Cadence Design Systems, Inc. $CDNS Shares Bought by Korea Investment CORP

Korea Investment CORP raised its holdings in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 17.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 204,774 shares of the software maker’s stock after buying an additional 30,636 shares during the period. Korea Investment CORP owned approximately 0.08% of Cadence Design Systems worth $71,929,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Munich Reinsurance Co Stock Corp in Munich purchased a new stake in shares of Cadence Design Systems during the third quarter worth $163,000. Ameriflex Group Inc. raised its stake in shares of Cadence Design Systems by 120.8% in the third quarter. Ameriflex Group Inc. now owns 468 shares of the software maker’s stock valued at $164,000 after acquiring an additional 256 shares in the last quarter. Angeles Wealth Management LLC boosted its holdings in Cadence Design Systems by 5.9% in the third quarter. Angeles Wealth Management LLC now owns 714 shares of the software maker’s stock valued at $251,000 after purchasing an additional 40 shares during the period. Blair William & Co. IL grew its stake in Cadence Design Systems by 10.0% during the 3rd quarter. Blair William & Co. IL now owns 4,965 shares of the software maker’s stock worth $1,744,000 after purchasing an additional 453 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in Cadence Design Systems by 4.4% during the 3rd quarter. First Trust Advisors LP now owns 399,416 shares of the software maker’s stock worth $140,299,000 after purchasing an additional 16,722 shares in the last quarter. Institutional investors and hedge funds own 84.85% of the company’s stock.

Cadence Design Systems Stock Down 1.0%

Shares of NASDAQ CDNS opened at $296.94 on Monday. The company has a market capitalization of $80.96 billion, a price-to-earnings ratio of 73.14, a price-to-earnings-growth ratio of 3.56 and a beta of 1.00. 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 $304.06 and a two-hundred day moving average of $323.85. Cadence Design Systems, Inc. has a 1 year low of $221.56 and a 1 year high of $376.45.

Cadence Design Systems (NASDAQ:CDNS) last released its quarterly earnings data 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 return on equity of 29.34% and a net margin of 20.93%.The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the prior year, the business posted $1.88 EPS. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. 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. On average, analysts forecast that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CDNS shares. Morgan Stanley reduced 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. Citigroup began coverage on Cadence Design Systems in a research report on Monday, November 24th. They set a “buy” rating and a $385.00 price objective for the company. Piper Sandler cut their target price on shares of Cadence Design Systems from $355.00 to $319.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 18th. Wells Fargo & Company reduced 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 report on Wednesday, February 18th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $390.00 price target on shares of Cadence Design Systems in a research note on Wednesday, February 18th. Fifteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. 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.

Insiders Place Their Bets

In other Cadence Design Systems news, VP Paul Cunningham sold 1,000 shares of the stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $297.78, for a total value of $297,780.00. Following the transaction, the vice president directly owned 94,137 shares in the company, valued at $28,032,115.86. This represents a 1.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Paul Scannell sold 5,490 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $339.43, for a total transaction of $1,863,470.70. Following the sale, the vice president directly owned 20,321 shares in the company, valued at approximately $6,897,557.03. The trade was a 21.27% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 36,480 shares of company stock valued at $11,692,189. 0.37% of the stock is owned by company insiders.

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.