Sax Wealth Advisors LLC purchased a new stake in Cadence Design Systems, Inc. (NASDAQ:CDNS – Free Report) in the 3rd quarter, Holdings Channel reports. The firm purchased 28,827 shares of the software maker’s stock, valued at approximately $9,518,000.
A number of other hedge funds also recently modified their holdings of the business. George Kaiser Family Foundation purchased a new stake in Cadence Design Systems during the second quarter valued at about $725,000. Vega Investment Solutions bought a new position in shares of Cadence Design Systems during the second quarter valued at approximately $1,957,000. MassMutual Private Wealth & Trust FSB increased its position in shares of Cadence Design Systems by 65.7% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 26,160 shares of the software maker’s stock valued at $8,638,000 after acquiring an additional 10,376 shares in the last quarter. Osmosis Investment Management UK Ltd purchased a new position in Cadence Design Systems in the 2nd quarter worth approximately $5,238,000. Finally, Lombard Odier Asset Management Europe Ltd increased its holdings in shares of Cadence Design Systems by 30.9% in the 1st quarter. Lombard Odier Asset Management Europe Ltd now owns 52,941 shares of the software maker’s stock worth $14,711,000 after purchasing an additional 12,495 shares in the last quarter. Institutional investors and hedge funds own 84.85% of the company’s stock.
Insider Activity at Cadence Design Systems
In other Cadence Design Systems news, VP Paul Scannell sold 280 shares of the business’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $339.00, for a total transaction of $94,920.00. Following the sale, the vice president owned 31,720 shares in the company, valued at approximately $10,753,080. The trade was a 0.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ita M. Brennan sold 180 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $285.51, for a total transaction of $51,391.80. Following the transaction, the director directly owned 7,824 shares of the company’s stock, valued at $2,233,830.24. This represents a 2.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 6,960 shares of company stock valued at $2,185,879 over the last 90 days. Company insiders own 0.49% of the company’s stock.
Analyst Ratings Changes
Read Our Latest Stock Analysis on Cadence Design Systems
Cadence Design Systems Stock Down 3.1%
NASDAQ:CDNS traded down $10.76 during mid-day trading on Tuesday, reaching $337.66. The company’s stock had a trading volume of 748,269 shares, compared to its average volume of 2,436,325. The firm has a market capitalization of $92.99 billion, a PE ratio of 67.09, a price-to-earnings-growth ratio of 3.78 and a beta of 1.13. Cadence Design Systems, Inc. has a 1 year low of $262.75 and a 1 year high of $416.69. 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 stock has a fifty day moving average of $319.81 and a 200-day moving average of $337.89.
Cadence Design Systems (NASDAQ:CDNS – Get Free Report) last released its quarterly earnings results on Monday, July 27th. The software maker reported $2.11 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same period in the previous year, the company posted $1.65 EPS. The business’s revenue for the quarter 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. Equities research analysts forecast that Cadence Design Systems, Inc. will post 6.41 earnings per share for the current year.
Cadence Design Systems Company Profile
Cadence Design Systems, Inc is a technology company that develops electronic design automation (EDA) software, hardware, and semiconductor intellectual property. Its products help engineers design, verify, analyze, and manufacture complex semiconductor chips, printed circuit boards, and electronic systems.
The company’s offerings include digital and custom/analog integrated-circuit design tools, functional verification and emulation platforms, semiconductor intellectual property, and system analysis solutions.
Featured Stories
- Five stocks we like better than Cadence Design Systems
- Surgical Precision, Sustainable Returns: Johnson & Johnson Secures its Cash Flow Runway
- Tesla’s Robotaxi Lands in Paris—But Europe’s Real Fight Is Over Cheap EVs
- IonQ Fell 9% on a $1.3 Billion Deal—Is Wall Street Missing Something?
- JPMorgan Earnings Miss Estimates But Reveal Broad-Based Strength
Want to see what other hedge funds are holding CDNS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cadence Design Systems, Inc. (NASDAQ:CDNS – Free Report).
Receive News & Ratings for Cadence Design Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cadence Design Systems and related companies with MarketBeat.com's FREE daily email newsletter.
