OMERS ADMINISTRATION Corp Buys 2,806 Shares of Cadence Design Systems, Inc. $CDNS

OMERS ADMINISTRATION Corp boosted its stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 28.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,595 shares of the software maker’s stock after buying an additional 2,806 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Cadence Design Systems were worth $3,500,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CDNS. Norges Bank bought a new position in Cadence Design Systems during the 4th quarter worth approximately $1,352,922,000. J. Stern & Co. LLP increased its holdings in Cadence Design Systems by 10,159.3% in the fourth quarter. J. Stern & Co. LLP now owns 2,953,256 shares of the software maker’s stock worth $923,129,000 after purchasing an additional 2,924,470 shares in the last quarter. Wellington Management Group LLP increased its holdings in Cadence Design Systems by 218.6% in the fourth quarter. Wellington Management Group LLP now owns 2,553,225 shares of the software maker’s stock worth $798,087,000 after purchasing an additional 1,751,927 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Cadence Design Systems by 232.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,430,599 shares of the software maker’s stock valued at $397,521,000 after buying an additional 999,862 shares during the period. Finally, Scge Management L.P. acquired a new position in Cadence Design Systems in the second quarter valued at approximately $187,663,000. Institutional investors and hedge funds own 84.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CDNS shares. Wells Fargo & Company raised their price objective on shares of Cadence Design Systems from $400.00 to $425.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Stifel Nicolaus boosted their target price 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. Benchmark began coverage on shares of Cadence Design Systems in a research note on Wednesday, July 15th. They set a “buy” rating and a $450.00 target price on the stock. Robert W. Baird raised their price target on shares of Cadence Design Systems from $381.00 to $385.00 and gave the stock an “outperform” rating in a report on Tuesday, April 28th. Finally, Piper Sandler lifted their price target on shares of Cadence Design Systems from $319.00 to $325.00 and gave the company a “neutral” rating in a research note on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $393.65.

Cadence Design Systems Trading Up 3.8%

NASDAQ CDNS opened at $338.61 on Tuesday. The company has a market cap of $93.40 billion, a price-to-earnings ratio of 78.93, a P/E/G ratio of 3.86 and a beta of 1.15. Cadence Design Systems, Inc. has a 52 week low of $262.75 and a 52 week high of $416.69. The business has a 50 day moving average price of $373.77 and a 200-day moving average price of $329.63. The company has a quick ratio of 1.32, a current ratio of 1.47 and a debt-to-equity ratio of 0.38.

Cadence Design Systems (NASDAQ:CDNS) last issued its earnings results on Monday, July 27th. The software maker reported $2.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.05 by $0.06. Cadence Design Systems had a return on equity of 28.44% and a net margin of 21.18%.The company had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same period in the prior year, the firm earned $1.65 earnings per share. Cadence Design Systems’s revenue for the quarter 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. As a group, equities analysts expect that Cadence Design Systems, Inc. will post 6.23 earnings per share for the current fiscal year.

Insider Activity

In other news, VP Paul Cunningham sold 2,000 shares of Cadence Design Systems stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $391.00, for a total transaction of $782,000.00. Following the completion of the transaction, the vice president directly owned 126,586 shares in the company, valued at $49,495,126. This trade represents a 1.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paul Scannell sold 10,500 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $339.00, for a total transaction of $3,559,500.00. Following the sale, the vice president directly owned 33,946 shares of the company’s stock, valued at approximately $11,507,694. The trade was a 23.62% decrease in their ownership of the stock. 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. In the last 90 days, insiders have sold 157,057 shares of company stock valued at $60,272,277. 0.49% of the stock is currently owned by insiders.

Cadence Design Systems News Summary

Here are the key news stories impacting Cadence Design Systems this week:

• Positive Sentiment: Cadence reported second-quarter adjusted earnings of $2.11 per share, exceeding the $2.05 consensus estimate and rising from $1.65 a year earlier. Revenue was $1.58 billion, in line with expectations. Cadence Design Systems Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: The company raised its full-year 2026 outlook, projecting earnings of $8.05-$8.15 per share and revenue of approximately $6.3 billion. The higher forecast indicates management expects continued strength in AI and high-performance computing-related demand. Cadence Raises Annual Forecasts as Demand Booms for AI Chip Design
• Positive Sentiment: Third-quarter 2026 EPS guidance of $2.01-$2.07 was above the reported consensus estimate of $1.84, reinforcing expectations for near-term earnings momentum. Cadence Design Systems Beats Q2 Estimates and Raises 2026 Outlook
• Neutral Sentiment: Cadence’s operating metrics remain solid, including a 28.44% return on equity and 21.18% net margin. The shares remain well above their 52-week low but below the 52-week high, suggesting investors are weighing strong growth against elevated expectations.
• Negative Sentiment: At roughly 79 times earnings and a PEG ratio near 3.9, CDNS trades at a demanding valuation. Any slowdown in AI-related spending or failure to exceed the upgraded forecasts could increase downside risk.

About Cadence Design Systems

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.