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SAN JOSE, CA—Paul Cunningham, Senior Vice President at Cadence Design Systems Inc. (NASDAQ:CDNS), a $67.27 billion market cap technology company with impressive gross profit margins of 86%, recently sold a portion of his holdings in the company. According to a recent filing, Cunningham sold 650 shares of common stock on March 3, 2025, at a price of $252.73 per share, totaling $164,274. The transaction comes as the stock trades near its 52-week low, having declined about 19% year-to-date. This transaction was conducted under a Rule 10b5-1 Trading Plan, which Cunningham adopted on March 12, 2024. Following this sale, Cunningham retains ownership of 58,123 shares in the company. InvestingPro analysis shows the company maintains strong financial health with a "GOOD" overall rating, offering deeper insights through its comprehensive Pro Research Report, which covers key metrics and expert analysis for informed investment decisions.
In other recent news, Silvaco Group, Inc. announced the acquisition of Cadence’s Process Proximity Compensation product line, which is expected to enhance Silvaco’s capabilities in computational lithography and strengthen its market position. Silvaco reported a record year for bookings and revenue in 2024, driven by demand for its digital twin modeling platform. The company anticipates the integration of Cadence’s optical correction tools will continue to deliver value throughout 2025. Meanwhile, Cadence Design Systems, Inc. has been the subject of several analyst updates following its recent earnings report. Piper Sandler raised Cadence’s price target to $328, noting an 11.6% revenue growth forecast for 2025, while KeyBanc maintained an Overweight rating with a $355 target, citing a record $6.8 billion backlog. Loop Capital adjusted its price target to $340, maintaining a Buy rating despite a fiscal year 2025 forecast below consensus expectations. Rosenblatt updated Cadence’s price target to $295, highlighting a 27% year-over-year revenue increase in the fourth quarter. Cadence’s revenue growth was supported by strong verification hardware cycles and expansion in its Systems business.
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