MASTERINVEST Kapitalanlage GmbH bought a new stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS – Free Report) during the 2nd quarter, Holdings Channel reports. The firm bought 6,366 shares of the software maker’s stock, valued at approximately $2,389,000.
A number of other institutional investors have also recently made changes to their positions in CDNS. George Kaiser Family Foundation bought a new position in shares of Cadence Design Systems during the 2nd quarter valued at $725,000. MUFG Securities EMEA plc grew its holdings in shares of Cadence Design Systems by 113.9% in the fourth quarter. MUFG Securities EMEA plc now owns 11,159 shares of the software maker’s stock worth $3,488,000 after acquiring an additional 5,943 shares during the period. Sun Financial Inc bought a new stake in shares of Cadence Design Systems in the fourth quarter worth $1,225,000. Leonteq Securities AG purchased a new stake in Cadence Design Systems during the fourth quarter valued at $1,105,000. Finally, Indivisible Partners bought a new position in Cadence Design Systems in the fourth quarter valued at about $4,795,000. Hedge funds and other institutional investors own 84.85% of the company’s stock.
Analyst Ratings Changes
CDNS has been the topic of several research reports. Bank of America raised their target price on Cadence Design Systems from $400.00 to $420.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. Morgan Stanley reaffirmed an “overweight” rating and set a $400.00 price target on shares of Cadence Design Systems in a research report on Wednesday, July 29th. Weiss Ratings upgraded shares of Cadence Design Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 30th. Piper Sandler raised their price objective on shares of Cadence Design Systems from $325.00 to $349.00 and gave the stock a “neutral” rating in a report on Tuesday, July 28th. Finally, Rosenblatt Securities boosted their target price on shares of Cadence Design Systems from $410.00 to $420.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. Thirteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $405.69.
Cadence Design Systems Stock Up 3.8%
Shares of CDNS opened at $347.55 on Friday. The business’s 50 day moving average is $349.11 and its 200 day moving average is $333.21. The company has a market capitalization of $95.71 billion, a PE ratio of 69.10, a price-to-earnings-growth ratio of 3.59 and a beta of 1.15. Cadence Design Systems, Inc. has a 12-month low of $262.75 and a 12-month high of $416.69. The company has a current ratio of 1.74, a quick ratio of 1.53 and a debt-to-equity ratio of 0.36.
Cadence Design Systems (NASDAQ:CDNS – Get Free Report) last posted its quarterly earnings results on Monday, July 27th. The software maker reported $2.11 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.06. Cadence Design Systems had a return on equity of 27.98% and a net margin of 23.60%.The company had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the previous year, the firm earned $1.65 EPS. The firm’s revenue was up 24.2% compared to the same quarter last year. 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. Research analysts expect that Cadence Design Systems, Inc. will post 6.4 earnings per share for the current fiscal year.
Insider Transactions at Cadence Design Systems
In related news, VP Paul Cunningham sold 2,000 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $323.32, for a total transaction of $646,640.00. Following the completion of the transaction, the vice president directly owned 124,586 shares of the company’s stock, valued at approximately $40,281,145.52. This trade represents a 1.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Anirudh Devgan sold 51,822 shares of Cadence Design Systems stock in a transaction on Monday, June 1st. The shares were sold at an average price of $395.00, for a total transaction of $20,469,690.00. Following the completion of the sale, the chief executive officer owned 278,524 shares in the company, valued at approximately $110,016,980. This represents a 15.69% 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 three months, insiders have sold 91,129 shares of company stock valued at $36,206,647. 0.49% of the stock is owned by corporate insiders.
About Cadence Design Systems
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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