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SAN JOSE, CA—Karna Nisewaner, Senior Vice President and General Counsel at Cadence Design Systems Inc. (NASDAQ:CDNS), a $71 billion market cap technology company with impressive 86% gross profit margins, has recently sold a portion of the company’s stock. According to InvestingPro analysis, the company is currently trading above its Fair Value. According to a recent SEC filing, Nisewaner sold 1,850 shares of common stock on March 17, 2025, at a price of $246.25 per share, amounting to a total transaction value of $455,562.
In addition to the sale, the report also indicated other transactions involving the executive. Shares were withheld to satisfy tax obligations from the vesting of performance-based stock awards, involving 1,737 and 232 shares at a price of $255.11 per share. These transactions amounted to a total of $1,128,351.
Furthermore, Nisewaner acquired performance-based restricted stock units that met performance criteria, totaling 14,850 shares. These acquisitions were recorded at no cost.
Following these transactions, Nisewaner holds 23,941 shares of Cadence Design Systems common stock.
In other recent news, Cadence Design Systems has expanded its collaboration with NVIDIA (NASDAQ:NVDA) to advance computing and AI technologies. This partnership has resulted in significant performance enhancements, including a reduction in computational fluid dynamics simulation times by up to 80 times and acceleration in 3D-IC design analysis by up to 7 times. Cadence’s recent financial guidance for 2025 forecasts $5.180 billion in revenue, slightly below the consensus estimate. Despite this, Piper Sandler raised its price target for Cadence to $328, maintaining an Overweight rating, citing potential positive investor reception outside of China.
KeyBanc Capital Markets reaffirmed its Overweight rating on Cadence with a price target of $355, noting a record backlog growth, which it views as a solid performance indicator. Meanwhile, Loop Capital adjusted its price target for Cadence to $340 from $360, maintaining a Buy rating, despite the company’s fiscal year 2025 revenue guidance falling below expectations. In another development, Silvaco Group acquired Cadence’s Process Proximity Compensation product line, aiming to enhance its computational lithography capabilities.
The acquisition aligns with Silvaco’s strategy to advance its AI-based computational platform and expand its market opportunities. These recent developments highlight Cadence’s ongoing efforts to push technological boundaries and improve its market position.
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