GraniteShares Advisors LLC Lowers Stock Holdings in Cadence Design Systems, Inc. $CDNS

GraniteShares Advisors LLC lowered its holdings in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 89.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 313 shares of the software maker’s stock after selling 2,714 shares during the quarter. GraniteShares Advisors LLC’s holdings in Cadence Design Systems were worth $98,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of CDNS. Y.D. More Investments Ltd bought a new stake in shares of Cadence Design Systems in the third quarter worth about $26,000. Caitlin John LLC bought a new stake in Cadence Design Systems in the third quarter worth $29,000. Lodestone Wealth Management LLC purchased a new stake in shares of Cadence Design Systems in the fourth quarter valued at $30,000. Imprint Wealth LLC purchased a new stake in Cadence Design Systems in the 3rd quarter worth about $31,000. Finally, Strategic Wealth Investment Group LLC bought a new stake in shares of Cadence Design Systems during the 2nd quarter worth approximately $32,000. 84.85% of the stock is currently owned by institutional investors.

Cadence Design Systems Stock Performance

CDNS stock opened at $278.72 on Friday. The firm has a market cap of $76.95 billion, a P/E ratio of 68.65, a PEG ratio of 3.35 and a beta of 1.04. Cadence Design Systems, Inc. has a 52-week low of $221.56 and a 52-week high of $376.45. The company’s 50-day simple moving average is $291.71 and its 200-day simple moving average is $315.07. 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 (NASDAQ:CDNS) last announced its earnings results on Tuesday, February 17th. The software maker reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.08. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.42 billion. Cadence Design Systems had a return on equity of 29.34% and a net margin of 20.93%.The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the company posted $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 forecast that Cadence Design Systems, Inc. will post 5.41 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CDNS shares. Stifel Nicolaus set a $395.00 price objective on shares of Cadence Design Systems in a report on Wednesday, February 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cadence Design Systems in a research report on Monday, December 29th. Morgan Stanley reduced their price target on Cadence Design Systems from $385.00 to $370.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 18th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $360.00 price objective on shares of Cadence Design Systems in a research report on Thursday, February 26th. Finally, Wells Fargo & Company lowered their price target 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 company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $376.50.

Insider Activity at Cadence Design Systems

In other Cadence Design Systems news, VP Paul Cunningham sold 1,000 shares of the stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $280.19, for a total transaction of $280,190.00. Following the completion of the transaction, the vice president owned 128,586 shares of the company’s stock, valued at $36,028,511.34. This represents a 0.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ita M. Brennan sold 180 shares of the stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $295.03, for a total value of $53,105.40. Following the completion of the transaction, the director directly owned 7,470 shares of the company’s stock, valued at approximately $2,203,874.10. This represents a 2.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 3,185 shares of company stock valued at $927,728. 1.99% of the stock is owned by company 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.