Baer Investment Advisory LLC Reduces Stake in Cadence Design Systems, Inc. $CDNS

Baer Investment Advisory LLC lessened its holdings in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 71.1% during the 1st quarter, Holdings Channel.com reports. The fund owned 1,045 shares of the software maker’s stock after selling 2,577 shares during the period. Baer Investment Advisory LLC’s holdings in Cadence Design Systems were worth $290,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Turtle Creek Wealth Advisors LLC increased its stake in Cadence Design Systems by 18.9% in the first quarter. Turtle Creek Wealth Advisors LLC now owns 1,888 shares of the software maker’s stock valued at $525,000 after purchasing an additional 300 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Cadence Design Systems during the 1st quarter worth approximately $1,825,000. Leonteq Securities AG boosted its holdings in shares of Cadence Design Systems by 10.1% in the 1st quarter. Leonteq Securities AG now owns 3,892 shares of the software maker’s stock valued at $1,081,000 after buying an additional 356 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in shares of Cadence Design Systems by 64.1% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 111,843 shares of the software maker’s stock valued at $31,078,000 after buying an additional 43,680 shares in the last quarter. Finally, Platform Technology Partners raised its stake in Cadence Design Systems by 52.8% during the 1st quarter. Platform Technology Partners now owns 1,019 shares of the software maker’s stock worth $283,000 after acquiring an additional 352 shares in the last quarter. 84.85% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CDNS has been the subject of a number of research reports. Stifel Nicolaus boosted their price target on shares of Cadence Design Systems from $395.00 to $432.00 and gave the company a “buy” rating in a research report on Tuesday, June 9th. Needham & Company LLC reissued a “buy” rating and issued a $400.00 target price on shares of Cadence Design Systems in a report on Tuesday, April 28th. Piper Sandler raised their price target on Cadence Design Systems from $319.00 to $325.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 28th. Berenberg Bank set a $440.00 price target on Cadence Design Systems in a research report on Wednesday, May 27th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $360.00 price objective on shares of Cadence Design Systems in a research note on Friday, April 24th. Fourteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $386.59.

Cadence Design Systems Stock Performance

NASDAQ:CDNS opened at $373.14 on Monday. Cadence Design Systems, Inc. has a 12-month low of $262.75 and a 12-month high of $416.69. The company has a current ratio of 1.47, a quick ratio of 1.32 and a debt-to-equity ratio of 0.38. The stock’s 50 day simple moving average is $369.80 and its 200-day simple moving average is $324.82. The firm has a market cap of $102.92 billion, a P/E ratio of 86.98, a PEG ratio of 4.42 and a beta of 1.15.

Cadence Design Systems (NASDAQ:CDNS) last issued its quarterly earnings results on Monday, April 27th. The software maker reported $1.96 earnings per share 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 during the quarter, compared to the consensus estimate of $1.46 billion. During the same period last year, the company earned $1.57 earnings per share. The company’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. Equities analysts anticipate that Cadence Design Systems, Inc. will post 6.23 EPS for the current year.

Insiders Place Their Bets

In other news, Director Ita M. Brennan sold 180 shares of the business’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $387.45, for a total transaction of $69,741.00. Following the transaction, the director directly owned 8,004 shares in the company, valued at $3,101,149.80. The trade was a 2.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paul Scannell sold 7,081 shares of the stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $393.91, for a total transaction of $2,789,276.71. Following the transaction, the vice president directly owned 32,181 shares of the company’s stock, valued at $12,676,417.71. This represents a 18.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 178,557 shares of company stock valued at $66,925,452. Corporate insiders own 0.49% of the company’s stock.

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.