New Millennium Group LLC Purchases 6,353 Shares of Cadence Design Systems, Inc. $CDNS

New Millennium Group LLC grew its position in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 12,965.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,402 shares of the software maker’s stock after purchasing an additional 6,353 shares during the quarter. Cadence Design Systems makes up about 1.0% of New Millennium Group LLC’s investment portfolio, making the stock its 27th largest holding. New Millennium Group LLC’s holdings in Cadence Design Systems were worth $2,249,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Y.D. More Investments Ltd purchased a new position in shares of Cadence Design Systems during the 3rd quarter valued at $26,000. Strategic Wealth Investment Group LLC purchased a new position in shares of Cadence Design Systems in the second quarter valued at about $32,000. Promus Capital LLC purchased a new position in shares of Cadence Design Systems in the second quarter valued at about $33,000. Robbins Farley bought a new position in shares of Cadence Design Systems in the third quarter worth about $35,000. Finally, Cloud Capital Management LLC purchased a new stake in shares of Cadence Design Systems during the third quarter worth about $35,000. 84.85% of the stock is owned by hedge funds and other institutional investors.

Cadence Design Systems Price Performance

Cadence Design Systems stock opened at $296.59 on Friday. Cadence Design Systems, Inc. has a 52-week low of $221.56 and a 52-week high of $376.45. The company has a quick ratio of 2.84, a current ratio of 2.86 and a debt-to-equity ratio of 0.45. The firm’s fifty day moving average is $308.44 and its 200 day moving average is $328.50. The company has a market cap of $80.73 billion, a price-to-earnings ratio of 73.05, a PEG ratio of 3.39 and a beta of 1.01.

Cadence Design Systems (NASDAQ:CDNS) last posted its earnings results on Tuesday, February 17th. The software maker reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.08. Cadence Design Systems had a net margin of 20.93% and a return on equity of 29.34%. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the previous year, the firm posted $1.88 EPS. The business’s quarterly revenue was up 6.2% on a year-over-year basis. Cadence Design Systems has set its Q1 2026 guidance at 1.890-1.950 EPS and its FY 2026 guidance at 8.050-8.150 EPS. Sell-side analysts forecast that Cadence Design Systems, Inc. will post 5.41 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CDNS has been the topic of a number of research analyst reports. Rosenblatt Securities raised Cadence Design Systems from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $335.00 to $360.00 in a report on Wednesday. Oppenheimer raised shares of Cadence Design Systems from an “underperform” rating to a “market perform” rating and set a $275.00 target price on the stock in a report on Monday, December 1st. Robert W. Baird upped their target price on shares of Cadence Design Systems from $390.00 to $418.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 28th. Needham & Company LLC reiterated a “buy” rating and issued a $390.00 price target on shares of Cadence Design Systems in a report on Wednesday. Finally, Morgan Stanley decreased their price target on shares of Cadence Design Systems from $385.00 to $370.00 and set an “overweight” rating on the stock in a research note on Wednesday. Fifteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $376.50.

Insiders Place Their Bets

In related news, VP Paul Cunningham sold 1,000 shares of the firm’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $295.09, for a total value of $295,090.00. Following the completion of the sale, the vice president directly owned 95,137 shares in the company, valued at $28,073,977.33. This trade represents a 1.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ita M. Brennan sold 180 shares of the business’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $337.48, for a total transaction of $60,746.40. Following the transaction, the director owned 7,650 shares in the company, valued at $2,581,722. This trade represents a 2.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 56,475 shares of company stock worth $18,505,486. 1.99% of the stock is currently owned by company insiders.

Key Cadence Design Systems News

Here are the key news stories impacting Cadence Design Systems this week:

• Positive Sentiment: Q4 results beat and bullish guidance — Cadence reported $1.44B revenue and $1.99 adjusted EPS, topped estimates, raised margin/free‑cash flow expectations and gave solid FY/Q1 EPS guidance; management emphasized AI products and a record $7.8B backlog, boosting confidence in near‑term revenue visibility. Cadence Stock Earnings & AI Chip Story
• Positive Sentiment: AI product momentum — launch of ChipStack AI Super Agent and continued traction for Cerebrus (agentic AI for chip design) underpin the narrative that Cadence can capture outsized value from customers optimizing chip PPA, a key structural growth thesis. ChipStack AI Super Agent Coverage
• Positive Sentiment: Broker upgrades and bullish reiterations — Rosenblatt upgraded CDNS to Buy (raised target to $360) and Needham reaffirmed Buy with a $390 target; Bank of America also remains bullish with a $400 target, lending credibility to the upside case. Rosenblatt Upgrade Needham Reaffirmation
• Neutral Sentiment: Morgan Stanley trimmed its price target (from $385 to $370) but kept an Overweight rating — a modest pullback in target that still signals confidence in upside, so it’s more nuance than a bearish signal. Morgan Stanley Adjustment
• Neutral Sentiment: Piper Sandler cut its target (to $319) and set Neutral — another recalibration after earnings that reduces some near‑term upside from certain desks but doesn’t overturn the AI/backlog story. Piper Sandler Target Cut
• Negative Sentiment: Unusual bearish options activity — traders bought a large volume of put options around the print (and reported spikes in put open interest), which could increase downside pressure or volatility if sellers hedge/loan stock. Put Options Activity
• Neutral Sentiment: Short interest data reported odd/zero figures for mid‑February (likely a reporting artifact) — not a reliable signal this cycle but worth watching if actual short positions rise. (No definitive link available.)

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.