Alesco Advisors LLC An ESL Co Buys New Shares in Cadence Design Systems, Inc. $CDNS

Alesco Advisors LLC An ESL Co bought a new position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) during the first quarter, HoldingsChannel reports. The firm bought 2,752 shares of the software maker’s stock, valued at approximately $765,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CDNS. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Cadence Design Systems in the 4th quarter worth approximately $28,000. Imprint Wealth LLC bought a new position in shares of Cadence Design Systems during the 3rd quarter worth about $31,000. Whipplewood Advisors LLC boosted its position in shares of Cadence Design Systems by 933.3% during the 1st quarter. Whipplewood Advisors LLC now owns 93 shares of the software maker’s stock valued at $26,000 after acquiring an additional 84 shares in the last quarter. Swiss RE Ltd. bought a new stake in Cadence Design Systems in the fourth quarter valued at about $29,000. Finally, Brown Lisle Cummings Inc. increased its stake in Cadence Design Systems by 860.0% in the first quarter. Brown Lisle Cummings Inc. now owns 96 shares of the software maker’s stock valued at $27,000 after acquiring an additional 86 shares during the period. 84.85% of the stock is currently owned by institutional investors.

Cadence Design Systems Price Performance

Shares of CDNS stock opened at $344.64 on Wednesday. Cadence Design Systems, Inc. has a 52 week low of $262.75 and a 52 week high of $416.69. The stock has a market capitalization of $95.06 billion, a PE ratio of 80.34, a PEG ratio of 3.91 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. The stock’s fifty day moving average is $375.14 and its 200-day moving average is $328.98.

Cadence Design Systems (NASDAQ:CDNS) last released its quarterly earnings results on Monday, April 27th. The software maker reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.05. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Cadence Design Systems had a return on equity of 28.44% and a net margin of 21.18%.During the same period in the previous year, the business posted $1.57 earnings per share. The firm’s revenue for the quarter was up 18.6% compared to the same quarter last year. 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 research analysts expect that Cadence Design Systems, Inc. will post 6.23 EPS for the current fiscal year.

Key Headlines Impacting Cadence Design Systems

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

• Positive Sentiment: Needham turned bullish on Cadence and Synopsys, saying agentic AI should support EDA license growth as chip design demand increases. Cadence, Synopsys see bullish views at Needham on agentic AI boosting EDA license growth
• Positive Sentiment: Several recent analysis pieces say fears that Kimi K3 threatens Cadence’s competitive moat are overblown, suggesting the selloff may have been excessive and the stock could recover if fundamentals remain intact. Market Thinks Cadence’s (CDNS) Moat Is at Risk Due To Kimi K3. We Think it’s Not, Here’s Why
• Neutral Sentiment: Cadence was also the subject of valuation and “buy-the-dip” commentary, indicating investors are debating whether the recent pullback is an opportunity or a warning sign rather than reacting to new operating news. Does This Dip In Cadence Design Systems Stock Signal An Opening?
• Neutral Sentiment: Analysts and media are focused on Cadence’s upcoming earnings and forward guidance, which keeps attention on whether the company can sustain growth after a strong quarter. Cadence Design Systems (CDNS) Expected to Post Quarterly Earnings on Monday
• Negative Sentiment: One note pointed to weaker FY2027 earnings expectations from Erste Group Bank, which could weigh on sentiment by implying slower longer-term growth. Erste Group Bank Has Weak Forecast for CDNS FY2027 Earnings

Insider Activity

In other Cadence Design Systems news, VP Paul Cunningham sold 2,000 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $391.00, for a total value of $782,000.00. Following the transaction, the vice president owned 126,586 shares of the company’s stock, valued at approximately $49,495,126. This represents a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO John M. Wall sold 5,000 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $348.71, for a total value of $1,743,550.00. Following the transaction, the chief financial officer owned 81,875 shares of the company’s stock, valued at $28,550,631.25. The trade was a 5.76% 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. In the last 90 days, insiders have sold 157,057 shares of company stock worth $60,272,277. 0.49% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Berenberg Bank set a $440.00 price target on shares of Cadence Design Systems in a research note on Wednesday, May 27th. Needham & Company LLC reiterated a “buy” rating and issued a $400.00 price target on shares of Cadence Design Systems in a research report on Tuesday, April 28th. Wells Fargo & Company increased 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. Benchmark began coverage on Cadence Design Systems in a report on Wednesday, July 15th. They set a “buy” rating and a $450.00 price objective for the company. Finally, Stifel Nicolaus boosted their target price on shares of Cadence Design Systems from $395.00 to $432.00 and gave the company a “buy” rating in a research note on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $393.65.

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.