Cadence Design Systems, Inc. $CDNS Stock Position Reduced by Brown Advisory Inc.

Brown Advisory Inc. cut its stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 16.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,684,199 shares of the software maker’s stock after selling 333,971 shares during the period. Brown Advisory Inc.’s holdings in Cadence Design Systems were worth $526,455,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd bought a new stake in Cadence Design Systems in the third quarter worth approximately $26,000. Caitlin John LLC bought a new stake in Cadence Design Systems in the third quarter worth approximately $29,000. Swiss RE Ltd. bought a new stake in Cadence Design Systems in the fourth quarter worth approximately $29,000. Lodestone Wealth Management LLC bought a new stake in Cadence Design Systems in the fourth quarter worth approximately $30,000. Finally, Imprint Wealth LLC bought a new stake in Cadence Design Systems in the third quarter worth approximately $31,000. 84.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. KeyCorp upped their price objective on shares of Cadence Design Systems from $405.00 to $425.00 and gave the stock an “overweight” rating in a report on Tuesday, April 28th. Citigroup lifted their target price on shares of Cadence Design Systems from $385.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Robert W. Baird lifted their target price on shares of Cadence Design Systems from $381.00 to $385.00 and gave the stock an “outperform” rating in a report on Tuesday, April 28th. Stifel Nicolaus lifted their target price on shares of Cadence Design Systems from $395.00 to $432.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Piper Sandler lifted their target price on shares of Cadence Design Systems from $319.00 to $325.00 and gave the stock a “neutral” rating in a report on Tuesday, April 28th. Fourteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Cadence Design Systems currently has a consensus rating of “Moderate Buy” and an average price target of $386.59.

Cadence Design Systems Price Performance

Shares of Cadence Design Systems stock opened at $384.96 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.47 and a quick ratio of 1.32. Cadence Design Systems, Inc. has a fifty-two week low of $262.75 and a fifty-two week high of $416.69. The firm has a fifty day moving average price of $344.32 and a two-hundred day moving average price of $318.73. The company has a market cap of $106.18 billion, a PE ratio of 89.73, a price-to-earnings-growth ratio of 4.56 and a beta of 1.15.

Cadence Design Systems (NASDAQ:CDNS) last released 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 company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.46 billion. Cadence Design Systems had a net margin of 21.18% and a return on equity of 28.44%. The firm’s revenue for the quarter was up 18.6% compared to the same quarter last year. During the same period last year, the firm earned $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. Analysts expect that Cadence Design Systems, Inc. will post 6.23 EPS for the current year.

Insider Buying and Selling at Cadence Design Systems

In other news, CEO Anirudh Devgan sold 51,887 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $370.00, for a total transaction of $19,198,190.00. Following the completion of the transaction, the chief executive officer directly owned 303,525 shares of the company’s stock, valued at approximately $112,304,250. This trade represents a 14.60% decrease in their position. The transaction was disclosed in a legal 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, VP Paul Scannell sold 10,500 shares of the stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $339.00, for a total transaction of $3,559,500.00. Following the sale, the vice president owned 33,946 shares of the company’s stock, valued at $11,507,694. This trade represents a 23.62% 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. Insiders sold a total of 176,226 shares of company stock valued at $65,900,542 over the last quarter. 0.49% of the stock is currently owned by insiders.

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.