CDNS
Cadence Design Systems, Inc.Technology · $78.4B market cap
Verdict
Share price
$351.35
close of Oct 3, 2026
Fair value
$121.80
Sticker Price
Payback Price
$48.72
buy price
CDNS is Overpriced: at $351.35 it trades 188% above its fair value of $121.80. Its buy price (Payback Price) is $48.72, 86% below today's price. Business quality is strong: all 5 key numbers clear the 10% bar.
How we valued it
Free Cash Flow. Sales grew 14% a year over the last 3 years, below the 15% we look for in a fast grower, so we value it on its free cash flow instead of an earnings forecast.
Business quality
5 of 5 clear the 10% bar. What are the Big Five?
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2 of the investors we track hold CDNS. In Q2 2026, 1 trimmed. Who we track
Jensen Investment Management
Jensen Investment Management · as of Q2 2026
$115.8M
308,555 shares
Dodge & Cox Funds
Dodge & Cox Funds · as of Q2 2026
$85.6M
228,012 shares
Moves in Q2 2026
Trimmed: Jensen Investment Management
Insider activity
Since Jun 11, 2026: no open-market purchases, 31 sales worth $8.0M and 9 other filings (stock awards, tax withholding and similar). Why purchases matter
Sales
Scannell Paul
Sr. Vice President · 2026-08-26
Sold
$95K
SANGIOVANNI VINCENTELLI ALBERTO
director · 2026-08-25
Sold
$13K
SANGIOVANNI VINCENTELLI ALBERTO
director · 2026-08-25
Sold
$100K
SANGIOVANNI VINCENTELLI ALBERTO
director · 2026-08-25
Sold
$122K
SANGIOVANNI VINCENTELLI ALBERTO
director · 2026-08-25
Sold
$77K
Show all 31 salesShow fewer
SANGIOVANNI VINCENTELLI ALBERTO
director · 2026-08-25
Sold
$89K
TENG CHIN-CHI
Sr. Vice President · 2026-08-21
Sold
$1.5M
Cunningham Paul
Sr. Vice President · 2026-08-17
Sold
$647K
TENG CHIN-CHI
Sr. Vice President · 2026-07-22
Sold
$28K
TENG CHIN-CHI
Sr. Vice President · 2026-07-22
Sold
$137K
TENG CHIN-CHI
Sr. Vice President · 2026-07-22
Sold
$83K
TENG CHIN-CHI
Sr. Vice President · 2026-07-22
Sold
$151K
TENG CHIN-CHI
Sr. Vice President · 2026-07-22
Sold
$68K
TENG CHIN-CHI
Sr. Vice President · 2026-07-22
Sold
$667K
TENG CHIN-CHI
Sr. Vice President · 2026-07-22
Sold
$68K
TENG CHIN-CHI
Sr. Vice President · 2026-07-22
Sold
$85K
TENG CHIN-CHI
Sr. Vice President · 2026-07-22
Sold
$242K
Cunningham Paul
Sr. Vice President · 2026-07-15
Sold
$767K
TENG CHIN-CHI
Sr. Vice President · 2026-06-22
Sold
$63K
TENG CHIN-CHI
Sr. Vice President · 2026-06-22
Sold
$125K
TENG CHIN-CHI
Sr. Vice President · 2026-06-22
Sold
$86K
TENG CHIN-CHI
Sr. Vice President · 2026-06-22
Sold
$496K
TENG CHIN-CHI
Sr. Vice President · 2026-06-22
Sold
$93K
TENG CHIN-CHI
Sr. Vice President · 2026-06-22
Sold
$93K
TENG CHIN-CHI
Sr. Vice President · 2026-06-22
Sold
$61K
TENG CHIN-CHI
Sr. Vice President · 2026-06-22
Sold
$382K
TENG CHIN-CHI
Sr. Vice President · 2026-06-22
Sold
$153K
TENG CHIN-CHI
Sr. Vice President · 2026-06-22
Sold
$106K
TENG CHIN-CHI
Sr. Vice President · 2026-06-22
Sold
$76K
Cunningham Paul
Sr. Vice President · 2026-06-15
Sold
$782K
PLUMMER JAMES D
director · 2026-06-11
Sold
$576K
Other filings
Cunningham Paul
Sr. Vice President · 2026-08-25
G-Gift
1,000 shares
TENG CHIN-CHI
Sr. Vice President · 2026-08-21
Option exercise
$203K
Cunningham Paul
Sr. Vice President · 2026-08-17
Option exercise
$138K
Scannell Paul
Sr. Vice President · 2026-08-17
Tax withholding
$59K
SOHN YOUNG
director · 2026-07-30
G-Gift
9 shares
About Cadence Design Systems, Inc.
Cadence Design Systems, Inc. operates globally, delivering a comprehensive suite of solutions that includes software, specialized hardware, professional services, and pre-designed integrated circuit (IC) building blocks. The company's robust functional verification offerings feature dedicated emulation and prototyping hardware. This portfolio encompasses JasperGold for formal verification, Xcelium for parallel logic…
Software - Application
Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works