Prescott Group Capital Management L.L.C. Has $3.38 Million Stock Position in Cadence Design Systems, Inc. $CDNS

Prescott Group Capital Management L.L.C. raised its holdings in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 492.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 9,623 shares of the software maker’s stock after buying an additional 8,000 shares during the period. Prescott Group Capital Management L.L.C.’s holdings in Cadence Design Systems were worth $3,380,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Tiemann Investment Advisors LLC grew its position in Cadence Design Systems by 2.9% in the second quarter. Tiemann Investment Advisors LLC now owns 1,050 shares of the software maker’s stock valued at $324,000 after purchasing an additional 30 shares in the last quarter. Occidental Asset Management LLC grew its holdings in shares of Cadence Design Systems by 2.3% in the 3rd quarter. Occidental Asset Management LLC now owns 1,321 shares of the software maker’s stock valued at $464,000 after acquiring an additional 30 shares in the last quarter. Whittier Trust Co. grew its holdings in shares of Cadence Design Systems by 0.4% in the 3rd quarter. Whittier Trust Co. now owns 7,072 shares of the software maker’s stock valued at $2,456,000 after acquiring an additional 30 shares in the last quarter. Cornerstone Wealth Group LLC increased its position in shares of Cadence Design Systems by 4.3% in the third quarter. Cornerstone Wealth Group LLC now owns 777 shares of the software maker’s stock valued at $273,000 after acquiring an additional 32 shares during the last quarter. Finally, KRS Capital Management LLC boosted its position in Cadence Design Systems by 1.4% during the third quarter. KRS Capital Management LLC now owns 2,425 shares of the software maker’s stock valued at $852,000 after purchasing an additional 33 shares during the last quarter. Institutional investors own 84.85% of the company’s stock.

Insider Activity

In other news, CEO Anirudh Devgan sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $340.00, for a total transaction of $6,800,000.00. Following the completion of the sale, the chief executive officer owned 195,844 shares in the company, valued at $66,586,960. The trade was a 9.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Paul Scannell sold 5,490 shares of the stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $339.43, for a total value of $1,863,470.70. Following the transaction, the vice president owned 20,321 shares in the company, valued at approximately $6,897,557.03. This trade represents a 21.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 56,475 shares of company stock valued at $18,505,486. Company insiders own 1.99% of the company’s stock.

Cadence Design Systems Stock Performance

NASDAQ CDNS opened at $288.33 on Friday. The stock has a market cap of $78.48 billion, a PE ratio of 74.31, a P/E/G ratio of 3.33 and a beta of 1.01. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.84 and a current ratio of 3.05. The firm has a 50-day moving average of $312.43 and a 200-day moving average of $330.64. Cadence Design Systems, Inc. has a 52-week low of $221.56 and a 52-week high of $376.45.

Cadence Design Systems News Summary

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

• Positive Sentiment: Cadence unveiled “ChipStack” — an agentic AI workflow (ChipStack AI Super Agent) that the company says can materially speed chip design and boost EDA competitiveness; media coverage frames this as a potential long-term growth catalyst. Cadence ChipStack AI Super Agent Puts EDA Role In Focus
• Positive Sentiment: Analyst/industry write-ups highlight the ChipStack agent as a productivity multiplier (management claims up to ~10x in some workflows), strengthening Cadence’s positioning in AI-driven chip design tools — a direct revenue/ADP growth angle for investors. Cadence Unveils ChipStack AI Super Agent for Next‑Gen Chips
• Positive Sentiment: Market commentary and roundup pieces have brushed Cadence as a “picks-and-shovels” play for supercharged AI chip demand; some outlets note recent bullish investor sentiment and short‑term share gains earlier in the week. Investors more bullish on Cadence Design Systems (NASDAQ:CDNS)
• Neutral Sentiment: Zacks preview on Q4 (Dec-2025) metrics digs into Wall Street estimates beyond headline revenue/EPS — useful for near-term guidance expectations but not yet a clear catalyst. Unlocking Q4 Potential of Cadence (CDNS)
• Neutral Sentiment: Several short‑interest updates in the feeds flag a “significant increase” but report zero shares / NaN changes and a 0.0 days‑to‑cover figure — the data appears inconsistent and shouldn’t be treated as confirmation of rising bearish bets without cleaner filings.
• Negative Sentiment: Technical and valuation headwinds: the stock sits below its 50‑ and 200‑day moving averages and carries a high P/E and PEG, which can trigger profit‑taking after recent run‑ups and help explain intraday weakness.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Robert W. Baird boosted their price target on Cadence Design Systems from $390.00 to $418.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 28th. Needham & Company LLC restated a “buy” rating and set a $390.00 target price on shares of Cadence Design Systems in a report on Monday, December 22nd. Oppenheimer upgraded shares of Cadence Design Systems from an “underperform” rating to a “market perform” rating and set a $275.00 price target for the company in a research note on Monday, December 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Cadence Design Systems in a research report on Monday, December 29th. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $405.00 target price on shares of Cadence Design Systems in a report on Tuesday, October 28th. Thirteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Cadence Design Systems has a consensus rating of “Moderate Buy” and a consensus price target of $379.59.

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.