Rep. Kevin Hern (R-OK) Sells Cadence Design Systems (CDNS) Stock
Oklahoma Congressman Kevin Hern has sold shares in Cadence Design Systems, valued between $15,001 and $50,000.
Reviewed by automated data checks against the source filing. How we make and check alerts
Rep. Kevin Hern (R-OK) sold between $15,001 and $50,000 of Cadence Design Systems, Inc. ($CDNS) stock on September 14, 2026. The trade was disclosed in a STOCK Act periodic transaction report filed September 25, 2026.
Since the trade, $CDNS is up 5.7% after 1 week, up 18.1% after 1 month and up 14.5% to date (from the $279.06 close on Sep 14, 2026).
Financial Disclosure Report
Clerk of the House of Representatives • Legislative Resource Center • B81 Cannon Building • Washington, DC 20515
Filer Information
- Name:
- Rep. Kevin Hern (R-OK)
- Status:
- Member — House
- State/District:
- OK-1
- Party:
- Republican
Filing Information
- Filing Type:
- Periodic Transaction Report
- Filing Year:
- 2026
- Filing Date:
- Sep 25, 2026
Schedule B: Transactions
| Asset | Transaction | Date | Amount |
|---|---|---|---|
| Cadence Design Systems, Inc. ($CDNS) | Sell | Sep 14, 2026 | $15,001 - $50,000 |
Summary of the filed report, not the original document. Find the original: House financial disclosure search
CDNS
Cadence Design Systems, Inc.
Key Points
- Kevin Hern sold shares of Cadence Design Systems valued between $15,001 and $50,000 on September 14, 2026.
- Cadence Design Systems trades at $318.71, close to its 52-week high of $416.69.
- Analysts maintain a strong buy rating for Cadence with a target mean price of $403.38.
Get $CDNS trade alerts by text
We text you when insiders, Congress or big funds trade $CDNS. Free.
Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Cadence Design Systems, Inc. alert may contain errors. Disclosures
Oklahoma Congressman Kevin Hern sold shares of Cadence Design Systems, Inc. (CDNS) on September 14, 2026, valued between $15,001 and $50,000. The transaction was reported on September 25. At the time of the sale, the stock was trading at $318.71, which reflects its position in the technology sector, particularly in software applications.
Kevin Hern vs. the S&P 500
Hypothetical returns from Kevin Hern's disclosed trades, not real profit or advice. How we model this.
Inside Kevin Hern's Trade
Kevin Hern's recent sale involved shares of Cadence Design Systems, a company that develops software and hardware solutions for design and engineering. The specific number of shares sold was not disclosed, and this transaction marks yet another move in a series of trades he made in September, which also included shares of other companies like AIO and Rockwell Automation.
Other Institutional Activity in Cadence Design Systems
In the most recent filings from various funds, Blackrock Inc. grew its holdings by 1,208,964 shares, bringing its total to 26,660,845 shares worth about $8.5 billion. Vanguard Capital Management added 203,072 shares, increasing its stake to 18,016,381 shares valued at $5.7 billion. State Street Corporation increased its holdings by 539,643 shares, ending with 13,031,391 shares worth around $4.2 billion.
Cadence Design Systems, Inc. Stock Down 1.7%
Cadence Design Systems shares are currently priced at $318.71, which is just below its 52-week high of $416.69. The stock has shown strong performance recently, trading slightly above its 200-day moving average of $325.97. This current price position may influence investor sentiment, especially as the company prepares for its upcoming earnings report.
Recent Earnings
For the quarter ended June 30, 2026, Cadence reported revenue of approximately $5.84 billion, up 24.2% from the previous year, with earnings per share (EPS) of $5.04. The company's net margin was 23.6%, indicating efficient operations. The next earnings report is scheduled for October 26, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
-
Forward outlook
5 target raises vs 1 cuts.
-
EPS & revenue
EPS beat estimates by 1.2%. Revenue met estimates.
-
Profit surprise
EBITDA missed by 34 percent. Operating income missed by 32 percent.
-
Pre-earnings setup
Bar was high, analysts already very bullish.
-
Analyst signal
5 target raises, 1 target cut.
-
Earnings quality
Gross margin up 9.3 points. Positive free cash flow.
Earnings Call Summary
Cadence delivered a strong first quarter with $1.47 billion in revenue and record $8 billion backlog, driven by accelerating demand for AI-powered chip design tools. The company introduced new agentic AI agents for analog and digital design, signed a major IP deal with a leading foundry, and expects these AI tools to boost usage of its existing software while opening new revenue categories through subscription and consumption-based pricing.
Guidance Cadence raised its full year 2026 revenue outlook to about $6.2 billion, expecting 17 percent growth. The company expects to reach the Rule of 60 metric for the first time and plans to spend about half of free cash flow on share buybacks this year.
Fine but not compelling. Acceptable results that likely do not create a meaningful forward reset.
Insider Buying and Selling at Cadence Design Systems, Inc.
Recent insider transactions include Sangiovanni Vincentelli, a director, selling 1,250 shares at $350.07 on October 1, 2026. Officer Paul Cunningham sold 2,000 shares at $277.12 on September 15, 2026, while director Ita Brennan sold 180 shares on September 10, 2026. Additionally, officer Paul Scannell sold 280 shares at $339.00 on August 26, 2026. These transactions indicate ongoing portfolio management among insiders.
Analysts Set New Price Targets
On July 28, 2026, several firms maintained their ratings on Cadence Design Systems, with B of A Securities, Rosenblatt, and Citigroup all issuing a Buy rating with a price target of $420.00. Baird rated it Outperform with a target of $420.00, while Needham reiterated a Buy rating with a target of $400.00. The average target price among analysts is currently $403.38, with 27 opinions contributing to this consensus.
About Cadence Design Systems
Cadence Design Systems, Inc. is a technology company based in San Jose, California. The firm specializes in developing software, hardware, and silicon products used for electronic design automation. This trade by Kevin Hern comes as the company approaches its next earnings announcement, which could provide insights into its ongoing growth and market position.
Bottom Line
Investors should look out for Cadence's upcoming earnings report on October 26, 2026, and further updates on trades by lawmakers. It's important to note that this sale reflects positions as of the event date, and Hern's current holdings may differ due to market conditions and subsequent trades.
Related Filing Alerts
Source: Kevin Hern's STOCK Act disclosure on $CDNS (Sep 14, 2026). Find the original filing: House financial disclosure search. Written by software, not financial advice. How we make alerts