George Kaiser Family Foundation Buys Shares of 1,933 Cadence Design Systems, Inc. $CDNS

George Kaiser Family Foundation bought a new position in Cadence Design Systems, Inc. (NASDAQ:CDNS) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 1,933 shares of the software maker’s stock, valued at approximately $725,000.

A number of other institutional investors have also added to or reduced their stakes in CDNS. Avalon Trust Co bought a new position in shares of Cadence Design Systems during the 2nd quarter valued at about $30,000. University of Texas Texas AM Investment Management Co. bought a new stake in Cadence Design Systems in the 4th quarter worth approximately $28,000. Arlington Trust Co LLC lifted its position in Cadence Design Systems by 154.3% in the 2nd quarter. Arlington Trust Co LLC now owns 89 shares of the software maker’s stock worth $33,000 after buying an additional 54 shares during the last quarter. Imprint Wealth LLC purchased a new stake in Cadence Design Systems in the third quarter worth approximately $31,000. Finally, Whipplewood Advisors LLC boosted its stake in Cadence Design Systems by 933.3% in the first quarter. Whipplewood Advisors LLC now owns 93 shares of the software maker’s stock worth $26,000 after buying an additional 84 shares in the last quarter. Institutional investors own 84.85% of the company’s stock.

Cadence Design Systems Stock Up 1.7%

Shares of NASDAQ CDNS opened at $319.02 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. Cadence Design Systems, Inc. has a 12 month low of $262.75 and a 12 month high of $416.69. The firm has a market capitalization of $87.85 billion, a PE ratio of 63.42, a price-to-earnings-growth ratio of 3.42 and a beta of 1.15. The firm has a fifty day simple moving average of $353.70 and a two-hundred day simple moving average of $331.25.

Cadence Design Systems (NASDAQ:CDNS) last released its quarterly earnings results on Monday, July 27th. The software maker reported $2.11 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same period in the previous year, the company posted $1.65 earnings per share. The firm’s revenue was up 24.2% on a year-over-year basis. 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 6.4 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on CDNS shares. Benchmark reaffirmed a “buy” rating on shares of Cadence Design Systems in a report on Tuesday, July 28th. Citigroup boosted their price target on shares of Cadence Design Systems from $400.00 to $420.00 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. Stifel Nicolaus upped their price target on shares of Cadence Design Systems from $395.00 to $432.00 and gave the company a “buy” rating in a research report on Tuesday, June 9th. Rosenblatt Securities raised their price objective 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. Finally, Bank of America lifted their price objective on Cadence Design Systems from $400.00 to $420.00 and gave the stock a “buy” rating in a report 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. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $405.69.

Insider Activity

In other news, CEO Anirudh Devgan sold 51,822 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $395.00, for a total value of $20,469,690.00. Following the completion of the transaction, the chief executive officer owned 278,524 shares in the company, valued at $110,016,980. The trade was a 15.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ita M. Brennan sold 180 shares of the company’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $387.45, for a total transaction of $69,741.00. Following the transaction, the director owned 8,004 shares in the company, valued at $3,101,149.80. This represents a 2.20% 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. Over the last three months, insiders sold 89,599 shares of company stock valued at $35,710,627. 0.49% of the stock is currently 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.