Siemens Fonds Invest GmbH Has $4.04 Million Position in Cadence Design Systems, Inc. $CDNS

Siemens Fonds Invest GmbH cut its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 10.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 12,813 shares of the software maker’s stock after selling 1,519 shares during the period. Siemens Fonds Invest GmbH’s holdings in Cadence Design Systems were worth $4,044,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Blair William & Co. IL raised its holdings in Cadence Design Systems by 15.9% in the 4th quarter. Blair William & Co. IL now owns 5,755 shares of the software maker’s stock valued at $1,799,000 after acquiring an additional 790 shares during the period. Titan Wealth CI Ltd acquired a new stake in Cadence Design Systems during the fourth quarter worth approximately $34,000. Bank Hapoalim BM boosted its holdings in shares of Cadence Design Systems by 333.3% during the fourth quarter. Bank Hapoalim BM now owns 2,535 shares of the software maker’s stock worth $792,000 after acquiring an additional 1,950 shares during the period. Howe & Rusling Inc. boosted its holdings in shares of Cadence Design Systems by 14.3% during the fourth quarter. Howe & Rusling Inc. now owns 18,769 shares of the software maker’s stock worth $5,867,000 after acquiring an additional 2,345 shares during the period. Finally, Waterway Wealth Management LLC grew its position in shares of Cadence Design Systems by 128.1% in the fourth quarter. Waterway Wealth Management LLC now owns 3,175 shares of the software maker’s stock valued at $992,000 after purchasing an additional 1,783 shares during the last quarter. Institutional investors and hedge funds own 84.85% of the company’s stock.

Insiders Place Their Bets

In other Cadence Design Systems news, VP Paul Scannell sold 10,500 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $339.00, for a total value of $3,559,500.00. Following the transaction, the vice president directly owned 33,946 shares of the company’s stock, valued at $11,507,694. This trade represents a 23.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paul Cunningham sold 1,000 shares of the business’s 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 owned 127,586 shares of the company’s stock, valued at $43,058,999.14. The trade was a 0.78% 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. Insiders have sold 177,557 shares of company stock valued at $66,423,642 over the last 90 days. 0.49% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Stifel Nicolaus increased their target price on Cadence Design Systems from $395.00 to $432.00 and gave the stock a “buy” rating in a research note on Tuesday, June 9th. Berenberg Bank set a $440.00 price objective on Cadence Design Systems in a report on Wednesday, May 27th. Morgan Stanley dropped 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. Citigroup boosted their target price 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. Finally, Needham & Company LLC restated a “buy” rating and issued a $400.00 price target on shares of Cadence Design Systems in a research note on Tuesday, April 28th. Fourteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $386.59.

Cadence Design Systems Trading Down 1.7%

Shares of NASDAQ:CDNS opened at $387.85 on Wednesday. The company has a market capitalization of $106.98 billion, a P/E ratio of 90.41, a P/E/G ratio of 4.67 and a beta of 1.15. Cadence Design Systems, Inc. has a 1 year low of $262.75 and a 1 year high of $416.69. 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 business’s 50 day simple moving average is $348.82 and its 200 day simple moving average is $320.05.

Cadence Design Systems (NASDAQ:CDNS) last announced its quarterly earnings data 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. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Cadence Design Systems had a return on equity of 28.44% and a net margin of 21.18%.The company’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.57 EPS. 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, research analysts anticipate that Cadence Design Systems, Inc. will post 6.23 EPS for the current fiscal year.

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.