Exchange Traded Concepts LLC Increases Stock Position in Cadence Design Systems, Inc. $CDNS

Exchange Traded Concepts LLC boosted its holdings in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 22.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 54,386 shares of the software maker’s stock after buying an additional 9,997 shares during the period. Exchange Traded Concepts LLC’s holdings in Cadence Design Systems were worth $17,000,000 as of its most recent SEC filing.

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

Insider Buying and Selling

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 shares were sold at an average price of $295.03, for a total transaction of $53,105.40. Following the completion of the sale, the director directly 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 filing with the SEC, which can be accessed through the SEC website. Also, VP Paul Cunningham sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $297.78, for a total transaction of $297,780.00. Following the sale, the vice president directly owned 94,137 shares of the company’s stock, valued at approximately $28,032,115.86. This represents a 1.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 3,185 shares of company stock worth $963,238. 1.99% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CDNS shares. Morgan Stanley decreased their target price on Cadence Design Systems from $385.00 to $370.00 and set an “overweight” rating for the company in a research report on Wednesday, February 18th. Stifel Nicolaus set a $395.00 price target on shares of Cadence Design Systems in a research note on Wednesday, February 18th. Oppenheimer raised shares of Cadence Design Systems from an “underperform” rating to a “market perform” rating and set a $275.00 price objective for the company in a report on Monday, December 1st. Needham & Company LLC restated a “buy” rating and set a $390.00 price objective on shares of Cadence Design Systems in a research report on Wednesday, February 18th. Finally, Piper Sandler dropped their target price 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 given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $376.50.

Cadence Design Systems Stock Down 3.2%

CDNS stock opened at $271.77 on Friday. The company has a market cap of $75.03 billion, a price-to-earnings ratio of 66.94, a P/E/G ratio of 3.27 and a beta of 1.00. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.67 and a current ratio of 2.86. The business’s 50-day moving average is $295.46 and its two-hundred day moving average is $317.52. Cadence Design Systems, Inc. has a fifty-two week low of $221.56 and a fifty-two week high of $376.45.

Cadence Design Systems (NASDAQ:CDNS) last released its quarterly earnings results on Tuesday, February 17th. The software maker reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.08. Cadence Design Systems had a return on equity of 29.34% and a net margin of 20.93%.The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the previous year, the company posted $1.88 EPS. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. 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 forecast 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.