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Sr. Vice President of Cadence Design Systems Inc (NASDAQ:CDNS), Chin-Chi Teng, sold 5,800 shares of common stock on November 6, 2025, for $324.94, totaling $1,884,652. The transaction occurred near the stock’s current price of $325.14, which is approximately 14% below the 52-week high of $376.44. According to InvestingPro, Cadence currently trades at a high P/E ratio of 83.7, suggesting the company is considered overvalued by traditional metrics.
On the same day, Teng also exercised options to acquire a total of 2,400 shares of Cadence Design Systems stock in two separate transactions. These transactions involved the exercise of stock options at prices of $78.76 and $138.02, resulting in a total value of $212,728.Cadence Design Systems maintains impressive gross profit margins of 85.5% and has achieved strong five-year returns for investors. With a market capitalization of $88.5 billion and an overall financial health score rated as "GOOD" by InvestingPro, the company is among 1,400+ US equities with comprehensive Pro Research Reports that transform complex Wall Street data into actionable intelligence for smarter investing decisions.
In other recent news, Cadence Design Systems reported its third-quarter 2025 earnings, exceeding analysts’ expectations with an earnings per share of $1.93, compared to the projected $1.79. The company’s revenue reached $1.34 billion, surpassing both Rosenblatt’s forecast of $1,320.9 million and consensus estimates of $1,322.8 million, marking a 10% year-over-year growth. In addition to the strong financial performance, Cadence completed its acquisition of Secure-IC, a provider of embedded security solutions, which is expected to enhance its position in sectors like automotive and aerospace. Analyst firms have responded positively to these developments; Wolfe Research raised its price target for Cadence to $385, maintaining an Outperform rating, while Rosenblatt increased its target to $335, keeping a Neutral rating. KeyBanc Capital Markets reiterated its Overweight rating, highlighting Cadence’s record backlog and setting a price target of $405. The company’s Intellectual Property and Hardware segments have shown particular strength, contributing to an expanding backlog of $7 billion. These recent developments underscore Cadence’s robust performance and strategic growth initiatives.
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