M&T Bank Corp Buys 1,559 Shares of Cadence Design Systems, Inc. $CDNS

M&T Bank Corp raised its stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 5.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,237 shares of the software maker’s stock after purchasing an additional 1,559 shares during the period. M&T Bank Corp’s holdings in Cadence Design Systems were worth $9,451,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Comprehensive Financial Consultants Institutional Inc. boosted its holdings in shares of Cadence Design Systems by 5.1% during the 4th quarter. Comprehensive Financial Consultants Institutional Inc. now owns 7,785 shares of the software maker’s stock valued at $2,433,000 after purchasing an additional 379 shares during the last quarter. Comerica Bank boosted its holdings in shares of Cadence Design Systems by 3.2% during the 4th quarter. Comerica Bank now owns 59,827 shares of the software maker’s stock valued at $18,701,000 after purchasing an additional 1,871 shares during the last quarter. Eagle Wealth Advisors LLC bought a new position in shares of Cadence Design Systems during the 4th quarter valued at about $339,000. Eads & Heald Wealth Management bought a new position in shares of Cadence Design Systems during the 4th quarter valued at about $440,000. Finally, Anchyra Partners LLC bought a new position in Cadence Design Systems during the fourth quarter valued at $1,882,000. Institutional investors own 84.85% of the company’s stock.

Insider Activity

In other Cadence Design Systems news, Director Ita M. Brennan sold 180 shares of the firm’s 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 completion of the sale, the director owned 7,470 shares of the company’s stock, valued at $2,203,874.10. This trade represents a 2.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Paul Cunningham sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $337.49, for a total value of $337,490.00. Following the sale, the vice president directly owned 127,586 shares of the company’s stock, valued at $43,058,999.14. This represents a 0.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 35,180 shares of company stock worth $11,181,240 in the last ninety days. 0.49% of the stock is currently owned by company insiders.

Cadence Design Systems Stock Up 1.2%

Shares of CDNS opened at $353.63 on Wednesday. The company has a market cap of $97.63 billion, a PE ratio of 82.43, a P/E/G ratio of 4.14 and a beta of 1.13. The business has a fifty day moving average of $297.62 and a 200 day moving average of $309.26. Cadence Design Systems, Inc. has a 52-week low of $262.75 and a 52-week high of $376.45. The company has a quick ratio of 1.32, a current ratio of 1.47 and a debt-to-equity ratio of 0.38.

Cadence Design Systems (NASDAQ:CDNS) last issued its quarterly earnings results on Monday, April 27th. The software maker reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.05. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.46 billion. Cadence Design Systems had a return on equity of 28.44% and a net margin of 21.18%.Cadence Design Systems’s revenue was up 18.6% on a year-over-year basis. During the same period last year, the company earned $1.57 earnings per share. 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. On average, sell-side analysts expect that Cadence Design Systems, Inc. will post 6.22 EPS for the current year.

Analyst Upgrades and Downgrades

CDNS has been the subject of several research reports. KeyCorp increased their price objective 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, April 28th. Rosenblatt Securities reiterated a “buy” rating and set a $360.00 price objective on shares of Cadence Design Systems in a research report on Friday, April 24th. Piper Sandler increased their price objective on shares of Cadence Design Systems from $319.00 to $325.00 and gave the company a “neutral” rating in a research report on Tuesday, April 28th. Needham & Company LLC reiterated a “buy” rating and set a $400.00 price objective on shares of Cadence Design Systems in a research report on Tuesday, April 28th. Finally, Stifel Nicolaus set a $395.00 price objective on shares of Cadence Design Systems in a research report on Wednesday, February 18th. Fourteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $380.59.

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.