Cadence Design Systems, Inc. $CDNS Stock Holdings Boosted by Trillium Asset Management LLC

Trillium Asset Management LLC lifted its position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 8.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 91,334 shares of the software maker’s stock after acquiring an additional 7,230 shares during the period. Trillium Asset Management LLC’s holdings in Cadence Design Systems were worth $28,917,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Y.D. More Investments Ltd bought a new position in shares of Cadence Design Systems during the third quarter worth about $26,000. Caitlin John LLC bought a new position in shares of Cadence Design Systems during the third quarter worth about $29,000. Imprint Wealth LLC bought a new position in shares of Cadence Design Systems during the third quarter worth about $31,000. Swiss RE Ltd. bought a new position in shares of Cadence Design Systems during the fourth quarter worth about $29,000. Finally, Lodestone Wealth Management LLC bought a new position in shares of Cadence Design Systems during the fourth quarter worth about $30,000. Institutional investors own 84.85% of the company’s stock.

Insider Buying and Selling

In other Cadence Design Systems news, Director Ita M. Brennan sold 180 shares of the company’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $387.45, for a total value of $69,741.00. Following the completion of the sale, the director directly owned 8,004 shares of the company’s stock, valued at approximately $3,101,149.80. This represents a 2.20% decrease in their position. The sale was disclosed in a legal filing 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, CEO Anirudh Devgan sold 25,005 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $415.00, for a total transaction of $10,377,075.00. Following the completion of the sale, the chief executive officer directly owned 253,519 shares of the company’s stock, valued at $105,210,385. The trade was a 8.98% 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 176,226 shares of company stock worth $65,900,542 in the last ninety days. Insiders own 0.49% of the company’s stock.

Cadence Design Systems Stock Performance

Shares of CDNS opened at $384.96 on Friday. The firm has a 50-day moving average price of $344.32 and a 200 day moving average price of $318.73. The firm has a market capitalization of $106.18 billion, a PE ratio of 89.73, a P/E/G ratio of 4.54 and a beta of 1.15. 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 52-week low of $262.75 and a 52-week high of $416.69.

Cadence Design Systems (NASDAQ:CDNS) last announced its earnings results on Monday, April 27th. The software maker reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.05. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.46 billion. Cadence Design Systems had a net margin of 21.18% and a return on equity of 28.44%. Cadence Design Systems’s revenue was up 18.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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. On average, sell-side analysts anticipate that Cadence Design Systems, Inc. will post 6.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

CDNS has been the subject of several recent research reports. Robert W. Baird upped their price target on shares of Cadence Design Systems from $381.00 to $385.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 28th. Wells Fargo & Company upped their price target on shares of Cadence Design Systems from $400.00 to $425.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Needham & Company LLC restated a “buy” rating and set a $400.00 price target on shares of Cadence Design Systems in a research report on Tuesday, April 28th. Citigroup upped their price target on shares of Cadence Design Systems from $385.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, Stifel Nicolaus increased their target price on shares of Cadence Design Systems from $395.00 to $432.00 and gave the company a “buy” rating in a research report on Tuesday. Fourteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $386.59.

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.