State of New Jersey Common Pension Fund D Lowers Stock Position in Cadence Design Systems, Inc. $CDNS

State of New Jersey Common Pension Fund D lessened its stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 3.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,479 shares of the software maker’s stock after selling 2,943 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Cadence Design Systems were worth $28,907,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Occidental Asset Management LLC boosted its stake in Cadence Design Systems by 2.3% during the third quarter. Occidental Asset Management LLC now owns 1,321 shares of the software maker’s stock worth $464,000 after buying an additional 30 shares during the period. Whittier Trust Co. boosted its stake in Cadence Design Systems by 0.4% during the third quarter. Whittier Trust Co. now owns 7,072 shares of the software maker’s stock worth $2,456,000 after buying an additional 30 shares during the period. Cornerstone Wealth Group LLC boosted its stake in Cadence Design Systems by 4.3% during the third quarter. Cornerstone Wealth Group LLC now owns 777 shares of the software maker’s stock worth $273,000 after buying an additional 32 shares during the period. Spirepoint Private Client LLC boosted its stake in Cadence Design Systems by 4.6% during the fourth quarter. Spirepoint Private Client LLC now owns 722 shares of the software maker’s stock worth $226,000 after buying an additional 32 shares during the period. Finally, Kathmere Capital Management LLC boosted its stake in Cadence Design Systems by 1.4% during the third quarter. Kathmere Capital Management LLC now owns 2,336 shares of the software maker’s stock worth $821,000 after buying an additional 33 shares during the period. Hedge funds and other institutional investors own 84.85% of the company’s stock.

Cadence Design Systems Price Performance

Cadence Design Systems stock opened at $329.59 on Friday. The firm’s 50-day simple moving average is $296.48 and its 200 day simple moving average is $309.33. Cadence Design Systems, Inc. has a 52 week low of $262.75 and a 52 week high of $376.45. The firm has a market capitalization of $91.00 billion, a PE ratio of 76.83, a P/E/G ratio of 4.10 and a beta of 1.04. The company has a quick ratio of 2.67, a current ratio of 1.47 and a debt-to-equity ratio of 0.38.

Cadence Design Systems (NASDAQ:CDNS) last announced its earnings results 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 net margin of 21.18% and a return on equity of 28.44%. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the previous year, the company posted $1.57 EPS. The firm’s revenue for the quarter 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. On average, equities research analysts predict that Cadence Design Systems, Inc. will post 6.14 EPS for the current fiscal year.

Insider Buying and Selling at Cadence Design Systems

In other Cadence Design Systems news, VP Paul Cunningham sold 1,000 shares of the stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $280.19, for a total value of $280,190.00. Following the completion of the sale, the vice president owned 128,586 shares of the company’s stock, valued at $36,028,511.34. This trade represents a 0.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO John M. Wall sold 21,500 shares of the stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $309.45, for a total transaction of $6,653,175.00. Following the completion of the sale, the chief financial officer directly owned 86,875 shares of the company’s stock, valued at $26,883,468.75. This trade represents a 19.84% decrease in their position. 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 24,680 shares of company stock valued at $7,579,340 over the last 90 days. 0.49% of the stock is owned by corporate insiders.

Cadence Design Systems News Summary

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

• Positive Sentiment: Cadence reported a Q1 beat and guided above Street views, lifting near-term fundamentals. Management’s results showed revenue and EPS ahead of consensus and commentary pushed analysts to update models. Cadence Design Systems Tops Q1 Targets, Guides Above Views
• Positive Sentiment: Erste Group raised its FY2027 EPS view for Cadence to $7.54 (above consensus), signaling some analysts expect stronger multi-year earnings power after the quarter. That recalibration can support higher valuation multiples if sustained. Erste Group EPS Estimates for Cadence
• Neutral Sentiment: Media pieces highlighting broad Wall Street analyst optimism (average brokerage recommendation favorable) may help sentiment but are not new fundamental information; they can amplify short-term flows. Wall Street Bulls Look Optimistic About Cadence (CDNS)
• Neutral Sentiment: Industry context: a published note on an expected $1 trillion in AI capex names a handful of firms that should benefit from the AI buildout — a potential long-term tailwind for EDA and IP vendors like Cadence, but timing and realization remain uncertain. $1 Trillion in AI Capex Is Coming
• Neutral Sentiment: Broader semiconductor/quantum-sector executive moves (e.g., Lip-Bu Tan joining PsiQuantum’s board) are notable for the ecosystem but have no direct impact on Cadence results; they underscore continued investor interest in chip-related innovation. PsiQuantum Appoints Lip-Bu Tan to Board of Directors

Analyst Ratings Changes

Several brokerages have weighed in on CDNS. Morgan Stanley lowered their target price on shares of Cadence Design Systems from $385.00 to $370.00 and set an “overweight” rating for the company in a research note on Wednesday, February 18th. Wells Fargo & Company raised their price objective on shares of Cadence Design Systems from $375.00 to $400.00 and gave the company an “overweight” rating in a research note on Tuesday. Piper Sandler raised their target price on shares of Cadence Design Systems from $319.00 to $325.00 and gave the company a “neutral” rating in a report on Tuesday. KeyCorp raised 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. Finally, Citigroup raised their price objective on shares of Cadence Design Systems from $385.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday. Fourteen 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.com, the company currently has a consensus 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.