Cadence Design Systems, Inc. $CDNS Stock Position Raised by Clearstead Trust LLC

Clearstead Trust LLC lifted its position in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 1,369.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,969 shares of the software maker’s stock after acquiring an additional 1,835 shares during the quarter. Clearstead Trust LLC’s holdings in Cadence Design Systems were worth $615,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. CYBER HORNET ETFs LLC lifted its position in shares of Cadence Design Systems by 5.7% in the 4th quarter. CYBER HORNET ETFs LLC now owns 782 shares of the software maker’s stock valued at $244,000 after acquiring an additional 42 shares in the last quarter. Clearstead Advisors LLC lifted its position in shares of Cadence Design Systems by 37.2% in the 4th quarter. Clearstead Advisors LLC now owns 3,769 shares of the software maker’s stock valued at $1,178,000 after acquiring an additional 1,022 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Cadence Design Systems by 1.1% in the 4th quarter. Legal & General Group Plc now owns 1,986,468 shares of the software maker’s stock valued at $620,930,000 after acquiring an additional 22,408 shares in the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of Cadence Design Systems in the 4th quarter valued at approximately $2,962,000. Finally, Simplify Asset Management Inc. lifted its position in shares of Cadence Design Systems by 35.0% in the 4th quarter. Simplify Asset Management Inc. now owns 1,490 shares of the software maker’s stock valued at $466,000 after acquiring an additional 386 shares in the last quarter. Hedge funds and other institutional investors own 84.85% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on CDNS shares. KeyCorp upped their price target on shares of Cadence Design Systems from $405.00 to $425.00 and gave the company an “overweight” rating in a research report on Tuesday, April 28th. Citigroup raised their price target on shares of Cadence Design Systems from $385.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Needham & Company LLC reiterated a “buy” rating and issued a $400.00 target price on shares of Cadence Design Systems in a research report on Tuesday, April 28th. Stifel Nicolaus set a $395.00 target price on shares of Cadence Design Systems in a research report on Wednesday, February 18th. Finally, Robert W. Baird increased their target price 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. Fourteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $380.59.

Cadence Design Systems Price Performance

CDNS stock opened at $373.59 on Monday. Cadence Design Systems, Inc. has a 12-month low of $262.75 and a 12-month high of $381.55. The company has a quick ratio of 1.32, a current ratio of 1.47 and a debt-to-equity ratio of 0.38. The company has a market cap of $103.04 billion, a price-to-earnings ratio of 87.08, a PEG ratio of 4.42 and a beta of 1.13. The company has a 50 day moving average of $312.73 and a two-hundred day moving average of $311.01.

Cadence Design Systems (NASDAQ:CDNS) last released its earnings results 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. Cadence Design Systems had a net margin of 21.18% and a return on equity of 28.44%. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the firm earned $1.57 EPS. The company’s revenue 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. On average, equities analysts anticipate that Cadence Design Systems, Inc. will post 6.23 earnings per share for the current fiscal year.

Insider Activity at Cadence Design Systems

In other news, CFO John M. Wall sold 5,000 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $348.71, for a total transaction of $1,743,550.00. Following the transaction, the chief financial officer owned 81,875 shares in the company, valued at approximately $28,550,631.25. This trade represents a 5.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paul Scannell sold 1,071 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $345.06, for a total transaction of $369,559.26. Following the transaction, the vice president owned 32,181 shares in the company, valued at $11,104,375.86. This represents a 3.22% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 41,251 shares of company stock worth $13,294,350 in the last quarter. 0.49% of the stock is owned by corporate 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.