Biltmore Family Office LLC Buys Shares of 1,495 Cadence Design Systems, Inc. $CDNS

Biltmore Family Office LLC purchased a new position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 1,495 shares of the software maker’s stock, valued at approximately $467,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Y.D. More Investments Ltd acquired a new position in shares of Cadence Design Systems during the 3rd quarter worth $26,000. Caitlin John LLC acquired a new position in shares of Cadence Design Systems during the 3rd quarter worth $29,000. Imprint Wealth LLC acquired a new position in shares of Cadence Design Systems during the 3rd quarter worth $31,000. Lodestone Wealth Management LLC acquired a new position in shares of Cadence Design Systems during the 4th quarter worth $30,000. Finally, Cloud Capital Management LLC acquired a new position in shares of Cadence Design Systems during the 3rd quarter worth $35,000. Institutional investors and hedge funds own 84.85% of the company’s stock.

Cadence Design Systems Trading Down 1.0%

Cadence Design Systems stock opened at $354.55 on Thursday. The stock has a market cap of $97.79 billion, a PE ratio of 82.65, a P/E/G ratio of 4.24 and a beta of 1.13. The stock has a 50-day moving average price of $305.16 and a 200 day moving average price of $310.46. Cadence Design Systems, Inc. has a 52 week low of $262.75 and a 52 week high of $376.45. The company has a current ratio of 1.47, a quick ratio of 1.32 and a debt-to-equity ratio of 0.38.

Cadence Design Systems (NASDAQ:CDNS) last posted its quarterly earnings data on Monday, April 27th. The software maker reported $1.96 EPS for the quarter, topping analysts’ consensus estimates 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 firm’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same quarter last year, the business posted $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. Equities research analysts predict that Cadence Design Systems, Inc. will post 6.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. 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. KeyCorp lifted their price target on Cadence Design Systems from $405.00 to $425.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 28th. Wells Fargo & Company lifted their price target on Cadence Design Systems from $375.00 to $400.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 28th. Morgan Stanley cut their price target on Cadence Design Systems from $385.00 to $370.00 and set an “overweight” rating for the company in a research note on Wednesday, February 18th. Finally, Robert W. Baird lifted their price target on Cadence Design Systems from $381.00 to $385.00 and gave the stock 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 assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $380.59.

Insider Buying and Selling

In related news, CFO John M. Wall sold 5,000 shares of Cadence Design Systems stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $348.71, for a total transaction of $1,743,550.00. Following the completion of the sale, the chief financial officer owned 81,875 shares in the company, valued at approximately $28,550,631.25. This trade represents a 5.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 dated Friday, May 1st. The stock was sold at an average price of $337.49, for a total value of $337,490.00. Following the sale, the vice president owned 127,586 shares of the company’s stock, valued at approximately $43,058,999.14. This represents a 0.78% 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 40,180 shares of company stock worth $12,924,790. 0.49% 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.