Cadence Design Systems, Inc. $CDNS Shares Sold by NewEdge Advisors LLC

Posted by Francis Steltz on Aug 14th, 2026

NewEdge Advisors LLC lowered its position in Cadence Design Systems, Inc. (NASDAQ:CDNS – Free Report) by 15.8% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 10,716 shares of the software maker’s stock after selling 2,018 shares during the period. NewEdge Advisors LLC’s holdings in Cadence Design Systems were worth $2,978,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC lifted its stake in shares of Cadence Design Systems by 933.3% in the first quarter. Whipplewood Advisors LLC now owns 93 shares of the software maker’s stock worth $26,000 after buying an additional 84 shares in the last quarter. Brown Lisle Cummings Inc. boosted its position in Cadence Design Systems by 860.0% during the first quarter. Brown Lisle Cummings Inc. now owns 96 shares of the software maker’s stock worth $27,000 after acquiring an additional 86 shares during the last quarter. University of Texas Texas AM Investment Management Co. purchased a new stake in Cadence Design Systems during the 4th quarter valued at about $28,000. Swiss RE Ltd. purchased a new stake in Cadence Design Systems during the 4th quarter valued at about $29,000. Finally, Imprint Wealth LLC acquired a new stake in Cadence Design Systems in the 3rd quarter valued at about $31,000. Institutional investors and hedge funds own 84.85% of the company’s stock.

Cadence Design Systems Trading Up 0.2%

Shares of CDNS stock opened at $323.77 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.74 and a quick ratio of 1.53. The firm has a market cap of $89.16 billion, a PE ratio of 64.37, a price-to-earnings-growth ratio of 3.47 and a beta of 1.15. The company has a 50-day moving average of $361.75 and a two-hundred day moving average of $331.10. Cadence Design Systems, Inc. has a 1-year low of $262.75 and a 1-year high of $416.69.

Cadence Design Systems (NASDAQ:CDNS – Get Free Report) last released 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. Cadence Design Systems had a net margin of 23.60% and a return on equity of 27.98%. The business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the previous year, the firm earned $1.65 EPS. The business’s revenue was up 24.2% on a year-over-year basis. 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 predict that Cadence Design Systems, Inc. will post 6.4 EPS for the current year.

Analysts Set New Price Targets

CDNS has been the topic of several recent research reports. Citigroup boosted their target price on Cadence Design Systems from $400.00 to $420.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. Weiss Ratings upgraded Cadence Design Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 30th. Stifel Nicolaus boosted their price target on shares of Cadence Design Systems from $395.00 to $432.00 and gave the company a “buy” rating in a research report on Tuesday, June 9th. Piper Sandler upped their price objective on shares of Cadence Design Systems from $325.00 to $349.00 and gave the company a “neutral” rating in a report on Tuesday, July 28th. Finally, Benchmark restated a “buy” rating on shares of Cadence Design Systems in a research report on Tuesday, July 28th. Thirteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Cadence Design Systems currently has an average rating of “Moderate Buy” and a consensus price target of $405.69.

Get Our Latest Stock Analysis on Cadence Design Systems

Insider Buying and Selling

In other Cadence Design Systems news, CEO Anirudh Devgan sold 25,005 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $415.00, for a total transaction of $10,377,075.00. Following the transaction, the chief executive officer directly owned 253,519 shares in the company, valued at $105,210,385. This represents a 8.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James D. Plummer sold 1,511 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $381.34, for a total value of $576,204.74. Following the transaction, the director owned 23,264 shares of the company’s stock, valued at approximately $8,871,493.76. This represents a 6.10% 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. Insiders have sold 140,557 shares of company stock valued at $54,631,737 over the last quarter. 0.49% of the stock is owned by corporate insiders.

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.