Cadence Design Systems, Inc. $CDNS Stock Bought by NFSG Corp

NFSG Corp increased its holdings in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 47.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,986 shares of the software maker’s stock after buying an additional 2,570 shares during the period. NFSG Corp’s holdings in Cadence Design Systems were worth $2,604,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Van ECK Associates Corp raised its holdings in Cadence Design Systems by 21.8% in the 2nd quarter. Van ECK Associates Corp now owns 4,889,765 shares of the software maker’s stock valued at $1,835,227,000 after acquiring an additional 874,392 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Cadence Design Systems by 1.5% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,385,655 shares of the software maker’s stock worth $1,270,704,000 after purchasing an additional 48,937 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Cadence Design Systems by 1,097.5% in the third quarter. Assenagon Asset Management S.A. now owns 2,818,141 shares of the software maker’s stock worth $930,522,000 after purchasing an additional 2,582,812 shares during the period. Amundi increased its position in shares of Cadence Design Systems by 3.8% in the first quarter. Amundi now owns 2,060,334 shares of the software maker’s stock worth $572,488,000 after purchasing an additional 75,492 shares during the period. Finally, Legal & General Group Plc bought a new position in shares of Cadence Design Systems in the second quarter worth $702,615,000. 84.85% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, VP Paul Scannell sold 280 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $339.00, for a total value of $94,920.00. Following the sale, the vice president directly owned 31,720 shares of the company’s stock, valued at $10,753,080. This trade represents a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paul Cunningham sold 2,000 shares of Cadence Design Systems stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $277.12, for a total value of $554,240.00. Following the completion of the transaction, the vice president owned 121,793 shares in the company, valued at approximately $33,751,276.16. This represents a 1.62% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 6,960 shares of company stock valued at $2,185,879 in the last quarter. Corporate insiders own 0.49% of the company’s stock.

Cadence Design Systems Stock Down 1.5%

NASDAQ CDNS opened at $324.38 on Friday. The business has a fifty day moving average price of $319.25 and a two-hundred day moving average price of $338.97. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.74 and a quick ratio of 1.53. Cadence Design Systems, Inc. has a fifty-two week low of $262.75 and a fifty-two week high of $416.69. The stock has a market capitalization of $89.33 billion, a PE ratio of 64.49, a PEG ratio of 3.52 and a beta of 1.13.

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, beating analysts’ consensus estimates of $2.05 by $0.06. Cadence Design Systems had a return on equity of 27.98% and a net margin of 23.60%. The firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter last year, the business posted $1.65 EPS. The company’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 analysts expect that Cadence Design Systems, Inc. will post 6.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on CDNS shares. Weiss Ratings downgraded Cadence Design Systems from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, September 25th. KeyCorp reiterated an “overweight” rating on shares of Cadence Design Systems in a research note on Tuesday, July 28th. Rosenblatt Securities increased their price objective on shares of Cadence Design Systems from $410.00 to $420.00 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. Benchmark reissued a “buy” rating on shares of Cadence Design Systems in a report on Tuesday, July 28th. Finally, Citigroup boosted their target price on shares of Cadence Design Systems from $400.00 to $420.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Cadence Design Systems has a consensus rating of “Moderate Buy” and a consensus price target of $404.14.

Cadence Design Systems Company Profile

Cadence Design Systems, Inc is a technology company that develops electronic design automation (EDA) software, hardware, and semiconductor intellectual property. Its products help engineers design, verify, analyze, and manufacture complex semiconductor chips, printed circuit boards, and electronic systems.

The company’s offerings include digital and custom/analog integrated-circuit design tools, functional verification and emulation platforms, semiconductor intellectual property, and system analysis solutions.