Railway Pension Investments Ltd Boosts Stock Position in Cadence Design Systems, Inc. $CDNS

Railway Pension Investments Ltd grew its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 3.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 146,200 shares of the software maker’s stock after purchasing an additional 5,480 shares during the period. Railway Pension Investments Ltd owned approximately 0.05% of Cadence Design Systems worth $54,872,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Avalon Trust Co acquired a new position in Cadence Design Systems during the second quarter worth $30,000. Fiduciary Financial Advisors purchased a new stake in shares of Cadence Design Systems during the 2nd quarter worth $31,000. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Cadence Design Systems during the 4th quarter worth $28,000. Arlington Trust Co LLC grew its stake in shares of Cadence Design Systems by 154.3% during the 2nd quarter. Arlington Trust Co LLC now owns 89 shares of the software maker’s stock worth $33,000 after purchasing an additional 54 shares during the period. Finally, Imprint Wealth LLC purchased a new position in shares of Cadence Design Systems in the 3rd quarter valued at about $31,000. 84.85% of the stock is currently owned by hedge funds and other institutional investors.

Cadence Design Systems Trading Down 0.5%

Shares of Cadence Design Systems stock opened at $338.78 on Tuesday. Cadence Design Systems, Inc. has a fifty-two week low of $262.75 and a fifty-two week high of $416.69. The business’s fifty day moving average is $347.16 and its two-hundred day moving average is $333.84. The company has a quick ratio of 1.53, a current ratio of 1.74 and a debt-to-equity ratio of 0.36. The firm has a market cap of $93.30 billion, a PE ratio of 67.35, a P/E/G ratio of 3.65 and a beta of 1.15.

Cadence Design Systems (NASDAQ:CDNS) last announced its quarterly earnings data on Monday, July 27th. The software maker reported $2.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.06. The company had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Cadence Design Systems had a net margin of 23.60% and a return on equity of 27.98%. The business’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same period in the previous year, the company earned $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 year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Weiss Ratings raised Cadence Design Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 30th. Berenberg Bank set a $440.00 price objective on Cadence Design Systems in a research note on Wednesday, May 27th. Citigroup boosted their target price on Cadence Design Systems from $400.00 to $420.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. Bank of America upped their target price on Cadence Design Systems from $400.00 to $420.00 and gave the company a “buy” rating in a report on Tuesday, July 28th. Finally, Robert W. Baird raised their price target on Cadence Design Systems from $415.00 to $420.00 and gave the company an “outperform” rating in a research report on Tuesday, July 28th. Thirteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Cadence Design Systems currently has an average rating of “Moderate Buy” and a consensus price target of $405.69.

Insider Buying and Selling at Cadence Design Systems

In related news, Director Vincentelli Albert Sangiovanni sold 1,250 shares of the business’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $320.88, for a total value of $401,100.00. Following the transaction, the director owned 40,794 shares in the company, valued at approximately $13,089,978.72. The trade was a 2.97% decrease in their ownership of the stock. The transaction 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 Cadence Design Systems stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $323.32, for a total value of $646,640.00. Following the sale, the vice president owned 124,586 shares in the company, valued at $40,281,145.52. This represents a 1.58% decrease in their ownership of the stock. 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. In the last quarter, insiders sold 7,221 shares of company stock valued at $2,570,606. 0.49% of the stock is owned by company insiders.

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.