Banco Bilbao Vizcaya Argentaria S.A. Purchases 2,824 Shares of Cadence Design Systems, Inc. $CDNS

Banco Bilbao Vizcaya Argentaria S.A. increased its position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 9.4% during the third quarter, Holdings Channel.com reports. The institutional investor owned 32,897 shares of the software maker’s stock after purchasing an additional 2,824 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Cadence Design Systems were worth $11,542,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CDNS. Brighton Jones LLC grew its position in shares of Cadence Design Systems by 80.2% in the 4th quarter. Brighton Jones LLC now owns 1,519 shares of the software maker’s stock valued at $456,000 after acquiring an additional 676 shares during the period. Integrated Wealth Concepts LLC raised its holdings in shares of Cadence Design Systems by 3.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,203 shares of the software maker’s stock valued at $560,000 after purchasing an additional 80 shares during the period. Thompson Davis & CO. Inc. acquired a new stake in Cadence Design Systems in the 2nd quarter valued at about $205,000. Advisors Capital Management LLC lifted its stake in Cadence Design Systems by 29.3% in the 2nd quarter. Advisors Capital Management LLC now owns 1,113 shares of the software maker’s stock valued at $343,000 after purchasing an additional 252 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Cadence Design Systems by 6.8% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 66,965 shares of the software maker’s stock worth $20,635,000 after purchasing an additional 4,245 shares during the period. 84.85% of the stock is owned by institutional investors.

Cadence Design Systems Trading Down 1.1%

Shares of NASDAQ:CDNS opened at $287.03 on Monday. Cadence Design Systems, Inc. has a 12-month low of $221.56 and a 12-month high of $376.45. The business has a 50 day moving average of $301.94 and a 200-day moving average of $321.94. The company has a quick ratio of 2.67, a current ratio of 2.86 and a debt-to-equity ratio of 0.45. The stock has a market cap of $78.26 billion, a PE ratio of 70.70, a P/E/G ratio of 3.45 and a beta of 1.00.

Cadence Design Systems (NASDAQ:CDNS) last announced its earnings results on Tuesday, February 17th. The software maker reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.08. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates 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 last 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. As a group, equities research analysts forecast that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Needham & Company LLC reissued a “buy” rating and set a $390.00 price target on shares of Cadence Design Systems in a research report on Wednesday, February 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cadence Design Systems in a research report on Monday, December 29th. Morgan Stanley decreased their target price on Cadence Design Systems from $385.00 to $370.00 and set an “overweight” rating on the stock in a report on Wednesday, February 18th. Piper Sandler dropped their price target on Cadence Design Systems from $355.00 to $319.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 18th. Finally, Oppenheimer raised Cadence Design Systems from an “underperform” rating to a “market perform” rating and set a $275.00 price target for the company in a report 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, Cadence Design Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $376.50.

Insiders Place Their Bets

In other news, CFO John M. Wall sold 27,805 shares of the business’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 completion of the sale, the chief financial officer owned 69,957 shares of the company’s stock, valued at approximately $22,286,201.49. The trade was a 28.44% 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. Also, VP Paul Cunningham sold 1,000 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $297.78, for a total transaction of $297,780.00. Following the completion of the sale, the vice president directly owned 94,137 shares of the company’s stock, valued at approximately $28,032,115.86. The trade was a 1.05% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 30,810 shares of company stock worth $9,767,972. Insiders own 0.37% of the company’s stock.

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.