Vestmark Advisory Solutions Inc. Purchases 3,673 Shares of Cadence Design Systems, Inc. $CDNS

Vestmark Advisory Solutions Inc. raised its position in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 147.7% in the 3rd quarter, Holdings Channel reports. The firm owned 6,160 shares of the software maker’s stock after buying an additional 3,673 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Cadence Design Systems were worth $2,164,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CDNS. Tiemann Investment Advisors LLC raised its position in shares of Cadence Design Systems by 2.9% in the second quarter. Tiemann Investment Advisors LLC now owns 1,050 shares of the software maker’s stock worth $324,000 after buying an additional 30 shares in the last quarter. Occidental Asset Management LLC increased its stake in Cadence Design Systems by 2.3% in the 3rd quarter. Occidental Asset Management LLC now owns 1,321 shares of the software maker’s stock worth $464,000 after acquiring an additional 30 shares during the last quarter. Whittier Trust Co. boosted its position in shares of Cadence Design Systems by 0.4% during the 3rd quarter. Whittier Trust Co. now owns 7,072 shares of the software maker’s stock valued at $2,456,000 after acquiring an additional 30 shares during the last quarter. Cornerstone Wealth Group LLC grew its holdings in shares of Cadence Design Systems by 4.3% during the third quarter. Cornerstone Wealth Group LLC now owns 777 shares of the software maker’s stock worth $273,000 after purchasing an additional 32 shares in the last quarter. Finally, KRS Capital Management LLC increased its position in shares of Cadence Design Systems by 1.4% in the third quarter. KRS Capital Management LLC now owns 2,425 shares of the software maker’s stock worth $852,000 after purchasing an additional 33 shares during the last quarter. 84.85% of the stock is currently owned by hedge funds and other institutional investors.

Cadence Design Systems Stock Up 3.9%

Shares of NASDAQ:CDNS opened at $290.63 on Wednesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.86 and a quick ratio of 2.67. The company has a market cap of $79.24 billion, a PE ratio of 71.58, a P/E/G ratio of 3.44 and a beta of 1.01. The stock’s 50-day moving average is $306.55 and its 200 day moving average is $326.61. Cadence Design Systems, Inc. has a 1 year low of $221.56 and a 1 year high of $376.45.

Cadence Design Systems (NASDAQ:CDNS) last released its quarterly earnings results on Tuesday, February 17th. The software maker reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.08. Cadence Design Systems had a net margin of 20.93% and a return on equity of 29.34%. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the previous year, the business posted $1.88 earnings per share. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. Cadence Design Systems has set its Q1 2026 guidance at 1.890-1.950 EPS and its FY 2026 guidance at 8.050-8.150 EPS. Sell-side analysts anticipate that Cadence Design Systems, Inc. will post 5.41 EPS for the current year.

Insider Buying and Selling

In other Cadence Design Systems news, VP Paul Scannell sold 5,490 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $339.43, for a total value of $1,863,470.70. Following the completion of the transaction, the vice president owned 20,321 shares in the company, valued at approximately $6,897,557.03. This represents a 21.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Anirudh Devgan sold 20,000 shares of the company’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $340.00, for a total transaction of $6,800,000.00. Following the completion of the sale, the chief executive officer directly owned 195,844 shares in the company, valued at $66,586,960. This represents a 9.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 56,475 shares of company stock valued at $18,505,486 over the last 90 days. 0.37% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CDNS. Wells Fargo & Company dropped their target price on shares of Cadence Design Systems from $410.00 to $375.00 and set an “overweight” rating for the company in a research report on Wednesday, February 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cadence Design Systems in a research report on Monday, December 29th. KeyCorp restated an “overweight” rating and set a $405.00 price target on shares of Cadence Design Systems in a research report on Tuesday, October 28th. Citigroup assumed coverage on Cadence Design Systems in a research note on Monday, November 24th. They set a “buy” rating and a $385.00 price target for the company. Finally, JPMorgan Chase & Co. raised their price objective on Cadence Design Systems from $390.00 to $405.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. Fifteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $376.50.

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.