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

Nvwm LLC cut its holdings in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 19.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,063 shares of the software maker’s stock after selling 1,965 shares during the quarter. Nvwm LLC’s holdings in Cadence Design Systems were worth $2,520,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Brighton Jones LLC grew its stake in shares of Cadence Design Systems by 80.2% in the 4th quarter. Brighton Jones LLC now owns 1,519 shares of the software maker’s stock worth $456,000 after purchasing an additional 676 shares during the last quarter. Integrated Wealth Concepts LLC lifted its stake in Cadence Design Systems by 3.8% during the first quarter. Integrated Wealth Concepts LLC now owns 2,203 shares of the software maker’s stock valued at $560,000 after purchasing an additional 80 shares during the last quarter. Thompson Davis & CO. Inc. bought a new stake in Cadence Design Systems during the second quarter worth approximately $205,000. Quantbot Technologies LP bought a new stake in Cadence Design Systems during the second quarter worth approximately $2,432,000. Finally, Beacon Pointe Advisors LLC grew its position in Cadence Design Systems by 38.3% in the second quarter. Beacon Pointe Advisors LLC now owns 2,001 shares of the software maker’s stock worth $617,000 after buying an additional 554 shares during the last quarter. 84.85% of the stock is owned by institutional investors and hedge funds.

Cadence Design Systems Price Performance

Shares of NASDAQ:CDNS opened at $278.72 on Friday. The firm has a 50 day simple moving average of $291.71 and a 200 day simple moving average of $315.07. Cadence Design Systems, Inc. has a 52 week low of $221.56 and a 52 week high of $376.45. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.67 and a current ratio of 2.86. The company has a market cap of $76.95 billion, a PE ratio of 68.65, a price-to-earnings-growth ratio of 3.35 and a beta of 1.04.

Cadence Design Systems (NASDAQ:CDNS) last posted its quarterly earnings data on Tuesday, February 17th. The software maker reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.08. Cadence Design Systems had a net margin of 20.93% and a return on equity of 29.34%. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the previous year, the company posted $1.88 EPS. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. 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. As a group, research analysts expect that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Morgan Stanley dropped their price target on Cadence Design Systems from $385.00 to $370.00 and set an “overweight” rating on the stock in a report on Wednesday, February 18th. Rosenblatt Securities restated a “buy” rating and issued a $360.00 target price on shares of Cadence Design Systems in a report on Thursday, February 26th. Wells Fargo & Company cut their target price on 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cadence Design Systems in a report on Monday, December 29th. Finally, Stifel Nicolaus set a $395.00 price target on Cadence Design Systems in a research report on Wednesday, February 18th. Fifteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Cadence Design Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $376.50.

Insiders Place Their Bets

In other Cadence Design Systems news, Director Ita M. Brennan sold 180 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $295.03, for a total transaction of $53,105.40. Following the completion of the sale, the director directly owned 7,470 shares in the company, valued at approximately $2,203,874.10. This trade represents a 2.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Paul Cunningham sold 1,000 shares of the firm’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $297.78, for a total value of $297,780.00. Following the sale, the vice president owned 94,137 shares of the company’s stock, valued at $28,032,115.86. The trade was a 1.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,185 shares of company stock worth $927,728 in the last quarter. 1.99% of the stock is currently owned by corporate insiders.

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.