Tamar Securities LLC raised its position in Cadence Design Systems, Inc. (NASDAQ:CDNS – Free Report) by 6.7% in the fourth quarter, Holdings Channel reports. The fund owned 46,793 shares of the software maker’s stock after buying an additional 2,951 shares during the period. Cadence Design Systems makes up approximately 1.5% of Tamar Securities LLC’s portfolio, making the stock its 26th biggest holding. Tamar Securities LLC’s holdings in Cadence Design Systems were worth $14,627,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the company. Spirepoint Private Client LLC lifted its stake in Cadence Design Systems by 4.6% in the fourth quarter. Spirepoint Private Client LLC now owns 722 shares of the software maker’s stock worth $226,000 after acquiring an additional 32 shares during the last quarter. West Family Investments Inc. lifted its stake in Cadence Design Systems by 2.2% in the third quarter. West Family Investments Inc. now owns 1,559 shares of the software maker’s stock worth $548,000 after acquiring an additional 33 shares during the last quarter. Townsquare Capital LLC lifted its stake in Cadence Design Systems by 3.6% in the fourth quarter. Townsquare Capital LLC now owns 977 shares of the software maker’s stock worth $305,000 after acquiring an additional 34 shares during the last quarter. Pinnacle Associates Ltd. lifted its stake in Cadence Design Systems by 3.4% in the third quarter. Pinnacle Associates Ltd. now owns 1,079 shares of the software maker’s stock worth $379,000 after acquiring an additional 35 shares during the last quarter. Finally, Global Assets Advisory LLC lifted its stake in Cadence Design Systems by 2.1% in the fourth quarter. Global Assets Advisory LLC now owns 1,726 shares of the software maker’s stock worth $540,000 after acquiring an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 84.85% of the company’s stock.
Insider Buying and Selling at Cadence Design Systems
In other news, CEO Anirudh Devgan sold 51,887 shares of Cadence Design Systems stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $370.00, for a total value of $19,198,190.00. Following the transaction, the chief executive officer directly owned 303,525 shares of the company’s stock, valued at $112,304,250. The trade was a 14.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paul Scannell sold 10,500 shares of Cadence Design Systems stock in a transaction on Friday, May 1st. The shares were sold at an average price of $339.00, for a total transaction of $3,559,500.00. Following the completion of the transaction, the vice president directly owned 33,946 shares in the company, valued at $11,507,694. The trade was a 23.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 176,226 shares of company stock valued at $65,900,542. Insiders own 0.49% of the company’s stock.
Cadence Design Systems Stock Performance
Cadence Design Systems (NASDAQ:CDNS – Get Free Report) last announced its earnings results on Monday, April 27th. The software maker reported $1.96 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 21.18% and a return on equity of 28.44%. The company’s quarterly revenue was up 18.6% on a year-over-year basis. During the same period in the previous year, the company 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 analysts forecast that Cadence Design Systems, Inc. will post 6.23 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on CDNS shares. Citigroup lifted 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 note on Wednesday, April 29th. Stifel Nicolaus raised their price objective on shares of Cadence Design Systems from $395.00 to $432.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Wells Fargo & Company raised their price objective on shares of Cadence Design Systems from $400.00 to $425.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Piper Sandler raised their price objective on shares of Cadence Design Systems from $319.00 to $325.00 and gave the stock a “neutral” rating in a report on Tuesday, April 28th. Finally, Morgan Stanley cut their price objective on shares of Cadence Design Systems from $385.00 to $370.00 and set an “overweight” rating on the stock in a report on Wednesday, February 18th. Fourteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Cadence Design Systems has an average rating of “Moderate Buy” and an average price target of $386.59.
Check Out Our Latest Stock Report on CDNS
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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