Cadence Design Systems, Inc. $CDNS Shares Sold by SVB Wealth LLC

SVB Wealth LLC lowered its position in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 84.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 677 shares of the software maker’s stock after selling 3,631 shares during the quarter. SVB Wealth LLC’s holdings in Cadence Design Systems were worth $254,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. George Kaiser Family Foundation purchased a new position in shares of Cadence Design Systems during the second quarter worth about $725,000. MUFG Securities EMEA plc raised its stake in 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 valued at $3,488,000 after acquiring an additional 5,943 shares during the last quarter. Leonteq Securities AG purchased a new stake in Cadence Design Systems during the 4th quarter valued at approximately $1,105,000. PNC Financial Services Group Inc. lifted its position in Cadence Design Systems by 1.0% during the 4th 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 during the period. Finally, Vega Investment Solutions acquired a new stake in Cadence Design Systems during the 2nd quarter worth approximately $1,957,000. 84.85% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Cadence Design Systems

In other news, Director Albert Sangiovanni-Vincentelli sold 1,250 shares of the company’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $320.88, for a total transaction of $401,100.00. Following the transaction, the director directly owned 40,794 shares of the company’s stock, valued at $13,089,978.72. This represents a 2.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available 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 stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $339.00, for a total transaction of $94,920.00. Following the completion of the transaction, the vice president owned 31,720 shares of the company’s stock, valued at $10,753,080. This represents a 0.88% decrease in their position. 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. Over the last quarter, insiders sold 5,530 shares of company stock valued at $1,924,660. 0.49% of the stock is owned by company insiders.

Cadence Design Systems Stock Performance

NASDAQ CDNS opened at $284.95 on Friday. The company has a current ratio of 1.74, a quick ratio of 1.53 and a debt-to-equity ratio of 0.36. The business’s 50 day moving average is $334.52 and its two-hundred day moving average is $333.81. Cadence Design Systems, Inc. has a 12-month low of $262.75 and a 12-month high of $416.69. The stock has a market capitalization of $78.47 billion, a price-to-earnings ratio of 56.65, a PEG ratio of 3.05 and a beta of 1.14.

Cadence Design Systems (NASDAQ:CDNS) last posted its quarterly earnings results on Monday, July 27th. The software maker reported $2.11 EPS for the quarter, beating 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 business had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period last year, the firm earned $1.65 EPS. The company’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. Research analysts expect that Cadence Design Systems, Inc. will post 6.4 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CDNS. Stifel Nicolaus boosted their target price on Cadence Design Systems from $395.00 to $432.00 and gave the company a “buy” rating in a report on Tuesday, June 9th. Oppenheimer reaffirmed a “market perform” rating and set a $300.00 price target on shares of Cadence Design Systems in a report on Tuesday, July 28th. Bank of America lifted their price objective on shares of Cadence Design Systems from $400.00 to $420.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. Piper Sandler boosted their price objective on shares of Cadence Design Systems from $325.00 to $349.00 and gave the company a “neutral” rating in a research note on Tuesday, July 28th. Finally, Robert W. Baird upped their price objective on shares of Cadence Design Systems from $415.00 to $420.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 28th. Thirteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $405.69.

Cadence Design Systems Profile

Cadence Design Systems, Inc is a technology company that develops electronic design automation (EDA) software, hardware and semiconductor intellectual property (IP). Its products help engineers design, verify and analyze integrated circuits, printed circuit boards and complete electronic systems.

The company offers solutions spanning digital and custom IC design, functional verification, digital and analog simulation, emulation and prototyping, system analysis, and 3D computational fluid dynamics.