Jefferies Financial Group Inc. Buys Shares of 11,018 Cadence Design Systems, Inc. $CDNS

Jefferies Financial Group Inc. purchased a new stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 11,018 shares of the software maker’s stock, valued at approximately $4,135,000.

Other hedge funds have also modified their holdings of the company. Avalon Trust Co purchased a new position in shares of Cadence Design Systems in the second quarter valued at about $30,000. Fiduciary Financial Advisors purchased a new position in Cadence Design Systems in the 2nd quarter worth approximately $31,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Cadence Design Systems during the fourth quarter valued at approximately $28,000. Arlington Trust Co LLC lifted its holdings in shares of Cadence Design Systems by 154.3% in the second quarter. Arlington Trust Co LLC now owns 89 shares of the software maker’s stock worth $33,000 after buying an additional 54 shares in the last quarter. Finally, Imprint Wealth LLC bought a new stake in Cadence Design Systems in the 3rd quarter valued at $31,000. 84.85% of the stock is currently owned by institutional investors.

Insider Activity at Cadence Design Systems

In other news, Director Ita M. Brennan sold 180 shares of the firm’s stock in a transaction that occurred on 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 directly owned 8,004 shares of the company’s stock, valued at approximately $3,101,149.80. This trade represents a 2.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paul Scannell sold 280 shares of Cadence Design Systems stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $339.00, for a total value of $94,920.00. Following the completion of the sale, the vice president owned 31,720 shares of the company’s stock, valued at $10,753,080. The trade was a 0.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 91,129 shares of company stock worth $36,206,647 over the last ninety days. 0.49% of the stock is currently owned by company insiders.

Cadence Design Systems Stock Performance

Shares of Cadence Design Systems stock opened at $340.39 on Friday. The stock’s fifty day moving average is $348.17 and its two-hundred day moving average is $333.27. The company has a market capitalization of $93.74 billion, a PE ratio of 67.67, a price-to-earnings-growth ratio of 3.73 and a beta of 1.15. The company has a quick ratio of 1.53, a current ratio of 1.74 and a debt-to-equity ratio of 0.36. Cadence Design Systems, Inc. has a 52 week low of $262.75 and a 52 week high of $416.69.

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. The business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.58 billion. Cadence Design Systems had a return on equity of 27.98% and a net margin of 23.60%.The business’s revenue for the quarter was up 24.2% compared to the same quarter last year. During the same period last year, the company earned $1.65 earnings per share. 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. As a group, analysts expect that Cadence Design Systems, Inc. will post 6.4 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on CDNS. Oppenheimer reiterated a “market perform” rating and issued a $300.00 target price on shares of Cadence Design Systems in a research report on Tuesday, July 28th. Robert W. Baird raised their price target on Cadence Design Systems from $415.00 to $420.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 28th. Needham & Company LLC reiterated a “buy” rating and set a $400.00 price objective on shares of Cadence Design Systems in a research report on Tuesday, July 28th. Citigroup raised their target price on shares of Cadence Design Systems from $400.00 to $420.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $400.00 price target on shares of Cadence Design Systems in a research note on Wednesday, July 29th. Thirteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $405.69.

About Cadence Design Systems

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.