Green Alpha Advisors LLC Makes New $1.04 Million Investment in Cadence Design Systems, Inc. $CDNS

Green Alpha Advisors LLC acquired a new position in Cadence Design Systems, Inc. (NASDAQ:CDNS) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 2,761 shares of the software maker’s stock, valued at approximately $1,036,000.

Other large investors have also recently made changes to their positions in the company. OneAscent Investment Solutions LLC acquired a new stake in Cadence Design Systems in the second quarter worth $370,000. OneAscent Family Office LLC acquired a new position in shares of Cadence Design Systems during the second quarter worth about $208,000. Allworth Financial LP acquired a new position in shares of Cadence Design Systems during the second quarter worth about $3,223,000. B. Metzler seel. Sohn & Co. AG bought a new position in shares of Cadence Design Systems during the second quarter worth about $9,022,000. Finally, TrinityBridge Ltd acquired a new stake in Cadence Design Systems in the 2nd quarter valued at approximately $26,059,000. 84.85% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Cadence Design Systems news, Director James D. Plummer sold 1,511 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $381.34, for a total transaction of $576,204.74. Following the sale, the director directly 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paul Scannell sold 7,081 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $393.91, for a total transaction of $2,789,276.71. Following the completion of the sale, the vice president owned 32,181 shares of the company’s stock, valued at approximately $12,676,417.71. This represents a 18.04% 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 a total of 89,599 shares of company stock worth $35,710,627 in the last quarter. 0.49% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on CDNS. Rosenblatt Securities boosted their target price on Cadence Design Systems from $410.00 to $420.00 and gave the company a “buy” rating in a research note on Tuesday, July 28th. Piper Sandler raised their price target on shares of Cadence Design Systems from $325.00 to $349.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 28th. Weiss Ratings upgraded shares of Cadence Design Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 30th. Bank of America boosted their price objective on shares of Cadence Design Systems from $400.00 to $420.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. Finally, Berenberg Bank set a $440.00 target price on shares of Cadence Design Systems in a report on Wednesday, May 27th. Thirteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $405.69.

Cadence Design Systems Stock Performance

CDNS opened at $319.02 on Friday. The business’s 50-day simple moving average is $353.70 and its 200 day simple moving average is $331.25. Cadence Design Systems, Inc. has a 52-week low of $262.75 and a 52-week high of $416.69. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.53 and a current ratio of 1.74. The firm has a market capitalization of $87.86 billion, a PE ratio of 63.42, a PEG ratio of 3.36 and a beta of 1.15.

Cadence Design Systems (NASDAQ:CDNS) last posted its quarterly earnings results on Monday, July 27th. The software maker reported $2.11 earnings per share for the quarter, beating analysts’ consensus estimates of $2.05 by $0.06. The firm had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.58 billion. Cadence Design Systems had a return on equity of 27.98% and a net margin of 23.60%.The business’s revenue was up 24.2% compared to the same quarter last year. During the same period last year, the company earned $1.65 earnings per share. 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, sell-side analysts expect that Cadence Design Systems, Inc. will post 6.4 earnings per share for the current fiscal year.

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.