Thompson Siegel & Walmsley LLC Grows Stock Position in Cadence Design Systems, Inc. $CDNS

Thompson Siegel & Walmsley LLC boosted its stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 10.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,494 shares of the software maker’s stock after acquiring an additional 1,989 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Cadence Design Systems were worth $6,719,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Y.D. More Investments Ltd purchased a new position in shares of Cadence Design Systems in the third quarter valued at about $26,000. Caitlin John LLC purchased a new stake in shares of Cadence Design Systems during the third quarter worth about $29,000. Lodestone Wealth Management LLC bought a new stake in shares of Cadence Design Systems in the fourth quarter worth about $30,000. Imprint Wealth LLC purchased a new position in Cadence Design Systems during the 3rd quarter valued at about $31,000. Finally, MidAtlantic Capital Management Inc. purchased a new stake in Cadence Design Systems in the 4th quarter worth approximately $32,000. Institutional investors own 84.85% of the company’s stock.

Insider Activity

In other news, CEO Anirudh Devgan sold 51,887 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $370.00, for a total value of $19,198,190.00. Following the transaction, the chief executive officer owned 303,525 shares in the company, valued at $112,304,250. This represents a 14.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paul Cunningham sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $337.49, for a total transaction of $337,490.00. Following the completion of the transaction, the vice president directly owned 127,586 shares in the company, valued at approximately $43,058,999.14. The trade was a 0.78% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 92,138 shares of company stock worth $32,194,760. Company insiders own 0.49% of the company’s stock.

Cadence Design Systems Stock Performance

Shares of NASDAQ CDNS opened at $414.16 on Tuesday. The firm’s 50-day moving average price is $323.76 and its 200-day moving average price is $313.36. Cadence Design Systems, Inc. has a 52-week low of $262.75 and a 52-week high of $414.92. The company has a market cap of $114.23 billion, a PE ratio of 96.54, a PEG ratio of 4.44 and a beta of 1.15. The company has a quick ratio of 1.32, a current ratio of 1.47 and a debt-to-equity ratio of 0.38.

Cadence Design Systems (NASDAQ:CDNS) last issued its quarterly earnings data on Monday, April 27th. The software maker reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.05. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.46 billion. Cadence Design Systems had a net margin of 21.18% and a return on equity of 28.44%. The firm’s revenue for the quarter was up 18.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.57 earnings per share. 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, analysts anticipate that Cadence Design Systems, Inc. will post 6.23 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Piper Sandler boosted their target price on Cadence Design Systems from $319.00 to $325.00 and gave the company a “neutral” rating in a research note on Tuesday, April 28th. Wells Fargo & Company increased their target price on Cadence Design Systems from $400.00 to $425.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Morgan Stanley dropped their price target on Cadence Design Systems from $385.00 to $370.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 18th. Stifel Nicolaus set a $395.00 target price on shares of Cadence Design Systems in a research report on Wednesday, February 18th. Finally, Citigroup lifted their price target on shares of Cadence Design Systems from $385.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Fourteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $384.41.

Cadence Design Systems 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.