Benchmark Investment Advisors LLC Makes New Investment in Cadence Design Systems, Inc. $CDNS

Benchmark Investment Advisors LLC purchased a new stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,880 shares of the software maker’s stock, valued at approximately $660,000.

Several other institutional investors have also recently made changes to their positions in CDNS. Chesapeake Capital Corp IL bought a new stake in Cadence Design Systems during the third quarter valued at approximately $816,000. Pathstone Holdings LLC lifted its position in Cadence Design Systems by 2.2% during the third quarter. Pathstone Holdings LLC now owns 59,223 shares of the software maker’s stock valued at $20,803,000 after purchasing an additional 1,255 shares in the last quarter. Eisler Capital Management Ltd. bought a new position in shares of Cadence Design Systems during the 3rd quarter valued at approximately $403,000. Family Management Corp increased its stake in shares of Cadence Design Systems by 1,296.6% in the third quarter. Family Management Corp now owns 9,120 shares of the software maker’s stock worth $3,203,000 after purchasing an additional 8,467 shares in the last quarter. Finally, Legacy Advisors LLC purchased a new stake in shares of Cadence Design Systems in the third quarter worth $547,000. Institutional investors own 84.85% of the company’s stock.

Insiders Place Their Bets

In other news, VP Paul Cunningham sold 1,000 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $297.78, for a total transaction of $297,780.00. Following the transaction, the vice president owned 94,137 shares in the company, valued at approximately $28,032,115.86. This trade represents a 1.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO John M. Wall sold 27,805 shares of Cadence Design Systems stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $318.57, for a total value of $8,857,838.85. Following the completion of the sale, the chief financial officer owned 69,957 shares of the company’s stock, valued at $22,286,201.49. The trade was a 28.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 30,810 shares of company stock valued at $9,767,972. 1.99% of the stock is currently owned by corporate insiders.

Cadence Design Systems Price Performance

Cadence Design Systems stock opened at $287.03 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.86 and a quick ratio of 2.67. The stock has a market cap of $78.26 billion, a price-to-earnings ratio of 70.70, a price-to-earnings-growth ratio of 3.48 and a beta of 1.00. The firm has a 50-day moving average of $301.94 and a two-hundred day moving average of $322.27. Cadence Design Systems, Inc. has a 1 year low of $221.56 and a 1 year high of $376.45.

Cadence Design Systems (NASDAQ:CDNS) last issued its earnings results on Tuesday, February 17th. The software maker reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.08. Cadence Design Systems had a net margin of 20.93% and a return on equity of 29.34%. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period last year, the company posted $1.88 earnings per share. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. 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, research analysts forecast that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CDNS. Weiss Ratings restated a “hold (c)” rating on shares of Cadence Design Systems in a research note on Monday, December 29th. Piper Sandler lowered their price objective 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. Stifel Nicolaus set a $395.00 target price on Cadence Design Systems in a research report on Wednesday, February 18th. Morgan Stanley lowered their price target on Cadence Design Systems from $385.00 to $370.00 and set an “overweight” rating on the stock in a report on Wednesday, February 18th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $360.00 price objective on shares of Cadence Design Systems in a research report on Thursday, February 26th. Fifteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Cadence Design Systems has an average rating of “Moderate Buy” and an average target price 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.