PFG Advisors Invests $6 Million in Cadence Design Systems, Inc. $CDNS

PFG Advisors acquired a new position in Cadence Design Systems, Inc. (NASDAQ:CDNS) during the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 17,078 shares of the software maker’s stock, valued at approximately $5,999,000.

Other large investors have also recently added to or reduced their stakes in the company. Peterson Wealth Services increased its stake in shares of Cadence Design Systems by 1,501.3% during the 3rd quarter. Peterson Wealth Services now owns 187,115 shares of the software maker’s stock worth $65,726,000 after purchasing an additional 175,430 shares in the last quarter. Pacer Advisors Inc. lifted its stake in Cadence Design Systems by 83.3% in the 3rd quarter. Pacer Advisors Inc. now owns 182,348 shares of the software maker’s stock valued at $64,052,000 after buying an additional 82,856 shares in the last quarter. Stanley Laman Group Ltd. purchased a new stake in Cadence Design Systems in the 3rd quarter valued at approximately $6,177,000. Patton Fund Management Inc. grew its holdings in Cadence Design Systems by 1,743.7% during the 3rd quarter. Patton Fund Management Inc. now owns 13,994 shares of the software maker’s stock valued at $4,916,000 after buying an additional 13,235 shares during the last quarter. Finally, Westerkirk Capital Inc. purchased a new position in Cadence Design Systems during the second quarter worth $2,024,000. 84.85% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP Paul Scannell sold 5,490 shares of the stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $339.43, for a total transaction of $1,863,470.70. Following the transaction, the vice president directly owned 20,321 shares in the company, valued at $6,897,557.03. This represents a 21.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ita M. Brennan sold 180 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $337.48, for a total transaction of $60,746.40. Following the completion of the sale, the director directly owned 7,650 shares in the company, valued at $2,581,722. This represents a 2.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 36,480 shares of company stock valued at $11,692,189 in the last quarter. Corporate insiders own 0.37% of the company’s stock.

Cadence Design Systems Trading Down 1.0%

Shares of Cadence Design Systems stock opened at $296.94 on Monday. Cadence Design Systems, Inc. has a fifty-two week low of $221.56 and a fifty-two week high of $376.45. The business’s fifty day moving average is $304.06 and its two-hundred day moving average is $323.85. The company has a quick ratio of 2.67, a current ratio of 2.86 and a debt-to-equity ratio of 0.45. The firm has a market cap of $80.96 billion, a PE ratio of 73.14, a P/E/G ratio of 3.56 and a beta of 1.00.

Cadence Design Systems (NASDAQ:CDNS) last announced 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. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.42 billion. Cadence Design Systems had a return on equity of 29.34% and a net margin of 20.93%.The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.88 earnings per share. 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. Analysts anticipate that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Citigroup initiated coverage on Cadence Design Systems in a report on Monday, November 24th. They issued a “buy” rating and a $385.00 price target for the company. Stifel Nicolaus set a $395.00 price objective on Cadence Design Systems in a research note on Wednesday, February 18th. Morgan Stanley dropped their price objective on Cadence Design Systems from $385.00 to $370.00 and set an “overweight” rating for the company in a research report on Wednesday, February 18th. Oppenheimer raised shares of Cadence Design Systems from an “underperform” rating to a “market perform” rating and set a $275.00 target price for the company in a research note on Monday, December 1st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Cadence Design Systems in a report on Monday, December 29th. Fifteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Cadence Design Systems has a consensus rating of “Moderate Buy” and a consensus target price of $376.50.

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.