American Century Companies Inc. Raises Holdings in Cadence Design Systems, Inc. $CDNS

American Century Companies Inc. boosted its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 3.2% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,354,600 shares of the software maker’s stock after buying an additional 41,548 shares during the quarter. American Century Companies Inc. owned approximately 0.50% of Cadence Design Systems worth $475,819,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Y.D. More Investments Ltd acquired a new stake in shares of Cadence Design Systems during the third quarter valued at $26,000. Caitlin John LLC acquired a new stake in shares of Cadence Design Systems during the 3rd quarter worth about $29,000. Strategic Wealth Investment Group LLC purchased a new stake in shares of Cadence Design Systems during the second quarter worth about $32,000. Promus Capital LLC acquired a new position in shares of Cadence Design Systems in the second quarter valued at approximately $33,000. Finally, Robbins Farley acquired a new position in shares of Cadence Design Systems in the third quarter valued at approximately $35,000. Hedge funds and other institutional investors own 84.85% of the company’s stock.

Cadence Design Systems Trading Up 1.3%

NASDAQ CDNS opened at $301.40 on Friday. The firm has a market capitalization of $82.18 billion, a price-to-earnings ratio of 74.24, a PEG ratio of 3.56 and a beta of 1.01. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.67 and a current ratio of 2.86. Cadence Design Systems, Inc. has a one year low of $221.56 and a one year high of $376.45. The company’s 50 day moving average price is $305.71 and its 200 day moving average price is $325.91.

Cadence Design Systems (NASDAQ:CDNS) last announced its quarterly earnings results on Tuesday, February 17th. The software maker reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.08. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Cadence Design Systems had a net margin of 20.93% and a return on equity of 29.34%. The firm’s revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.88 EPS. 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. On average, sell-side analysts predict that Cadence Design Systems, Inc. will post 5.41 EPS for the current year.

Insider Activity at Cadence Design Systems

In other Cadence Design Systems news, VP Paul Scannell sold 5,490 shares of the business’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $339.43, for a total value of $1,863,470.70. Following the transaction, the vice president owned 20,321 shares in the company, valued at $6,897,557.03. The trade was a 21.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ita M. Brennan sold 180 shares of the company’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $337.48, for a total transaction of $60,746.40. Following the completion of the transaction, the director directly owned 7,650 shares of the company’s stock, valued at approximately $2,581,722. The trade was a 2.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 56,475 shares of company stock valued at $18,505,486. 1.99% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

CDNS has been the subject of several recent analyst reports. Wells Fargo & Company lowered their target price on shares of Cadence Design Systems from $410.00 to $375.00 and set an “overweight” rating for the company in a research note on Wednesday, February 18th. Citigroup started coverage on Cadence Design Systems in a research report on Monday, November 24th. They issued a “buy” rating and a $385.00 price objective for the company. Piper Sandler reduced their target price on Cadence Design Systems from $355.00 to $319.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 18th. Morgan Stanley decreased their price target 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. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $360.00 price objective on shares of Cadence Design Systems in a research note on Thursday. Fifteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Cadence Design Systems has a consensus rating of “Moderate Buy” and a consensus price target of $376.50.

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.