Rep. Gilbert Ray Cisneros, Jr. Sells Off Shares of Cadence Design Systems, Inc. (NASDAQ:CDNS)

Representative Gilbert Ray Cisneros, Jr. (D-California) recently sold shares of Cadence Design Systems, Inc. (NASDAQ:CDNS). In a filing disclosed on March 06th, the Representative disclosed that they had sold between $1,001 and $15,000 in Cadence Design Systems stock on February 26th. The trade occurred in the Representative's "150 MAIN STREET TRUST > BANK OF AMERICA" account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Sterling Infrastructure NASDAQ: STRL on 3/3/2025.
• Purchased $1,001 - $15,000 in shares of Hillman Solutions NASDAQ: HLMN on 3/3/2025.
• Sold $1,001 - $15,000 in shares of Ford Motor NYSE: F on 2/26/2025.
• Purchased $1,001 - $15,000 in shares of Uber Technologies NYSE: UBER on 2/26/2025.
• Sold $15,001 - $50,000 in shares of UnitedHealth Group NYSE: UNH on 2/26/2025.
• Purchased $15,001 - $50,000 in shares of Microsoft NASDAQ: MSFT on 2/26/2025.
• Sold $1,001 - $15,000 in shares of General Motors NYSE: GM on 2/26/2025.
• Purchased $1,001 - $15,000 in shares of Tesla NASDAQ: TSLA on 2/26/2025.
• Sold $1,001 - $15,000 in shares of Akamai Technologies NASDAQ: AKAM on 2/26/2025.
• Sold $1,001 - $15,000 in shares of Danaher NYSE: DHR on 2/26/2025.

Cadence Design Systems Stock Performance

Shares of NASDAQ CDNS traded up $0.05 during mid-day trading on Friday, reaching $243.21. 2,405,879 shares of the company were exchanged, compared to its average volume of 1,766,864. Cadence Design Systems, Inc. has a twelve month low of $233.72 and a twelve month high of $328.99. The stock has a market capitalization of $66.67 billion, a P/E ratio of 63.01, a P/E/G ratio of 3.88 and a beta of 1.05. The company's 50-day simple moving average is $288.68 and its 200-day simple moving average is $285.44. The company has a quick ratio of 2.27, a current ratio of 2.93 and a debt-to-equity ratio of 0.53.

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Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.82 by ($0.33). The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.35 billion. Cadence Design Systems had a return on equity of 29.24% and a net margin of 22.74%. As a group, research analysts predict that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on CDNS shares. Rosenblatt Securities raised their price target on shares of Cadence Design Systems from $280.00 to $295.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. Wells Fargo & Company started coverage on Cadence Design Systems in a research report on Friday, November 22nd. They set an "overweight" rating and a $350.00 target price for the company. Mizuho boosted their price target on Cadence Design Systems from $325.00 to $350.00 and gave the company an "outperform" rating in a research note on Friday, December 13th. Robert W. Baird reduced their price objective on shares of Cadence Design Systems from $340.00 to $335.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. Finally, Loop Capital dropped their target price on shares of Cadence Design Systems from $360.00 to $340.00 and set a "buy" rating for the company in a research report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Cadence Design Systems currently has an average rating of "Moderate Buy" and a consensus price target of $326.92.

Insiders Place Their Bets

In other Cadence Design Systems news, VP Paul Cunningham sold 650 shares of the company's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $252.73, for a total value of $164,274.50. Following the sale, the vice president now owns 58,123 shares in the company, valued at approximately $14,689,425.79. The trade was a 1.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Paul Scannell sold 3,171 shares of the firm's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $305.78, for a total value of $969,628.38. Following the transaction, the vice president now owns 14,318 shares of the company's stock, valued at $4,378,158.04. This trade represents a 18.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 108,416 shares of company stock valued at $33,504,126 in the last ninety days. 1.99% of the stock is currently owned by insiders.

Institutional Trading of Cadence Design Systems

A number of hedge funds have recently added to or reduced their stakes in the stock. Avior Wealth Management LLC grew its position in Cadence Design Systems by 12.4% during the 4th quarter. Avior Wealth Management LLC now owns 326 shares of the software maker's stock worth $98,000 after acquiring an additional 36 shares during the last quarter. Accredited Investors Inc. grew its holdings in shares of Cadence Design Systems by 1.7% during the fourth quarter. Accredited Investors Inc. now owns 2,176 shares of the software maker's stock worth $654,000 after purchasing an additional 36 shares during the last quarter. Principal Street Partners LLC increased its stake in shares of Cadence Design Systems by 2.6% in the fourth quarter. Principal Street Partners LLC now owns 1,455 shares of the software maker's stock valued at $437,000 after buying an additional 37 shares during the period. Lindbrook Capital LLC raised its holdings in Cadence Design Systems by 1.7% in the 4th quarter. Lindbrook Capital LLC now owns 2,230 shares of the software maker's stock valued at $670,000 after buying an additional 38 shares during the last quarter. Finally, Oarsman Capital Inc. boosted its position in Cadence Design Systems by 3.8% during the 4th quarter. Oarsman Capital Inc. now owns 1,042 shares of the software maker's stock worth $313,000 after buying an additional 38 shares during the period. Institutional investors and hedge funds own 84.85% of the company's stock.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California's 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California's 31st Congressional District. He declared candidacy for the 2026 election. Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor's degree in political science from George Washington University in 1994, a master's in business administration from Regis University in 2002, and a master's degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

Cadence Design Systems Company Profile

Cadence Design Systems, Inc provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification.