Cadence Design Systems, Inc. $CDNS Shares Bought by Groupama Asset Managment

Groupama Asset Managment grew its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 5.1% during the 1st quarter, Holdings Channel reports. The fund owned 67,891 shares of the software maker’s stock after acquiring an additional 3,286 shares during the period. Groupama Asset Managment’s holdings in Cadence Design Systems were worth $18,865,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in CDNS. Western Wealth Management LLC raised its position in shares of Cadence Design Systems by 63.7% in the first quarter. Western Wealth Management LLC now owns 1,185 shares of the software maker’s stock valued at $329,000 after buying an additional 461 shares during the last quarter. Centaurus Financial Inc. boosted its position in Cadence Design Systems by 48.4% during the first quarter. Centaurus Financial Inc. now owns 917 shares of the software maker’s stock worth $255,000 after acquiring an additional 299 shares during the last quarter. Strategic Investment Advisors MI boosted its position in Cadence Design Systems by 13.1% during the first quarter. Strategic Investment Advisors MI now owns 2,063 shares of the software maker’s stock worth $574,000 after acquiring an additional 239 shares during the last quarter. Ashton Thomas Securities LLC grew its stake in Cadence Design Systems by 20.5% in the 1st quarter. Ashton Thomas Securities LLC now owns 1,259 shares of the software maker’s stock worth $350,000 after acquiring an additional 214 shares during the period. Finally, Smith Group Asset Management LLC grew its stake in Cadence Design Systems by 7.4% in the 1st quarter. Smith Group Asset Management LLC now owns 130,269 shares of the software maker’s stock worth $36,198,000 after acquiring an additional 9,014 shares during the period. Institutional investors and hedge funds own 84.85% of the company’s stock.

Insider Activity

In other Cadence Design Systems news, CEO Anirudh Devgan sold 51,887 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $370.00, for a total transaction of $19,198,190.00. Following the completion of the transaction, the chief executive officer directly owned 303,525 shares of the company’s stock, valued at $112,304,250. This trade represents a 14.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paul Cunningham sold 2,000 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $391.00, for a total transaction of $782,000.00. Following the completion of the sale, the vice president directly owned 126,586 shares of the company’s stock, valued at $49,495,126. The trade was a 1.56% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 145,557 shares of company stock worth $56,375,287 over the last ninety days. Insiders own 0.49% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Benchmark restated a “buy” rating on shares of Cadence Design Systems in a report on Tuesday. Piper Sandler upped their target price on Cadence Design Systems from $325.00 to $349.00 and gave the company a “neutral” rating in a research note on Tuesday. Robert W. Baird raised their price target on Cadence Design Systems from $415.00 to $420.00 and gave the stock an “outperform” rating in a research note on Tuesday. Wall Street Zen raised Cadence Design Systems from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Bank of America boosted their price objective on shares of Cadence Design Systems from $400.00 to $420.00 and gave the stock a “buy” rating in a report on Tuesday. Thirteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $405.69.

Cadence Design Systems Stock Performance

Shares of CDNS opened at $340.02 on Friday. The business’s 50 day moving average is $372.37 and its two-hundred day moving average is $330.02. Cadence Design Systems, Inc. has a 52-week low of $262.75 and a 52-week high of $416.69. The firm has a market cap of $93.78 billion, a price-to-earnings ratio of 67.60, a PEG ratio of 3.57 and a beta of 1.15. The company has a quick ratio of 1.32, a current ratio of 1.74 and a debt-to-equity ratio of 0.36.

Cadence Design Systems (NASDAQ:CDNS) last released its quarterly earnings results on Monday, July 27th. The software maker reported $2.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.05 by $0.06. The business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.58 billion. Cadence Design Systems had a net margin of 23.60% and a return on equity of 27.98%. The business’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.65 earnings per share. 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. Analysts forecast that Cadence Design Systems, Inc. will post 6.4 EPS for the current fiscal year.

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.