Trivium Point Advisory LLC Invests $3.85 Million in Cadence Design Systems, Inc. $CDNS

Trivium Point Advisory LLC purchased a new stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,272 shares of the software maker’s stock, valued at approximately $3,855,000.

Other large investors also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC boosted its position in shares of Cadence Design Systems by 933.3% in the first quarter. Whipplewood Advisors LLC now owns 93 shares of the software maker’s stock worth $26,000 after buying an additional 84 shares during the period. Brown Lisle Cummings Inc. raised its position in Cadence Design Systems by 860.0% during the first quarter. Brown Lisle Cummings Inc. now owns 96 shares of the software maker’s stock valued at $27,000 after buying an additional 86 shares during the period. University of Texas Texas AM Investment Management Co. purchased a new stake in Cadence Design Systems in the 4th quarter worth about $28,000. Swiss RE Ltd. purchased a new position in Cadence Design Systems during the 4th quarter valued at about $29,000. Finally, Avalon Trust Co acquired a new position in shares of Cadence Design Systems in the 2nd quarter valued at about $30,000. 84.85% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on CDNS. Berenberg Bank set a $440.00 price target on shares of Cadence Design Systems in a report on Wednesday, May 27th. Citigroup upped their price objective on shares of Cadence Design Systems from $400.00 to $420.00 and gave the company a “buy” rating in a research note on Tuesday, July 28th. Rosenblatt Securities lifted their target price on shares of Cadence Design Systems from $410.00 to $420.00 and gave the company a “buy” rating in a research note on Tuesday, July 28th. Needham & Company LLC restated a “buy” rating and set a $400.00 price target on shares of Cadence Design Systems in a report on Tuesday, July 28th. Finally, Wall Street Zen raised shares of Cadence Design Systems from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Thirteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $405.69.

Insider Activity at Cadence Design Systems

In other news, VP Paul Cunningham sold 2,000 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $391.00, for a total transaction of $782,000.00. Following the completion of the transaction, the vice president owned 126,586 shares of the company’s stock, valued at approximately $49,495,126. This represents a 1.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James D. Plummer sold 1,511 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $381.34, for a total value of $576,204.74. Following the completion of the sale, the director owned 23,264 shares of the company’s stock, valued at $8,871,493.76. This represents a 6.10% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 139,486 shares of company stock worth $54,262,177. Insiders own 0.49% of the company’s stock.

Cadence Design Systems Price Performance

Shares of NASDAQ:CDNS opened at $324.82 on Monday. The company has a market cap of $89.45 billion, a price-to-earnings ratio of 64.58, a PEG ratio of 3.49 and a beta of 1.15. The business has a 50 day moving average price of $360.72 and a 200 day moving average price of $331.12. The company has a quick ratio of 1.53, a current ratio of 1.74 and a debt-to-equity ratio of 0.36. Cadence Design Systems, Inc. has a twelve month low of $262.75 and a twelve month high of $416.69.

Cadence Design Systems (NASDAQ:CDNS) last posted its quarterly earnings data on Monday, July 27th. The software maker reported $2.11 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.06. The company had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Cadence Design Systems had a return on equity of 27.98% and a net margin of 23.60%.Cadence Design Systems’s revenue for the quarter was up 24.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.65 earnings per share. Cadence Design Systems has set its FY 2026 guidance at 8.050-8.150 EPS and its Q3 2026 guidance at 2.010-2.070 EPS. Research analysts predict that Cadence Design Systems, Inc. will post 6.4 earnings per share for the current 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.