Lombard Odier Asset Management Europe Ltd Boosts Stock Position in Cadence Design Systems, Inc. $CDNS

Lombard Odier Asset Management Europe Ltd increased its holdings in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 30.9% during the 1st quarter, Holdings Channel reports. The firm owned 52,941 shares of the software maker’s stock after buying an additional 12,495 shares during the period. Lombard Odier Asset Management Europe Ltd’s holdings in Cadence Design Systems were worth $14,711,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of CDNS. Whipplewood Advisors LLC raised its position in Cadence Design Systems by 933.3% during the 1st quarter. Whipplewood Advisors LLC now owns 93 shares of the software maker’s stock valued at $26,000 after purchasing an additional 84 shares during the last quarter. Brown Lisle Cummings Inc. grew its position in shares of Cadence Design Systems by 860.0% in the 1st quarter. Brown Lisle Cummings Inc. now owns 96 shares of the software maker’s stock worth $27,000 after buying an additional 86 shares during the last quarter. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Cadence Design Systems during the fourth quarter valued at approximately $28,000. Swiss RE Ltd. purchased a new position in shares of Cadence Design Systems during the fourth quarter valued at approximately $29,000. Finally, Imprint Wealth LLC bought a new position in shares of Cadence Design Systems during the third quarter valued at approximately $31,000. Hedge funds and other institutional investors own 84.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CDNS. Wall Street Zen raised Cadence Design Systems from a “hold” rating to a “buy” rating in a research note on Saturday. Needham & Company LLC restated a “buy” rating and issued a $400.00 price objective on shares of Cadence Design Systems in a report on Tuesday, July 28th. Bank of America raised their target price on shares of Cadence Design Systems from $400.00 to $420.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. Weiss Ratings upgraded shares of Cadence Design Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday. Finally, Stifel Nicolaus increased their price target on shares of Cadence Design Systems from $395.00 to $432.00 and gave the stock a “buy” rating in a research note on Tuesday, June 9th. Thirteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Cadence Design Systems has a consensus rating of “Moderate Buy” and an average target price of $405.69.

Cadence Design Systems Price Performance

Shares of CDNS opened at $340.02 on Monday. Cadence Design Systems, Inc. has a fifty-two week low of $262.75 and a fifty-two week high of $416.69. The firm’s 50-day simple moving average is $372.37 and its two-hundred day simple moving average is $330.05. The stock has a market cap of $93.64 billion, a PE ratio of 67.60, a price-to-earnings-growth ratio of 3.65 and a beta of 1.15. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.53 and a current ratio of 1.74.

Cadence Design Systems (NASDAQ:CDNS) last issued its quarterly earnings results on Monday, July 27th. The software maker reported $2.11 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.06. The firm had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Cadence Design Systems had a return on equity of 27.98% and a net margin of 23.60%.The business’s revenue for the quarter was up 24.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.65 EPS. Cadence Design Systems has set its FY 2026 guidance at 8.050-8.150 EPS and its Q3 2026 guidance at 2.010-2.070 EPS. Analysts anticipate that Cadence Design Systems, Inc. will post 6.4 earnings per share for the current fiscal year.

Insider Buying and Selling at Cadence Design Systems

In other news, CFO John M. Wall sold 5,000 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $348.71, for a total transaction of $1,743,550.00. Following the completion of the transaction, the chief financial officer directly owned 81,875 shares in the company, valued at $28,550,631.25. This trade represents a 5.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paul Cunningham sold 2,000 shares of Cadence Design Systems stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $391.00, for a total value of $782,000.00. Following the completion of the transaction, the vice president directly owned 126,586 shares of the company’s stock, valued at approximately $49,495,126. This represents a 1.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 145,557 shares of company stock valued at $56,375,287 in the last ninety days. Corporate insiders own 0.49% of the company’s stock.

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.