---
title: "Weekly Recap | Cadence Design -2.24%, underperforming the S&P 500"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/299509766.md"
description: "Cadence Design fell 2.24% this week to close at $282.90, versus a 0.08% dip for the S&P 500. The stock underperformed the benchmark by about 2.16 percentage points. The week opened higher on Monday at $288.00, slid to a low of $273.07 on Tuesday, then clawed back over the next three sessions to end Friday at $282.90, still short of the prior weekly close of $289.37. The weekly range was 5.46%, and average daily volume near 2."
datetime: "2026-09-19T05:45:09.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/299509766.md)
  - [en](https://longbridge.com/en/news/299509766.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/299509766.md)
generator: "portal-rs"
---

# Weekly Recap | Cadence Design -2.24%, underperforming the S&P 500

## The Week

Cadence Design fell 2.24% this week to close at $282.90, versus a 0.08% dip for the S&P 500. The stock underperformed the benchmark by about 2.16 percentage points. The week opened higher on Monday at $288.00, slid to a low of $273.07 on Tuesday, then clawed back over the next three sessions to end Friday at $282.90, still short of the prior weekly close of $289.37. The weekly range was 5.46%, and average daily volume near 2.74m shares ran above the typical level for the prior 60 sessions.

## Key Events

No major product or earnings announcements landed this week. The story was mostly about price action and sector-wide narratives. On Tuesday, Cadence shares underperformed peers on Monday, while headlines tied AI defence contracts and strategic crypto reserves to a shifting multi-asset backdrop. The same day, coverage of the semiconductor design space highlighted NXP and Cadence. On Wednesday, Arteris launched its FlexGen NoC IP for multi-die designs, a step in the broader multi-die ecosystem. Friday brought a small executive disposal: SVP Paul Cunningham sold 2,793 shares for roughly $771,000.

## Analyst Ratings

There are 28 brokers covering Cadence. The split: 18 at buy, 6 at overweight, 2 at hold, and 2 with no opinion; none rate it underweight or sell. The consensus recommendation is strong buy. The consensus target of $402.12 sits about 42.1% above the current $282.90 price. Target prices range from $300.00 to $470.00, pointing to wide disagreement across brokers. Within the application software industry, Cadence ranks 14th out of 191 names in terms of analyst rating.

## The Week Ahead

Macro releases dominate the docket next week. Watch for the Richmond Fed composite index on 22 September, EIA crude oil and Cushing inventory data on 23 September, then initial jobless claims, current account balance, new home sales, and EIA natural gas storage on 24 September. Cadence has no firm-specific items pending, so the stock is likely to trade on semiconductor sentiment and the pulse from macro data rather than company news.

## In Short

Cadence underperformed this week, slipping to near $273 before recovering to $282.90. Both the 20-day moving average at $304.26 and the 60-day at $333.17 remain above the spot price. The tension to watch: a P/E near 56.5x and P/B at 11.4x suggest rich pricing, yet brokers still carry a strong buy consensus with a target well above spot. In the latest session, larger-lot money turned net buyer while smaller-lot flows leant negative, so order flow is not yet one-sided. The next test is whether the S&P 500, semiconductor sentiment, and the week’s macro prints help the stock reclaim the 20-day moving average.

*This article is generated by LongbridgeAI from market data, for information only and not investment advice.*

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**