Thompson Siegel & Walmsley LLC Has $6.72 Million Stake in Cadence Design Systems, Inc. $CDNS

Thompson Siegel & Walmsley LLC increased its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 10.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,494 shares of the software maker’s stock after acquiring an additional 1,989 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Cadence Design Systems were worth $6,719,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Peterson Wealth Services grew its position in Cadence Design Systems by 1,501.3% in the 3rd quarter. Peterson Wealth Services now owns 187,115 shares of the software maker’s stock valued at $65,726,000 after purchasing an additional 175,430 shares during the period. Sun Financial Inc acquired a new position in Cadence Design Systems during the fourth quarter worth $1,225,000. Thrivent Financial for Lutherans lifted its stake in shares of Cadence Design Systems by 301.9% in the third quarter. Thrivent Financial for Lutherans now owns 49,999 shares of the software maker’s stock valued at $17,563,000 after buying an additional 37,558 shares in the last quarter. DDD Partners LLC lifted its stake in shares of Cadence Design Systems by 27.4% in the fourth quarter. DDD Partners LLC now owns 41,968 shares of the software maker’s stock valued at $13,118,000 after buying an additional 9,024 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in shares of Cadence Design Systems by 28.4% in the 3rd quarter. Jones Financial Companies Lllp now owns 8,044 shares of the software maker’s stock worth $2,816,000 after acquiring an additional 1,779 shares during the last quarter. 84.85% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CDNS has been the topic of several analyst reports. Piper Sandler lifted their target price on 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 reaffirmed a “buy” rating and set a $400.00 price objective on shares of Cadence Design Systems in a report on Tuesday, April 28th. Rosenblatt Securities restated a “buy” rating and set a $360.00 price target on shares of Cadence Design Systems in a report on Friday, April 24th. Robert W. Baird boosted 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. Finally, Stifel Nicolaus set a $395.00 target price on Cadence Design Systems in a report on Wednesday, February 18th. Fourteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Cadence Design Systems currently has a consensus rating of “Moderate Buy” and an average target price of $384.41.

Insider Activity

In related news, Director Ita M. Brennan sold 180 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $295.03, for a total value of $53,105.40. Following the sale, the director directly 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 SEC, which is available through the SEC website. Also, VP Paul Cunningham sold 1,000 shares of Cadence Design Systems stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $337.49, for a total transaction of $337,490.00. Following the sale, the vice president owned 127,586 shares of the company’s stock, valued at approximately $43,058,999.14. The trade was a 0.78% 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. In the last quarter, insiders have sold 92,138 shares of company stock worth $32,194,760. Company insiders own 0.49% of the company’s stock.

Cadence Design Systems Trading Up 10.5%

NASDAQ:CDNS opened at $414.16 on Tuesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.47 and a quick ratio of 1.32. Cadence Design Systems, Inc. has a 1 year low of $262.75 and a 1 year high of $414.92. The company has a market cap of $114.23 billion, a P/E ratio of 96.54, a P/E/G ratio of 4.44 and a beta of 1.15. The stock’s fifty day moving average price is $323.76 and its two-hundred day moving average price is $313.36.

Cadence Design Systems (NASDAQ:CDNS) last announced its quarterly earnings results on Monday, April 27th. The software maker reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.05. Cadence Design Systems had a return on equity of 28.44% and a net margin of 21.18%.The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same period in the prior year, the business posted $1.57 earnings per share. The company’s revenue was up 18.6% on a year-over-year basis. 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. As a group, analysts expect that Cadence Design Systems, Inc. will post 6.23 EPS for the current year.

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.