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Paul Cunningham, Senior Vice President at Cadence Design Systems Inc. (NASDAQ:CDNS), sold 650 shares of the company’s common stock on April 1, 2025. The shares were sold at a price of $252.64 each, totaling $164,216. Following the transaction, Cunningham retains ownership of 108,799 shares. The sale comes as InvestingPro data shows CDNS trading near its Fair Value, with the stock down nearly 12% year-to-date. The company maintains strong financial health, boasting impressive gross profit margins of 86% and a solid current ratio of 2.93. The sale was conducted under a Rule 10b5-1 Trading Plan, which Cunningham adopted on March 12, 2024. Analysts maintain a bullish outlook on CDNS, with price targets ranging from $200 to $355, though 11 analysts have recently revised their earnings expectations downward for the upcoming period.
In other recent news, Cadence Design Systems has reported notable developments, including its collaboration with NVIDIA (NASDAQ:NVDA) to enhance AI and computing solutions. This partnership has led to significant improvements in performance, such as reducing computational fluid dynamics simulation times by up to 80 times. Furthermore, Cadence’s Spectre X Simulator has experienced a speed increase of up to 10 times, showcasing the impact of this collaboration. In another development, Silvaco has acquired Cadence’s optical correction tools, aiming to strengthen its computational lithography capabilities. This acquisition is expected to bolster Silvaco’s market position and enhance its semiconductor manufacturing solutions.
Analysts have also adjusted their outlook on Cadence Design Systems. Piper Sandler raised the company’s price target to $328, maintaining an Overweight rating, despite the company’s 2025 revenue guidance being slightly below consensus estimates. KeyBanc Capital Markets reaffirmed its Overweight rating with a price target of $355, highlighting Cadence’s strong fourth-quarter backlog of $6.8 billion. Meanwhile, Loop Capital reduced its price target to $340 but maintained a Buy rating, noting the company’s strong fourth-quarter bookings of $2.6 billion. These recent developments reflect Cadence’s ongoing strategic moves and the varied analyst perspectives on its future performance.
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