9,476 Shares in Cadence Design Systems, Inc. $CDNS Purchased by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC bought a new position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 9,476 shares of the software maker’s stock, valued at approximately $2,962,000.

Other hedge funds have also recently bought and sold shares of the company. Y.D. More Investments Ltd acquired a new position in Cadence Design Systems during the 3rd quarter worth about $26,000. Caitlin John LLC acquired a new position in Cadence Design Systems during the 3rd quarter worth about $29,000. Lodestone Wealth Management LLC acquired a new position in Cadence Design Systems during the 4th quarter worth about $30,000. Imprint Wealth LLC acquired a new position in Cadence Design Systems during the 3rd quarter worth about $31,000. Finally, Strategic Wealth Investment Group LLC acquired a new position in Cadence Design Systems during the 2nd quarter worth about $32,000. Institutional investors and hedge funds own 84.85% of the company’s stock.

Insiders Place Their Bets

In other news, CFO John M. Wall sold 21,500 shares of the stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $309.45, for a total value of $6,653,175.00. Following the transaction, the chief financial officer owned 86,875 shares in the company, valued at approximately $26,883,468.75. This represents a 19.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ita M. Brennan sold 180 shares of the 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 transaction, the director owned 7,470 shares in the company, valued at approximately $2,203,874.10. The trade was a 2.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 41,251 shares of company stock worth $13,294,350. Insiders own 0.49% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CDNS shares. Citigroup increased their target price on Cadence Design Systems from $385.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Stifel Nicolaus set a $395.00 target price on Cadence Design Systems in a research note on Wednesday, February 18th. Robert W. Baird increased their target price on Cadence Design Systems from $381.00 to $385.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 28th. Morgan Stanley reduced their price target on Cadence Design Systems from $385.00 to $370.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 18th. Finally, Wells Fargo & Company increased their price target on Cadence Design Systems from $400.00 to $425.00 and gave the company an “overweight” rating in a research report on Tuesday. Fourteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $382.06.

Cadence Design Systems Price Performance

CDNS stock opened at $381.75 on Wednesday. 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 firm has a market capitalization of $105.29 billion, a P/E ratio of 88.99, a P/E/G ratio of 4.42 and a beta of 1.13. The business’s 50-day moving average is $316.29 and its two-hundred day moving average is $311.67. Cadence Design Systems, Inc. has a 1 year low of $262.75 and a 1 year high of $383.24.

Cadence Design Systems (NASDAQ:CDNS) last posted its quarterly earnings results on Monday, April 27th. The software maker reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.05. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates 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 for the quarter was up 18.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.57 EPS. 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. Analysts anticipate that Cadence Design Systems, Inc. will post 6.23 earnings per share for the current fiscal year.

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.