Cadence Design Systems, Inc. $CDNS Stock Holdings Lessened by Thematics Asset Management

Thematics Asset Management trimmed its position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 10.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 146,965 shares of the software maker’s stock after selling 17,491 shares during the quarter. Cadence Design Systems comprises about 2.3% of Thematics Asset Management’s investment portfolio, making the stock its 4th largest position. Thematics Asset Management’s holdings in Cadence Design Systems were worth $51,623,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Occidental Asset Management LLC increased its holdings in Cadence Design Systems by 2.3% during the 3rd quarter. Occidental Asset Management LLC now owns 1,321 shares of the software maker’s stock valued at $464,000 after purchasing an additional 30 shares during the period. Whittier Trust Co. lifted its holdings in Cadence Design Systems by 0.4% in the 3rd quarter. Whittier Trust Co. now owns 7,072 shares of the software maker’s stock worth $2,456,000 after buying an additional 30 shares during the period. Cornerstone Wealth Group LLC grew its position in shares of Cadence Design Systems by 4.3% in the 3rd quarter. Cornerstone Wealth Group LLC now owns 777 shares of the software maker’s stock worth $273,000 after buying an additional 32 shares during the last quarter. KRS Capital Management LLC grew its position in shares of Cadence Design Systems by 1.4% in the 3rd quarter. KRS Capital Management LLC now owns 2,425 shares of the software maker’s stock worth $852,000 after buying an additional 33 shares during the last quarter. Finally, Kathmere Capital Management LLC increased its stake in shares of Cadence Design Systems by 1.4% during the third quarter. Kathmere Capital Management LLC now owns 2,336 shares of the software maker’s stock valued at $821,000 after buying an additional 33 shares during the period. 84.85% of the stock is currently owned by hedge funds and other institutional investors.

Cadence Design Systems Trading Down 1.1%

NASDAQ CDNS opened at $287.03 on Friday. The firm has a market capitalization of $78.26 billion, a PE ratio of 70.70, a P/E/G ratio of 3.48 and a beta of 1.00. The stock’s 50 day moving average is $301.94 and its 200 day moving average is $322.27. Cadence Design Systems, Inc. has a twelve month low of $221.56 and a twelve month high of $376.45. The company has a quick ratio of 2.67, a current ratio of 2.86 and a debt-to-equity ratio of 0.45.

Cadence Design Systems (NASDAQ:CDNS) last posted its quarterly earnings data on Tuesday, February 17th. The software maker reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.08. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.42 billion. Cadence Design Systems had a return on equity of 29.34% and a net margin of 20.93%.The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.88 earnings per share. Cadence Design Systems has set its Q1 2026 guidance at 1.890-1.950 EPS and its FY 2026 guidance at 8.050-8.150 EPS. Research analysts forecast that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on CDNS shares. Stifel Nicolaus set a $395.00 target price on Cadence Design Systems in a report on Wednesday, February 18th. Wells Fargo & Company cut their price target on shares of Cadence Design Systems from $410.00 to $375.00 and set an “overweight” rating on the stock in a report on Wednesday, February 18th. Citigroup initiated coverage on shares of Cadence Design Systems in a report on Monday, November 24th. They issued a “buy” rating and a $385.00 price objective for the company. Piper Sandler dropped their target price on shares of Cadence Design Systems from $355.00 to $319.00 and set a “neutral” rating for the company in a research report on Wednesday, February 18th. Finally, Oppenheimer raised shares of Cadence Design Systems from an “underperform” rating to a “market perform” rating and set a $275.00 target price on the stock in a research note on Monday, December 1st. Fifteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $376.50.

Insider Activity

In other Cadence Design Systems news, CFO John M. Wall sold 27,805 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $318.57, for a total value of $8,857,838.85. Following the sale, the chief financial officer owned 69,957 shares in the company, valued at approximately $22,286,201.49. This represents a 28.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Paul Cunningham sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $297.78, for a total transaction of $297,780.00. Following the transaction, the vice president directly owned 94,137 shares of the company’s stock, valued at $28,032,115.86. This represents a 1.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 30,810 shares of company stock valued at $9,767,972. 1.99% of the stock is owned by company insiders.

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.