Trivium Point Advisory LLC Makes New Investment in Cadence Design Systems, Inc. $CDNS

Trivium Point Advisory LLC acquired a new position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 10,272 shares of the software maker’s stock, valued at approximately $3,855,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CDNS. HBK Sorce Advisory LLC purchased a new position in Cadence Design Systems during the 2nd quarter worth approximately $375,000. Tulsa Wealth Advisors INC purchased a new position in Cadence Design Systems during the second quarter worth about $497,000. Nippon Life Global Investors Americas Inc. acquired a new stake in shares of Cadence Design Systems in the 2nd quarter valued at approximately $1,025,000. J.Safra Asset Management Corp purchased a new stake in shares of Cadence Design Systems during the 2nd quarter worth $557,000. Finally, Flputnam Investment Management Co. acquired a new stake in shares of Cadence Design Systems during the 2nd quarter valued at approximately $1,988,000. Institutional investors and hedge funds own 84.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Benchmark reiterated a “buy” rating on shares of Cadence Design Systems in a report on Tuesday, July 28th. Rosenblatt Securities lifted their price target on shares of Cadence Design Systems from $410.00 to $420.00 and gave the company a “buy” rating in a report on Tuesday, July 28th. Morgan Stanley reiterated an “overweight” rating and set a $400.00 target price on shares of Cadence Design Systems in a report on Wednesday, July 29th. Robert W. Baird increased their price target on Cadence Design Systems from $415.00 to $420.00 and gave the company an “outperform” rating in a report on Tuesday, July 28th. Finally, Stifel Nicolaus lifted their price objective on shares of Cadence Design Systems from $395.00 to $432.00 and gave the company a “buy” rating in a research note on Tuesday, June 9th. Thirteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $405.69.

Insider Transactions at Cadence Design Systems

In other Cadence Design Systems news, Director Ita M. Brennan sold 180 shares of the company’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $387.45, for a total value of $69,741.00. Following the transaction, the director owned 8,004 shares of the company’s stock, valued at approximately $3,101,149.80. This represents a 2.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paul Scannell sold 7,081 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $393.91, for a total value of $2,789,276.71. Following the sale, the vice president owned 32,181 shares of the company’s stock, valued at $12,676,417.71. This trade represents a 18.04% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 139,486 shares of company stock valued at $54,262,177 in the last 90 days. 0.49% of the stock is owned by corporate insiders.

Cadence Design Systems Price Performance

Shares of Cadence Design Systems stock opened at $324.82 on Monday. Cadence Design Systems, Inc. has a 52 week low of $262.75 and a 52 week high of $416.69. The company has a current ratio of 1.74, a quick ratio of 1.53 and a debt-to-equity ratio of 0.36. The stock has a market cap of $89.45 billion, a PE ratio of 64.58, a price-to-earnings-growth ratio of 3.49 and a beta of 1.15. The company’s 50-day moving average price is $360.72 and its two-hundred day moving average price is $331.12.

Cadence Design Systems (NASDAQ:CDNS) last announced its quarterly earnings data on Monday, July 27th. The software maker reported $2.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.06. Cadence Design Systems had a net margin of 23.60% and a return on equity of 27.98%. The company had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the previous year, the company posted $1.65 EPS. The business’s revenue was up 24.2% compared to the same quarter last year. Cadence Design Systems has set its FY 2026 guidance at 8.050-8.150 EPS and its Q3 2026 guidance at 2.010-2.070 EPS. As a group, sell-side analysts anticipate that Cadence Design Systems, Inc. will post 6.4 EPS for the current fiscal year.

Cadence Design Systems 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.