North Star Asset Management Inc. Boosts Position in Cadence Design Systems, Inc. $CDNS

North Star Asset Management Inc. raised its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 29.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,149 shares of the software maker’s stock after purchasing an additional 3,687 shares during the period. North Star Asset Management Inc.’s holdings in Cadence Design Systems were worth $5,672,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Y.D. More Investments Ltd acquired a new stake in Cadence Design Systems during the 3rd quarter worth $26,000. Strategic Wealth Investment Group LLC acquired a new position in Cadence Design Systems in the second quarter valued at $32,000. Promus Capital LLC purchased a new position in shares of Cadence Design Systems during the second quarter worth about $33,000. Robbins Farley acquired a new stake in shares of Cadence Design Systems during the third quarter worth about $35,000. Finally, Cloud Capital Management LLC acquired a new stake in shares of Cadence Design Systems during the third quarter worth about $35,000. Institutional investors and hedge funds own 84.85% of the company’s stock.

Cadence Design Systems Stock Performance

NASDAQ:CDNS opened at $290.63 on Wednesday. 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 firm has a market cap of $79.24 billion, a price-to-earnings ratio of 71.58, a price-to-earnings-growth ratio of 3.44 and a beta of 1.01. The firm’s fifty day moving average price is $306.55 and its 200 day moving average price is $326.61. 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 earnings results on Tuesday, February 17th. The software maker reported $1.99 EPS for the quarter, topping the consensus estimate of $1.91 by $0.08. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Cadence Design Systems had a net margin of 20.93% and a return on equity of 29.34%. The business’s revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the business earned $1.88 EPS. 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, sell-side analysts expect that Cadence Design Systems, Inc. will post 5.41 EPS for the current year.

Insider Buying and Selling

In other Cadence Design Systems news, VP Paul Cunningham sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $295.09, for a total transaction of $295,090.00. Following the transaction, the vice president owned 95,137 shares in the company, valued at approximately $28,073,977.33. The trade was a 1.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Paul Scannell sold 5,490 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $339.43, for a total value of $1,863,470.70. Following the completion of the sale, the vice president directly owned 20,321 shares of the company’s stock, valued at $6,897,557.03. This represents a 21.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 56,475 shares of company stock worth $18,505,486 in the last three months. Company insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CDNS. Stifel Nicolaus set a $395.00 target price on Cadence Design Systems in a research report on Wednesday, February 18th. Rosenblatt Securities upgraded Cadence Design Systems from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $335.00 to $360.00 in a research note on Wednesday, February 18th. KeyCorp restated an “overweight” rating and set a $405.00 target price on shares of Cadence Design Systems in a research report on Tuesday, October 28th. Wolfe Research reiterated an “outperform” rating and issued a $385.00 price target on shares of Cadence Design Systems in a research report on Tuesday, October 28th. Finally, Wells Fargo & Company lowered their price objective on shares of Cadence Design Systems from $410.00 to $375.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 18th. Fifteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Cadence Design Systems currently has a consensus rating of “Moderate Buy” and an average price target of $376.50.

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.