Nicholas Investment Partners LP Buys Shares of 14,855 Cadence Design Systems, Inc. $CDNS

Nicholas Investment Partners LP purchased a new position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 14,855 shares of the software maker’s stock, valued at approximately $5,575,000.

A number of other institutional investors also recently made changes to their positions in CDNS. George Kaiser Family Foundation bought a new stake in Cadence Design Systems in the second quarter worth about $725,000. MUFG Securities EMEA plc lifted its holdings in Cadence Design Systems by 113.9% in 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. Sun Financial Inc bought a new position in shares of Cadence Design Systems during the 4th quarter valued at about $1,225,000. Leonteq Securities AG bought a new position in shares of Cadence Design Systems during the 4th quarter valued at about $1,105,000. Finally, Indivisible Partners acquired a new position in shares of Cadence Design Systems in the 4th quarter worth approximately $4,795,000. 84.85% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director James D. Plummer sold 1,511 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $381.34, for a total transaction of $576,204.74. Following the transaction, the director directly owned 23,264 shares of the company’s stock, valued at approximately $8,871,493.76. The trade was a 6.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ita M. Brennan sold 180 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $387.45, for a total transaction of $69,741.00. Following the completion of the transaction, the director owned 8,004 shares in the company, valued at approximately $3,101,149.80. This represents a 2.20% 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 have sold 89,599 shares of company stock worth $35,710,627 over the last ninety days. 0.49% of the stock is currently owned by corporate insiders.

Cadence Design Systems Price Performance

CDNS opened at $315.92 on Tuesday. The firm has a market capitalization of $87.00 billion, a P/E ratio of 62.81, a PEG ratio of 3.42 and a beta of 1.15. The stock has a fifty day moving average of $352.12 and a 200-day moving average of $331.88. The company has a quick ratio of 1.53, a current ratio of 1.74 and a debt-to-equity ratio of 0.36. Cadence Design Systems, Inc. has a 12-month low of $262.75 and a 12-month high of $416.69.

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

Wall Street Analyst Weigh In

A number of analysts recently commented on CDNS shares. Benchmark reiterated a “buy” rating on shares of Cadence Design Systems in a report on Tuesday, July 28th. Piper Sandler lifted their price target on shares of Cadence Design Systems from $325.00 to $349.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 28th. Weiss Ratings raised Cadence Design Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 30th. Morgan Stanley reiterated an “overweight” rating and set a $400.00 price objective on shares of Cadence Design Systems in a research report on Wednesday, July 29th. Finally, Stifel Nicolaus raised their price objective on Cadence Design Systems from $395.00 to $432.00 and gave the stock a “buy” rating in a research note on Tuesday, June 9th. Thirteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Cadence Design Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $405.69.

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.