Farther Finance Advisors LLC Boosts Stock Position in Cadence Design Systems, Inc. $CDNS

Farther Finance Advisors LLC raised its position in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 34.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 7,779 shares of the software maker’s stock after buying an additional 1,990 shares during the period. Farther Finance Advisors LLC’s holdings in Cadence Design Systems were worth $2,432,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Y.D. More Investments Ltd acquired a new position in shares of Cadence Design Systems in the third quarter valued at approximately $26,000. Caitlin John LLC acquired a new stake in Cadence Design Systems during the third quarter worth approximately $29,000. Lodestone Wealth Management LLC acquired a new stake in Cadence Design Systems during the fourth quarter worth approximately $30,000. Imprint Wealth LLC purchased a new stake in Cadence Design Systems in the 3rd quarter worth approximately $31,000. Finally, Strategic Wealth Investment Group LLC acquired a new position in Cadence Design Systems in the 2nd quarter valued at $32,000. 84.85% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on CDNS. Needham & Company LLC reiterated a “buy” rating and issued a $390.00 target price on shares of Cadence Design Systems in a research note on Wednesday, February 18th. Weiss Ratings restated a “hold (c)” rating on shares of Cadence Design Systems in a report on Monday, December 29th. Piper Sandler dropped their price objective on shares of Cadence Design Systems from $355.00 to $319.00 and set a “neutral” rating for the company in a research note on Wednesday, February 18th. Wells Fargo & Company decreased their target price on shares of Cadence Design Systems from $410.00 to $375.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 18th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $360.00 target price on shares of Cadence Design Systems in a report on Thursday, February 26th. Fifteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cadence Design Systems currently has an average rating of “Moderate Buy” and an average price target of $376.50.

Cadence Design Systems Stock Performance

Shares of NASDAQ:CDNS opened at $311.03 on Friday. The firm has a market capitalization of $85.87 billion, a PE ratio of 76.61, a P/E/G ratio of 3.69 and a beta of 1.04. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.86 and a quick ratio of 2.67. The business has a 50-day moving average of $290.81 and a two-hundred day moving average of $310.28. Cadence Design Systems, Inc. has a 12 month low of $247.70 and a 12 month high of $376.45.

Cadence Design Systems (NASDAQ:CDNS) last issued its earnings results on Tuesday, February 17th. The software maker reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.08. Cadence Design Systems had a net margin of 20.93% and a return on equity of 29.34%. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter last year, the firm posted $1.88 EPS. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. Cadence Design Systems has set its Q1 2026 guidance at 1.890-1.950 EPS and its FY 2026 guidance at 8.050-8.150 EPS. As a group, research analysts forecast that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current year.

Insider Transactions at Cadence Design Systems

In other news, VP Paul Cunningham sold 1,000 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $297.78, for a total transaction of $297,780.00. Following the completion of the transaction, the vice president directly owned 94,137 shares in the company, valued at approximately $28,032,115.86. This represents a 1.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Ita M. Brennan sold 180 shares of Cadence Design Systems stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $295.03, for a total transaction of $53,105.40. Following the completion of the sale, the director owned 7,470 shares of the company’s stock, valued at approximately $2,203,874.10. This trade represents a 2.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 3,185 shares of company stock valued at $927,728. 0.49% of the stock is currently owned by corporate insiders.

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.