Lecap Asset Management Ltd. Invests $1.06 Million in Cadence Design Systems, Inc. $CDNS

Lecap Asset Management Ltd. purchased a new position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 3,375 shares of the software maker’s stock, valued at approximately $1,055,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Y.D. More Investments Ltd bought a new position in shares of Cadence Design Systems during the 3rd quarter worth $26,000. Caitlin John LLC bought a new position in shares of Cadence Design Systems during the 3rd quarter worth $29,000. Imprint Wealth LLC bought a new position in shares of Cadence Design Systems during the 3rd quarter worth $31,000. Lodestone Wealth Management LLC bought a new position in shares of Cadence Design Systems during the 4th quarter worth $30,000. Finally, Robbins Farley bought a new position in shares of Cadence Design Systems during the 3rd quarter worth $35,000. Institutional investors own 84.85% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on CDNS shares. Rosenblatt Securities reiterated a “buy” rating and set a $360.00 price target on shares of Cadence Design Systems in a research note on Thursday, February 26th. Morgan Stanley cut their price target on Cadence Design Systems from $385.00 to $370.00 and set an “overweight” rating for the company in a research note on Wednesday, February 18th. Piper Sandler cut their price target on Cadence Design Systems from $355.00 to $319.00 and set a “neutral” rating for the company in a research note on Wednesday, February 18th. Wells Fargo & Company cut their target price on Cadence Design Systems from $410.00 to $375.00 and set an “overweight” rating for the company in a research note on Wednesday, February 18th. Finally, Stifel Nicolaus set a $395.00 target price on Cadence Design Systems in a research note on Wednesday, February 18th. Fifteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Cadence Design Systems has an average rating of “Moderate Buy” and an average target price of $376.50.

Cadence Design Systems Stock Up 1.3%

Shares of NASDAQ CDNS opened at $311.03 on Friday. Cadence Design Systems, Inc. has a 52 week low of $247.70 and a 52 week high of $376.45. The business has a 50-day simple moving average of $290.81 and a two-hundred day simple moving average of $310.28. The company has a quick ratio of 2.67, a current ratio of 2.86 and a debt-to-equity ratio of 0.45. The company has a market cap of $85.87 billion, a P/E ratio of 76.61, a P/E/G ratio of 3.69 and a beta of 1.04.

Cadence Design Systems (NASDAQ:CDNS) last issued its quarterly earnings results on Tuesday, February 17th. The software maker reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.08. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.42 billion. Cadence Design Systems had a return on equity of 29.34% and a net margin of 20.93%.The company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter last year, the company posted $1.88 EPS. Cadence Design Systems has set its Q1 2026 guidance at 1.890-1.950 EPS and its FY 2026 guidance at 8.050-8.150 EPS. Research analysts anticipate that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current fiscal year.

Insider Transactions at Cadence Design Systems

In other news, VP Paul Cunningham sold 1,000 shares of Cadence Design Systems stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $280.19, for a total transaction of $280,190.00. Following the completion of the sale, the vice president owned 128,586 shares in the company, valued at approximately $36,028,511.34. This trade represents a 0.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ita M. Brennan sold 180 shares of Cadence Design Systems stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $295.03, for a total value of $53,105.40. Following the sale, the director owned 7,470 shares of the company’s stock, valued at approximately $2,203,874.10. This trade represents a 2.35% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 3,185 shares of company stock valued at $927,728. Corporate insiders own 0.49% of the company’s stock.

Cadence Design Systems Company Profile

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.