Two Sigma Securities LLC Decreases Stock Position in Cadence Design Systems, Inc. $CDNS

Two Sigma Securities LLC trimmed its position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 86.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 749 shares of the software maker’s stock after selling 4,753 shares during the period. Two Sigma Securities LLC’s holdings in Cadence Design Systems were worth $281,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Avalon Trust Co acquired a new stake in shares of Cadence Design Systems during the second quarter valued at about $30,000. Fiduciary Financial Advisors acquired a new position in shares of Cadence Design Systems in the second quarter worth about $31,000. University of Texas Texas AM Investment Management Co. purchased a new position in Cadence Design Systems in the fourth quarter valued at about $28,000. Arlington Trust Co LLC boosted its holdings in Cadence Design Systems by 154.3% in the second quarter. Arlington Trust Co LLC now owns 89 shares of the software maker’s stock valued at $33,000 after purchasing an additional 54 shares during the last quarter. Finally, Imprint Wealth LLC acquired a new stake in Cadence Design Systems during the 3rd quarter valued at approximately $31,000. Hedge funds and other institutional investors own 84.85% of the company’s stock.

Wall Street Analysts Forecast Growth

CDNS has been the topic of a number of recent analyst reports. Bank of America upped their target price on Cadence Design Systems from $400.00 to $420.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. Oppenheimer reissued a “market perform” rating and set a $300.00 price target on shares of Cadence Design Systems in a research report on Tuesday, July 28th. Benchmark restated a “buy” rating on shares of Cadence Design Systems in a research note on Tuesday, July 28th. Stifel Nicolaus upped their price target on shares of Cadence Design Systems from $395.00 to $432.00 and gave the company a “buy” rating in a report on Tuesday, June 9th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $400.00 price objective on shares of Cadence Design Systems in a research note on Tuesday, July 28th. Thirteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Cadence Design Systems has an average rating of “Moderate Buy” and an average target price of $405.69.

Cadence Design Systems Stock Performance

CDNS stock opened at $304.88 on Friday. The stock’s 50 day simple moving average is $343.26 and its 200 day simple moving average is $334.10. Cadence Design Systems, Inc. has a 12-month low of $262.75 and a 12-month high of $416.69. The firm has a market cap of $83.96 billion, a P/E ratio of 60.61, a P/E/G ratio of 3.29 and a beta of 1.14. 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 data on Monday, July 27th. The software maker reported $2.11 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.06. Cadence Design Systems had a net margin of 23.60% and a return on equity of 27.98%. The firm had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the previous year, the company posted $1.65 earnings per share. The firm’s revenue was up 24.2% on a year-over-year basis. 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 research analysts predict that Cadence Design Systems, Inc. will post 6.4 EPS for the current year.

Insiders Place Their Bets

In other Cadence Design Systems news, Director Albert Sangiovanni-Vincentelli sold 1,250 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $320.88, for a total value of $401,100.00. Following the transaction, the director owned 40,794 shares of the company’s stock, valued at $13,089,978.72. This trade represents a 2.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paul Cunningham sold 2,000 shares of Cadence Design Systems stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $323.32, for a total value of $646,640.00. Following the completion of the transaction, the vice president owned 124,586 shares of the company’s stock, valued at approximately $40,281,145.52. The trade was a 1.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 7,221 shares of company stock worth $2,570,606. Corporate insiders own 0.49% of the company’s stock.

About Cadence Design Systems

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.