AIA Group Ltd Purchases 35,271 Shares of Cadence Design Systems, Inc. $CDNS

AIA Group Ltd boosted its position in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 563.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 41,529 shares of the software maker’s stock after purchasing an additional 35,271 shares during the period. AIA Group Ltd’s holdings in Cadence Design Systems were worth $14,587,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Peterson Wealth Services increased its position in Cadence Design Systems by 1,501.3% in the third quarter. Peterson Wealth Services now owns 187,115 shares of the software maker’s stock worth $65,726,000 after buying an additional 175,430 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Cadence Design Systems by 83.3% during the 3rd quarter. Pacer Advisors Inc. now owns 182,348 shares of the software maker’s stock valued at $64,052,000 after buying an additional 82,856 shares in the last quarter. Stanley Laman Group Ltd. bought a new position in shares of Cadence Design Systems during the 3rd quarter valued at approximately $6,177,000. Patton Fund Management Inc. grew its stake in shares of Cadence Design Systems by 1,743.7% during the 3rd quarter. Patton Fund Management Inc. now owns 13,994 shares of the software maker’s stock valued at $4,916,000 after acquiring an additional 13,235 shares during the period. Finally, Westerkirk Capital Inc. purchased a new stake in Cadence Design Systems in the 2nd quarter worth approximately $2,024,000. 84.85% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on CDNS. Wells Fargo & Company decreased their target price on shares of Cadence Design Systems from $410.00 to $375.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 18th. Citigroup initiated coverage on shares of Cadence Design Systems in a research report on Monday, November 24th. They issued a “buy” rating and a $385.00 price target for the company. Oppenheimer upgraded shares of Cadence Design Systems from an “underperform” rating to a “market perform” rating and set a $275.00 price objective on the stock in a research report on Monday, December 1st. Stifel Nicolaus set a $395.00 target price on shares of Cadence Design Systems in a research note on Wednesday, February 18th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cadence Design Systems in a report on Monday, December 29th. Fifteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Cadence Design Systems has a consensus rating of “Moderate Buy” and a consensus price target of $376.50.

Cadence Design Systems Price Performance

CDNS stock opened at $289.64 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.67 and a current ratio of 2.86. The company’s fifty day moving average price is $300.74 and its 200-day moving average price is $320.89. Cadence Design Systems, Inc. has a one year low of $221.56 and a one year high of $376.45. The company has a market capitalization of $78.97 billion, a PE ratio of 71.34, a price-to-earnings-growth ratio of 3.53 and a beta of 1.00.

Cadence Design Systems (NASDAQ:CDNS) last posted its earnings results on Tuesday, February 17th. The software maker reported $1.99 earnings per share 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 company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period last year, the company posted $1.88 earnings per share. Cadence Design Systems’s quarterly revenue was up 6.2% on a year-over-year basis. 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. On average, equities analysts anticipate that Cadence Design Systems, Inc. will post 5.41 EPS for the current fiscal year.

Insider Transactions at Cadence Design Systems

In other news, Director Ita M. Brennan sold 180 shares of the company’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 transaction of $53,105.40. Following the sale, the director directly owned 7,470 shares of the company’s stock, valued at $2,203,874.10. This represents a 2.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 owned 94,137 shares of the company’s stock, valued at $28,032,115.86. This represents a 1.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 3,185 shares of company stock worth $963,238 over the last quarter. 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.