Arizona State Retirement System Sells 2,877 Shares of Cadence Design Systems, Inc. $CDNS

Arizona State Retirement System decreased its position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 3.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,861 shares of the software maker’s stock after selling 2,877 shares during the quarter. Arizona State Retirement System’s holdings in Cadence Design Systems were worth $24,025,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC increased its holdings in Cadence Design Systems by 80.2% during the 4th quarter. Brighton Jones LLC now owns 1,519 shares of the software maker’s stock worth $456,000 after purchasing an additional 676 shares in the last quarter. Integrated Wealth Concepts LLC grew its position in Cadence Design Systems by 3.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,203 shares of the software maker’s stock worth $560,000 after purchasing an additional 80 shares in the last quarter. Thompson Davis & CO. Inc. bought a new stake in Cadence Design Systems in the 2nd quarter worth about $205,000. NewEdge Advisors LLC grew its position in Cadence Design Systems by 39.3% in the 2nd quarter. NewEdge Advisors LLC now owns 34,787 shares of the software maker’s stock worth $10,720,000 after purchasing an additional 9,807 shares in the last quarter. Finally, Glenview Trust co bought a new stake in Cadence Design Systems in the 2nd quarter worth about $226,000. Institutional investors own 84.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CDNS. Wells Fargo & Company reduced their price objective on shares of 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. Morgan Stanley reduced their price target on shares of Cadence Design Systems from $385.00 to $370.00 and set an “overweight” rating for the company in a research report on Wednesday, February 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cadence Design Systems in a research note on Monday, December 29th. Piper Sandler cut their price target on Cadence Design Systems from $355.00 to $319.00 and set a “neutral” rating for the company in a research note on Wednesday, February 18th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $360.00 price target on shares of Cadence Design Systems in a 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $377.06.

Cadence Design Systems News Roundup

Here are the key news stories impacting Cadence Design Systems this week:

• Positive Sentiment: Expanded TSMC alliance — Cadence broadened its collaboration with TSMC to deliver silicon‑proven IP, signoff‑ready flows and AI‑driven design infrastructure for N3/N2/A16/A14 nodes, which should speed advanced AI chip development and improve customer time‑to‑market. Cadence Expands TSMC Alliance to Boost Advanced AI Chip Design
• Positive Sentiment: Deeper NVIDIA partnership — Cadence and NVIDIA expanded work on agentic AI, digital twins and simulation integration, reinforcing Cadence’s role in AI‑driven EDA workflows and potentially widening addressable market for high‑margin software/IP. Cadence And NVIDIA Deepen AI Partnership As Valuation Stays Demanding
• Positive Sentiment: Google collaboration — Cadence is working with Google to optimize its ChipStack AI Super‑Agent with Gemini on Google Cloud, supporting agentic, cloud‑native chip design workflows that could accelerate customer adoption. Alphabet Inc. (GOOGL)’s Google Partners with Cadence to Advance Chip Development
• Positive Sentiment: Analyst bullishness — Needham raised its price target to $400, signaling continued analyst conviction in Cadence’s growth runway from agentic AI and EDA/IP exposure. Needham & Company LLC Raises Cadence Design Systems (NASDAQ:CDNS) Price Target to $400.00
• Neutral Sentiment: Q1 earnings near — analysts expect Cadence to report results soon; previews point to strong AI‑driven demand and backlog but warn macro and competitive pressures could affect guidance and sentiment. Earnings could be a catalyst either way. Cadence Design to Release Q1 Earnings: Here’s What to Expect
• Negative Sentiment: Insider selling — a reported sale of 21,500 shares by John Wall may have heightened near‑term selling pressure and raised caution among some investors. John Wall Sells 21,500 Shares of Cadence Design Systems (NASDAQ:CDNS) Stock
• Negative Sentiment: Market reaction & valuation concerns — commentary flagged that Cadence’s pullback exceeded the broader market decline today; with a rich valuation (high P/E) and recent run‑up, investors appear to be taking profits ahead of the upcoming report. Cadence Design Systems (CDNS) Suffers a Larger Drop Than the General Market: Key Insights

Cadence Design Systems Trading Down 5.2%

Shares of Cadence Design Systems stock opened at $314.33 on Friday. Cadence Design Systems, Inc. has a 1 year low of $262.75 and a 1 year high of $376.45. The firm has a market cap of $86.78 billion, a PE ratio of 77.42, a PEG ratio of 3.98 and a beta of 1.04. 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 company has a 50 day simple moving average of $293.06 and a two-hundred day simple moving average of $309.82.

Cadence Design Systems (NASDAQ:CDNS) last announced its 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. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.42 billion. Cadence Design Systems had a net margin of 20.93% and a return on equity of 29.34%. Cadence Design Systems’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.88 earnings per share. 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. Analysts expect that Cadence Design Systems, Inc. will post 6.51 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Ita M. Brennan sold 180 shares of the business’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 completion of the sale, the director owned 7,470 shares in the company, valued at $2,203,874.10. The trade was a 2.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO John M. Wall sold 21,500 shares of the business’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $309.45, for a total value of $6,653,175.00. Following the completion of the sale, the chief financial officer directly owned 86,875 shares of the company’s stock, valued at approximately $26,883,468.75. This trade represents a 19.84% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 24,680 shares of company stock worth $7,579,340 in the last quarter. 0.49% of the stock is owned by insiders.

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.