Empirical Financial Services LLC d.b.a. Empirical Wealth Management Purchases 2,186 Shares of Cadence Design Systems, Inc. $CDNS

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 140.4% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,743 shares of the software maker’s stock after buying an additional 2,186 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Cadence Design Systems were worth $1,040,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. University of Texas Texas AM Investment Management Co. bought a new position in Cadence Design Systems during the fourth quarter worth about $28,000. Imprint Wealth LLC acquired a new stake in Cadence Design Systems in the 3rd quarter worth about $31,000. Whipplewood Advisors LLC boosted its holdings in Cadence Design Systems by 933.3% in the 1st quarter. Whipplewood Advisors LLC now owns 93 shares of the software maker’s stock valued at $26,000 after purchasing an additional 84 shares during the period. Swiss RE Ltd. bought a new stake in Cadence Design Systems in the 4th quarter valued at about $29,000. Finally, Brown Lisle Cummings Inc. grew its position in shares of Cadence Design Systems by 860.0% during the 1st quarter. Brown Lisle Cummings Inc. now owns 96 shares of the software maker’s stock worth $27,000 after purchasing an additional 86 shares in the last quarter. Institutional investors own 84.85% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Citigroup raised their target price on shares of Cadence Design Systems from $385.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Piper Sandler increased their price target on Cadence Design Systems from $319.00 to $325.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 28th. Wells Fargo & Company raised their price objective on Cadence Design Systems from $400.00 to $425.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. 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 report on Tuesday, June 9th. Finally, KeyCorp upped their target price on Cadence Design Systems from $405.00 to $425.00 and gave the company an “overweight” rating in a research report on Tuesday, April 28th. Fourteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $393.65.

Cadence Design Systems Stock Down 1.4%

Shares of CDNS opened at $371.50 on Thursday. Cadence Design Systems, Inc. has a one year low of $262.75 and a one year high of $416.69. The company has a market cap of $102.47 billion, a P/E ratio of 86.60, a P/E/G ratio of 4.46 and a beta of 1.15. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.47 and a quick ratio of 1.32. The firm has a 50 day simple moving average of $376.59 and a two-hundred day simple moving average of $328.24.

Cadence Design Systems (NASDAQ:CDNS) last released its 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 analysts’ expectations of $1.46 billion. During the same period in the prior year, the company earned $1.57 earnings per share. The company’s quarterly revenue 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. Research analysts forecast that Cadence Design Systems, Inc. will post 6.23 EPS for the current fiscal year.

Trending Headlines about Cadence Design Systems

Here are the key news stories impacting Cadence Design Systems this week:

• Positive Sentiment: Cadence launched AuraStack AI Super Agent, a new agentic AI platform for PCB and advanced packaging design. The tool is intended to speed design workflows from system planning to final product, reinforcing Cadence’s position in AI-enabled electronic design automation. Article Title
• Positive Sentiment: Reports suggest Cadence is expanding its 2nm foundry relationships and raising full-year outlook, which points to strong demand from advanced chip design customers and could support revenue growth. Article Title
• Positive Sentiment: Rosenblatt Securities raised its price target on Cadence to $410 from $375 and reiterated a buy rating, signaling continued analyst confidence in the stock’s upside potential. Article Title
• Neutral Sentiment: Cadence is being highlighted by market commentary as a stock that may deserve a premium valuation because of AI chip demand, but that view is largely valuation-related rather than a direct business catalyst. Article Title
• Neutral Sentiment: Another article says CDNS could be about 3% undervalued ahead of its July 27 earnings report, suggesting investors are waiting for confirmation from results rather than reacting to a major new development. Article Title
• Negative Sentiment: MarketWatch notes that Cadence Design Systems stock is underperforming peers today, which helps explain the weaker trading action despite the company’s positive AI and outlook news. Article Title

Insider Buying and Selling at Cadence Design Systems

In other Cadence Design Systems news, CEO Anirudh Devgan sold 25,005 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $415.00, for a total transaction of $10,377,075.00. Following the completion of the transaction, the chief executive officer owned 253,519 shares of the company’s stock, valued at approximately $105,210,385. The trade was a 8.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James D. Plummer sold 1,511 shares of the stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $381.34, for a total transaction of $576,204.74. Following the completion of the transaction, the director directly owned 23,264 shares of the company’s stock, valued at $8,871,493.76. This trade represents a 6.10% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 157,057 shares of company stock worth $60,272,277 over the last quarter. 0.49% of the stock is currently owned by company insiders.

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.