Cadence Design Systems, Inc. $CDNS Holdings Increased by Freemont Management S.A.

Freemont Management S.A. grew its holdings in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 199.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 50,000 shares of the software maker’s stock after acquiring an additional 33,300 shares during the quarter. Cadence Design Systems makes up about 2.7% of Freemont Management S.A.’s holdings, making the stock its 9th biggest holding. Freemont Management S.A.’s holdings in Cadence Design Systems were worth $15,629,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Atria Investments Inc increased its stake in Cadence Design Systems by 2.2% in the fourth quarter. Atria Investments Inc now owns 19,700 shares of the software maker’s stock worth $6,158,000 after purchasing an additional 431 shares during the period. Biltmore Family Office LLC purchased a new stake in Cadence Design Systems in the fourth quarter worth $467,000. Ameritas Advisory Services LLC increased its stake in Cadence Design Systems by 683.9% in the fourth quarter. Ameritas Advisory Services LLC now owns 1,121 shares of the software maker’s stock worth $350,000 after purchasing an additional 978 shares during the period. Atlantic Union Bankshares Corp increased its stake in Cadence Design Systems by 44.7% in the fourth quarter. Atlantic Union Bankshares Corp now owns 5,561 shares of the software maker’s stock worth $1,738,000 after purchasing an additional 1,718 shares during the period. Finally, World Investment Advisors grew its position in shares of Cadence Design Systems by 7.1% during the 4th quarter. World Investment Advisors now owns 9,705 shares of the software maker’s stock worth $2,938,000 after buying an additional 642 shares in the last quarter. Hedge funds and other institutional investors own 84.85% of the company’s stock.

Cadence Design Systems Price Performance

Shares of CDNS stock opened at $354.55 on Thursday. Cadence Design Systems, Inc. has a 1-year low of $262.75 and a 1-year high of $376.45. The stock’s 50-day moving average is $305.16 and its 200 day moving average is $310.46. The company has a market cap of $97.79 billion, a P/E ratio of 82.65, a PEG ratio of 4.24 and a beta of 1.13. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.47 and a quick ratio of 1.32.

Cadence Design Systems (NASDAQ:CDNS) last issued its quarterly earnings data on Monday, April 27th. The software maker reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.05. Cadence Design Systems had a return on equity of 28.44% and a net margin of 21.18%.The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter last year, the company earned $1.57 earnings per share. The firm’s revenue for the quarter was up 18.6% compared to the same quarter last year. 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 predict that Cadence Design Systems, Inc. will post 6.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CDNS. Needham & Company LLC reissued a “buy” rating and set a $400.00 price target on shares of Cadence Design Systems in a research report on Tuesday, April 28th. Rosenblatt Securities reissued a “buy” rating and set a $360.00 price target on shares of Cadence Design Systems in a research report on Friday, April 24th. Robert W. Baird increased their price target on Cadence Design Systems from $381.00 to $385.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 28th. Morgan Stanley dropped their price target on Cadence Design Systems from $385.00 to $370.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 18th. Finally, Citigroup increased their price target on Cadence Design Systems from $385.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Fourteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $380.59.

Insider Buying and Selling

In related news, CFO John M. Wall sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $348.71, for a total transaction of $1,743,550.00. Following the sale, the chief financial officer owned 81,875 shares of the company’s stock, valued at $28,550,631.25. This trade represents a 5.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paul Cunningham sold 1,000 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $337.49, for a total value of $337,490.00. Following the sale, the vice president directly owned 127,586 shares in the company, valued at approximately $43,058,999.14. The trade was a 0.78% decrease in their position. 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 sold 40,180 shares of company stock worth $12,924,790 in the last three months. 0.49% of the stock is owned by company insiders.

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.