1248 Management LLC Has $993,000 Holdings in Cadence Design Systems, Inc. $CDNS

1248 Management LLC boosted its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 258.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,827 shares of the software maker’s stock after buying an additional 2,038 shares during the quarter. 1248 Management LLC’s holdings in Cadence Design Systems were worth $993,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CDNS. Vanguard Group Inc. boosted its stake in shares of Cadence Design Systems by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 26,923,317 shares of the software maker’s stock valued at $9,457,084,000 after purchasing an additional 327,456 shares in the last quarter. State Street Corp boosted its position in Cadence Design Systems by 1.4% in the second quarter. State Street Corp now owns 12,318,585 shares of the software maker’s stock valued at $3,795,972,000 after buying an additional 172,551 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Cadence Design Systems by 16.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,314,407 shares of the software maker’s stock valued at $1,866,739,000 after buying an additional 731,788 shares in the last quarter. Norges Bank bought a new stake in Cadence Design Systems during the second quarter worth about $1,190,618,000. Finally, Invesco Ltd. increased its holdings in shares of Cadence Design Systems by 20.4% during the third quarter. Invesco Ltd. now owns 2,942,746 shares of the software maker’s stock worth $1,033,669,000 after buying an additional 499,009 shares in the last quarter. 84.85% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CDNS. Needham & Company LLC reissued a “buy” rating and issued a $390.00 target price on shares of Cadence Design Systems in a report on Wednesday, February 18th. Stifel Nicolaus set a $395.00 price target on Cadence Design Systems in a report on Wednesday, February 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cadence Design Systems in a research report on Monday, December 29th. Piper Sandler decreased their target price on Cadence Design Systems from $355.00 to $319.00 and set a “neutral” rating on the stock in a report on Wednesday, February 18th. Finally, Oppenheimer upgraded Cadence Design Systems from an “underperform” rating to a “market perform” rating and set a $275.00 target price for the company in a research note on Monday, December 1st. Fifteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Cadence Design Systems has a consensus rating of “Moderate Buy” and an average target price of $376.50.

Cadence Design Systems Trading Down 1.1%

CDNS stock opened at $287.03 on Friday. The company has a quick ratio of 2.67, a current ratio of 2.86 and a debt-to-equity ratio of 0.45. Cadence Design Systems, Inc. has a twelve month low of $221.56 and a twelve month high of $376.45. The company has a market cap of $78.26 billion, a P/E ratio of 70.70, a PEG ratio of 3.45 and a beta of 1.00. The business has a fifty day moving average of $301.94 and a 200-day moving average of $322.12.

Cadence Design Systems (NASDAQ:CDNS) last posted its quarterly earnings results on Tuesday, February 17th. The software maker reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.08. Cadence Design Systems had a return on equity of 29.34% and a net margin of 20.93%.The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter last year, the business earned $1.88 earnings per share. The firm’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. As a group, equities research analysts expect that Cadence Design Systems, Inc. will post 5.41 EPS for the current year.

Insider Buying and Selling at Cadence Design Systems

In other Cadence Design Systems news, VP Paul Cunningham sold 1,000 shares of the stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $297.78, for a total value of $297,780.00. Following the transaction, the vice president owned 94,137 shares of the company’s stock, valued at approximately $28,032,115.86. This represents a 1.05% 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. Also, CFO John M. Wall sold 27,805 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $318.57, for a total value of $8,857,838.85. Following the transaction, the chief financial officer owned 69,957 shares in the company, valued at approximately $22,286,201.49. This trade represents a 28.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 30,810 shares of company stock worth $9,767,972 over the last 90 days. 1.99% of the stock is owned by corporate 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.