Cetera Investment Advisers Lowers Position in Cadence Design Systems, Inc. $CDNS

Cetera Investment Advisers trimmed its holdings in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 3.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,877 shares of the software maker’s stock after selling 1,848 shares during the period. Cetera Investment Advisers’ holdings in Cadence Design Systems were worth $16,082,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in CDNS. Alesco Advisors LLC An ESL Co bought a new position in shares of Cadence Design Systems during the first quarter valued at approximately $765,000. Fortis Capital Management LLC raised its stake in Cadence Design Systems by 4.7% in the first quarter. Fortis Capital Management LLC now owns 25,011 shares of the software maker’s stock worth $6,950,000 after buying an additional 1,128 shares in the last quarter. Temasek Holdings Private Ltd raised its stake in Cadence Design Systems by 319.5% in the first quarter. Temasek Holdings Private Ltd now owns 749,113 shares of the software maker’s stock worth $208,156,000 after buying an additional 570,537 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Cadence Design Systems by 1.3% during the first quarter. PNC Financial Services Group Inc. now owns 374,649 shares of the software maker’s stock worth $104,104,000 after buying an additional 4,932 shares during the period. Finally, Oslo Pensjonsforsikring AS purchased a new stake in Cadence Design Systems during the first quarter worth $34,000. Hedge funds and other institutional investors own 84.85% of the company’s stock.

Cadence Design Systems News Roundup

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

• Positive Sentiment: Q2 earnings beat expectations: Cadence reported adjusted earnings of $2.11 per share, above the $2.05 consensus estimate. Revenue reached $1.58 billion, up 24.2% year over year and roughly in line with expectations. Cadence Design Systems Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: AI demand lifted the outlook: Management raised its full-year 2026 guidance to approximately $6.3 billion in revenue and $8.05-$8.15 in EPS. Third-quarter EPS guidance of $2.01-$2.07 also exceeds the $1.84 analyst consensus. The company cited robust demand for AI-powered design software, high-performance computing, and broader adoption of its core tools. Cadence raises annual forecasts as demand booms for AI chip design
• Positive Sentiment: Record backlog supports visibility: Reports highlighted an $8.1 billion backlog and anticipated 19% 2026 revenue growth. Expanding partnerships and customer interest in “agentic AI” are increasing usage across Cadence’s design portfolio. Cadence signals 19 percent 2026 revenue growth
• Positive Sentiment: Analyst sentiment improved: Bank of America and Rosenblatt raised their price targets to $420 and assigned buy ratings, while Baird lifted its target to $420 and maintained an outperform rating. Needham reaffirmed its buy rating with a $400 target. Analyst rating updates
• Neutral Sentiment: Valuation remains demanding: Piper Sandler raised its target from $325 to $349 but retained a neutral rating, suggesting limited upside relative to the other analysts’ forecasts. Cadence also trades at a high earnings multiple, leaving the stock sensitive to any slowdown in AI-related spending or future guidance.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CDNS. Stifel Nicolaus lifted their price target on Cadence Design Systems from $395.00 to $432.00 and gave the company a “buy” rating in a report on Tuesday, June 9th. Bank of America upped their price objective on Cadence Design Systems from $400.00 to $420.00 and gave the stock a “buy” rating in a research note on Tuesday. Piper Sandler lifted their target price on Cadence Design Systems from $325.00 to $349.00 and gave the company a “neutral” rating in a research note on Tuesday. KeyCorp reiterated an “overweight” rating on shares of Cadence Design Systems in a report on Tuesday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Cadence Design Systems in a research report on Thursday, July 2nd. Thirteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Cadence Design Systems presently has an average rating of “Moderate Buy” and an average target price of $403.81.

Insider Transactions at Cadence Design Systems

In other Cadence Design Systems news, VP Paul Cunningham sold 2,000 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $391.00, for a total transaction of $782,000.00. Following the sale, the vice president owned 126,586 shares in the company, valued at approximately $49,495,126. The trade was a 1.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $339.00, for a total value of $3,559,500.00. Following the completion of the transaction, the vice president directly owned 33,946 shares in the company, valued at $11,507,694. This represents a 23.62% 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 sold 157,057 shares of company stock worth $60,272,277 over the last 90 days. Insiders own 0.49% of the company’s stock.

Cadence Design Systems Trading Up 1.8%

Shares of Cadence Design Systems stock opened at $344.72 on Wednesday. The company has a current ratio of 1.47, a quick ratio of 1.32 and a debt-to-equity ratio of 0.38. Cadence Design Systems, Inc. has a 12-month low of $262.75 and a 12-month high of $416.69. The firm has a market capitalization of $95.08 billion, a price-to-earnings ratio of 68.53, a PEG ratio of 4.01 and a beta of 1.15. The firm’s 50 day simple moving average is $373.90 and its two-hundred day simple moving average is $329.80.

Cadence Design Systems (NASDAQ:CDNS) last posted its quarterly earnings results on Monday, July 27th. The software maker reported $2.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.05 by $0.06. Cadence Design Systems had a net margin of 23.60% and a return on equity of 29.34%. The business had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter last year, the company posted $1.65 earnings per share. The business’s quarterly revenue was up 24.2% on a year-over-year basis. Cadence Design Systems has set its FY 2026 guidance at 8.050-8.150 EPS and its Q3 2026 guidance at 2.010-2.070 EPS. Analysts predict that Cadence Design Systems, Inc. will post 6.23 EPS for the current 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.