Cadence Design Systems, Inc. $CDNS Holdings Increased by CoreCap Advisors LLC

CoreCap Advisors LLC lifted its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 476.1% in the fourth quarter, HoldingsChannel reports. The fund owned 7,415 shares of the software maker’s stock after purchasing an additional 6,128 shares during the quarter. CoreCap Advisors LLC’s holdings in Cadence Design Systems were worth $2,318,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Y.D. More Investments Ltd bought a new stake in Cadence Design Systems during the third quarter worth approximately $26,000. Caitlin John LLC bought a new position in Cadence Design Systems during the 3rd quarter valued at $29,000. Imprint Wealth LLC bought a new position in Cadence Design Systems during the 3rd quarter valued at $31,000. Robbins Farley acquired a new position in shares of Cadence Design Systems during the 3rd quarter valued at $35,000. Finally, Cloud Capital Management LLC acquired a new position in shares of Cadence Design Systems during the 3rd quarter valued at $35,000. 84.85% of the stock is currently owned by institutional investors.

Cadence Design Systems Stock Performance

Shares of NASDAQ CDNS opened at $271.77 on Friday. The stock’s fifty day simple moving average is $295.46 and its 200 day simple moving average is $317.83. The stock has a market capitalization of $75.03 billion, a price-to-earnings ratio of 66.94, a PEG ratio of 3.37 and a beta of 1.00. The company has a quick ratio of 2.67, a current ratio of 2.86 and a debt-to-equity ratio of 0.45. Cadence Design Systems, Inc. has a 52-week low of $221.56 and a 52-week high of $376.45.

Cadence Design Systems (NASDAQ:CDNS) last announced its earnings results on Tuesday, February 17th. The software maker reported $1.99 EPS for the quarter, beating 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%.Cadence Design Systems’s revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the business posted $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, sell-side analysts forecast that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Ita M. Brennan sold 180 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The shares were 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. This represents a 2.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Paul Cunningham sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $297.78, for a total transaction of $297,780.00. Following the completion of the transaction, the vice president directly owned 94,137 shares of the company’s stock, valued at $28,032,115.86. This represents a 1.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 3,185 shares of company stock valued at $963,238. Corporate insiders own 1.99% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Morgan Stanley cut their price objective on Cadence Design Systems from $385.00 to $370.00 and set an “overweight” rating for the company in a report on Wednesday, February 18th. Oppenheimer raised Cadence Design Systems from an “underperform” rating to a “market perform” rating and set a $275.00 target price on the stock in a report on Monday, December 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Cadence Design Systems in a report on Monday, December 29th. Piper Sandler reduced their price objective on shares of Cadence Design Systems from $355.00 to $319.00 and set a “neutral” rating for the company in a research report on Wednesday, February 18th. Finally, Wells Fargo & Company lowered their price objective on shares of Cadence Design Systems from $410.00 to $375.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 18th. Fifteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Cadence Design Systems has a consensus rating of “Moderate Buy” and a consensus price target of $376.50.

Cadence Design Systems 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.