17,084 Shares in Cadence Design Systems, Inc. $CDNS Acquired by E Fund Management Co. Ltd.

Key Points

• E Fund Management acquired 17,084 Cadence Design Systems shares worth approximately $6.4 million in the second quarter. Institutional investors collectively own 84.85% of CDNS stock.
• Cadence reported quarterly EPS of $2.11, exceeding estimates of $2.05, while revenue reached $1.58 billion, up 24.2% year over year. The company issued fiscal 2026 EPS guidance of $8.05–$8.15.
• Analysts maintain a favorable outlook, with a consensus rating of “Moderate Buy” and an average price target of $405.69, although insiders sold about $54.9 million of stock over the past 90 days.

E Fund Management Co. Ltd. purchased a new position in Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 17,084 shares of the software maker's stock, valued at approximately $6,412,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Whipplewood Advisors LLC raised its position in shares of Cadence Design Systems by 933.3% in the first quarter. Whipplewood Advisors LLC now owns 93 shares of the software maker's stock valued at $26,000 after buying an additional 84 shares during the last quarter. Brown Lisle Cummings Inc. boosted its position in Cadence Design Systems by 860.0% during the first quarter. Brown Lisle Cummings Inc. now owns 96 shares of the software maker's stock worth $27,000 after acquiring an additional 86 shares during the last quarter. University of Texas Texas AM Investment Management Co. purchased a new stake in Cadence Design Systems in the 4th quarter worth approximately $28,000. Swiss RE Ltd. purchased a new stake in Cadence Design Systems in the 4th quarter worth approximately $29,000. Finally, Avalon Trust Co acquired a new position in Cadence Design Systems in the 2nd quarter valued at $30,000. 84.85% of the stock is currently owned by hedge funds and other institutional investors.

Cadence Design Systems Price Performance

CDNS stock opened at $314.98 on Thursday. The firm has a market cap of $86.74 billion, a P/E ratio of 62.62, a price-to-earnings-growth ratio of 3.40 and a beta of 1.15. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.53 and a current ratio of 1.74. Cadence Design Systems, Inc. has a 1 year low of $262.75 and a 1 year high of $416.69. The stock has a 50-day simple moving average of $356.42 and a 200-day simple moving average of $331.22.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last released its quarterly earnings results on Monday, July 27th. The software maker reported $2.11 earnings per share for the quarter, beating analysts' consensus estimates of $2.05 by $0.06. The business had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.58 billion. Cadence Design Systems had a net margin of 23.60% and a return on equity of 27.98%. The business's revenue was up 24.2% on a year-over-year basis. During the same period last year, the business earned $1.65 EPS. 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. On average, equities analysts predict that Cadence Design Systems, Inc. will post 6.4 earnings per share for the current fiscal year.

Insider Activity at Cadence Design Systems

In other Cadence Design Systems news, VP Paul Scannell sold 7,081 shares of Cadence Design Systems stock in a transaction on Monday, June 1st. The stock was sold at an average price of $393.91, for a total transaction of $2,789,276.71. Following the sale, the vice president owned 32,181 shares of the company's stock, valued at $12,676,417.71. The trade was a 18.04% decrease in their position. 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, VP Paul Cunningham sold 2,000 shares of the company's stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $323.32, for a total transaction of $646,640.00. Following the completion of the sale, the vice president directly owned 124,586 shares of the company's stock, valued at approximately $40,281,145.52. This represents a 1.58% 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 141,486 shares of company stock valued at $54,908,817 in the last ninety days. 0.49% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. KeyCorp reiterated an "overweight" rating on shares of Cadence Design Systems in a research report on Tuesday, July 28th. Weiss Ratings upgraded Cadence Design Systems from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, July 30th. Berenberg Bank set a $440.00 price objective on shares of Cadence Design Systems in a research note on Wednesday, May 27th. Needham & Company LLC reiterated a "buy" rating and set a $400.00 price objective on shares of Cadence Design Systems in a report on Tuesday, July 28th. Finally, Wall Street Zen raised shares of Cadence Design Systems from a "hold" rating to a "buy" rating in a research report on Saturday, August 1st. Thirteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $405.69.

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.

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