Van ECK Associates Corp Sells 352,548 Shares of Cadence Design Systems, Inc. $CDNS

Van ECK Associates Corp reduced its stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 10.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,157,526 shares of the software maker’s stock after selling 352,548 shares during the period. Cadence Design Systems makes up approximately 1.0% of Van ECK Associates Corp’s holdings, making the stock its 24th biggest holding. Van ECK Associates Corp’s holdings in Cadence Design Systems were worth $1,109,113,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd acquired a new position in shares of Cadence Design Systems during the third quarter worth about $26,000. Caitlin John LLC acquired a new position in shares of Cadence Design Systems during the 3rd quarter worth about $29,000. Strategic Wealth Investment Group LLC acquired a new position in shares of Cadence Design Systems during the 2nd quarter worth approximately $32,000. Promus Capital LLC bought a new position in shares of Cadence Design Systems in the second quarter valued at $33,000. Finally, Robbins Farley bought a new stake in Cadence Design Systems during the third quarter worth $35,000. Institutional investors own 84.85% of the company’s stock.

Insiders Place Their Bets

In related news, 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 directly owned 94,137 shares of the company’s stock, valued at $28,032,115.86. This trade represents a 1.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Paul Scannell sold 5,490 shares of Cadence Design Systems stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $339.43, for a total value of $1,863,470.70. Following the completion of the transaction, the vice president owned 20,321 shares in the company, valued at approximately $6,897,557.03. This represents a 21.27% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 36,480 shares of company stock worth $11,692,189. 0.37% of the stock is owned by company insiders.

Cadence Design Systems Price Performance

CDNS stock opened at $298.05 on Tuesday. The company’s 50-day moving average price is $303.67 and its two-hundred day moving average price is $323.50. Cadence Design Systems, Inc. has a 12 month low of $221.56 and a 12 month high of $376.45. The company has a quick ratio of 2.67, a current ratio of 2.86 and a debt-to-equity ratio of 0.45. The firm has a market cap of $81.26 billion, a P/E ratio of 73.41, a P/E/G ratio of 3.56 and a beta of 1.00.

Cadence Design Systems (NASDAQ:CDNS) last announced its quarterly earnings data on Tuesday, February 17th. The software maker reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same period last year, the firm posted $1.88 earnings per share. The firm’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. On average, analysts anticipate that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on CDNS. Weiss Ratings restated a “hold (c)” rating on shares of Cadence Design Systems in a research note on Monday, December 29th. Oppenheimer raised shares of Cadence Design Systems from an “underperform” rating to a “market perform” rating and set a $275.00 price target on the stock in a report on Monday, December 1st. Stifel Nicolaus set a $395.00 price objective on Cadence Design Systems in a report on Wednesday, February 18th. Wells Fargo & Company lowered their target price on Cadence Design Systems from $410.00 to $375.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 18th. Finally, Morgan Stanley dropped their price objective on shares of Cadence Design Systems from $385.00 to $370.00 and set an “overweight” rating for the company in a research note on Wednesday, February 18th. Fifteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cadence Design Systems currently has an average rating of “Moderate Buy” and a consensus target price of $376.50.

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.