Sr. VP Paul Cunningham sells $554k in Cadence Design Systems stock By Investing.com

Paul Cunningham, Senior Vice President at Cadence Design Systems Inc. (), sold 2,000 shares of common stock for a total value of $554,240 on September 15, 2026. The shares were sold at a price of $277.12 each. This transaction was executed pursuant to a Rule 10b5-1 trading plan adopted by Mr. Cunningham on March 16, 2026.The sale comes as CDNS stock trades near $281, down 19% over the past year, though InvestingPro analysis suggests the stock remains undervalued at current levels. The company maintains a market cap of $77 billion and trades at a P/E ratio of 55.4.

On the same date, Mr. Cunningham also acquired 1,000 shares of common stock through the exercise of non-qualified stock options at an exercise price of $138.02 per share, totaling $138,020. These options had vested at a rate of 1/48th per month starting on March 25, 2021. Additionally, 793 shares were withheld to satisfy tax obligations arising from the vesting of a Performance Stock Award, valued at $217,250 based on a price of $273.96 per share.

In other recent news, Cadence Design Systems reported strong second-quarter fiscal 2026 results, with revenue reaching $1.584 billion, marking a 24% increase year-over-year. This performance was in line with Wall Street expectations, and the company’s adjusted earnings per share surpassed the consensus estimate, coming in at $2.11 compared to the anticipated $2.05. The adjusted operating margin also exceeded expectations at 45.5%. Following these results, Cadence raised its full-year 2026 revenue guidance significantly. Several analyst firms have responded positively to these developments. Benchmark reiterated a Buy rating with a $450 price target, while Stifel also maintained its Buy rating with a $432 price target. Piper Sandler raised its price target to $349, citing growth in Core EDA, IP, and Hardware. Additionally, KeyBanc reiterated an Overweight rating, highlighting the substantial increase in the company’s revenue guidance. FBN Securities initiated coverage with an outperform rating, setting a price target of $375.

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