M2000 Supercomputer, integrated with NVIDIA technology, promises to enhance simulation speeds and efficiency across various sectors. Additionally, Cadence launched the Tensilica NeuroEdge 130 AI Co-Processor, designed to improve neural processing unit performance in system-on-chip applications. Meanwhile, Cadence is navigating new U.S. export controls to China, seeking further clarification on licensing requirements. Despite these regulatory challenges, Cadence continues to experience strong global business momentum.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.