Ethic Inc. Buys 3,966 Shares of Cadence Design Systems, Inc. $CDNS

Ethic Inc. grew its stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 14.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 31,244 shares of the software maker’s stock after purchasing an additional 3,966 shares during the quarter. Ethic Inc.’s holdings in Cadence Design Systems were worth $9,766,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CDNS. Y.D. More Investments Ltd bought a new position in shares of Cadence Design Systems during the third quarter valued at about $26,000. Caitlin John LLC bought a new position in shares of Cadence Design Systems during the third quarter valued at about $29,000. Lodestone Wealth Management LLC bought a new position in shares of Cadence Design Systems during the fourth quarter valued at about $30,000. Imprint Wealth LLC bought a new position in shares of Cadence Design Systems during the third quarter valued at about $31,000. Finally, Strategic Wealth Investment Group LLC bought a new position in shares of Cadence Design Systems during the second quarter valued at about $32,000. 84.85% of the stock is owned by institutional investors.

Cadence Design Systems Stock Up 1.6%

NASDAQ CDNS opened at $362.70 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.47 and a quick ratio of 1.32. The stock has a market capitalization of $100.04 billion, a PE ratio of 84.55, a PEG ratio of 4.30 and a beta of 1.13. Cadence Design Systems, Inc. has a 1 year low of $262.75 and a 1 year high of $376.45. The business’s 50-day moving average is $300.45 and its 200 day moving average is $309.70.

Cadence Design Systems (NASDAQ:CDNS) last posted its earnings results on Monday, April 27th. The software maker reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.05. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 18.6% on a year-over-year basis. During the same period last year, the firm 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. Sell-side analysts forecast that Cadence Design Systems, Inc. will post 6.23 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Citigroup raised their price objective on Cadence Design Systems from $385.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Piper Sandler raised their price objective on Cadence Design Systems from $319.00 to $325.00 and gave the company a “neutral” rating in a research note on Tuesday, April 28th. Robert W. Baird raised their price objective on Cadence Design Systems from $381.00 to $385.00 and gave the company an “outperform” rating in a research note on Tuesday, April 28th. Rosenblatt Securities reaffirmed a “buy” rating and set a $360.00 price objective on shares of Cadence Design Systems in a research note on Friday, April 24th. Finally, Stifel Nicolaus set a $395.00 price objective on Cadence Design Systems in a research note on Wednesday, February 18th. Fourteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Cadence Design Systems presently has an average rating of “Moderate Buy” and a consensus target price of $380.59.

Insiders Place Their Bets

In related news, CFO John M. Wall sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $348.71, for a total value of $1,743,550.00. Following the sale, the chief financial officer directly owned 81,875 shares of the company’s stock, valued at $28,550,631.25. This trade represents a 5.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paul Scannell sold 10,500 shares of Cadence Design Systems stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $339.00, for a total value of $3,559,500.00. Following the sale, the vice president directly owned 33,946 shares in the company, valued at approximately $11,507,694. The trade was a 23.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 40,180 shares of company stock valued at $12,924,790 over the last three months. Company insiders own 0.49% of the company’s stock.

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.