Spectrum Strategic Capital Management LLC Purchases Shares of 2,208 Cadence Design Systems, Inc. $CDNS

Spectrum Strategic Capital Management LLC purchased a new stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,208 shares of the software maker’s stock, valued at approximately $690,000.

A number of other large investors have also made changes to their positions in the company. Occidental Asset Management LLC grew its stake in shares of Cadence Design Systems by 2.3% during the 3rd quarter. Occidental Asset Management LLC now owns 1,321 shares of the software maker’s stock valued at $464,000 after purchasing an additional 30 shares during the period. Whittier Trust Co. grew its stake in shares of Cadence Design Systems by 0.4% during the 3rd quarter. Whittier Trust Co. now owns 7,072 shares of the software maker’s stock valued at $2,456,000 after purchasing an additional 30 shares during the period. Cornerstone Wealth Group LLC grew its stake in shares of Cadence Design Systems by 4.3% during the 3rd quarter. Cornerstone Wealth Group LLC now owns 777 shares of the software maker’s stock valued at $273,000 after purchasing an additional 32 shares during the period. Spirepoint Private Client LLC grew its stake in shares of Cadence Design Systems by 4.6% during the 4th quarter. Spirepoint Private Client LLC now owns 722 shares of the software maker’s stock valued at $226,000 after purchasing an additional 32 shares during the period. Finally, West Family Investments Inc. grew its stake in shares of Cadence Design Systems by 2.2% during the 3rd quarter. West Family Investments Inc. now owns 1,559 shares of the software maker’s stock valued at $548,000 after purchasing an additional 33 shares during the period. 84.85% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Rosenblatt Securities restated a “buy” rating and set a $360.00 price target on shares of Cadence Design Systems in a research note on Friday, April 24th. Morgan Stanley cut their price objective on Cadence Design Systems from $385.00 to $370.00 and set an “overweight” rating for the company in a research note on Wednesday, February 18th. Citigroup boosted their price objective on Cadence Design Systems from $385.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Needham & Company LLC reiterated a “buy” rating and set a $400.00 price objective on shares of Cadence Design Systems in a research note on Tuesday, April 28th. Finally, Wells Fargo & Company boosted their price objective on Cadence Design Systems from $375.00 to $400.00 and gave the company an “overweight” rating in a research note on Tuesday, April 28th. Fourteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $380.59.

Insiders Place Their Bets

In other Cadence Design Systems news, VP Paul Scannell sold 10,500 shares of the company’s 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 transaction, the vice president directly owned 33,946 shares in the company, valued at $11,507,694. This represents a 23.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO John M. Wall sold 21,500 shares of the company’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $309.45, for a total value of $6,653,175.00. Following the completion of the transaction, the chief financial officer owned 86,875 shares of the company’s stock, valued at $26,883,468.75. The trade was a 19.84% 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. Over the last quarter, insiders have sold 40,180 shares of company stock valued at $12,924,790. 0.49% of the stock is owned by company insiders.

Cadence Design Systems Stock Performance

CDNS stock opened at $347.24 on Monday. Cadence Design Systems, Inc. has a 1-year low of $262.75 and a 1-year high of $376.45. 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 company has a market capitalization of $95.78 billion, a price-to-earnings ratio of 80.94, a PEG ratio of 4.11 and a beta of 1.13. The business has a 50 day simple moving average of $307.04 and a two-hundred day simple moving average of $310.49.

Cadence Design Systems (NASDAQ:CDNS) last posted its quarterly earnings results on Monday, April 27th. The software maker reported $1.96 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the prior year, the company posted $1.57 EPS. The firm’s revenue for the quarter was up 18.6% compared to the same quarter last year. 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. Research analysts anticipate that Cadence Design Systems, Inc. will post 6.23 EPS for the current fiscal year.

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.