The buying and selling of stock by company insiders often signals where a stock may be headed next, and recent activity at Cadence Design Systems, Inc has investors buzzing. TENG CHIN-CHI sold shares valued at $1,884,652 on November 6, 2025. Offloading 5,800 shares at $324.94 each, the insider’s holdings dropped to 123,381 shares, now worth roughly $37.8 million after the transaction.
Another major transaction came from DEVGAN ANIRUDH, who sold 5,550 shares at $327.80 apiece, generating proceeds of more than $1.8 million. Following this sale, the insider now holds 195,844 shares.
Interestingly, before the November sale, CHIN-CHI TENG had actually purchased the exact same amount—5,800 shares—at $324.94 each, in a transaction also valued at $1,884,652. The buying-then-selling pattern has drawn attention from market watchers seeking clues about insider sentiment.
Analysts Shift Their Stance
Citigroup, in an initiating research note published on November 24, 2025, rated Cadence Design Systems, Inc [CDNS] as a Buy and increased its price target to 385. In early October, BNP Paribas Exane began covering the stock with an Outperform outlook. Piper Sandler took a different approach, downgrading the stock from Overweight to Neutral on July 29, 2025. Earlier that month, Goldman initiated coverage with a Buy recommendation.
Analyzing CDNS Stock Performance
In the latest trading session, Cadence Design Systems, Inc [NASDAQ: CDNS] rose 0.89% to 306.35. The stock dipped to 304.029 at its lowest point of the day and climbed as high as 308.16. Over the past five days, the stock has slipped by about -0.13%. Year-to-date, shares have fallen approximately -1.77%. CDNS reached its 52-week high of 376.45 on July 31, 2025, and its 52-week low of 221.56 on April 7, 2025.
Support And Resistance Levels
Technical indicators show a support level at 304.19; if this breaks, the stock could fall toward 302.04. On the upside, resistance sits at 308.34, followed by a second barrier at 310.34. The 14-day RSI reading of 36.82 suggests neutral technical sentiment, neither oversold nor overbought.
Is Cadence Design Systems, Inc Subject to Short Interest?
Short interest in CDNS rose sharply on November 14, 2025, climbing by 0.27 million shares to reach 4.14 million. On October 15, short interest stood at 3.87 million shares. This 6.62% jump signals growing bearish sentiment. Short shares currently represent 2.09% of the total float, and the days-to-cover ratio also sits at 2.09.
Which Companies Own the Most Shares of Cadence Design Systems, Inc (CDNS)?
Analysts tracked by FactSet expect the stock to reach an average price target of 400 within the next 12 months—an increase of nearly 31.73% from the previous closing price of 303.66. Projections show CDNS hitting 418 by 2025, with the lowest target at 355. By the end of 2025, 13 analysts maintained a Buy rating on the stock. On April 24, 2025, JP Morgan upgraded its coverage with an Overweight rating and a price target of 325.
If the insider trades and analyst upgrades are any indication, Cadence Design Systems, Inc may be on the verge of a pivotal shift—one investors will be watching closely.
