Mitsubishi UFJ Asset Management Co. Ltd. Makes New Investment in Cadence Design Systems, Inc. $CDNS

Posted by Brian Himes on Aug 18th, 2026

Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 780,375 shares of the software maker’s stock, valued at approximately $292,890,000. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.28% of Cadence Design Systems at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Brighton Jones LLC boosted its position in Cadence Design Systems by 80.2% in the 4th quarter. Brighton Jones LLC now owns 1,519 shares of the software maker’s stock valued at $456,000 after buying an additional 676 shares during the period. Integrated Wealth Concepts LLC increased its position in shares of Cadence Design Systems by 3.8% during the first quarter. Integrated Wealth Concepts LLC now owns 2,203 shares of the software maker’s stock worth $560,000 after acquiring an additional 80 shares during the period. Thompson Davis & CO. Inc. bought a new stake in shares of Cadence Design Systems during the second quarter valued at approximately $205,000. NewEdge Advisors LLC raised its stake in shares of Cadence Design Systems by 39.3% during the second quarter. NewEdge Advisors LLC now owns 34,787 shares of the software maker’s stock valued at $10,720,000 after acquiring an additional 9,807 shares in the last quarter. Finally, Glenview Trust co bought a new position in Cadence Design Systems in the second quarter worth approximately $226,000. 84.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CDNS. KeyCorp reaffirmed an “overweight” rating on shares of Cadence Design Systems in a research report on Tuesday, July 28th. Bank of America raised their price target on Cadence Design Systems from $400.00 to $420.00 and gave the company a “buy” rating in a research note on Tuesday, July 28th. Morgan Stanley restated an “overweight” rating and issued a $400.00 price objective on shares of Cadence Design Systems in a report on Wednesday, July 29th. Weiss Ratings raised shares of Cadence Design Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 30th. Finally, Wall Street Zen upgraded shares of Cadence Design Systems from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Thirteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Cadence Design Systems has a consensus rating of “Moderate Buy” and a consensus target price of $405.69.

Read Our Latest Stock Analysis on Cadence Design Systems

Insider Buying and Selling

In other news, Director Ita M. Brennan sold 180 shares of the firm’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 sale, the director directly owned 8,004 shares in the company, valued at approximately $3,101,149.80. This trade represents a 2.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James D. Plummer sold 1,511 shares of Cadence Design Systems stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $381.34, for a total transaction of $576,204.74. Following the completion of the transaction, the director directly owned 23,264 shares in the company, valued at approximately $8,871,493.76. The trade was a 6.10% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 139,486 shares of company stock valued at $54,262,177 over the last three months. Corporate insiders own 0.49% of the company’s stock.

Cadence Design Systems Stock Down 0.4%

Cadence Design Systems stock opened at $323.47 on Tuesday. The company has a quick ratio of 1.53, a current ratio of 1.74 and a debt-to-equity ratio of 0.36. The firm has a market cap of $89.08 billion, a P/E ratio of 64.31, a P/E/G ratio of 3.49 and a beta of 1.15. The business has a fifty day moving average of $359.31 and a two-hundred day moving average of $331.16. Cadence Design Systems, Inc. has a twelve month low of $262.75 and a twelve month high of $416.69.

Cadence Design Systems (NASDAQ:CDNS – Get Free Report) last announced its quarterly earnings results on Monday, July 27th. The software maker reported $2.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.05 by $0.06. The business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.58 billion. Cadence Design Systems had a return on equity of 27.98% and a net margin of 23.60%.The business’s revenue was up 24.2% compared to the same quarter last year. During the same period last year, the business posted $1.65 EPS. Cadence Design Systems has set its FY 2026 guidance at 8.050-8.150 EPS and its Q3 2026 guidance at 2.010-2.070 EPS. On average, analysts forecast that Cadence Design Systems, Inc. will post 6.4 earnings per share for the current fiscal year.

Cadence Design Systems Company Profile

(Free Report)

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.