OMERS ADMINISTRATION Corp Increases Stock Holdings in Cadence Design Systems, Inc. $CDNS

OMERS ADMINISTRATION Corp boosted its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 28.7% in the first quarter, HoldingsChannel reports. The institutional investor owned 12,595 shares of the software maker’s stock after buying an additional 2,806 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Cadence Design Systems were worth $3,500,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Brighton Jones LLC raised its holdings in shares of Cadence Design Systems by 80.2% in the fourth quarter. Brighton Jones LLC now owns 1,519 shares of the software maker’s stock valued at $456,000 after purchasing an additional 676 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in Cadence Design Systems by 3.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,203 shares of the software maker’s stock worth $560,000 after purchasing an additional 80 shares in the last quarter. Thompson Davis & CO. Inc. bought a new stake in Cadence Design Systems in the 2nd quarter worth about $205,000. NewEdge Advisors LLC increased its stake in Cadence Design Systems by 39.3% in the 2nd quarter. NewEdge Advisors LLC now owns 34,787 shares of the software maker’s stock valued at $10,720,000 after buying an additional 9,807 shares during the last quarter. Finally, Glenview Trust co bought a new position in shares of Cadence Design Systems during the 2nd quarter worth approximately $226,000. 84.85% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Cadence Design Systems

In other Cadence Design Systems news, VP Paul Cunningham sold 2,000 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $391.00, for a total value of $782,000.00. Following the sale, the vice president directly owned 126,586 shares in the company, valued at $49,495,126. The trade was a 1.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO John M. Wall sold 5,000 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $348.71, for a total value of $1,743,550.00. Following the transaction, the chief financial officer directly owned 81,875 shares in the company, valued at $28,550,631.25. This represents a 5.76% 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 157,057 shares of company stock valued at $60,272,277 in the last quarter. Insiders own 0.49% of the company’s stock.

Cadence Design Systems News Summary

Here are the key news stories impacting Cadence Design Systems this week:

• Positive Sentiment: Cadence reported second-quarter adjusted earnings of $2.11 per share, exceeding the $2.05 consensus estimate and rising from $1.65 a year earlier. Revenue was $1.58 billion, in line with expectations. Cadence Design Systems Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: The company raised its full-year 2026 outlook, projecting earnings of $8.05-$8.15 per share and revenue of approximately $6.3 billion. The higher forecast indicates management expects continued strength in AI and high-performance computing-related demand. Cadence Raises Annual Forecasts as Demand Booms for AI Chip Design
• Positive Sentiment: Third-quarter 2026 EPS guidance of $2.01-$2.07 was above the reported consensus estimate of $1.84, reinforcing expectations for near-term earnings momentum. Cadence Design Systems Beats Q2 Estimates and Raises 2026 Outlook
• Neutral Sentiment: Cadence’s operating metrics remain solid, including a 28.44% return on equity and 21.18% net margin. The shares remain well above their 52-week low but below the 52-week high, suggesting investors are weighing strong growth against elevated expectations.
• Negative Sentiment: At roughly 79 times earnings and a PEG ratio near 3.9, CDNS trades at a demanding valuation. Any slowdown in AI-related spending or failure to exceed the upgraded forecasts could increase downside risk.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Berenberg Bank set a $440.00 target price on Cadence Design Systems in a research note on Wednesday, May 27th. Rosenblatt Securities increased their price target on Cadence Design Systems from $375.00 to $410.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Needham & Company LLC reiterated a “buy” rating and set a $400.00 price target on shares of Cadence Design Systems in a report on Tuesday, April 28th. Robert W. Baird boosted their price objective on Cadence Design Systems from $381.00 to $385.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 28th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Cadence Design Systems in a research note on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $393.65.

Cadence Design Systems Stock Up 3.8%

CDNS opened at $338.61 on Tuesday. Cadence Design Systems, Inc. has a twelve month low of $262.75 and a twelve month high of $416.69. The company’s 50-day moving average price is $373.77 and its two-hundred day moving average price is $329.63. The stock has a market cap of $93.40 billion, a price-to-earnings ratio of 78.93, a PEG ratio of 3.86 and a beta of 1.15. The company has a quick ratio of 1.32, a current ratio of 1.47 and a debt-to-equity ratio of 0.38.

Cadence Design Systems (NASDAQ:CDNS) last issued its quarterly earnings results on Monday, July 27th. The software maker reported $2.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.06. The company had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.58 billion. Cadence Design Systems had a net margin of 21.18% and a return on equity of 28.44%. Cadence Design Systems’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same quarter last year, the business 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. As a group, equities analysts expect that Cadence Design Systems, Inc. will post 6.23 earnings per share for the current year.

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.