CDNS
Cadence Design Systems, Inc.
NasdaqGSUSDEQUITY
Technology
DELAYED
Last price
319.78
▲ 6.19 (1.97%)
MARKET · —
Price
Open
318.45
Prev close
313.59
Day high
319.78
Day low
312.15
Volume
2.11M
Market cap
$87.86B
P/E (TTM)
62.55
52W range
262.75 – 416.69
Trailing performance
Returnvs SPY
1W
-1.79%
-0.4%
1M
-3.46%
-7.2%
3M
-11.00%
-14.1%
6M
+7.68%
-3.4%
YTD
+2.06%
-10.2%
1Y
-7.65%
-27.6%
3Y
+42.90%
-31.3%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap$87.86B
Enterprise value$88.98B
Revenue (TTM)$5.84B
Gross profit$5.01B
EBITDA$2.16B
Net income$1.38B
EPS (TTM)$5.10
Free cash flow$1.61B
Total cash$1.53B
Total debt$2.65B
Book value / share$24.90
Shares outstanding275.39M
Float274.15M
Short % of float2.23%
Dividend yield—
Beta (5Y)1.14
Valuation & profitability ratios
Trailing P/E62.55
Forward P/E33.46
PEG ratio2.85
Price / sales—
Price / book12.81
EV / revenue15.24
EV / EBITDA41.27
Gross margin85.87%
Operating margin28.57%
Profit margin23.61%
Return on equity23.23%
Return on assets10.61%
Debt / equity38.66
Current ratio1.74
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Total revenue | $5.30B | $4.64B | $4.09B | $3.56B |
| Cost of revenue | $0 | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 | $0 |
| R&D | — | — | — | — |
| SG&A | — | — | — | — |
| Operating income | — | — | — | — |
| Pre-tax income | — | — | — | — |
| Tax provision | $0 | $0 | $0 | $0 |
| Net income | $1.11B | $1.06B | $1.04B | $848.95M |
| EBIT | $0 | $0 | $0 | $0 |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Cash & equivalents | — | — | — | — |
| Short-term investments | — | — | — | — |
| Net receivables | — | — | — | — |
| Inventory | — | — | — | — |
| Total current assets | — | — | — | — |
| Total assets | — | — | — | — |
| Total current liabilities | — | — | — | — |
| Long-term debt | — | — | — | — |
| Total liabilities | — | — | — | — |
| Retained earnings | — | — | — | — |
| Shareholder equity | — | — | — | — |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Net income | $1.11B | $1.06B | $1.04B | $848.95M |
| Depreciation | — | — | — | — |
| Change in working capital | — | — | — | — |
| Operating cash flow | — | — | — | — |
| Capital expenditure | — | — | — | — |
| Investing cash flow | — | — | — | — |
| Dividends paid | — | — | — | — |
| Buybacks | — | — | — | — |
| Financing cash flow | — | — | — | — |
| Net change in cash | — | — | — | — |
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 2.06 | 2.11 | +2.7% |
| Mar 2026 | 1.89 | 1.96 | +4.0% |
| Dec 2025 | 1.91 | 1.99 | +4.1% |
| Sep 2025 | 1.79 | 1.93 | +7.9% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 2.05 | 18 | $1.61B | +20.4% |
| Next quarter | 2.02 | 18 | $1.64B | +14.1% |
| Current year | 4.80 | 12 | $6.32B | +19.3% |
| Next year | 9.54 | 25 | $7.16B | +13.3% |
Analyst targets & ownership
Mean target$403.94
High target$470.00
Low target$300.00
Implied upside26.32%
Analyst count27
ConsensusSTRONG BUY
Strong buy / Buy5 / 17
Hold3
Sell / Strong sell0 / 0
Held by insiders0.33%
Held by institutions91.77%
Institutions holding2.21K
Price targets, consensus spread, insider and institutional ownership.
