AI Semiconductor Design Software Executive Sells Shares Worth $3 Million

Paul Cunningham, Senior Vice President at U.S. electronic design automation (EDA) firm Cadence Design Systems Inc. (NASDAQ: CDNS), sold 1,000 shares of company stock at $280.19 per share on April 1 under a pre-established Rule 10b5-1 trading plan, cashing out roughly $280,190 (about 380 million KRW).

After this transaction, Cunningham’s direct stake stands at approximately 128,000 shares, valued at about $36 million (around 49 billion KRW) based on the sale price.

Meanwhile, Cadence’s latest quarterly results surpassed market expectations, driven by strong AI-related high-performance chip design demand, and the company issued 2026 full-year revenue guidance of $5.9–6.0 billion.

Analysts maintain an average “Moderate Buy” rating on the stock, with first-quarter 2026 EPS guidance of $1.89–1.95 and full-year EPS guidance of $8.05–8.15.

Founded in 1988 and headquartered in San Jose, California, Cadence supplies EDA software for semiconductor design and packaging as well as circuit and system simulation tools to global semiconductor and electronic systems companies.

Recently, Cadence has expanded its collaboration with NVIDIA to introduce Agentic AI-based chip and system design solutions, integrating AI across the entire design automation process—from chips to boards and full systems.