Renaissance Group LLC Sells 2,689 Shares of Cadence Design Systems, Inc. $CDNS

Renaissance Group LLC lowered its stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 107,959 shares of the software maker’s stock after selling 2,689 shares during the period. Cadence Design Systems accounts for approximately 1.4% of Renaissance Group LLC’s portfolio, making the stock its 27th largest holding. Renaissance Group LLC’s holdings in Cadence Design Systems were worth $33,746,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Spirepoint Private Client LLC grew its position in shares of Cadence Design Systems by 4.6% in the fourth quarter. Spirepoint Private Client LLC now owns 722 shares of the software maker’s stock valued at $226,000 after purchasing an additional 32 shares in the last quarter. West Family Investments Inc. lifted its holdings in Cadence Design Systems by 2.2% during the 3rd quarter. West Family Investments Inc. now owns 1,559 shares of the software maker’s stock worth $548,000 after purchasing an additional 33 shares in the last quarter. Townsquare Capital LLC boosted its stake in Cadence Design Systems by 3.6% in the 4th quarter. Townsquare Capital LLC now owns 977 shares of the software maker’s stock worth $305,000 after purchasing an additional 34 shares during the period. Pinnacle Associates Ltd. grew its holdings in Cadence Design Systems by 3.4% during the 3rd quarter. Pinnacle Associates Ltd. now owns 1,079 shares of the software maker’s stock valued at $379,000 after buying an additional 35 shares in the last quarter. Finally, Global Assets Advisory LLC grew its holdings in Cadence Design Systems by 2.1% during the 4th quarter. Global Assets Advisory LLC now owns 1,726 shares of the software maker’s stock valued at $540,000 after buying an additional 35 shares in the last quarter. 84.85% of the stock is owned by institutional investors.

Cadence Design Systems Stock Down 1.5%

Shares of NASDAQ CDNS opened at $385.13 on Thursday. The stock has a market capitalization of $106.23 billion, a P/E ratio of 89.77, a PEG ratio of 4.63 and a beta of 1.15. Cadence Design Systems, Inc. has a one year low of $262.75 and a one year high of $416.69. The firm’s 50 day simple moving average is $340.11 and its two-hundred day simple moving average is $317.68. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.47 and a quick ratio of 1.32.

Cadence Design Systems (NASDAQ:CDNS) last announced its quarterly earnings data on Monday, April 27th. The software maker reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.05. Cadence Design Systems had a net margin of 21.18% and a return on equity of 28.44%. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same period in the previous year, the business posted $1.57 EPS. The business’s quarterly revenue was up 18.6% on a year-over-year basis. Cadence Design Systems has set its FY 2026 guidance at 7.850-7.950 EPS and its Q2 2026 guidance at 2.020-2.080 EPS. As a group, analysts expect that Cadence Design Systems, Inc. will post 6.23 EPS for the current fiscal year.

Insider Buying and Selling at Cadence Design Systems

In other news, VP Paul Scannell sold 7,081 shares of Cadence Design Systems stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $393.91, for a total value of $2,789,276.71. Following the transaction, the vice president owned 32,181 shares in the company, valued at approximately $12,676,417.71. The trade was a 18.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paul Cunningham sold 1,000 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $337.49, for a total value of $337,490.00. Following the completion of the sale, the vice president directly owned 127,586 shares of the company’s stock, valued at approximately $43,058,999.14. This trade represents a 0.78% 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. Over the last three months, insiders sold 176,046 shares of company stock valued at $65,830,801. Company insiders own 0.49% of the company’s stock.

Key Stories Impacting Cadence Design Systems

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

• Positive Sentiment: Cadence is being viewed as an AI beneficiary, with commentary framing the company as a key “bottleneck” provider in AI chip design software, which supports its long-term growth narrative. Cadence Design Systems: The Software Version Of An AI Bottleneck
• Positive Sentiment: Intel’s newly expanded deal with Cadence was interpreted as a sign of confidence in Intel’s next-generation chip-manufacturing plans, reinforcing Cadence’s role as an important partner in the semiconductor ecosystem. Intel Stock Gains. What a New Deal Means for Its Chip-Manufacturing Plans.
• Neutral Sentiment: Cadence’s presentation at the Nasdaq and Jefferies investor conference kept the stock in focus, but no major new financial guidance or contract announcement was highlighted in the available details. Cadence Design Systems, Inc. (CDNS) Presents at 54th Nasdaq & Jefferies Investor Conference Transcript
• Neutral Sentiment: Recent articles have also focused on whether Cadence can sustain its AI-driven momentum, suggesting investors are weighing valuation and durability rather than reacting to a single new catalyst. Can Cadence Design Systems Sustain Its AI-Driven Momentum?
• Negative Sentiment: Broader semiconductor sentiment has softened, with coverage noting that short interest is rising across the group and that the semiconductor index may be entering a correction, which can weigh on CDNS despite company-specific strength. Semiconductor shorts pile on as winning trade reverses
• Negative Sentiment: One market recap noted CDNS stock moved lower in the latest session, indicating some near-term selling pressure even without a clear company-specific negative catalyst. Cadence Design Systems (CDNS) Stock Moves -1.42%: What You Should Know

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CDNS shares. Morgan Stanley lowered their price target on shares of Cadence Design Systems from $385.00 to $370.00 and set an “overweight” rating on the stock in a report on Wednesday, February 18th. KeyCorp boosted their price objective on shares of Cadence Design Systems from $405.00 to $425.00 and gave the company an “overweight” rating in a research note on Tuesday, April 28th. Needham & Company LLC reaffirmed a “buy” rating and set a $400.00 target price on shares of Cadence Design Systems in a report on Tuesday, April 28th. Berenberg Bank set a $440.00 target price on shares of Cadence Design Systems in a research note on Wednesday, May 27th. Finally, Robert W. Baird boosted their price target on shares of Cadence Design Systems from $381.00 to $385.00 and gave the company an “outperform” rating in a research report on Tuesday, April 28th. Fourteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $386.59.

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.