Insider net activity
Net shares
+337.03K
Net buying
Buy transactions
36
536.37K shares
Sell transactions
21
199.33K shares
Net transactions
+57
Buys less sells
Sell : buy shares
0.4 : 1
Mixed
Insider-held shares
906.04K
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Aug 17, 26 | CUNNINGHAM PAUL ALEXANDER Officer |
SELL | 2.00K | $646.64K | Direct |
| Aug 17, 26 | CUNNINGHAM PAUL ALEXANDER Officer |
CONVERSION | 1.00K | $138.02K | Direct |
| Jul 30, 26 | SOHN YOUNG K Director |
STOCK | 9 | $0 | Direct |
| Jul 22, 26 | TENG CHIN-CHI Officer |
SELL | 4.50K | $1.53M | Direct |
| Jul 22, 26 | TENG CHIN-CHI Officer |
CONVERSION | 1.00K | $202.94K | Direct |
| Jul 15, 26 | CUNNINGHAM PAUL ALEXANDER Officer |
SELL | 2.00K | $766.72K | Direct |
| Jul 15, 26 | CUNNINGHAM PAUL ALEXANDER Officer |
CONVERSION | 1.00K | $138.02K | Direct |
| Jun 22, 26 | TENG CHIN-CHI Officer |
SELL | 4.50K | $1.73M | Direct |
| Jun 22, 26 | TENG CHIN-CHI Officer |
CONVERSION | 1.00K | $202.94K | Direct |
| Jun 15, 26 | CUNNINGHAM PAUL ALEXANDER Officer |
SELL | 2.00K | $782.00K | Direct |
| Jun 15, 26 | CUNNINGHAM PAUL ALEXANDER Officer |
CONVERSION | 1.00K | $138.02K | Direct |
| Jun 11, 26 | PLUMMER JAMES D Director |
SELL | 1.51K | $576.21K | Indirect |
| Jun 10, 26 | BRENNAN ITA M Director |
SELL | 180 | $69.74K | Direct |
| Jun 2, 26 | DEVGAN ANIRUDH Chief Executive Officer |
SELL | 76.83K | $30.85M | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
CUNNINGHAM PAUL ALEXANDER |
Officer | 124.59K | Sale |
DEVGAN ANIRUDH |
Chief Executive Officer | 253.52K | Sale |
NISEWANER KARNA |
General Counsel | 23.94K | Sale |
PLUMMER JAMES D |
Director | — | Sale |
SANGIOVANNI VINCENTELLI ALBERTO |
Director | 42.04K | Stock Award(Grant) |
SCANNELL PAUL |
Officer | 32.18K | Sale |
SOHN YOUNG K |
Director | 15.24K | Stock Gift |
TAXAY MARC |
General Counsel | 25.40K | Stock Award(Grant) |
TENG CHIN-CHI |
Officer | 141.78K | Sale |
WALL JOHN M |
Chief Financial Officer | 81.88K | Sale |
Moving averages & technicals
SMA 10
321.87
-0.65% from price
SMA 20
329.96
-3.32% from price
SMA 50
353.85
-9.84% from price
SMA 100
347.35
-7.94% from price
SMA 200
327.08
-2.46% from price
EMA 12
323.58
-1.18% from price
EMA 26
333.55
-4.13% from price
EMA 50
342.60
-6.66% from price
RSI (14)
37.2
Neutral
MACD (12,26,9)
-9.97
Hist -0.33
ATR (14)
9.33
2.93% of price
Realised vol 30D
38.9%
Annualised
Bollinger upper
348.54
20, 2σ
Bollinger lower
311.38
20, 2σ
50 / 200 cross
Golden
353.85 vs 327.08
Trend bias
Below 200
-2.46%
Risk profile
Beta vs SPY
1.59
More volatile than market
Correlation to SPY
0.52
Loosely linked
Realised vol 30D
38.9%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-28.8%
Peak to trough
Max drawdown 5Y
-29.6%
Peak to trough
ATR 14
9.33
2.93% of price
Beta (reported)
1.14
5Y monthly, from filing
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Options analytics
Put / call volume
1.35
Put-heavy session
Put / call open interest
3.98
Positioning, not flow
Max pain
330.00
+3.4% from spot
ATM implied vol
45.2%
Nearest strike to spot
Skew (10% OTM)
+15.5%
Puts bid over calls
Call volume
450
Contracts, this expiry
Put volume
608
Contracts, this expiry
Heaviest call OI
330.00
222 contracts
Heaviest put OI
280.00
3.96K contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Headlines
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PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.