Cadence Design Systems, Inc. $CDNS Shares Newly Bought by Stableford Capital II LLC

Stableford Capital II LLC bought a new position in Cadence Design Systems, Inc. (NASDAQ:CDNS) during the 3rd quarter, Holdings Channel reports. The fund bought 3,731 shares of the software maker’s stock, valued at approximately $1,232,000.

A number of other hedge funds also recently made changes to their positions in the company. Pinnacle Wealth Management Advisory Group LLC boosted its stake in Cadence Design Systems by 3.1% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,033 shares of the software maker’s stock valued at $287,000 after buying an additional 31 shares during the last quarter. Westfuller Advisors LLC increased its stake in Cadence Design Systems by 8.2% in the 1st quarter. Westfuller Advisors LLC now owns 408 shares of the software maker’s stock worth $113,000 after acquiring an additional 31 shares during the last quarter. Cornerstone Planning Group LLC increased its stake in Cadence Design Systems by 32.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 132 shares of the software maker’s stock worth $37,000 after acquiring an additional 32 shares during the last quarter. KCM Investment Advisors LLC raised its holdings in shares of Cadence Design Systems by 0.4% during the 1st quarter. KCM Investment Advisors LLC now owns 8,013 shares of the software maker’s stock worth $2,227,000 after acquiring an additional 32 shares in the last quarter. Finally, Fulton Bank N.A. raised its holdings in shares of Cadence Design Systems by 2.6% during the 2nd quarter. Fulton Bank N.A. now owns 1,296 shares of the software maker’s stock worth $486,000 after acquiring an additional 33 shares in the last quarter. 84.85% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Albert Sangiovanni-Vincentelli sold 1,250 shares of the stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $350.07, for a total value of $437,587.50. Following the sale, the director owned 39,544 shares of the company’s stock, valued at approximately $13,843,168.08. This represents a 3.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paul Cunningham sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $277.12, for a total transaction of $554,240.00. Following the completion of the sale, the vice president owned 121,793 shares of the company’s stock, valued at $33,751,276.16. This trade represents a 1.62% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 6,960 shares of company stock worth $2,185,879. 0.49% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CDNS shares. Bank of America raised their target price on shares of Cadence Design Systems from $400.00 to $420.00 and gave the company a “buy” rating in a report on Tuesday, July 28th. Rosenblatt Securities upped their price target on shares of Cadence Design Systems from $410.00 to $420.00 and gave the company a “buy” rating in a research note on Tuesday, July 28th. Oppenheimer reiterated a “market perform” rating and set a $300.00 price objective on shares of Cadence Design Systems in a research report on Tuesday, July 28th. FBN Securities started coverage on shares of Cadence Design Systems in a research note on Friday, September 11th. They issued an “outperform” rating and a $375.00 price objective for the company. Finally, Robert W. Baird boosted their target price on shares of Cadence Design Systems from $415.00 to $420.00 and gave the stock an “outperform” rating in a report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $405.06.

Cadence Design Systems Price Performance

Shares of Cadence Design Systems stock opened at $348.84 on Friday. The stock has a market cap of $96.07 billion, a price-to-earnings ratio of 69.35, a price-to-earnings-growth ratio of 3.81 and a beta of 1.13. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.53 and a current ratio of 1.74. The stock has a 50 day moving average price of $319.31 and a 200-day moving average price of $337.01. Cadence Design Systems, Inc. has a one year low of $262.75 and a one year high of $416.69.

Cadence Design Systems (NASDAQ:CDNS) last released its quarterly earnings results on Monday, July 27th. The software maker reported $2.11 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.06. The company had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.58 billion. Cadence Design Systems had a return on equity of 27.98% and a net margin of 23.60%.Cadence Design Systems’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same quarter in the prior 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. Equities analysts expect that Cadence Design Systems, Inc. will post 6.41 EPS for the current year.

About Cadence Design Systems

Cadence Design Systems, Inc is a technology company that develops electronic design automation (EDA) software, hardware, and semiconductor intellectual property. Its products help engineers design, verify, analyze, and manufacture complex semiconductor chips, printed circuit boards, and electronic systems.

The company’s offerings include digital and custom/analog integrated-circuit design tools, functional verification and emulation platforms, semiconductor intellectual property, and system analysis solutions.