Wealthfront Advisers LLC Buys 2,587 Shares of Cadence Design Systems, Inc. $CDNS

Wealthfront Advisers LLC grew its stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 8.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 32,218 shares of the software maker’s stock after purchasing an additional 2,587 shares during the quarter. Wealthfront Advisers LLC’s holdings in Cadence Design Systems were worth $8,952,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Three Seasons Wealth LLC bought a new stake in Cadence Design Systems during the 1st quarter valued at $540,000. NFSG Corp grew its holdings in Cadence Design Systems by 14,381.6% in the 1st quarter. NFSG Corp now owns 5,503 shares of the software maker’s stock worth $1,529,000 after acquiring an additional 5,465 shares during the last quarter. Checchi Capital Advisers LLC increased its position in shares of Cadence Design Systems by 17.3% in the first quarter. Checchi Capital Advisers LLC now owns 1,963 shares of the software maker’s stock valued at $545,000 after acquiring an additional 289 shares during the period. Calamos Wealth Management LLC raised its stake in shares of Cadence Design Systems by 4.6% during the first quarter. Calamos Wealth Management LLC now owns 866 shares of the software maker’s stock valued at $241,000 after acquiring an additional 38 shares during the last quarter. Finally, Calamos Advisors LLC purchased a new stake in shares of Cadence Design Systems during the first quarter worth about $241,000. Institutional investors own 84.85% of the company’s stock.

Cadence Design Systems News Summary

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

• Positive Sentiment: Benchmark upgraded Cadence to Strong Buy, and recent brokerage commentary put the average price target around $387, indicating Wall Street still sees upside from current levels. Zacks.com
• Positive Sentiment: Cadence recently launched new AI products, including the AuraStack AI Super Agent for PCB and advanced packaging design, reinforcing the company’s growth narrative in AI-driven design workflows. Business Wire article
• Positive Sentiment: The company also announced a partnership with Rapidus to advance agentic AI for advanced SoC design, which could support longer-term demand for Cadence’s software tools. Business Wire article
• Neutral Sentiment: Cadence is due to report second-quarter results on July 27, and some of the weakness may reflect investors taking profits or reducing exposure ahead of earnings. MSN article
• Negative Sentiment: Shares are also being hit by broader fears that Moonshot and other AI-driven tools could disrupt the EDA industry, pressuring Cadence and peers like Synopsys on concerns about future pricing power and competition. MSN article

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CDNS. KeyCorp raised their target price on Cadence Design Systems from $405.00 to $425.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 28th. Robert W. Baird upped their price target on Cadence Design Systems from $381.00 to $385.00 and gave the company an “outperform” rating in a research report on Tuesday, April 28th. Berenberg Bank set a $440.00 price objective on Cadence Design Systems in a report on Wednesday, May 27th. Benchmark started coverage on Cadence Design Systems in a research report on Wednesday. They issued a “buy” rating and a $450.00 price objective on the stock. Finally, Citigroup boosted their target price on Cadence Design Systems from $385.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Cadence Design Systems has an average rating of “Moderate Buy” and a consensus target price of $393.65.

Cadence Design Systems Trading Down 9.5%

Shares of CDNS opened at $330.11 on Friday. Cadence Design Systems, Inc. has a 1-year low of $262.75 and a 1-year high of $416.69. The company has a current ratio of 1.47, a quick ratio of 1.32 and a debt-to-equity ratio of 0.38. The firm’s 50-day moving average price is $376.09 and its 200-day moving average price is $328.57. The firm has a market capitalization of $91.05 billion, a price-to-earnings ratio of 76.95, a PEG ratio of 4.32 and a beta of 1.15.

Cadence Design Systems (NASDAQ:CDNS) last released its quarterly earnings results on Monday, April 27th. The software maker reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.05. Cadence Design Systems had a net margin of 21.18% and a return on equity of 28.44%. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the prior year, the firm earned $1.57 earnings per share. Cadence Design Systems’s revenue was up 18.6% on a year-over-year basis. Cadence Design Systems has set its FY 2026 guidance at 7.850-7.950 EPS and its Q2 2026 guidance at 2.020-2.080 EPS. Sell-side analysts anticipate that Cadence Design Systems, Inc. will post 6.23 EPS for the current year.

Insider Transactions at Cadence Design Systems

In other news, VP Paul Cunningham sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $391.00, for a total value of $782,000.00. Following the completion of the transaction, the vice president owned 126,586 shares in the company, valued at $49,495,126. This trade represents a 1.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Anirudh Devgan sold 51,887 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $370.00, for a total value of $19,198,190.00. Following the completion of the transaction, the chief executive officer owned 303,525 shares of the company’s stock, valued at approximately $112,304,250. The trade was a 14.60% 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. In the last three months, insiders have sold 157,057 shares of company stock worth $60,272,277. 0.49% of the stock is owned by insiders.

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.