AIA Group Ltd Increases Holdings in Cadence Design Systems, Inc. $CDNS

AIA Group Ltd lifted its holdings in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 563.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,529 shares of the software maker’s stock after acquiring an additional 35,271 shares during the period. AIA Group Ltd’s holdings in Cadence Design Systems were worth $14,587,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Y.D. More Investments Ltd purchased a new stake in Cadence Design Systems during the third quarter valued at approximately $26,000. Caitlin John LLC purchased a new position in shares of Cadence Design Systems in the 3rd quarter worth approximately $29,000. Imprint Wealth LLC purchased a new position in shares of Cadence Design Systems in the 3rd quarter worth approximately $31,000. Strategic Wealth Investment Group LLC bought a new position in shares of Cadence Design Systems during the 2nd quarter valued at approximately $32,000. Finally, Promus Capital LLC bought a new position in shares of Cadence Design Systems during the 2nd quarter valued at approximately $33,000. Hedge funds and other institutional investors own 84.85% of the company’s stock.

Insider Activity

In related news, Director Ita M. Brennan sold 180 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $295.03, for a total value of $53,105.40. Following the completion of the sale, the director owned 7,470 shares in the company, valued at approximately $2,203,874.10. The trade was a 2.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Paul Cunningham sold 1,000 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $297.78, for a total value of $297,780.00. Following the completion of the transaction, the vice president directly owned 94,137 shares in the company, valued at approximately $28,032,115.86. This trade represents a 1.05% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 3,185 shares of company stock valued at $963,238. 1.99% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on CDNS shares. Needham & Company LLC restated a “buy” rating and issued a $390.00 price target on shares of Cadence Design Systems in a research report on Wednesday, February 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cadence Design Systems in a research report on Monday, December 29th. Rosenblatt Securities reissued a “buy” rating and issued a $360.00 target price on shares of Cadence Design Systems in a research note on Thursday, February 26th. Oppenheimer raised shares of Cadence Design Systems from an “underperform” rating to a “market perform” rating and set a $275.00 price target for the company in a research note on Monday, December 1st. Finally, Piper Sandler cut their price target on shares of Cadence Design Systems from $355.00 to $319.00 and set a “neutral” rating on the stock in a report on Wednesday, February 18th. Fifteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $376.50.

Cadence Design Systems Stock Performance

Shares of Cadence Design Systems stock opened at $289.64 on Thursday. 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’s fifty day moving average is $300.74 and its two-hundred day moving average is $320.89. Cadence Design Systems, Inc. has a 52 week low of $221.56 and a 52 week high of $376.45. The company has a market capitalization of $78.97 billion, a PE ratio of 71.34, a price-to-earnings-growth ratio of 3.53 and a beta of 1.00.

Cadence Design Systems (NASDAQ:CDNS) last released its earnings results on Tuesday, February 17th. The software maker reported $1.99 earnings per share for the quarter, topping the consensus estimate 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 business’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period 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, analysts expect that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current year.

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.