North Dakota State Investment Board acquired a new stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS – Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 9,358 shares of the software maker’s stock, valued at approximately $2,925,000.
Other hedge funds also recently made changes to their positions in the company. Y.D. More Investments Ltd bought a new position in shares of Cadence Design Systems during the 3rd quarter valued at approximately $26,000. Caitlin John LLC bought a new position in shares of Cadence Design Systems during the 3rd quarter valued at approximately $29,000. Lodestone Wealth Management LLC bought a new position in shares of Cadence Design Systems during the 4th quarter valued at approximately $30,000. Imprint Wealth LLC bought a new position in shares of Cadence Design Systems during the 3rd quarter valued at approximately $31,000. Finally, Strategic Wealth Investment Group LLC bought a new position in shares of Cadence Design Systems during the 2nd quarter valued at approximately $32,000. 84.85% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In related news, CFO John M. Wall sold 5,000 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $348.71, for a total transaction of $1,743,550.00. Following the sale, the chief financial officer owned 81,875 shares in the company, valued at approximately $28,550,631.25. This represents a 5.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paul Cunningham sold 1,000 shares of the stock in a transaction on Friday, May 1st. The shares were sold at an average price of $337.49, for a total value of $337,490.00. Following the sale, the vice president owned 127,586 shares in the company, valued at $43,058,999.14. The trade was a 0.78% 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. Over the last 90 days, insiders have sold 40,180 shares of company stock worth $12,924,790. 0.49% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Read Our Latest Stock Analysis on CDNS
Cadence Design Systems Stock Down 0.4%
Shares of CDNS opened at $345.99 on Tuesday. The stock has a market capitalization of $95.43 billion, a price-to-earnings ratio of 80.65, a price-to-earnings-growth ratio of 4.11 and a beta of 1.13. Cadence Design Systems, Inc. has a 1 year low of $262.75 and a 1 year high of $376.45. The business’s 50 day simple moving average is $307.96 and its 200-day simple moving average is $310.52. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.47 and a quick ratio of 1.32.
Cadence Design Systems (NASDAQ:CDNS – Get Free Report) last issued its quarterly earnings data on Monday, April 27th. The software maker reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.05. The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Cadence Design Systems had a return on equity of 28.44% and a net margin of 21.18%.The company’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same period in the prior year, the firm earned $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. As a group, equities analysts expect that Cadence Design Systems, Inc. will post 6.23 earnings per share 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.
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