W1M Asset Management Ltd Makes New $2.06 Million Investment in Cadence Design Systems, Inc. $CDNS

W1M Asset Management Ltd acquired a new stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,478 shares of the software maker’s stock, valued at approximately $2,056,000.

A number of other institutional investors have also recently bought and sold shares of CDNS. MUFG Securities EMEA plc grew its position in Cadence Design Systems by 113.9% in the fourth 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 period. Sun Financial Inc acquired a new stake in shares of Cadence Design Systems in the 4th quarter valued at $1,225,000. Leonteq Securities AG acquired a new stake in shares of Cadence Design Systems in the 4th quarter valued at $1,105,000. Indivisible Partners bought a new stake in shares of Cadence Design Systems in the 4th quarter worth about $4,795,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Cadence Design Systems by 1.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 369,717 shares of the software maker’s stock worth $115,566,000 after purchasing an additional 3,562 shares during the last quarter. Institutional investors and hedge funds own 84.85% of the company’s stock.

Insider Buying and Selling at Cadence Design Systems

In related news, VP Paul Scannell sold 7,081 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $393.91, for a total value of $2,789,276.71. Following the transaction, the vice president owned 32,181 shares in the company, valued at $12,676,417.71. This trade represents a 18.04% decrease in their ownership of the stock. The transaction 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, CEO Anirudh Devgan sold 51,822 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $395.00, for a total value of $20,469,690.00. Following the sale, the chief executive officer directly owned 278,524 shares of the company’s stock, valued at $110,016,980. This represents a 15.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 89,599 shares of company stock valued at $35,710,627 over the last ninety days. Company insiders own 0.49% of the company’s stock.

Analyst Upgrades and Downgrades

CDNS has been the subject of several analyst reports. KeyCorp reissued an “overweight” rating on shares of Cadence Design Systems in a report on Tuesday, July 28th. Rosenblatt Securities raised their price objective on shares of Cadence Design Systems from $410.00 to $420.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. Berenberg Bank set a $440.00 target price on shares of Cadence Design Systems in a research note on Wednesday, May 27th. Wall Street Zen raised Cadence Design Systems from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Finally, Morgan Stanley restated an “overweight” rating and set a $400.00 price target on shares of Cadence Design Systems in a research report on Wednesday, July 29th. Thirteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $405.69.

Cadence Design Systems Trading Up 1.7%

Shares of NASDAQ CDNS opened at $319.02 on Friday. Cadence Design Systems, Inc. has a 1-year low of $262.75 and a 1-year high of $416.69. The company has a 50-day moving average of $353.70 and a two-hundred day moving average of $331.25. The company has a market cap of $87.85 billion, a PE ratio of 63.42, a P/E/G ratio of 3.42 and a beta of 1.15. The company has a current ratio of 1.74, a quick ratio of 1.53 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 EPS for the quarter, beating the consensus estimate of $2.05 by $0.06. The business had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Cadence Design Systems had a net margin of 23.60% and a return on equity of 27.98%. Cadence Design Systems’s revenue was up 24.2% compared to the same quarter last year. During the same period in the prior year, the firm 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. As a group, equities analysts expect that Cadence Design Systems, Inc. will post 6.4 earnings per share for the current fiscal 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.