Lyell Wealth Management LP Acquires 1,493 Shares of Cadence Design Systems, Inc. $CDNS

Lyell Wealth Management LP lifted its holdings in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 2.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 52,277 shares of the software maker’s stock after purchasing an additional 1,493 shares during the period. Cadence Design Systems accounts for about 1.2% of Lyell Wealth Management LP’s portfolio, making the stock its 27th largest position. Lyell Wealth Management LP’s holdings in Cadence Design Systems were worth $16,341,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CDNS. Norges Bank bought a new stake in shares of Cadence Design Systems during the fourth quarter worth $1,352,922,000. Assenagon Asset Management S.A. grew its holdings in shares of Cadence Design Systems by 120.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,124,417 shares of the software maker’s stock worth $351,470,000 after purchasing an additional 615,440 shares during the last quarter. Scge Management L.P. bought a new stake in shares of Cadence Design Systems during the second quarter worth $187,663,000. Invesco Ltd. grew its holdings in shares of Cadence Design Systems by 20.4% during the third quarter. Invesco Ltd. now owns 2,942,746 shares of the software maker’s stock worth $1,033,669,000 after purchasing an additional 499,009 shares during the last quarter. Finally, Close Asset Management Ltd lifted its stake in shares of Cadence Design Systems by 577.5% during the third quarter. Close Asset Management Ltd now owns 566,679 shares of the software maker’s stock valued at $199,088,000 after acquiring an additional 483,039 shares during the period. Institutional investors own 84.85% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CDNS shares. Wells Fargo & Company upped their price target on Cadence Design Systems from $400.00 to $425.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. 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 note on Tuesday, April 28th. Citigroup upped their price target 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 reaffirmed a “buy” rating and set a $400.00 price target on shares of Cadence Design Systems in a research note on Tuesday, April 28th. Finally, Robert W. Baird upped their price target on Cadence Design Systems from $381.00 to $385.00 and gave the company an “outperform” rating in a research note on Tuesday, April 28th. Fourteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $386.59.

Cadence Design Systems Trading Down 0.4%

NASDAQ:CDNS opened at $383.74 on Friday. Cadence Design Systems, Inc. has a 1-year low of $262.75 and a 1-year high of $416.69. The business’s 50-day moving average price is $342.23 and its two-hundred day moving average price is $318.27. The company has a current ratio of 1.47, a quick ratio of 1.32 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $105.84 billion, a price-to-earnings ratio of 89.45, a PEG ratio of 4.56 and a beta of 1.15.

Cadence Design Systems (NASDAQ:CDNS) last released its earnings results on Monday, April 27th. The software maker reported $1.96 earnings per share for the quarter, beating 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 firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the prior year, the firm posted $1.57 earnings per share. The company’s quarterly 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. On average, equities analysts expect that Cadence Design Systems, Inc. will post 6.23 earnings per share for the current year.

Insiders Place Their Bets

In other Cadence Design Systems news, VP Paul Scannell sold 7,081 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $393.91, for a total transaction of $2,789,276.71. Following the sale, the vice president directly owned 32,181 shares in the company, valued at approximately $12,676,417.71. This trade represents a 18.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paul Cunningham sold 1,000 shares of Cadence Design Systems stock in a transaction that occurred on Friday, May 1st. The shares were 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 176,046 shares of company stock worth $65,830,801. 0.49% of the stock is owned by company 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.