Cadence Design Systems, Inc. $CDNS Position Lowered by James Investment Research Inc.

James Investment Research Inc. reduced its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 16.3% during the third quarter, according to its most recent filing with the SEC. The fund owned 12,874 shares of the software maker’s stock after selling 2,513 shares during the quarter. James Investment Research Inc.’s holdings in Cadence Design Systems were worth $4,251,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in CDNS. Pinnacle Wealth Management Advisory Group LLC boosted its stake in Cadence Design Systems by 3.1% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,033 shares of the software maker’s stock valued at $287,000 after acquiring an additional 31 shares during the last quarter. Westfuller Advisors LLC grew its position in shares of Cadence Design Systems by 8.2% during the 1st quarter. Westfuller Advisors LLC now owns 408 shares of the software maker’s stock valued at $113,000 after acquiring an additional 31 shares during the period. Cornerstone Planning Group LLC grew its position in shares of Cadence Design Systems by 32.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 132 shares of the software maker’s stock valued at $37,000 after acquiring an additional 32 shares during the period. KCM Investment Advisors LLC increased its stake in shares of Cadence Design Systems by 0.4% during the 1st quarter. KCM Investment Advisors LLC now owns 8,013 shares of the software maker’s stock worth $2,227,000 after purchasing an additional 32 shares during the last quarter. Finally, Fulton Bank N.A. increased its stake in shares of Cadence Design Systems by 2.6% during the 2nd quarter. Fulton Bank N.A. now owns 1,296 shares of the software maker’s stock worth $486,000 after purchasing an additional 33 shares during the last quarter. Institutional investors own 84.85% of the company’s stock.

Insider Buying and Selling

In other news, VP Paul Cunningham sold 2,000 shares of Cadence Design Systems stock in a transaction 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 completion of the transaction, the vice president directly owned 121,793 shares in the company, valued at approximately $33,751,276.16. The trade was a 1.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ita Brennan sold 180 shares of Cadence Design Systems stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $285.51, for a total value of $51,391.80. Following the completion of the transaction, the director owned 7,824 shares of the company’s stock, valued at approximately $2,233,830.24. This trade represents a 2.25% 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 sold 8,960 shares of company stock valued at $2,834,139 over the last three months. Insiders own 0.49% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on CDNS shares. The Goldman Sachs Group lifted their price target on shares of Cadence Design Systems from $410.00 to $470.00 and gave the stock a “buy” rating in a report on Monday, July 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $420.00 price objective (up from $400.00) on shares of Cadence Design Systems in a report on Wednesday, October 7th. Rothschild & Co Redburn raised their target price on Cadence Design Systems from $385.00 to $395.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. Citigroup boosted their target price on Cadence Design Systems from $400.00 to $420.00 and gave the company a “buy” rating in a research note on Tuesday, July 28th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $420.00 target price on shares of Cadence Design Systems in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $404.14.

Cadence Design Systems Stock Performance

NASDAQ CDNS opened at $316.49 on Friday. The firm has a market cap of $87.16 billion, a P/E ratio of 62.92, a price-to-earnings-growth ratio of 3.31 and a beta of 1.13. The company has a quick ratio of 1.53, a current ratio of 1.74 and a debt-to-equity ratio of 0.36. The company’s 50 day moving average is $318.19 and its 200-day moving average is $340.32. 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 released its quarterly earnings data on Monday, July 27th. The software maker reported $2.11 EPS for the quarter, topping the consensus estimate 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 company had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period last year, the firm earned $1.65 EPS. Cadence Design Systems’s revenue for the quarter 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. Sell-side analysts predict that Cadence Design Systems, Inc. will post 6.42 earnings per share for the current year.

About Cadence Design Systems

Cadence Design Systems, Inc develops computational software, hardware, and semiconductor intellectual property used to design and verify electronic systems and integrated circuits. Its electronic design automation (EDA) solutions support chip development across areas such as digital and custom IC design, functional verification, emulation, prototyping, and system analysis.

The company also provides semiconductor IP, including processor cores, interconnect technologies, memory interfaces, and other building blocks that help customers develop complex chips.