Elo Mutual Pension Insurance Co Purchases 7,138 Shares of Cadence Design Systems, Inc. $CDNS

Elo Mutual Pension Insurance Co increased its position in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 25.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 34,687 shares of the software maker’s stock after acquiring an additional 7,138 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Cadence Design Systems were worth $12,184,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CDNS. Brighton Jones LLC raised its position in shares of Cadence Design Systems by 80.2% in the fourth quarter. Brighton Jones LLC now owns 1,519 shares of the software maker’s stock valued at $456,000 after purchasing an additional 676 shares during the period. Integrated Wealth Concepts LLC lifted 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 buying an additional 80 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Cadence Design Systems in the second quarter worth approximately $602,000. Keybank National Association OH raised its stake in shares of Cadence Design Systems by 2.0% during the second quarter. Keybank National Association OH now owns 11,123 shares of the software maker’s stock worth $3,428,000 after acquiring an additional 221 shares in the last quarter. Finally, Lifeworks Advisors LLC lifted its holdings in shares of Cadence Design Systems by 23.3% in the 2nd quarter. Lifeworks Advisors LLC now owns 1,233 shares of the software maker’s stock worth $380,000 after acquiring an additional 233 shares during the last quarter. 84.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. 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 report on Wednesday, February 18th. Piper Sandler reduced their price target on Cadence Design Systems from $355.00 to $319.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 18th. Needham & Company LLC reiterated a “buy” rating and issued a $390.00 price objective on shares of Cadence Design Systems in a research report on Wednesday, February 18th. Stifel Nicolaus set a $395.00 price objective on 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 research note on Monday, December 29th. Fifteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Cadence Design Systems currently has an average rating of “Moderate Buy” and a consensus price target of $376.50.

Cadence Design Systems Trading Up 1.3%

Shares of CDNS opened at $301.40 on Monday. Cadence Design Systems, Inc. has a 1-year low of $221.56 and a 1-year high of $376.45. The firm has a market capitalization of $82.18 billion, a price-to-earnings ratio of 74.24, a PEG ratio of 3.60 and a beta of 1.00. The firm’s 50-day moving average price is $305.71 and its 200-day moving average price is $325.55. 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 posted its earnings results 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 firm had revenue of $1.44 billion for 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 revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the business 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. Sell-side analysts anticipate that Cadence Design Systems, Inc. will post 5.41 EPS for the current year.

Insider Buying and Selling at Cadence Design Systems

In related news, Director Ita M. Brennan sold 180 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $337.48, for a total value of $60,746.40. Following the completion of the transaction, the director directly owned 7,650 shares in the company, valued at $2,581,722. The trade was a 2.30% 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, CFO John M. Wall sold 27,805 shares of the business’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $318.57, for a total value of $8,857,838.85. Following the completion of the transaction, the chief financial officer owned 69,957 shares of the company’s stock, valued at $22,286,201.49. This represents a 28.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 55,475 shares of company stock worth $18,192,846 in the last 90 days. Insiders own 0.37% of the company’s stock.

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.