Lyell Wealth Management LP boosted its position in Cadence Design Systems, Inc. (NASDAQ:CDNS – Free Report) by 2.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 52,277 shares of the software maker’s stock after purchasing an additional 1,493 shares during the quarter. Cadence Design Systems comprises approximately 1.2% of Lyell Wealth Management LP’s portfolio, making the stock its 27th largest holding. Lyell Wealth Management LP’s holdings in Cadence Design Systems were worth $16,341,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of CDNS. Y.D. More Investments Ltd bought a new position in shares of Cadence Design Systems during the 3rd quarter worth approximately $26,000. Caitlin John LLC acquired a new position in Cadence Design Systems during the third quarter worth $29,000. Lodestone Wealth Management LLC bought a new position in Cadence Design Systems in the fourth quarter valued at $30,000. Imprint Wealth LLC acquired a new stake in Cadence Design Systems in the 3rd quarter valued at $31,000. Finally, MidAtlantic Capital Management Inc. acquired a new stake in Cadence Design Systems in the 4th quarter valued at $32,000. Institutional investors and hedge funds own 84.85% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on the stock. KeyCorp lifted their price target on shares of Cadence Design Systems from $405.00 to $425.00 and gave the company an “overweight” rating in a research note on Tuesday, April 28th. Berenberg Bank set a $440.00 price target on Cadence Design Systems in a research note on Wednesday, May 27th. Robert W. Baird raised their price target on Cadence Design Systems from $381.00 to $385.00 and gave the company an “outperform” rating in a research note on Tuesday, April 28th. Needham & Company LLC restated a “buy” rating and issued a $400.00 price target on shares of Cadence Design Systems in a research note on Tuesday, April 28th. Finally, Citigroup raised their price target on Cadence Design Systems from $385.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Fourteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $386.59.
Cadence Design Systems Stock Performance
Shares of NASDAQ CDNS opened at $383.74 on Friday. The company has a current ratio of 1.47, a quick ratio of 1.32 and a debt-to-equity ratio of 0.38. Cadence Design Systems, Inc. has a 12 month low of $262.75 and a 12 month high of $416.69. The stock has a 50 day moving average of $342.23 and a 200-day moving average of $318.27. The company has a market capitalization of $105.84 billion, a P/E ratio of 89.45, a P/E/G ratio of 4.56 and a beta of 1.15.
Cadence Design Systems (NASDAQ:CDNS – Get Free Report) last released its quarterly earnings results on Monday, April 27th. The software maker reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.05. The business had revenue of $1.47 billion during 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 firm’s revenue for the quarter was up 18.6% compared to the same quarter last year. During the same period last 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. As a group, equities research analysts predict that Cadence Design Systems, Inc. will post 6.23 EPS for the current year.
Insider Transactions at Cadence Design Systems
In related news, VP Paul Cunningham sold 1,000 shares of Cadence Design Systems stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $337.49, for a total transaction of $337,490.00. Following the completion of the sale, the vice president directly owned 127,586 shares of the company’s stock, valued at approximately $43,058,999.14. This trade represents a 0.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO John M. Wall sold 5,000 shares of Cadence Design Systems stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $348.71, for a total value of $1,743,550.00. Following the sale, the chief financial officer directly owned 81,875 shares of the company’s stock, valued at approximately $28,550,631.25. The trade was a 5.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 176,046 shares of company stock valued at $65,830,801. 0.49% of the stock is currently owned by company insiders.
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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