Cadence Design Systems, Inc. $CDNS Shares Acquired by NewEdge Wealth LLC

NewEdge Wealth LLC lifted its position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 70.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,777 shares of the software maker’s stock after purchasing an additional 2,386 shares during the quarter. NewEdge Wealth LLC’s holdings in Cadence Design Systems were worth $1,806,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Drucker Wealth 3.0 LLC grew its stake in shares of Cadence Design Systems by 9.5% during the 4th quarter. Drucker Wealth 3.0 LLC now owns 654 shares of the software maker’s stock worth $205,000 after purchasing an additional 57 shares during the period. F m Investments LLC purchased a new position in shares of Cadence Design Systems during the 4th quarter valued at approximately $203,000. Crossmark Global Holdings Inc. lifted its position in shares of Cadence Design Systems by 5.6% during the 4th quarter. Crossmark Global Holdings Inc. now owns 32,619 shares of the software maker’s stock valued at $10,196,000 after buying an additional 1,729 shares in the last quarter. Ethic Inc. lifted its position in shares of Cadence Design Systems by 14.5% during the 4th quarter. Ethic Inc. now owns 31,244 shares of the software maker’s stock valued at $9,766,000 after buying an additional 3,966 shares in the last quarter. Finally, ASR Vermogensbeheer N.V. lifted its position in shares of Cadence Design Systems by 19.2% during the 4th quarter. ASR Vermogensbeheer N.V. now owns 22,976 shares of the software maker’s stock valued at $7,182,000 after buying an additional 3,702 shares in the last quarter. Institutional investors and hedge funds own 84.85% of the company’s stock.

Cadence Design Systems Stock Down 1.0%

NASDAQ CDNS opened at $354.55 on Thursday. Cadence Design Systems, Inc. has a 52 week low of $262.75 and a 52 week high of $376.45. The company has a quick ratio of 1.32, a current ratio of 1.47 and a debt-to-equity ratio of 0.38. The business’s fifty day simple moving average is $305.16 and its 200-day simple moving average is $310.46. The firm has a market cap of $97.79 billion, a PE ratio of 82.65, a P/E/G ratio of 4.24 and a beta of 1.13.

Cadence Design Systems (NASDAQ:CDNS) last posted its quarterly earnings results on Monday, April 27th. The software maker reported $1.96 EPS for the quarter, topping the consensus estimate of $1.91 by $0.05. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.46 billion. Cadence Design Systems had a return on equity of 28.44% and a net margin of 21.18%.The company’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $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. As a group, equities analysts anticipate that Cadence Design Systems, Inc. will post 6.23 earnings per share for the current year.

Analyst Ratings Changes

CDNS has been the topic of a number of recent analyst reports. Stifel Nicolaus set a $395.00 target price on Cadence Design Systems in a research report on Wednesday, February 18th. Wells Fargo & Company increased their target price on Cadence Design Systems from $375.00 to $400.00 and gave the company an “overweight” rating in a research report on Tuesday, April 28th. Rosenblatt Securities reiterated a “buy” rating and set a $360.00 target price on shares of Cadence Design Systems in a research report on Friday, April 24th. Morgan Stanley decreased their target price on Cadence Design Systems from $385.00 to $370.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 18th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $400.00 target price on shares of Cadence Design Systems in a research report on Tuesday, April 28th. Fourteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $380.59.

Insiders Place Their Bets

In related news, VP Paul Cunningham sold 1,000 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $337.49, for a total transaction of $337,490.00. Following the completion of the sale, the vice president directly owned 127,586 shares of the company’s stock, valued at approximately $43,058,999.14. This trade represents a 0.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paul Scannell sold 10,500 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $339.00, for a total value of $3,559,500.00. Following the sale, the vice president directly owned 33,946 shares of the company’s stock, valued at $11,507,694. The trade was a 23.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 40,180 shares of company stock valued at $12,924,790 over the last 90 days. Company insiders own 0.49% of the company’s stock.

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.