$CDNS

Cunningham Paul sold $554K of CDNS

Cunningham Paul (Sr. Vice President) sold 2,000 shares of CADENCE DESIGN SYSTEMS INC (CDNS) at $277.12 ($0.55M total) on 2026-09-15 under a Rule 10b5-1 trading plan.

Original reporting
SEC EDGAR · Cunningham Paul
Published Sep 17, 2026, 9:41 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Sep 17, 2026, 9:44 PM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
AlphAI market briefInsider activity
Primary signal
$CDNS
Bearish
medium confidence
Mentioned
$CDNS
Relevance
4/10
AlphAI data visualization · based on SEC EDGAR
Decision brief

The 30-second read

$CDNSBearishLow
01

Why it matters

The disclosed sale may cause short-term price pressure but likely limited given the insider's remaining stake.

02

Market read

Routine insider sale with modest size; limited trading relevance.

03

What to watch

The insider retains a large position (over 120k shares) indicating continued confidence.

Relevance 4/10Novelty 5/10Timing: filing disclosed on Sep 17, 2026

Background

Form 4 filing reports insider transactions required by SEC; provides transparency on executive holdings.

Company-level read

Ticker impact

$CDNSBearishMedium confidence
Context

Senior Vice President Paul Cunningham sold 2,000 shares of Cadence Design Systems for $554,240 via a 10b5-1 plan.

Expected impact

Possible modest dip of 1-2% in the near term as the market digests the sale.

Evidence & confidence

While the amount is modest relative to the insider's holdings, senior exec sales often attract attention and can trigger short-term selling pressure.

Market effects

Minimal impact on the EDA sector; insider sales are routine.

None

Low

Counterpoint

The sale could be unrelated to company outlook; investors may ignore it.

Key entities

  • Cadence Design Systems Inc.

    Provider of electronic design automation software.

  • Paul Cunningham

    Senior Vice President at Cadence.

Full insider trading history

This story covers one filing. See everything behind it: every insider buy and sell on record, 10b5-1 plans, late filings, and which officers and directors are trading.

Related articles

$CDNSMed

Could Cadence Design (CDNS) and Analog Devices (ADI) Capture More of the Smart-Vehicle Opportunity?

Cadence Design (CDNS) and Analog Devices (ADI) announced a partnership to integrate Cadence's Tensilica DSP into ADI's automotive audio processors. The collaboration aims to enhance in-vehicle infotainment. CDNS reported 40% YoY growth in its IP segment and raised its 2026 revenue outlook to $6.26B–$6.34B. ADI generated $4.02B in Q3 2026 revenue with $4.9B in free cash flow.

$CDNSMedAI 8/10

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

Cadence Design Systems (CDNS) Sr. VP Paul Cunningham sold 2,000 shares for $554,240 on Sept. 15, 2026, at $277.12 each. He also exercised 1,000 options at $138.02. CDNS stock is near $281, down 19% YoY, with a $77B market cap and P/E of 55.4. Q2 2026 revenue was $1.584B, up 24% YoY, beating EPS estimates. Analysts raised price targets, citing strong guidance and growth.

$CDNSMed

Can Cadence's Cash Generation Support Both Growth and Share Buybacks?

Cadence (CDNS) repurchased $200M in shares in Q2 and expects 2026 operating cash flow of $2B, up from prior estimates. The company plans to use 50% of free cash flow for buybacks. Concerns include global macroeconomic conditions, semiconductor exposure, and competition from Synopsys (SNPS) and Keysight (KEYS). CDNS shares rose 1.3% in the past month, underperforming the industry's 6.4% growth. Earnings estimates for 2026 have been revised upward.

$NVDAMedAI 8/10

Yuanta Sees NVIDIA MediaTek Deal Strengthening AI Infrastructure Market Reach

Yuanta Securities highlights NVIDIA's expanded partnership with MediaTek, including a $3.5B investment, to strengthen AI infrastructure. MediaTek will join NVIDIA's NVLink Fusion ecosystem, enabling custom XPU designs for data centers, devices, and automotive platforms. Yuanta sees potential benefits for NVIDIA, MediaTek, Marvell, Astera Labs, Broadcom, Synopsys, Cadence, and TSMC.

$CDNSMed

Can Cadence's Cash Generation Support Both Growth and Share Buybacks?

Cadence Design Systems reported strong Q2 2026 cash flow, with operating cash flow at $635M and free cash flow at $582M. The company repurchased $200M in shares and expects to use 50% of free cash flow for buybacks in 2026. Revenue guidance was raised to $6.26B-$6.34B. Cadence faces competition from Synopsys and Keysight Technologies, with macroeconomic conditions and semiconductor exposure as concerns.

$CDNSMed

Cadence Design Systems Sees AI Agents Driving Chip Design Boom and Growth

Cadence Design Systems reported 24% Q2 revenue growth, projecting 19% full-year growth and a 44.25% non-GAAP operating margin. The company anticipates a 30-40x increase in chip-design workloads over 5-6 years, driven by AI agents and its automation tools. Its IP business is set to reach a $1 billion annualized run rate, with a record $8.1 billion backlog and strong coverage for the next 12 months.