WCG Wealth Advisors LLC Makes New Investment in Cadence Design Systems, Inc. $CDNS

WCG Wealth Advisors LLC purchased a new stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) during the 4th quarter, Holdings Channel.com reports. The fund purchased 10,450 shares of the software maker’s stock, valued at approximately $3,266,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Y.D. More Investments Ltd acquired a new position in Cadence Design Systems during the 3rd quarter worth $26,000. Caitlin John LLC acquired a new stake in shares of Cadence Design Systems in the 3rd quarter valued at $29,000. Lodestone Wealth Management LLC bought a new stake in shares of Cadence Design Systems during the fourth quarter worth $30,000. Imprint Wealth LLC acquired a new position in shares of Cadence Design Systems during the third quarter valued at $31,000. Finally, MidAtlantic Capital Management Inc. acquired a new position in shares of Cadence Design Systems during the fourth quarter valued at $32,000. Institutional investors and hedge funds own 84.85% of the company’s stock.

Wall Street Analyst Weigh In

CDNS has been the subject of a number of research reports. KeyCorp lifted their price objective on Cadence Design Systems from $405.00 to $425.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 28th. Stifel Nicolaus set a $395.00 price target on shares of Cadence Design Systems in a research report on Wednesday, February 18th. Berenberg Bank set a $440.00 price target on shares of Cadence Design Systems in a research note on Wednesday, May 27th. Piper Sandler lifted their price objective on Cadence Design Systems from $319.00 to $325.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 28th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $360.00 target price on shares of Cadence Design Systems in a report on Friday, April 24th. Fourteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $384.41.

Key Stories Impacting Cadence Design Systems

Here are the key news stories impacting Cadence Design Systems this week:

• Positive Sentiment: Analysts and commentators remain constructive on Cadence’s business, citing strong demand tied to semiconductor complexity and AI chip development. One bullish note assigned a $470 price target and pointed to 19% year-over-year revenue growth, a record $8 billion backlog, and broad-based growth across the company’s EDA and SDA segments. Article: Cadence: The Silicon Arms Race Is Just Getting Started
• Positive Sentiment: Recent coverage also highlighted Cadence as a key “picks-and-shovels” AI play, reinforcing expectations that its software tools remain essential for advanced chip design and verification. Article: Beyond NVIDIA: Picks-and-Shovels AI Plays with Strong Momentum
• Neutral Sentiment: Cadence presented at the Bank of America Global Technology Conference, which helps keep the company in focus but did not introduce major new operational guidance or earnings news. Article: Cadence Design Systems, Inc. (CDNS) Presents at Bank of America 2026 Global Technology Conference Transcript
• Negative Sentiment: Insider selling has likely weighed on sentiment, with CEO Anirudh Devgan and VP Paul Scannell both selling shares recently under pre-arranged 10b5-1 plans. While routine, these sales can still make investors cautious after the stock’s sharp run-up. Article: Insider trade details for Anirudh Devgan
• Negative Sentiment: Options activity also leaned bearish, with unusually heavy buying of put options suggesting some traders are hedging against a pullback in CDNS after recent strength. Article: Cadence Design Systems stock page
• Negative Sentiment: Several headlines said CDNS underperformed the broader market and technology sector recently, consistent with investors taking profits near its 52-week high after a strong move higher. Article: Here’s Why Cadence Design Systems (CDNS) Fell More Than Broader Market

Insider Activity at Cadence Design Systems

In other news, VP Paul Cunningham sold 1,000 shares of the stock in a transaction on Friday, May 1st. The shares were sold at an average price of $337.49, for a total transaction of $337,490.00. Following the completion of the sale, the vice president owned 127,586 shares of the company’s stock, valued at $43,058,999.14. This represents a 0.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Anirudh Devgan sold 51,887 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $370.00, for a total transaction of $19,198,190.00. Following the sale, the chief executive officer owned 303,525 shares in the company, valued at approximately $112,304,250. The trade was a 14.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 176,046 shares of company stock worth $65,830,801 over the last ninety days. 0.49% of the stock is owned by corporate insiders.

Cadence Design Systems Trading Up 1.0%

NASDAQ:CDNS opened at $411.92 on Friday. Cadence Design Systems, Inc. has a fifty-two week low of $262.75 and a fifty-two week high of $416.69. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.47 and a quick ratio of 1.32. The stock has a market capitalization of $113.61 billion, a PE ratio of 96.02, a price-to-earnings-growth ratio of 4.83 and a beta of 1.15. The business’s 50-day simple moving average is $331.27 and its 200-day simple moving average is $315.41.

Cadence Design Systems (NASDAQ:CDNS) last posted its earnings results on Monday, April 27th. The software maker reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.05. The business 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%.Cadence Design Systems’s revenue for the quarter was up 18.6% compared to the same quarter last year. During the same period in the prior year, the business 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. Sell-side analysts expect that Cadence Design Systems, Inc. will post 6.23 earnings per share for the current fiscal year.

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.