Cadence Design Systems, Inc. $CDNS Stock Holdings Lowered by Van ECK Associates Corp

Van ECK Associates Corp trimmed its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 10.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,157,526 shares of the software maker’s stock after selling 352,548 shares during the quarter. Cadence Design Systems makes up 1.0% of Van ECK Associates Corp’s holdings, making the stock its 24th largest holding. Van ECK Associates Corp owned about 1.16% of Cadence Design Systems worth $1,109,113,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the company. Y.D. More Investments Ltd purchased a new stake in Cadence Design Systems in the 3rd quarter worth about $26,000. Caitlin John LLC acquired a new stake in shares of Cadence Design Systems during the 3rd quarter valued at about $29,000. Robbins Farley acquired a new stake in Cadence Design Systems in the third quarter valued at approximately $35,000. Cloud Capital Management LLC acquired a new stake in shares of Cadence Design Systems in the 3rd quarter valued at $35,000. Finally, Strategic Wealth Investment Group LLC bought a new position in Cadence Design Systems during the second quarter valued at about $32,000. 84.85% of the stock is owned by hedge funds and other institutional investors.

Cadence Design Systems Stock Performance

NASDAQ:CDNS opened at $298.05 on Tuesday. The stock has a market capitalization of $81.26 billion, a P/E ratio of 73.41, a price-to-earnings-growth ratio of 3.56 and a beta of 1.00. Cadence Design Systems, Inc. has a 1 year low of $221.56 and a 1 year high of $376.45. The firm has a 50 day moving average of $303.67 and a 200-day moving average of $323.50. The company has a current ratio of 2.86, a quick ratio of 2.67 and a debt-to-equity ratio of 0.45.

Cadence Design Systems (NASDAQ:CDNS) last announced its earnings results on Tuesday, February 17th. The software maker reported $1.99 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.08. Cadence Design Systems had a return on equity of 29.34% and a net margin of 20.93%.The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period last year, the company posted $1.88 earnings per share. The firm’s quarterly revenue 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. As a group, sell-side analysts anticipate that Cadence Design Systems, Inc. will post 5.41 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on CDNS shares. Rosenblatt Securities reiterated a “buy” rating and issued a $360.00 target price on shares of Cadence Design Systems in a research note on Thursday, February 26th. Piper Sandler cut their target price on shares of Cadence Design Systems from $355.00 to $319.00 and set a “neutral” rating for the company in a research note on Wednesday, February 18th. Citigroup started coverage on shares of Cadence Design Systems in a research report on Monday, November 24th. They set a “buy” rating and a $385.00 price objective for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Cadence Design Systems in a report on Monday, December 29th. Finally, Wells Fargo & Company lowered their price target on shares of Cadence Design Systems from $410.00 to $375.00 and set an “overweight” rating on the stock in a report on Wednesday, February 18th. Fifteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $376.50.

Insider Transactions at Cadence Design Systems

In other Cadence Design Systems news, Director Ita M. Brennan sold 180 shares of Cadence Design Systems stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $337.48, for a total transaction of $60,746.40. Following the completion of the sale, the director owned 7,650 shares of the company’s stock, valued at approximately $2,581,722. The trade was a 2.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Paul Cunningham sold 1,000 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $297.78, for a total value of $297,780.00. Following the completion of the transaction, the vice president owned 94,137 shares in the company, valued at $28,032,115.86. This represents a 1.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 36,480 shares of company stock worth $11,692,189 in the last quarter. 0.37% of the stock is owned by corporate insiders.

Cadence Design Systems 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.