Cadence Design Systems, Inc. $CDNS Shares Sold by James Investment Research Inc.

James Investment Research Inc. lessened its holdings in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 16.3% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,874 shares of the software maker’s stock after selling 2,513 shares during the period. James Investment Research Inc.’s holdings in Cadence Design Systems were worth $4,251,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Yousif Capital Management LLC lifted its position in Cadence Design Systems by 0.5% during the third quarter. Yousif Capital Management LLC now owns 26,272 shares of the software maker’s stock valued at $8,675,000 after purchasing an additional 121 shares during the last quarter. Andrew Hill Investment Advisors Inc. bought a new position in shares of Cadence Design Systems in the 3rd quarter worth $2,639,000. Boomfish Wealth Group LLC increased its holdings in shares of Cadence Design Systems by 5.6% in the 3rd quarter. Boomfish Wealth Group LLC now owns 2,024 shares of the software maker’s stock worth $668,000 after buying an additional 107 shares during the last quarter. MBL Wealth LLC purchased a new stake in shares of Cadence Design Systems during the 3rd quarter valued at $452,000. Finally, Brookstone Capital Management raised its position in shares of Cadence Design Systems by 14.6% during the 3rd quarter. Brookstone Capital Management now owns 2,445 shares of the software maker’s stock valued at $807,000 after buying an additional 312 shares in the last quarter. Institutional investors own 84.85% of the company’s stock.

Insider Buying and Selling

In other news, Director Ita Brennan sold 180 shares of Cadence Design Systems stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $285.51, for a total value of $51,391.80. Following the transaction, the director owned 7,824 shares in the company, valued at approximately $2,233,830.24. The trade was a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paul Scannell sold 280 shares of the business’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $339.00, for a total value of $94,920.00. Following the completion of the sale, the vice president directly owned 31,720 shares of the company’s stock, valued at approximately $10,753,080. This trade represents a 0.88% decrease in their position. 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 sold a total of 8,960 shares of company stock valued at $2,834,139 over the last three months. 0.49% of the stock is owned by corporate insiders.

Cadence Design Systems Price Performance

CDNS stock opened at $316.49 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.53 and a current ratio of 1.74. Cadence Design Systems, Inc. has a 52 week low of $262.75 and a 52 week high of $416.69. The firm’s fifty day moving average is $318.19 and its 200 day moving average is $340.32. The firm has a market cap of $87.16 billion, a P/E ratio of 62.92, a P/E/G ratio of 3.31 and a beta of 1.13.

Cadence Design Systems (NASDAQ:CDNS) last issued its earnings results on Monday, July 27th. The software maker reported $2.11 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.06. The company 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 firm’s revenue was up 24.2% compared to the same quarter last year. During the same quarter last year, the company earned $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. Research analysts predict that Cadence Design Systems, Inc. will post 6.42 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on CDNS shares. Rosenblatt Securities reiterated a “buy” rating and issued a $420.00 target price on shares of Cadence Design Systems in a research report on Friday. Bank of America raised their price target on Cadence Design Systems from $400.00 to $420.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. Morgan Stanley reaffirmed an “overweight” rating and set a $400.00 price target (up from $370.00) on shares of Cadence Design Systems in a research note on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $420.00 price objective (up from $400.00) on shares of Cadence Design Systems in a report on Wednesday, October 7th. Finally, FBN Securities initiated coverage on Cadence Design Systems in a research report on Friday, September 11th. They set an “outperform” rating and a $375.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $404.14.

About Cadence Design Systems

Cadence Design Systems, Inc develops computational software, hardware, and semiconductor intellectual property used to design and verify electronic systems and integrated circuits. Its electronic design automation (EDA) solutions support chip development across areas such as digital and custom IC design, functional verification, emulation, prototyping, and system analysis.

The company also provides semiconductor IP, including processor cores, interconnect technologies, memory interfaces, and other building blocks that help customers develop complex chips.