19,738 Shares in Cadence Design Systems, Inc. $CDNS Purchased by North Star Asset Management Inc.

North Star Asset Management Inc. acquired a new position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 19,738 shares of the software maker’s stock, valued at approximately $7,408,000.

Other large investors have also modified their holdings of the company. Whipplewood Advisors LLC boosted its position in Cadence Design Systems by 933.3% during the 1st quarter. Whipplewood Advisors LLC now owns 93 shares of the software maker’s stock valued at $26,000 after acquiring an additional 84 shares in the last quarter. Brown Lisle Cummings Inc. raised its position in shares of Cadence Design Systems by 860.0% in the 1st quarter. Brown Lisle Cummings Inc. now owns 96 shares of the software maker’s stock worth $27,000 after acquiring an additional 86 shares in the last quarter. University of Texas Texas AM Investment Management Co. bought a new position in shares of Cadence Design Systems in the 4th quarter worth $28,000. Swiss RE Ltd. purchased a new stake in shares of Cadence Design Systems during the 4th quarter worth $29,000. Finally, Avalon Trust Co bought a new stake in Cadence Design Systems during the second quarter valued at about $30,000. Institutional investors own 84.85% of the company’s stock.

Cadence Design Systems Stock Performance

NASDAQ:CDNS opened at $347.55 on Friday. The company has a market cap of $95.71 billion, a P/E ratio of 69.10, a P/E/G ratio of 3.59 and a beta of 1.15. The company’s 50-day moving average price is $349.11 and its 200-day moving average price is $333.21. Cadence Design Systems, Inc. has a twelve month low of $262.75 and a twelve month high of $416.69. 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 announced its quarterly earnings results on Monday, July 27th. The software maker reported $2.11 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.06. The firm had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Cadence Design Systems had a net margin of 23.60% and a return on equity of 27.98%. The company’s revenue was up 24.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.65 EPS. 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. On average, sell-side analysts forecast that Cadence Design Systems, Inc. will post 6.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on CDNS shares. Rosenblatt Securities raised their price objective on Cadence Design Systems from $410.00 to $420.00 and gave the stock a “buy” rating in a research report 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 company a “neutral” rating in a report on Tuesday, July 28th. Bank of America increased their price objective on shares of Cadence Design Systems from $400.00 to $420.00 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. Morgan Stanley reissued an “overweight” rating and set a $400.00 target price on shares of Cadence Design Systems in a report on Wednesday, July 29th. Finally, Weiss Ratings raised Cadence Design Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 30th. 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, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $405.69.

Insider Buying and Selling

In other news, Director Vincentelli Albert Sangiovanni sold 1,250 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $320.88, for a total value of $401,100.00. Following the completion of the transaction, the director owned 40,794 shares of the company’s stock, valued at approximately $13,089,978.72. This trade represents a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James D. Plummer sold 1,511 shares of Cadence Design Systems stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $381.34, for a total value of $576,204.74. Following the completion of the transaction, the director owned 23,264 shares of the company’s stock, valued at approximately $8,871,493.76. This trade represents a 6.10% 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 have sold 91,129 shares of company stock valued at $36,206,647 over the last quarter. 0.49% of the stock is owned by corporate insiders.

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.