Arax Advisory Partners Lowers Holdings in Cadence Design Systems, Inc. $CDNS

Arax Advisory Partners decreased its holdings in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 36.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 6,503 shares of the software maker’s stock after selling 3,714 shares during the period. Arax Advisory Partners’ holdings in Cadence Design Systems were worth $2,033,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd purchased a new stake in Cadence Design Systems in the 3rd quarter valued at about $26,000. Caitlin John LLC purchased a new stake in Cadence Design Systems in the 3rd quarter valued at about $29,000. Imprint Wealth LLC purchased a new stake in Cadence Design Systems in the 3rd quarter valued at about $31,000. Swiss RE Ltd. purchased a new stake in Cadence Design Systems in the 4th quarter valued at about $29,000. Finally, Lodestone Wealth Management LLC purchased a new stake in Cadence Design Systems in the 4th quarter valued at about $30,000. Hedge funds and other institutional investors own 84.85% of the company’s stock.

Insider Buying and Selling

In other Cadence Design Systems news, VP Paul Scannell sold 10,500 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $339.00, for a total value of $3,559,500.00. Following the transaction, the vice president directly owned 33,946 shares of the company’s stock, valued at $11,507,694. This represents a 23.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paul Cunningham sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $337.49, for a total value of $337,490.00. Following the completion of the transaction, the vice president directly owned 127,586 shares in the company, valued at approximately $43,058,999.14. The trade was a 0.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 177,557 shares of company stock worth $66,423,642 over the last 90 days. 0.49% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CDNS shares. Stifel Nicolaus lifted their price objective on Cadence Design Systems from $395.00 to $432.00 and gave the company a “buy” rating in a research note on Tuesday, June 9th. Morgan Stanley reduced their price objective on Cadence Design Systems from $385.00 to $370.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 18th. Berenberg Bank set a $440.00 price objective on Cadence Design Systems in a research note on Wednesday, May 27th. Robert W. Baird lifted their price objective on Cadence Design Systems from $381.00 to $385.00 and gave the company an “outperform” rating in a research note on Tuesday, April 28th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $400.00 price objective on shares of Cadence Design Systems in a research note on Tuesday, April 28th. Fourteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $386.59.

Cadence Design Systems Stock Performance

Cadence Design Systems stock opened at $394.50 on Tuesday. The stock’s 50 day moving average price is $346.64 and its 200 day moving average price is $319.47. The firm has a market capitalization of $108.81 billion, a PE ratio of 91.96, a price-to-earnings-growth ratio of 4.56 and a beta of 1.15. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.32 and a current ratio of 1.47. Cadence Design Systems, Inc. has a one year low of $262.75 and a one year high of $416.69.

Cadence Design Systems (NASDAQ:CDNS) last released its quarterly earnings results on Monday, April 27th. The software maker reported $1.96 EPS for the quarter, topping the consensus estimate of $1.91 by $0.05. Cadence Design Systems had a return on equity of 28.44% and a net margin of 21.18%.The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period in the previous year, the company posted $1.57 EPS. Cadence Design Systems’s revenue for the quarter was up 18.6% on a year-over-year basis. Cadence Design Systems has set its FY 2026 guidance at 7.850-7.950 EPS and its Q2 2026 guidance at 2.020-2.080 EPS. As a group, sell-side analysts expect that Cadence Design Systems, Inc. will post 6.23 EPS for the current fiscal year.

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.