Maridea Wealth Management LLC Takes Position in Cadence Design Systems, Inc. $CDNS

Maridea Wealth Management LLC acquired a new stake in Cadence Design Systems, Inc. (NASDAQ:CDNS) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 8,147 shares of the software maker’s stock, valued at approximately $3,058,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. MUFG Securities EMEA plc lifted its position in shares of Cadence Design Systems by 113.9% during the 4th quarter. MUFG Securities EMEA plc now owns 11,159 shares of the software maker’s stock worth $3,488,000 after buying an additional 5,943 shares during the last quarter. Sun Financial Inc bought a new position in Cadence Design Systems in the fourth quarter valued at about $1,225,000. Leonteq Securities AG bought a new position in Cadence Design Systems in the fourth quarter valued at about $1,105,000. PNC Financial Services Group Inc. raised its stake in Cadence Design Systems by 1.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 369,717 shares of the software maker’s stock worth $115,566,000 after acquiring an additional 3,562 shares in the last quarter. Finally, Indivisible Partners acquired a new position in Cadence Design Systems during the fourth quarter worth about $4,795,000. Institutional investors own 84.85% of the company’s stock.

Insider Activity

In other news, Director James D. Plummer sold 1,511 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $381.34, for a total transaction of $576,204.74. Following the completion of the transaction, the director directly owned 23,264 shares in the company, valued at $8,871,493.76. This trade represents a 6.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paul Cunningham sold 2,000 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $391.00, for a total value of $782,000.00. Following the sale, the vice president owned 126,586 shares of the company’s stock, valued at approximately $49,495,126. The trade was a 1.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 140,557 shares of company stock valued at $54,631,737. 0.49% of the stock is currently owned by company insiders.

Cadence Design Systems Stock Performance

Shares of CDNS stock opened at $324.82 on Friday. The business’s 50-day moving average price is $360.72 and its 200-day moving average price is $331.06. Cadence Design Systems, Inc. has a 12 month low of $262.75 and a 12 month high of $416.69. The firm has a market capitalization of $89.45 billion, a price-to-earnings ratio of 64.58, a PEG ratio of 3.49 and a beta of 1.15. The company has a current ratio of 1.74, a quick ratio of 1.53 and a debt-to-equity ratio of 0.36.

Cadence Design Systems (NASDAQ:CDNS) last released its quarterly earnings results on Monday, July 27th. The software maker reported $2.11 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.06. Cadence Design Systems had a return on equity of 27.98% and a net margin of 23.60%.The company had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the previous year, the business posted $1.65 earnings per share. The business’s quarterly revenue was up 24.2% compared to the same quarter last year. Cadence Design Systems has set its FY 2026 guidance at 8.050-8.150 EPS and its Q3 2026 guidance at 2.010-2.070 EPS. Equities research analysts forecast that Cadence Design Systems, Inc. will post 6.4 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Citigroup raised their price target on shares of Cadence Design Systems from $400.00 to $420.00 and gave the company a “buy” rating in a research note on Tuesday, July 28th. Piper Sandler upped their price objective on shares of Cadence Design Systems from $325.00 to $349.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 28th. Oppenheimer reissued a “market perform” rating and issued a $300.00 price objective on shares of Cadence Design Systems in a research note on Tuesday, July 28th. Wells Fargo & Company raised their target price on shares of Cadence Design Systems from $400.00 to $425.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Finally, Benchmark reaffirmed a “buy” rating on shares of Cadence Design Systems in a research note on Tuesday, July 28th. Thirteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $405.69.

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.