Banco Bilbao Vizcaya Argentaria S.A. Has $11.54 Million Position in Cadence Design Systems, Inc. $CDNS

Banco Bilbao Vizcaya Argentaria S.A. lifted its holdings in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 9.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 32,897 shares of the software maker’s stock after purchasing an additional 2,824 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Cadence Design Systems were worth $11,542,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of CDNS. Y.D. More Investments Ltd acquired a new stake in Cadence Design Systems during the 3rd quarter worth approximately $26,000. Caitlin John LLC acquired a new position in shares of Cadence Design Systems in the third quarter valued at approximately $29,000. Imprint Wealth LLC acquired a new position in shares of Cadence Design Systems in the third quarter valued at approximately $31,000. Strategic Wealth Investment Group LLC bought a new stake in shares of Cadence Design Systems during the second quarter worth $32,000. Finally, Promus Capital LLC bought a new stake in shares of Cadence Design Systems during the second quarter worth $33,000. 84.85% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CDNS shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cadence Design Systems in a research report on Monday, December 29th. Needham & Company LLC reiterated a “buy” rating and set a $390.00 target price on shares of Cadence Design Systems in a report on Wednesday, February 18th. Rosenblatt Securities reissued a “buy” rating and issued a $360.00 price target on shares of Cadence Design Systems in a research note on Thursday, February 26th. Citigroup initiated coverage on Cadence Design Systems in a report on Monday, November 24th. They issued a “buy” rating and a $385.00 price target on the stock. Finally, Wells Fargo & Company reduced their price objective on Cadence Design Systems from $410.00 to $375.00 and set an “overweight” rating for the company in a research report on Wednesday, February 18th. Fifteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $376.50.

Cadence Design Systems Stock Performance

Shares of CDNS opened at $287.03 on Monday. Cadence Design Systems, Inc. has a 12 month low of $221.56 and a 12 month high of $376.45. The firm has a fifty day simple moving average of $301.94 and a 200 day simple moving average of $321.94. The stock has a market capitalization of $78.26 billion, a price-to-earnings ratio of 70.70, a PEG ratio of 3.45 and a beta of 1.00. The company has a current ratio of 2.86, a quick ratio of 2.67 and a debt-to-equity ratio of 0.45.

Cadence Design Systems (NASDAQ:CDNS) last issued 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 net margin of 20.93% and a return on equity of 29.34%. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period in the previous year, the business earned $1.88 EPS. The company’s 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. Research analysts forecast that Cadence Design Systems, Inc. will post 5.41 EPS for the current fiscal year.

Insider Activity

In related news, CFO John M. Wall sold 27,805 shares of the company’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $318.57, for a total transaction of $8,857,838.85. Following the sale, the chief financial officer owned 69,957 shares in the company, valued at approximately $22,286,201.49. This represents a 28.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Paul Cunningham sold 1,000 shares of the stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $297.78, for a total value of $297,780.00. Following the transaction, the vice president directly owned 94,137 shares of the company’s stock, valued at $28,032,115.86. This trade represents a 1.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 30,810 shares of company stock valued at $9,767,972 in the last 90 days. 0.37% of the stock is owned by corporate insiders.

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.