North Star Asset Management Inc. Purchases 1,850 Shares of Cadence Design Systems, Inc. $CDNS

North Star Asset Management Inc. lifted its position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 11.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 17,999 shares of the software maker’s stock after buying an additional 1,850 shares during the quarter. North Star Asset Management Inc.’s holdings in Cadence Design Systems were worth $5,626,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Peterson Wealth Services boosted its holdings in Cadence Design Systems by 1,501.3% in the third quarter. Peterson Wealth Services now owns 187,115 shares of the software maker’s stock valued at $65,726,000 after acquiring an additional 175,430 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Cadence Design Systems by 301.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 49,999 shares of the software maker’s stock worth $17,563,000 after buying an additional 37,558 shares in the last quarter. Sun Financial Inc bought a new position in shares of Cadence Design Systems during the 4th quarter worth approximately $1,225,000. DDD Partners LLC boosted its holdings in shares of Cadence Design Systems by 27.4% during the 4th quarter. DDD Partners LLC now owns 41,968 shares of the software maker’s stock worth $13,118,000 after buying an additional 9,024 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Cadence Design Systems by 28.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 8,044 shares of the software maker’s stock worth $2,816,000 after buying an additional 1,779 shares in the last quarter. 84.85% of the stock is currently owned by institutional investors.

Cadence Design Systems Price Performance

Shares of NASDAQ:CDNS opened at $373.59 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.47 and a debt-to-equity ratio of 0.38. Cadence Design Systems, Inc. has a twelve month low of $262.75 and a twelve month high of $381.55. The stock’s 50 day moving average is $312.73 and its 200-day moving average is $311.18. The firm has a market capitalization of $103.04 billion, a price-to-earnings ratio of 87.08, a PEG ratio of 4.42 and a beta of 1.13.

Cadence Design Systems (NASDAQ:CDNS) last issued its quarterly earnings data on Monday, April 27th. The software maker reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.05. Cadence Design Systems had a return on equity of 28.44% and a net margin of 21.18%.The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same period last year, the business earned $1.57 EPS. The business’s revenue was up 18.6% on a year-over-year basis. 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. Sell-side analysts forecast that Cadence Design Systems, Inc. will post 6.23 EPS for the current fiscal year.

Insider Buying and Selling

In other Cadence Design Systems news, VP Paul Scannell sold 10,500 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $339.00, for a total transaction of $3,559,500.00. Following the transaction, the vice president directly owned 33,946 shares in the company, valued at approximately $11,507,694. This trade represents a 23.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ita M. Brennan sold 180 shares of the firm’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $295.03, for a total value of $53,105.40. Following the transaction, the director owned 7,470 shares in the company, valued at approximately $2,203,874.10. This trade represents a 2.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 41,251 shares of company stock valued at $13,294,350 in the last 90 days. Insiders own 0.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CDNS shares. Wells Fargo & Company increased their price target on Cadence Design Systems from $375.00 to $400.00 and gave the stock an “overweight” rating in a report on Tuesday, April 28th. Citigroup upped their target price on Cadence Design Systems from $385.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Piper Sandler upped their target price on Cadence Design Systems from $319.00 to $325.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 28th. Robert W. Baird upped their target price on Cadence Design Systems from $381.00 to $385.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 28th. Finally, Morgan Stanley lowered 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. Fourteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $380.59.

Cadence Design Systems Company Profile

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.