Cadence Design Systems, Inc. $CDNS Holdings Raised by Lmcg Investments LLC

Key Points

• Lmcg Investments increased its Cadence Design Systems stake by 27.5% in the third quarter, bringing its holdings to 28,412 shares valued at approximately $9.4 million. Institutional investors and hedge funds collectively own 84.85% of the company.
• Cadence shares were trading at $326.07, up 1.9%, with a market capitalization of about $89.8 billion and a high valuation of 64.83 times earnings. The stock remains below its 52-week high of $416.69.
• Analysts maintain a favorable outlook, with a consensus “Moderate Buy” rating and an average price target of $404.14. The company recently exceeded quarterly earnings expectations and reported 24.2% year-over-year revenue growth.

Lmcg Investments LLC boosted its position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) by 27.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,412 shares of the software maker's stock after purchasing an additional 6,127 shares during the period. Lmcg Investments LLC's holdings in Cadence Design Systems were worth $9,381,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Cantor Fitzgerald Investment Advisors L.P. purchased a new stake in Cadence Design Systems in the third quarter valued at $2,107,000. Crossmark Global Holdings Inc. grew its holdings in shares of Cadence Design Systems by 5.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 19,108 shares of the software maker's stock worth $6,309,000 after purchasing an additional 1,012 shares during the period. Atticus Wealth Management LLC grew its holdings in shares of Cadence Design Systems by 6.8% during the 3rd quarter. Atticus Wealth Management LLC now owns 663 shares of the software maker's stock worth $219,000 after purchasing an additional 42 shares during the period. Quadrant Capital Group LLC increased its position in shares of Cadence Design Systems by 1.0% during the 3rd quarter. Quadrant Capital Group LLC now owns 6,963 shares of the software maker's stock worth $2,327,000 after purchasing an additional 70 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of Cadence Design Systems by 24.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 607,455 shares of the software maker's stock worth $200,573,000 after purchasing an additional 117,824 shares during the last quarter. 84.85% of the stock is currently owned by institutional investors and hedge funds.

Cadence Design Systems Trading Up 1.9%

NASDAQ CDNS opened at $326.07 on Thursday. Cadence Design Systems, Inc. has a 52 week low of $262.75 and a 52 week high of $416.69. The firm has a 50 day moving average of $318.64 and a two-hundred day moving average of $340.27. The company has a quick ratio of 1.53, a current ratio of 1.74 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $89.80 billion, a PE ratio of 64.83, a price-to-earnings-growth ratio of 3.42 and a beta of 1.13.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last announced its quarterly earnings data 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 for 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 company'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. As a group, research analysts expect that Cadence Design Systems, Inc. will post 6.41 EPS for the current fiscal year.

Insiders Place Their Bets

In other Cadence Design Systems news, VP Paul Scannell sold 280 shares of Cadence Design Systems stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $339.00, for a total transaction of $94,920.00. Following the completion of the sale, the vice president directly owned 31,720 shares of the company's stock, valued at $10,753,080. The trade was a 0.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paul Cunningham sold 2,000 shares of Cadence Design Systems stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $324.13, for a total value of $648,260.00. Following the sale, the vice president directly owned 119,612 shares of the company's stock, valued at $38,769,837.56. This trade represents a 1.64% 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 8,960 shares of company stock valued at $2,834,139 in the last three months. Corporate insiders own 0.49% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Citigroup boosted their price objective on shares of Cadence Design Systems from $400.00 to $420.00 and gave the company a "buy" rating in a report on Tuesday, July 28th. Rosenblatt Securities raised their price objective on shares of Cadence Design Systems from $410.00 to $420.00 and gave the company a "buy" rating in a research note on Tuesday, July 28th. Bank of America boosted their target price on Cadence Design Systems from $400.00 to $420.00 and gave the stock a "buy" rating in a research note on Tuesday, July 28th. The Goldman Sachs Group upped their price target on Cadence Design Systems from $410.00 to $470.00 and gave the stock a "buy" rating in a report on Monday, July 13th. Finally, Robert W. Baird increased their price target on Cadence Design Systems from $415.00 to $420.00 and gave the company an "outperform" rating in a research report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $404.14.

Cadence Design Systems Company Profile

Cadence Design Systems, Inc develops computational software, hardware, and semiconductor intellectual property used to design and verify electronic systems and integrated circuits. Its electronic design automation (EDA) solutions support chip development across areas such as digital and custom IC design, functional verification, emulation, prototyping, and system analysis.

The company also provides semiconductor IP, including processor cores, interconnect technologies, memory interfaces, and other building blocks that help customers develop complex chips.

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