First Citizens Bank & Trust Co. Makes New Investment in Cadence Design Systems, Inc. $CDNS

First Citizens Bank & Trust Co. bought a new position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 27,801 shares of the software maker’s stock, valued at approximately $9,180,000.

Other institutional investors have also recently made changes to their positions in the company. Q Fund Management Hong Kong Ltd bought a new position in shares of Cadence Design Systems during the third quarter worth about $294,000. Signal Advisors Wealth LLC acquired a new position in shares of Cadence Design Systems in the 3rd quarter worth approximately $440,000. Krilogy Financial LLC acquired a new position in shares of Cadence Design Systems in the 3rd quarter worth approximately $8,004,000. Downshift Financial LLC boosted its stake in shares of Cadence Design Systems by 2,384.6% in the 3rd quarter. Downshift Financial LLC now owns 323 shares of the software maker’s stock valued at $107,000 after purchasing an additional 310 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. boosted its stake in shares of Cadence Design Systems by 20.5% in the 3rd quarter. McGlone Suttner Wealth Management Inc. now owns 1,441 shares of the software maker’s stock valued at $476,000 after purchasing an additional 245 shares during the last quarter. Institutional investors own 84.85% of the company’s stock.

Insider Activity at Cadence Design Systems

In other Cadence Design Systems news, VP Paul Cunningham sold 2,000 shares of the stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $277.12, for a total value of $554,240.00. Following the transaction, the vice president owned 121,793 shares in the company, valued at approximately $33,751,276.16. This represents a 1.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Albert Sangiovanni-Vincentelli sold 1,250 shares of the stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $350.07, for a total value of $437,587.50. Following the completion of the transaction, the director owned 39,544 shares in the company, valued at approximately $13,843,168.08. The trade was a 3.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 6,960 shares of company stock worth $2,185,879 over the last quarter. 0.49% of the stock is currently owned by insiders.

Cadence Design Systems News Roundup

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

• Positive Sentiment: Erste Group Bank raised its FY2026 EPS estimate slightly to $6.40 from $6.39, broadly in line with the $6.41 consensus forecast. Erste Group Bank estimate update
• Positive Sentiment: Cadence’s latest quarterly results remained strong, with revenue of approximately $1.584 billion, record backlog of $8.1 billion and increased full-year 2026 guidance. The company is also scheduled to report third-quarter results on October 26. Cadence stock rotation analysis
• Neutral Sentiment: Semiconductor equipment and chip-design shares broadly weakened after a strong AI-driven run, with peers including Applied Materials, Lam Research and KLA also declining. This indicates sector-wide profit-taking rather than a Cadence-specific operational shock. Semiconductor equipment stocks slide
• Negative Sentiment: Cadence trades at a premium valuation, making CDNS more vulnerable to risk reduction in AI- and semiconductor-exposed software names. Synopsys also traded lower, reinforcing the broader electronic-design-automation selloff. Cadence valuation and sector analysis
• Negative Sentiment: One analysis argues that Cadence’s customers may be gaining negotiating leverage, potentially pressuring pricing, margins or future growth. In addition, reported insider activity shows selling with no purchases over the past six months, which may weigh on sentiment. Cadence customer leverage analysis

Cadence Design Systems Price Performance

Shares of CDNS opened at $334.20 on Wednesday. Cadence Design Systems, Inc. has a 52-week low of $262.75 and a 52-week high of $416.69. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.53 and a current ratio of 1.74. The business’s 50 day moving average price is $319.68 and its two-hundred day moving average price is $338.26. The firm has a market cap of $92.04 billion, a PE ratio of 66.44, a price-to-earnings-growth ratio of 3.73 and a beta of 1.13.

Cadence Design Systems (NASDAQ:CDNS) last posted its quarterly earnings results on Monday, July 27th. The software maker reported $2.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.05 by $0.06. The firm had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Cadence Design Systems had a return on equity of 27.98% and a net margin of 23.60%. The company’s revenue for the quarter was up 24.2% compared to the same quarter last year. During the same period in the prior year, the business earned $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. On average, equities analysts anticipate that Cadence Design Systems, Inc. will post 6.41 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. FBN Securities assumed coverage on shares of Cadence Design Systems in a research report on Friday, September 11th. They set an “outperform” rating and a $375.00 price objective for the company. KeyCorp restated an “overweight” rating on shares of Cadence Design Systems in a report on Tuesday, July 28th. Morgan Stanley restated an “overweight” rating and issued a $400.00 target price (up from $370.00) on shares of Cadence Design Systems in a report on Wednesday, July 29th. Oppenheimer reaffirmed a “market perform” rating and set a $300.00 price target (up from $275.00) on shares of Cadence Design Systems in a research report on Tuesday, July 28th. Finally, Piper Sandler increased their price target on Cadence Design Systems from $325.00 to $349.00 and gave the stock a “neutral” rating in a report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cadence Design Systems presently has a consensus rating of “Moderate Buy” and an average target price of $404.14.

Cadence Design Systems Company Profile

Cadence Design Systems, Inc is a technology company that develops electronic design automation (EDA) software, hardware, and semiconductor intellectual property. Its products help engineers design, verify, analyze, and manufacture complex semiconductor chips, printed circuit boards, and electronic systems.

The company’s offerings include digital and custom/analog integrated-circuit design tools, functional verification and emulation platforms, semiconductor intellectual property, and system analysis solutions.