Oppenheimer Asset Management Inc. Grows Stock Holdings in Cadence Design Systems, Inc. $CDNS

Oppenheimer Asset Management Inc. lifted its position in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,366 shares of the software maker’s stock after purchasing an additional 1,591 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Cadence Design Systems were worth $12,930,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC raised its position in Cadence Design Systems by 80.2% during the fourth quarter. Brighton Jones LLC now owns 1,519 shares of the software maker’s stock worth $456,000 after acquiring an additional 676 shares during the period. Integrated Wealth Concepts LLC lifted its stake in shares of Cadence Design Systems by 3.8% in the first quarter. Integrated Wealth Concepts LLC now owns 2,203 shares of the software maker’s stock worth $560,000 after buying an additional 80 shares in the last quarter. Thompson Davis & CO. Inc. purchased a new position in shares of Cadence Design Systems in the second quarter worth about $205,000. NewEdge Advisors LLC increased its position in Cadence Design Systems by 39.3% during the second quarter. NewEdge Advisors LLC now owns 34,787 shares of the software maker’s stock worth $10,720,000 after purchasing an additional 9,807 shares during the last quarter. Finally, Glenview Trust co acquired a new stake in Cadence Design Systems during the second quarter worth about $226,000. 84.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company raised their price objective on shares of Cadence Design Systems from $375.00 to $400.00 and gave the stock an “overweight” rating in a research report on Tuesday. Piper Sandler lifted their price target on shares of Cadence Design Systems from $319.00 to $325.00 and gave the stock a “neutral” rating in a research note on Tuesday. KeyCorp lifted their target price on shares of Cadence Design Systems from $405.00 to $425.00 and gave the company an “overweight” rating in a report on Tuesday. Citigroup lifted their target price on shares of Cadence Design Systems from $385.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Morgan Stanley cut their target price on shares of Cadence Design Systems from $385.00 to $370.00 and set an “overweight” rating on the stock in a report on Wednesday, February 18th. Fourteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $380.59.

Insider Buying and Selling at Cadence Design Systems

In other Cadence Design Systems news, VP Paul Cunningham sold 1,000 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $297.78, for a total value of $297,780.00. Following the transaction, the vice president directly owned 94,137 shares of the company’s stock, valued at approximately $28,032,115.86. The trade was a 1.05% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ita M. Brennan sold 180 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $295.03, for a total transaction of $53,105.40. Following the completion of the transaction, the director directly owned 7,470 shares in the company, valued at $2,203,874.10. This represents a 2.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 24,680 shares of company stock valued at $7,579,340. 0.49% of the stock is owned by company insiders.

Cadence Design Systems Stock Performance

Shares of CDNS opened at $340.94 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.67 and a current ratio of 1.47. The stock has a market capitalization of $94.13 billion, a P/E ratio of 79.47, a P/E/G ratio of 3.91 and a beta of 1.13. The company’s fifty day moving average is $296.48 and its two-hundred day moving average is $309.33. Cadence Design Systems, Inc. has a 1 year low of $262.75 and a 1 year high of $376.45.

Cadence Design Systems (NASDAQ:CDNS) last announced its quarterly earnings data on Monday, April 27th. The software maker reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.05. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Cadence Design Systems had a net margin of 21.18% and a return on equity of 28.44%. Cadence Design Systems’s revenue was up 18.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.57 EPS. Cadence Design Systems has set its FY 2026 guidance at 7.850-7.950 EPS and its Q2 2026 guidance at 2.020-2.080 EPS. On average, sell-side analysts predict that Cadence Design Systems, Inc. will post 6.22 earnings per share for the current year.

About Cadence Design Systems

Cadence Design Systems, Inc (NASDAQ: CDNS) is a global provider of electronic design automation (EDA) software, hardware and intellectual property used to design and verify advanced semiconductor chips, systems-on-chip (SoCs), printed circuit boards (PCBs) and packaging. Headquartered in San Jose, California and founded in 1988, Cadence serves semiconductor companies, original equipment manufacturers and system designers across the globe, helping customers accelerate design cycles and manage the complexity of modern integrated systems.

The company’s offerings span software tools for digital, custom/analog and mixed-signal design, verification and signoff, as well as solutions for system-level modeling, thermal and signal integrity analysis, and PCB and package design.