Cadence Design Systems, Inc. $CDNS Shares Bought by Jefferies Financial Group Inc.

Key Points

• Jefferies Financial Group dramatically increased its stake in Cadence Design Systems by 9,143.9% in the fourth quarter, ending with 5,269 shares valued at about $1.65 million.
• Cadence reported stronger-than-expected quarterly results, with EPS of $1.96 and revenue of $1.47 billion, while revenue rose 18.6% year over year. The company also provided FY2026 guidance of 7.85 to 7.95 EPS.
• Despite recent insider selling, Wall Street remains largely positive on CDNS, with 14 Buy ratings, 3 Hold ratings, and a consensus price target of $384.41.

Jefferies Financial Group Inc. boosted its stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) by 9,143.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,269 shares of the software maker's stock after purchasing an additional 5,212 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Cadence Design Systems were worth $1,647,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. MQS Management LLC purchased a new stake in Cadence Design Systems during the 4th quarter worth about $667,000. EverSource Wealth Advisors LLC grew its holdings in Cadence Design Systems by 16.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,791 shares of the software maker's stock worth $560,000 after acquiring an additional 258 shares in the last quarter. Keudell Morrison Wealth Management acquired a new position in Cadence Design Systems during the 4th quarter worth approximately $344,000. Ignite Planners LLC grew its holdings in Cadence Design Systems by 16.9% during the 4th quarter. Ignite Planners LLC now owns 941 shares of the software maker's stock worth $279,000 after acquiring an additional 136 shares in the last quarter. Finally, Global Retirement Partners LLC grew its holdings in Cadence Design Systems by 336.3% during the 4th quarter. Global Retirement Partners LLC now owns 10,563 shares of the software maker's stock worth $3,302,000 after acquiring an additional 8,142 shares in the last quarter. Hedge funds and other institutional investors own 84.85% of the company's stock.

Insiders Place Their Bets

In other news, VP Paul Cunningham sold 1,000 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $337.49, for a total value of $337,490.00. Following the completion of the sale, the vice president directly owned 127,586 shares of the company's stock, valued at approximately $43,058,999.14. This represents a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ita M. Brennan sold 180 shares of the stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $295.03, for a total value of $53,105.40. Following the completion of the sale, the director directly owned 7,470 shares of the company's stock, valued at $2,203,874.10. The trade was a 2.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 93,138 shares of company stock valued at $32,492,540. 0.49% of the stock is owned by insiders.

Cadence Design Systems Stock Performance

Shares of CDNS stock opened at $374.05 on Thursday. The stock's 50-day moving average is $317.92 and its two-hundred day moving average is $312.02. The firm has a market cap of $103.17 billion, a price-to-earnings ratio of 87.19, a PEG ratio of 4.52 and a beta of 1.13. Cadence Design Systems, Inc. has a 1 year low of $262.75 and a 1 year high of $383.80. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.32 and a current ratio of 1.47.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last issued its quarterly earnings data on Monday, April 27th. The software maker reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.05. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.46 billion. Cadence Design Systems had a return on equity of 28.44% and a net margin of 21.18%.The business's quarterly revenue was up 18.6% compared to the same quarter last year. During the same quarter last 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. Analysts predict that Cadence Design Systems, Inc. will post 6.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on CDNS. Piper Sandler boosted their price target on shares of Cadence Design Systems from $319.00 to $325.00 and gave the stock a "neutral" rating in a report on Tuesday, April 28th. Needham & Company LLC reiterated a "buy" rating and set a $400.00 price target on shares of Cadence Design Systems in a report on Tuesday, April 28th. Morgan Stanley decreased their price target on Cadence Design Systems from $385.00 to $370.00 and set an "overweight" rating for the company in a report on Wednesday, February 18th. Citigroup lifted their price target on Cadence Design Systems from $385.00 to $400.00 and gave the stock a "buy" rating in a report on Wednesday, April 29th. Finally, Stifel Nicolaus set a $395.00 price target on Cadence Design Systems in a report on Wednesday, February 18th. Fourteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $384.41.

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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