Waterway Wealth Management LLC Has $992,000 Stock Position in Cadence Design Systems, Inc. $CDNS

Posted by Brian Himes on Jun 17th, 2026

Waterway Wealth Management LLC grew its holdings in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS – Free Report) by 128.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,175 shares of the software maker’s stock after acquiring an additional 1,783 shares during the period. Waterway Wealth Management LLC’s holdings in Cadence Design Systems were worth $992,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Y.D. More Investments Ltd acquired a new position in shares of Cadence Design Systems during the third quarter valued at about $26,000. Caitlin John LLC acquired a new position in shares of Cadence Design Systems during the third quarter valued at about $29,000. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Cadence Design Systems during the fourth quarter valued at about $28,000. Imprint Wealth LLC purchased a new position in Cadence Design Systems during the 3rd quarter worth $31,000. Finally, Swiss RE Ltd. purchased a new position in Cadence Design Systems during the 4th quarter worth $29,000. 84.85% of the stock is currently owned by institutional investors and hedge funds.

Cadence Design Systems Trading Down 1.7%

Shares of CDNS stock opened at $387.85 on Wednesday. Cadence Design Systems, Inc. has a 52-week low of $262.75 and a 52-week high of $416.69. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.32 and a current ratio of 1.47. The company has a 50-day simple moving average of $348.82 and a two-hundred day simple moving average of $320.05. The company has a market capitalization of $106.98 billion, a price-to-earnings ratio of 90.41, a PEG ratio of 4.67 and a beta of 1.15.

Cadence Design Systems (NASDAQ:CDNS – Get Free Report) last issued its quarterly earnings data on Monday, April 27th. The software maker reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.05. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.46 billion. Cadence Design Systems had a net margin of 21.18% and a return on equity of 28.44%. The firm’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same period in the prior 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. Research analysts anticipate that Cadence Design Systems, Inc. will post 6.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CDNS shares. Needham & Company LLC reiterated a “buy” rating and issued a $400.00 target price on shares of Cadence Design Systems in a report on Tuesday, April 28th. Citigroup upped their price objective on shares of Cadence Design Systems from $385.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Robert W. Baird upped their price objective on shares of Cadence Design Systems from $381.00 to $385.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 28th. Piper Sandler upped their price objective on shares of Cadence Design Systems from $319.00 to $325.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 28th. Finally, KeyCorp upped their price objective on shares of Cadence Design Systems from $405.00 to $425.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 28th. Fourteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Cadence Design Systems has a consensus rating of “Moderate Buy” and a consensus target price of $386.59.

View Our Latest Stock Report on Cadence Design Systems

Insider Transactions at Cadence Design Systems

In other Cadence Design Systems news, CFO John M. Wall sold 21,500 shares of the business’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $309.45, for a total value of $6,653,175.00. Following the transaction, the chief financial officer directly owned 86,875 shares in the company, valued at $26,883,468.75. The trade was a 19.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paul Cunningham sold 1,000 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $337.49, for a total transaction of $337,490.00. Following the completion of the transaction, the vice president owned 127,586 shares in the company, valued at approximately $43,058,999.14. The trade was a 0.78% 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 177,557 shares of company stock valued at $66,423,642. Corporate insiders own 0.49% of the company’s stock.

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.