Cadence Design Systems, Inc. $CDNS Stock Holdings Increased by CoreCap Advisors LLC

CoreCap Advisors LLC raised its position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 476.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,415 shares of the software maker’s stock after buying an additional 6,128 shares during the quarter. CoreCap Advisors LLC’s holdings in Cadence Design Systems were worth $2,318,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Oppenheimer upgraded shares of Cadence Design Systems from an “underperform” rating to a “market perform” rating and set a $275.00 price target on the stock in a research report on Monday, December 1st. Rosenblatt Securities reaffirmed a “buy” rating and set a $360.00 price objective on shares of Cadence Design Systems in a research report on Thursday, February 26th. Morgan Stanley dropped their price objective on shares of 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. Piper Sandler cut their target price on shares of 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, Wells Fargo & Company lowered their target price on Cadence Design Systems from $410.00 to $375.00 and set an “overweight” rating for the company in a 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.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $376.50.

Insider Buying and Selling

In related news, Director Ita M. Brennan sold 180 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $295.03, for a total value of $53,105.40. Following the sale, the director directly owned 7,470 shares in the company, valued at $2,203,874.10. This trade represents a 2.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Paul Cunningham sold 1,000 shares of Cadence Design Systems stock in a transaction 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 sale, the vice president directly owned 94,137 shares in the company, valued at $28,032,115.86. The trade was a 1.05% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 3,185 shares of company stock worth $963,238. Corporate insiders own 1.99% of the company’s stock.

Cadence Design Systems Stock Performance

Shares of CDNS opened at $271.77 on Friday. The firm has a fifty day moving average of $295.46 and a 200-day moving average of $317.83. The company has a market cap of $75.03 billion, a price-to-earnings ratio of 66.94, a price-to-earnings-growth ratio of 3.37 and a beta of 1.00. 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 1 year low of $221.56 and a 1 year high of $376.45.

Cadence Design Systems (NASDAQ:CDNS) last released its quarterly earnings data 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 business had revenue of $1.44 billion for 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 company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter last 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. As a group, equities analysts anticipate that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current year.

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.