iA Global Asset Management Inc. Acquires 33,890 Shares of Cadence Design Systems, Inc. $CDNS

iA Global Asset Management Inc. grew its holdings in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 101.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 67,268 shares of the software maker’s stock after acquiring an additional 33,890 shares during the quarter. iA Global Asset Management Inc.’s holdings in Cadence Design Systems were worth $21,027,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of CDNS. Y.D. More Investments Ltd bought a new stake in shares of Cadence Design Systems during the 3rd quarter valued at about $26,000. Caitlin John LLC purchased a new position in shares of Cadence Design Systems during the 3rd quarter valued at about $29,000. Lodestone Wealth Management LLC purchased a new position in shares of Cadence Design Systems during the 4th quarter valued at about $30,000. Imprint Wealth LLC purchased a new position in shares of Cadence Design Systems during the 3rd quarter valued at about $31,000. Finally, Strategic Wealth Investment Group LLC purchased a new position in shares of Cadence Design Systems during the 2nd quarter valued at about $32,000. Institutional investors own 84.85% of the company’s stock.

Wall Street Analysts Forecast Growth

CDNS has been the topic of a number of research reports. Stifel Nicolaus set a $395.00 price objective on Cadence Design Systems in a report on Wednesday, February 18th. Citigroup raised their price objective on Cadence Design Systems from $385.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Piper Sandler raised their price objective on Cadence Design Systems from $319.00 to $325.00 and gave the company a “neutral” rating in a report on Tuesday, April 28th. Needham & Company LLC reissued a “buy” rating and set a $400.00 price objective on shares of Cadence Design Systems in a report on Tuesday, April 28th. Finally, KeyCorp lifted their price target on Cadence Design Systems from $405.00 to $425.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 28th. Fourteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Cadence Design Systems currently has a consensus rating of “Moderate Buy” and an average price target of $380.59.

Insider Buying and Selling

In other news, VP Paul Cunningham sold 1,000 shares of Cadence Design Systems stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $297.78, for a total value of $297,780.00. Following the sale, the vice president directly owned 94,137 shares in the company, valued at approximately $28,032,115.86. This trade represents a 1.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Paul Scannell sold 10,500 shares of Cadence Design Systems stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $339.00, for a total value of $3,559,500.00. Following the completion of the sale, the vice president owned 33,946 shares in the company, valued at approximately $11,507,694. This represents a 23.62% decrease in their ownership of the stock. 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 sold 40,180 shares of company stock valued at $12,924,790 over the last quarter. Company insiders own 0.49% of the company’s stock.

Cadence Design Systems Price Performance

Shares of Cadence Design Systems stock opened at $347.24 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.47 and a quick ratio of 1.32. The business’s 50 day simple moving average is $307.04 and its two-hundred day simple moving average is $310.77. The stock has a market capitalization of $95.78 billion, a P/E ratio of 80.94, a price-to-earnings-growth ratio of 4.11 and a beta of 1.13. Cadence Design Systems, Inc. has a one year low of $262.75 and a one year high of $376.45.

Cadence Design Systems (NASDAQ:CDNS) last announced its quarterly earnings results on Monday, April 27th. The software maker reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.05. The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Cadence Design Systems had a return on equity of 28.44% and a net margin of 21.18%.The business’s quarterly revenue was up 18.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.57 EPS. Cadence Design Systems has set its FY 2026 guidance at 7.850-7.950 EPS and its Q2 2026 guidance at 2.020-2.080 EPS. Analysts forecast that Cadence Design Systems, Inc. will post 6.23 EPS for the current 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.