State of New Jersey Common Pension Fund D Trims Holdings in Cadence Design Systems, Inc. $CDNS

State of New Jersey Common Pension Fund D reduced its holdings in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 92,479 shares of the software maker’s stock after selling 2,943 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Cadence Design Systems were worth $28,907,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Cadence Design Systems by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 27,231,070 shares of the software maker’s stock valued at $8,511,888,000 after buying an additional 307,753 shares during the last quarter. State Street Corp boosted its stake in shares of Cadence Design Systems by 1.2% during the 3rd quarter. State Street Corp now owns 12,468,162 shares of the software maker’s stock valued at $4,379,567,000 after buying an additional 149,577 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Cadence Design Systems by 16.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,314,407 shares of the software maker’s stock valued at $1,866,739,000 after buying an additional 731,788 shares during the last quarter. Invesco Ltd. lifted its stake in 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, Principal Financial Group Inc. lifted its stake in Cadence Design Systems by 5.1% during the third quarter. Principal Financial Group Inc. now owns 2,301,781 shares of the software maker’s stock worth $808,530,000 after purchasing an additional 110,794 shares during the last quarter. 84.85% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Cadence Design Systems

Here are the key news stories impacting Cadence Design Systems this week:

• Positive Sentiment: Cadence reported a Q1 beat and guided above Street views, lifting near-term fundamentals. Management’s results showed revenue and EPS ahead of consensus and commentary pushed analysts to update models. Cadence Design Systems Tops Q1 Targets, Guides Above Views
• Positive Sentiment: Erste Group raised its FY2027 EPS view for Cadence to $7.54 (above consensus), signaling some analysts expect stronger multi-year earnings power after the quarter. That recalibration can support higher valuation multiples if sustained. Erste Group EPS Estimates for Cadence
• Neutral Sentiment: Media pieces highlighting broad Wall Street analyst optimism (average brokerage recommendation favorable) may help sentiment but are not new fundamental information; they can amplify short-term flows. Wall Street Bulls Look Optimistic About Cadence (CDNS)
• Neutral Sentiment: Industry context: a published note on an expected $1 trillion in AI capex names a handful of firms that should benefit from the AI buildout — a potential long-term tailwind for EDA and IP vendors like Cadence, but timing and realization remain uncertain. $1 Trillion in AI Capex Is Coming
• Neutral Sentiment: Broader semiconductor/quantum-sector executive moves (e.g., Lip-Bu Tan joining PsiQuantum’s board) are notable for the ecosystem but have no direct impact on Cadence results; they underscore continued investor interest in chip-related innovation. PsiQuantum Appoints Lip-Bu Tan to Board of Directors

Analyst Upgrades and Downgrades

CDNS has been the topic of several research analyst reports. Needham & Company LLC restated a “buy” rating and set a $400.00 price objective on shares of Cadence Design Systems in a research note on Tuesday. KeyCorp raised their price target on Cadence Design Systems from $405.00 to $425.00 and gave the company an “overweight” rating in a report on Tuesday. Wells Fargo & Company raised their price target on Cadence Design Systems from $375.00 to $400.00 and gave the company an “overweight” rating in a report on Tuesday. Morgan Stanley lowered their price target on Cadence Design Systems from $385.00 to $370.00 and set an “overweight” rating on the stock in a report on Wednesday, February 18th. Finally, Robert W. Baird raised their price target on Cadence Design Systems from $381.00 to $385.00 and gave the company an “outperform” rating in a report on Tuesday. 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, the company presently has a consensus rating of “Moderate Buy” and an average target price of $380.59.

Insider Buying and Selling

In related news, Director Ita M. Brennan sold 180 shares of Cadence Design Systems stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $295.03, for a total transaction of $53,105.40. Following the transaction, the director directly owned 7,470 shares of the company’s stock, valued at $2,203,874.10. The trade was a 2.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John M. Wall sold 21,500 shares of Cadence Design Systems stock in a transaction dated 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 transaction, the chief financial officer directly owned 86,875 shares in the company, valued at approximately $26,883,468.75. The trade was a 19.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 24,680 shares of company stock valued at $7,579,340 over the last three months. Company insiders own 0.49% of the company’s stock.

Cadence Design Systems Price Performance

NASDAQ:CDNS opened at $329.59 on Friday. The business’s 50-day moving average price is $296.48 and its 200 day moving average price is $309.33. The firm has a market cap of $91.00 billion, a P/E ratio of 76.83, a PEG ratio of 4.10 and a beta of 1.04. Cadence Design Systems, Inc. has a 52-week low of $262.75 and a 52-week high of $376.45. The company has a quick ratio of 2.67, a current ratio of 1.47 and a debt-to-equity ratio of 0.38.

Cadence Design Systems (NASDAQ:CDNS) last released its earnings results on Monday, April 27th. The software maker reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.05. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.46 billion. Cadence Design Systems had a return on equity of 28.44% and a net margin of 21.18%.Cadence Design Systems’s revenue was up 18.6% compared to the same quarter last year. During the same period in the previous year, the company 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, sell-side analysts predict that Cadence Design Systems, Inc. will post 6.14 earnings per share for the current fiscal year.

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.