Peak Financial Advisors LLC Lowers Stake in Cadence Design Systems, Inc. $CDNS

Peak Financial Advisors LLC cut its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 72.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,954 shares of the software maker’s stock after selling 5,124 shares during the period. Peak Financial Advisors LLC’s holdings in Cadence Design Systems were worth $611,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CDNS. Peterson Wealth Services increased its holdings in Cadence Design Systems by 1,501.3% during the 3rd quarter. Peterson Wealth Services now owns 187,115 shares of the software maker’s stock worth $65,726,000 after purchasing an additional 175,430 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Cadence Design Systems by 83.3% in the 3rd quarter. Pacer Advisors Inc. now owns 182,348 shares of the software maker’s stock worth $64,052,000 after buying an additional 82,856 shares during the period. Stanley Laman Group Ltd. bought a new position in shares of Cadence Design Systems during the 3rd quarter worth $6,177,000. Patton Fund Management Inc. increased its stake in shares of Cadence Design Systems by 1,743.7% during the third quarter. Patton Fund Management Inc. now owns 13,994 shares of the software maker’s stock valued at $4,916,000 after buying an additional 13,235 shares during the period. Finally, Westerkirk Capital Inc. purchased a new position in shares of Cadence Design Systems during the second quarter valued at $2,024,000. Institutional investors own 84.85% of the company’s stock.

Cadence Design Systems News Summary

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

• Positive Sentiment: Recent fundamentals remain supportive — Q4 EPS and revenue topped expectations and management left strong FY/Q1 guidance, underpinning the company’s cash flow and backlog (fundamental tailwind).
• Positive Sentiment: Analyst targets generally sit well above the current price (median target ~$375), indicating continued analyst confidence in upside over the medium term. QuiverQuant: CDNS slides
• Neutral Sentiment: Sector backdrop: rising AI tool adoption is boosting demand for EDA/design automation overall (positive for the space, but not a company-specific catalyst). Can Rising AI Tool Adoption Lift Synopsys’ Design Automation Revenues?
• Neutral Sentiment: Reported short-interest data for March appears anomalous (entries show 0 shares / NaN changes) — data inconsistency makes short-interest signals uninformative this cycle.
• Negative Sentiment: Heavy put buying: unusually large put-option volume was reported (large one‑day increase in puts), signaling either hedging or outright bearish positioning that can pressure the stock.
• Negative Sentiment: Automatic shelf registration filed earlier this year gives the company flexibility to issue securities — investors often view this as a potential dilution/financing flag. QuiverQuant: CDNS slides
• Negative Sentiment: Notable insider selling and institutional repositioning have been reported (multiple insider sales, large fund rebalances), which can weigh on sentiment even if not company-actionable. QuiverQuant: CDNS slides
• Negative Sentiment: Macro/valuation sensitivity: commentary highlights a ~16% decline over the past six months and concerns that high multiples make the stock vulnerable to risk‑off moves and short-term profit-taking. Cadence Registers Bigger Fall Than Market

Analysts Set New Price Targets

CDNS has been the subject of a number of research reports. Oppenheimer raised shares of Cadence Design Systems from an “underperform” rating to a “market perform” rating and set a $275.00 price objective for the company in a research note on Monday, December 1st. Wells Fargo & Company cut their target price on shares of 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. Needham & Company LLC restated a “buy” rating and issued a $390.00 price target on shares of Cadence Design Systems in a report on Wednesday, February 18th. Piper Sandler lowered their price target on shares of Cadence Design Systems from $355.00 to $319.00 and set a “neutral” rating for the company in a research report on Wednesday, February 18th. Finally, Stifel Nicolaus set a $395.00 price objective on shares of Cadence Design Systems in a research note on Wednesday, February 18th. Fifteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $376.50.

Cadence Design Systems Price Performance

Shares of CDNS stock opened at $281.39 on Thursday. The stock’s 50-day moving average is $297.17 and its 200 day moving average is $318.71. Cadence Design Systems, Inc. has a 1-year low of $221.56 and a 1-year high of $376.45. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.86 and a quick ratio of 2.67. The company has a market cap of $76.72 billion, a P/E ratio of 69.31, a PEG ratio of 3.42 and a beta of 1.00.

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

Insider Buying and Selling

In other news, VP Paul Cunningham sold 1,000 shares of the company’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $297.78, for a total transaction of $297,780.00. Following the transaction, the vice president directly owned 94,137 shares of the company’s stock, valued at approximately $28,032,115.86. This represents a 1.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ita M. Brennan sold 180 shares of the stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $295.03, for a total value of $53,105.40. Following the sale, the director owned 7,470 shares of the company’s stock, valued at approximately $2,203,874.10. This represents a 2.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,185 shares of company stock valued at $963,238 in the last three months. 1.99% of the stock is currently owned by corporate insiders.

Cadence Design Systems 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.