Robocap Asset Management Ltd Trims Stock Position in Cadence Design Systems, Inc. $CDNS

Robocap Asset Management Ltd lessened its stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 45.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 9,434 shares of the software maker’s stock after selling 7,869 shares during the quarter. Cadence Design Systems makes up about 2.6% of Robocap Asset Management Ltd’s investment portfolio, making the stock its 17th biggest position. Robocap Asset Management Ltd’s holdings in Cadence Design Systems were worth $2,949,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Y.D. More Investments Ltd purchased a new stake in shares of Cadence Design Systems during the 3rd quarter worth approximately $26,000. Caitlin John LLC purchased a new stake in shares of Cadence Design Systems during the 3rd quarter worth approximately $29,000. Imprint Wealth LLC purchased a new stake in shares of Cadence Design Systems during the 3rd quarter worth approximately $31,000. Lodestone Wealth Management LLC purchased a new stake in shares of Cadence Design Systems during the 4th quarter worth approximately $30,000. Finally, Cloud Capital Management LLC purchased a new stake in shares of Cadence Design Systems during the 3rd quarter worth approximately $35,000. Hedge funds and other institutional investors own 84.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Stifel Nicolaus set a $395.00 target price on shares of Cadence Design Systems in a report on Wednesday, February 18th. Wells Fargo & Company upped their price target on shares of Cadence Design Systems from $375.00 to $400.00 and gave the company an “overweight” rating in a research report on Tuesday, April 28th. KeyCorp upped their price target on shares of Cadence Design Systems from $405.00 to $425.00 and gave the company an “overweight” rating in a research report on Tuesday. Rosenblatt Securities reiterated a “buy” rating and issued a $360.00 price target on shares of Cadence Design Systems in a research report on Friday, April 24th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $400.00 price target on shares of Cadence Design Systems in a research report on Tuesday, April 28th. Fourteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Cadence Design Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $380.59.

Cadence Design Systems Stock Up 3.4%

CDNS stock opened at $340.94 on Friday. The company has a fifty day moving average price of $296.48 and a 200 day moving average price of $309.17. Cadence Design Systems, Inc. has a 12 month low of $262.75 and a 12 month high of $376.45. The company has a market cap of $94.13 billion, a price-to-earnings ratio of 79.47, a price-to-earnings-growth ratio of 4.04 and a beta of 1.13. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.47 and a quick ratio of 2.67.

Cadence Design Systems (NASDAQ:CDNS) last released its quarterly earnings results on Monday, April 27th. The software maker reported $1.96 EPS for the quarter, beating the consensus estimate of $1.91 by $0.05. Cadence Design Systems had a net margin of 21.18% and a return on equity of 28.44%. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the firm earned $1.57 EPS. Cadence Design Systems’s revenue for the quarter was up 18.6% on a year-over-year basis. Cadence Design Systems has set its FY 2026 guidance at 7.850-7.950 EPS and its Q2 2026 guidance at 2.020-2.080 EPS. Sell-side analysts expect that Cadence Design Systems, Inc. will post 6.22 earnings per share for the current year.

Insider Buying and Selling at Cadence Design Systems

In other news, Director Ita M. Brennan sold 180 shares of Cadence Design Systems stock in a transaction dated 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 $2,203,874.10. The trade was a 2.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Paul Cunningham sold 1,000 shares of Cadence Design Systems stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $297.78, for a total transaction of $297,780.00. Following the completion of the sale, the vice president directly owned 94,137 shares in the company, valued at approximately $28,032,115.86. The trade was a 1.05% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 24,680 shares of company stock valued at $7,579,340. 0.49% of the stock is owned by company 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.