Cadence Design Systems, Inc. $CDNS Shares Sold by NewEdge Wealth LLC

NewEdge Wealth LLC lessened its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 43.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,259 shares of the software maker’s stock after selling 2,518 shares during the quarter. NewEdge Wealth LLC’s holdings in Cadence Design Systems were worth $906,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Cadence Design Systems during the fourth quarter worth $28,000. Imprint Wealth LLC purchased a new stake in Cadence Design Systems during the 3rd quarter worth $31,000. Whipplewood Advisors LLC increased its stake in Cadence Design Systems by 933.3% during the 1st quarter. Whipplewood Advisors LLC now owns 93 shares of the software maker’s stock worth $26,000 after buying an additional 84 shares during the period. Swiss RE Ltd. acquired a new position in Cadence Design Systems in the 4th quarter worth $29,000. Finally, Brown Lisle Cummings Inc. lifted its holdings in 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 in the last quarter. Institutional investors and hedge funds own 84.85% of the company’s stock.

Cadence Design Systems Price Performance

CDNS opened at $338.61 on Tuesday. The company has a 50-day moving average of $373.77 and a 200-day moving average of $329.63. The company has a market capitalization of $93.40 billion, a P/E ratio of 78.93, a PEG ratio of 3.86 and a beta of 1.15. Cadence Design Systems, Inc. has a 1-year low of $262.75 and a 1-year high of $416.69. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.32 and a current ratio of 1.47.

Cadence Design Systems (NASDAQ:CDNS) last issued its earnings results on Monday, July 27th. The software maker reported $2.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.05 by $0.06. Cadence Design Systems had a net margin of 21.18% and a return on equity of 28.44%. The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the prior year, the business posted $1.65 EPS. The company’s revenue for the quarter was up 24.2% on a year-over-year basis. 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 6.23 EPS for the current fiscal year.

Insider Activity

In other Cadence Design Systems news, Director Ita M. Brennan sold 180 shares of the stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $387.45, for a total transaction of $69,741.00. Following the transaction, the director owned 8,004 shares of the company’s stock, valued at $3,101,149.80. This trade represents a 2.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at 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 that occurred on 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 owned 126,586 shares of the company’s stock, valued at approximately $49,495,126. The trade was a 1.56% 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. Insiders have sold a total of 157,057 shares of company stock valued at $60,272,277 over the last three months. Company insiders own 0.49% of the company’s stock.

Trending Headlines about Cadence Design Systems

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

• Positive Sentiment: Cadence reported second-quarter adjusted earnings of $2.11 per share, exceeding the $2.05 consensus estimate and rising from $1.65 a year earlier. Revenue was $1.58 billion, in line with expectations. Cadence Design Systems Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: The company raised its full-year 2026 outlook, projecting earnings of $8.05-$8.15 per share and revenue of approximately $6.3 billion. The higher forecast indicates management expects continued strength in AI and high-performance computing-related demand. Cadence Raises Annual Forecasts as Demand Booms for AI Chip Design
• Positive Sentiment: Third-quarter 2026 EPS guidance of $2.01-$2.07 was above the reported consensus estimate of $1.84, reinforcing expectations for near-term earnings momentum. Cadence Design Systems Beats Q2 Estimates and Raises 2026 Outlook
• Neutral Sentiment: Cadence’s operating metrics remain solid, including a 28.44% return on equity and 21.18% net margin. The shares remain well above their 52-week low but below the 52-week high, suggesting investors are weighing strong growth against elevated expectations.
• Negative Sentiment: At roughly 79 times earnings and a PEG ratio near 3.9, CDNS trades at a demanding valuation. Any slowdown in AI-related spending or failure to exceed the upgraded forecasts could increase downside risk.

Analyst Upgrades and Downgrades

CDNS has been the subject of several recent analyst reports. KeyCorp raised their target price on Cadence Design Systems from $405.00 to $425.00 and gave the company an “overweight” rating in a research note on Tuesday, April 28th. Piper Sandler increased their price target on Cadence Design Systems from $319.00 to $325.00 and gave the company a “neutral” rating in a report on Tuesday, April 28th. Needham & Company LLC restated a “buy” rating and set a $400.00 price objective on shares of Cadence Design Systems in a research note on Tuesday, April 28th. Citigroup lifted their price objective on Cadence Design Systems from $385.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Finally, Robert W. Baird upped their target price on Cadence Design Systems from $381.00 to $385.00 and gave the company an “outperform” rating in a research report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $393.65.

Cadence Design Systems Company 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.