Chin-Chi Teng Buys Shares of Cadence Design Systems
Cadence's Sr. VP Chin-Chi Teng acquired 1,000 shares, marking a significant insider transaction.
Key Points
- Chin-Chi Teng, Sr. Vice President at Cadence Design Systems, purchased 1,000 shares at $202.94 each on June 22, 2026.
- Cadence Design Systems, trading at $379.06 on Thursday, has a market cap of $107.3 billion and a P/E ratio of 90.47.
- Analysts from Stifel and Wells Fargo maintain a 'buy' rating with price targets of $432 and $425, respectively.
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Chin-Chi Teng, the Senior Vice President of Cadence Design Systems, Inc., made a notable insider purchase on June 22, 2026. Teng bought 1,000 shares of the company at an average price of $202.94, totaling $202,940. This transaction was not part of a pre-arranged trading plan.
Insider Buying and Selling at Cadence Design Systems, Inc.
Teng's recent purchase adds to his position within the company, highlighting his confidence in Cadence's future. On the same day, he also executed other transactions, including selling 1,000 shares at no cost, indicating these might be part of stock compensation. Additionally, Paul Cunningham, another Senior Vice President, sold 2,000 shares on June 15, 2026, at $391 each through a planned transaction, while buying 1,000 shares at $138.02 outside of any plan.
Cadence Design Systems, Inc. Stock Up 11.4%
Shares of NasdaqGS:CDNS traded near $379.06 on Thursday. Cadence Design Systems boasts a market cap of approximately $107.3 billion. The company's P/E ratio stands at 90.47, with a forward P/E of 41.45, reflecting high investor expectations. The stock's beta is 1.149, indicating moderate volatility compared to the market. Over the past 52 weeks, Cadence's stock has ranged from a low of $262.75 to a high of $416.69. Its 50-day moving average is $353.71, while the 200-day moving average is $326.32.
$CDNS stock price
Daily closing prices, year to date. Not investment advice.
Analysts Set New Price Targets
On June 9, 2026, Stifel maintained its 'buy' rating for Cadence Design Systems, setting a price target of $432. Wells Fargo also maintained a 'buy' rating, with a target of $425 as of May 26, 2026. Overall, the consensus among 25 analysts is a 'strong buy', with an average target price of $386.78.
About Cadence Design Systems
Cadence Design Systems, Inc. is a leader in computational software and hardware solutions, primarily serving the technology sector. Headquartered in San Jose, California, the company is led by CEO Dr. Anirudh Devgan. With over 15,000 employees, Cadence develops AI-driven software and silicon intellectual property, offering a wide range of verification and design services for digital and analog circuits. The company collaborates strategically with tech giants like NVIDIA to enhance its offerings.
Bottom Line
Chin-Chi Teng's insider purchase suggests confidence in Cadence Design Systems' prospects. Investors often track such insider activity for insights into a company's future. It's important to remember that this data reflects past transactions and may not represent current holdings.
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