Cadence Design Systems, Inc. $CDNS Holdings Lowered by HighTower Advisors LLC

HighTower Advisors LLC decreased its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 5.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 50,958 shares of the software maker’s stock after selling 3,130 shares during the quarter. HighTower Advisors LLC’s holdings in Cadence Design Systems were worth $15,929,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Peterson Wealth Services increased its position in shares of Cadence Design Systems by 1,501.3% in the third quarter. Peterson Wealth Services now owns 187,115 shares of the software maker’s stock worth $65,726,000 after acquiring an additional 175,430 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Cadence Design Systems by 301.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 49,999 shares of the software maker’s stock valued at $17,563,000 after acquiring an additional 37,558 shares in the last quarter. Sun Financial Inc purchased a new stake in shares of Cadence Design Systems in the 4th quarter valued at approximately $1,225,000. DDD Partners LLC boosted its stake in Cadence Design Systems by 27.4% in the 4th quarter. DDD Partners LLC now owns 41,968 shares of the software maker’s stock worth $13,118,000 after purchasing an additional 9,024 shares during the period. Finally, Jones Financial Companies Lllp boosted its stake in Cadence Design Systems by 28.4% in the 3rd quarter. Jones Financial Companies Lllp now owns 8,044 shares of the software maker’s stock worth $2,816,000 after purchasing an additional 1,779 shares during the period. Institutional investors and hedge funds own 84.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CDNS shares. Morgan Stanley reduced their target price on Cadence Design Systems from $385.00 to $370.00 and set an “overweight” rating for the company in a report on Wednesday, February 18th. Stifel Nicolaus set a $395.00 price target on Cadence Design Systems in a report on Wednesday, February 18th. Piper Sandler upped their price target on Cadence Design Systems from $319.00 to $325.00 and gave the company a “neutral” rating in a research report on Tuesday, April 28th. Wells Fargo & Company increased their price objective on Cadence Design Systems from $375.00 to $400.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 28th. Finally, Rosenblatt Securities restated a “buy” rating and set a $360.00 price objective on shares of Cadence Design Systems in a research report on Friday, April 24th. Fourteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $380.59.

Cadence Design Systems Stock Performance

Shares of NASDAQ CDNS opened at $373.59 on Monday. The business’s 50-day simple moving average is $312.73 and its 200-day simple moving average is $311.01. Cadence Design Systems, Inc. has a 52 week low of $262.75 and a 52 week high of $381.55. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.32 and a current ratio of 1.47. The firm has a market cap of $103.04 billion, a price-to-earnings ratio of 87.08, a P/E/G ratio of 4.42 and a beta of 1.13.

Cadence Design Systems (NASDAQ:CDNS) last announced its earnings results on Monday, April 27th. The software maker reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.05. Cadence Design Systems had a return on equity of 28.44% and a net margin of 21.18%.The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the prior year, the business earned $1.57 earnings per share. The company’s revenue was up 18.6% on a year-over-year basis. 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. As a group, equities research analysts expect that Cadence Design Systems, Inc. will post 6.23 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO John M. Wall sold 21,500 shares of Cadence Design Systems stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $309.45, for a total value of $6,653,175.00. Following the transaction, the chief financial officer owned 86,875 shares in the company, valued at $26,883,468.75. This trade represents a 19.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 on Tuesday, March 17th. The shares were sold at an average price of $295.03, for a total transaction of $53,105.40. Following the transaction, the director owned 7,470 shares of the company’s stock, valued at approximately $2,203,874.10. The trade was a 2.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 41,251 shares of company stock valued at $13,294,350. 0.49% of the stock is owned by corporate insiders.

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.