Cadence Design Systems, Inc’s recently made public that its Sr. Vice President TENG CHIN-CHI unloaded Company’s shares for reported $2.68 million on Jun 17 ’25. In the deal valued at $300.92 per share,8,892 shares were sold. As a result of this transaction, TENG CHIN-CHI now holds 136,213 shares worth roughly $39.99 million.
Then, Cunningham Paul sold 1,000 shares, generating $302,000 in total proceeds. Upon selling the shares at $302.00, the Sr. Vice President now owns 106,499 shares.
Before that, CHIN-CHI TENG bought 8,892 shares. Cadence Design Systems, Inc shares valued at $2,675,812 were divested by the Officer at a price of $300.92 per share.
JP Morgan upgraded its Cadence Design Systems, Inc [CDNS] rating to an Overweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Redburn Atlantic’s analysts, who began to cover the stock in mid January with a ‘”a Buy”‘ rating. Wells Fargo began covering CDNS with “an Overweight” recommendation on November 22, 2024. Loop Capital started covering the stock on November 12, 2024. It rated CDNS as “a Buy”.
Price Performance Review of CDNS
On Monday, Cadence Design Systems, Inc [NASDAQ:CDNS] saw its stock fall -0.62%% to $293.56. Over the last five days, the stock has lost -2.15%. Cadence Design Systems, Inc shares have fallen nearly -10.09% since the year began. Nevertheless, the stocks have fallen -2.30% over the past one year. While a 52-week high of $326.19 was reached on 01/24/25, a 52-week low of $221.56 was recorded on 04/07/25.
Levels Of Support And Resistance For CDNS Stock
The 24-hour chart illustrates a support level at 290.23, which if violated will result in even more drops to 286.89. On the upside, there is a resistance level at 296.36. A further resistance level may holdings at 299.15.
How much short interest is there in Cadence Design Systems, Inc?
A steep rise in short interest was recorded in Cadence Design Systems, Inc stocks on 2025-05-30, dropping by -1.01 million shares to a total of 3.66 million shares. Yahoo Finance data shows the prior-month short interest on 2025-04-30 was 4.66 million shares. There was a decline of -27.57%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 22, 2024 when Mizuho began covering the stock and recommended ‘”an Outperform”‘ rating along with a $325 price target.
