Larry Mathis Financial Planning LLC Takes $469,000 Position in Cadence Design Systems, Inc. $CDNS

Larry Mathis Financial Planning LLC acquired a new stake in Cadence Design Systems, Inc. (NASDAQ:CDNS) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 1,501 shares of the software maker’s stock, valued at approximately $469,000.

A number of other large investors have also bought and sold shares of CDNS. Y.D. More Investments Ltd acquired a new stake in Cadence Design Systems during the 3rd quarter worth approximately $26,000. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Cadence Design Systems in the fourth quarter valued at approximately $28,000. Caitlin John LLC bought a new stake in shares of Cadence Design Systems during the third quarter worth $29,000. Swiss RE Ltd. bought a new stake in shares of Cadence Design Systems during the fourth quarter worth $29,000. Finally, Lodestone Wealth Management LLC bought a new stake in shares of Cadence Design Systems during the fourth quarter worth $30,000. 84.85% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on CDNS shares. Stifel Nicolaus boosted their price objective on shares of Cadence Design Systems from $395.00 to $432.00 and gave the company a “buy” rating in a research report on Tuesday, June 9th. Piper Sandler increased their target price on Cadence Design Systems from $319.00 to $325.00 and gave the stock a “neutral” rating in a report on Tuesday, April 28th. Berenberg Bank set a $440.00 target price on Cadence Design Systems in a report on Wednesday, May 27th. Robert W. Baird lifted their price target on Cadence Design Systems from $381.00 to $385.00 and gave the company an “outperform” rating in a research note on Tuesday, April 28th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $360.00 price target on shares of Cadence Design Systems in a report on Friday, April 24th. Fourteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $386.59.

Insider Activity

In other news, Director Ita M. Brennan sold 180 shares of the stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $387.45, for a total transaction of $69,741.00. Following the completion of the transaction, the director directly owned 8,004 shares in the company, valued at $3,101,149.80. This represents a 2.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James D. Plummer sold 1,511 shares of the firm’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $381.34, for a total value of $576,204.74. Following the completion of the transaction, the director owned 23,264 shares of the company’s stock, valued at $8,871,493.76. The trade was a 6.10% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 179,557 shares of company stock worth $67,205,642. 0.49% of the stock is currently owned by company insiders.

Cadence Design Systems Price Performance

NASDAQ CDNS opened at $387.39 on Friday. The firm’s 50 day moving average is $355.14 and its 200-day moving average is $321.63. The company has a quick ratio of 1.32, a current ratio of 1.47 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $106.85 billion, a PE ratio of 90.30, a price-to-earnings-growth ratio of 4.59 and a beta of 1.15. Cadence Design Systems, Inc. has a 12-month low of $262.75 and a 12-month high of $416.69.

Cadence Design Systems (NASDAQ:CDNS) last announced its earnings results on Monday, April 27th. The software maker reported $1.96 EPS for the quarter, topping the consensus estimate 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 net margin of 21.18% and a return on equity of 28.44%. The firm’s revenue was up 18.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.57 earnings per share. 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 anticipate 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.