Texas Roadhouse earnings missed by $0.05, revenue topped estimates
San Jose, Calif. - Paul Cunningham, Senior Vice President at Cadence Design Systems Inc (NASDAQ:CDNS), a $98 billion market cap company with a GREAT financial health score according to InvestingPro, sold 1,000 shares of common stock on August 1, 2025, at a price of $358.72, according to a Form 4 filing with the Securities and Exchange Commission.
The total value of the sale amounted to $358,720. Following the transaction, Cunningham directly owns 104,499 shares of Cadence Design Systems. The stock is currently trading near its 52-week high of $376.44, with impressive returns of 46% over the past year.
The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted by Cunningham on March 14, 2025. Analysts maintain a bullish outlook on CDNS, with price targets ranging from $200 to $410. For deeper insights and additional analysis, access the comprehensive Pro Research Report available on InvestingPro, which covers over 1,400 top US stocks.
In other recent news, Cadence Design Systems has reported strong second-quarter 2025 earnings, which have led several analyst firms to raise their price targets for the company. The company reported revenue of $1.275 billion, surpassing consensus estimates of $1.250 billion and marking a 20% increase year-over-year. Adjusted earnings per share reached $1.65, exceeding the $1.56 consensus estimate and representing a 29% increase from the previous year. Berenberg raised its price target to $400, noting the company’s "solid beat-and-raise" performance. Stifel also increased its target to $395, while KeyBanc set a new target of $405, highlighting Cadence’s best hardware quarter on record. Loop Capital and Needham both raised their targets to $390, citing strong results despite challenges such as a U.S. export ban affecting revenue. These recent developments reflect a positive outlook from analysts regarding Cadence Design Systems’ financial performance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.