SwitchPoint Financial Planning LLC Takes Position in Cadence Design Systems, Inc. $CDNS

SwitchPoint Financial Planning LLC purchased a new stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 10,354 shares of the software maker’s stock, valued at approximately $3,886,000. Cadence Design Systems accounts for about 2.2% of SwitchPoint Financial Planning LLC’s holdings, making the stock its 5th largest holding.

A number of other institutional investors also recently bought and sold shares of CDNS. Norges Bank purchased a new stake in shares of Cadence Design Systems in the fourth quarter valued at $1,352,922,000. J. Stern & Co. LLP lifted its holdings in shares of Cadence Design Systems by 10,159.3% in the 4th quarter. J. Stern & Co. LLP now owns 2,953,256 shares of the software maker’s stock worth $923,129,000 after acquiring an additional 2,924,470 shares during the last quarter. Legal & General Group Plc purchased a new position in shares of Cadence Design Systems during the 2nd quarter worth about $702,615,000. Jupiter Topco LLC purchased a new position in shares of Cadence Design Systems during the 2nd quarter worth about $688,746,000. Finally, Wellington Management Group LLP grew its holdings in Cadence Design Systems by 218.6% during the 4th quarter. Wellington Management Group LLP now owns 2,553,225 shares of the software maker’s stock valued at $798,087,000 after purchasing an additional 1,751,927 shares during the last quarter. 84.85% of the stock is currently owned by institutional investors.

Insider Transactions at Cadence Design Systems

In other Cadence Design Systems news, Director Vincentelli Albert Sangiovanni sold 1,250 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $320.88, for a total value of $401,100.00. Following the sale, the director owned 40,794 shares in the company, valued at approximately $13,089,978.72. This represents a 2.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paul Scannell sold 280 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $339.00, for a total transaction of $94,920.00. Following the sale, the vice president directly owned 31,720 shares in the company, valued at $10,753,080. The trade was a 0.88% 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. Over the last ninety days, insiders have sold 91,129 shares of company stock valued at $36,206,647. 0.49% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CDNS has been the subject of several analyst reports. Stifel Nicolaus raised their price objective on shares of Cadence Design Systems from $395.00 to $432.00 and gave the stock a “buy” rating in a research note on Tuesday, June 9th. Robert W. Baird upped their target price on Cadence Design Systems from $415.00 to $420.00 and gave the company an “outperform” rating in a research note on Tuesday, July 28th. Wall Street Zen upgraded Cadence Design Systems from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Citigroup increased their price target on Cadence Design Systems from $400.00 to $420.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. Finally, Bank of America raised their price target on Cadence Design Systems from $400.00 to $420.00 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. Thirteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $405.69.

Cadence Design Systems Stock Performance

Shares of CDNS opened at $347.55 on Friday. The company has a current ratio of 1.74, a quick ratio of 1.53 and a debt-to-equity ratio of 0.36. The firm has a market cap of $95.71 billion, a PE ratio of 69.10, a P/E/G ratio of 3.59 and a beta of 1.15. Cadence Design Systems, Inc. has a 12 month low of $262.75 and a 12 month high of $416.69. The stock has a fifty day moving average price of $349.11 and a 200-day moving average price of $333.21.

Cadence Design Systems (NASDAQ:CDNS) last released its earnings results on Monday, July 27th. The software maker reported $2.11 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.06. Cadence Design Systems had a net margin of 23.60% and a return on equity of 27.98%. The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the previous year, the firm earned $1.65 EPS. Cadence Design Systems’s revenue was up 24.2% compared to the same quarter last year. 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. Equities research analysts predict that Cadence Design Systems, Inc. will post 6.4 earnings per share for the current fiscal year.

Cadence Design Systems 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.