Cadence Design Systems, Inc. $CDNS Shares Newly Purchased by WealthPlan Investment Management LLC

Key Points

• WealthPlan Investment Management purchased 83,508 Cadence Design Systems shares worth approximately $27.6 million, making CDNS about 1.3% of its portfolio. Institutional investors collectively own 84.85% of the company.
• Cadence reported quarterly earnings of $2.11 per share, beating estimates by $0.06, while revenue rose 24.2% year over year to $1.58 billion. Management guided for fiscal 2026 EPS of $8.05–$8.15.
• Analysts maintain a generally bullish view, with a “Moderate Buy” consensus and an average price target of $404.14 versus a recent share price of $321.81. Insiders, however, sold 6,960 shares worth about $2.19 million over the past three months.

WealthPlan Investment Management LLC purchased a new stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 83,508 shares of the software maker's stock, valued at approximately $27,574,000. Cadence Design Systems comprises about 1.3% of WealthPlan Investment Management LLC's portfolio, making the stock its 20th biggest holding.

A number of other large investors have also recently made changes to their positions in CDNS. Avalon Trust Co purchased a new position in shares of Cadence Design Systems during the second quarter valued at approximately $30,000. Fiduciary Financial Advisors purchased a new stake in Cadence Design Systems in the second quarter worth approximately $31,000. University of Texas Texas AM Investment Management Co. bought a new stake in Cadence Design Systems in the 4th quarter worth approximately $28,000. Arlington Trust Co LLC grew its position in Cadence Design Systems by 154.3% in the 2nd quarter. Arlington Trust Co LLC now owns 89 shares of the software maker's stock worth $33,000 after purchasing an additional 54 shares during the period. Finally, Burkett Financial Services LLC bought a new stake in Cadence Design Systems in the 3rd quarter worth approximately $30,000. 84.85% of the stock is currently owned by institutional investors.

Cadence Design Systems Stock Performance

Shares of CDNS traded down $7.65 on Thursday, reaching $321.81. The company's stock had a trading volume of 935,130 shares, compared to its average volume of 2,438,914. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.74 and a quick ratio of 1.53. The stock has a market capitalization of $88.62 billion, a P/E ratio of 64.03, a PEG ratio of 3.58 and a beta of 1.13. The stock's 50 day simple moving average is $319.53 and its two-hundred day simple moving average is $338.60. 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 - Get Free Report) last announced its earnings results on Monday, July 27th. The software maker reported $2.11 EPS for the quarter, topping analysts' consensus estimates of $2.05 by $0.06. The company had revenue of $1.58 billion for the quarter, compared to analysts' expectations of $1.58 billion. Cadence Design Systems had a return on equity of 27.98% and a net margin of 23.60%. Cadence Design Systems's revenue for the quarter was up 24.2% compared to the same quarter last year. During the same period last year, the firm 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. Research analysts forecast that Cadence Design Systems, Inc. will post 6.41 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Ita M. Brennan sold 180 shares of Cadence Design Systems stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $285.51, for a total transaction of $51,391.80. Following the transaction, the director directly owned 7,824 shares of the company's stock, valued at $2,233,830.24. The trade was a 2.25% decrease in their position. The transaction was disclosed in a 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 business's stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $277.12, for a total value of $554,240.00. Following the transaction, the vice president owned 121,793 shares of the company's stock, valued at approximately $33,751,276.16. This trade represents a 1.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 6,960 shares of company stock worth $2,185,879. Corporate insiders own 0.49% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Wall Street Zen raised Cadence Design Systems from a "hold" rating to a "buy" rating in a report on Monday. The Goldman Sachs Group raised their price target on Cadence Design Systems from $410.00 to $470.00 and gave the stock a "buy" rating in a research note on Monday, July 13th. Oppenheimer reaffirmed a "market perform" rating and issued a $300.00 price objective (up from $275.00) on shares of Cadence Design Systems in a report on Tuesday, July 28th. Rosenblatt Securities upped their price objective on Cadence Design Systems from $410.00 to $420.00 and gave the company a "buy" rating in a research report on Tuesday, July 28th. Finally, FBN Securities initiated coverage on Cadence Design Systems in a research report on Friday, September 11th. They set an "outperform" rating and a $375.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $404.14.

Cadence Design Systems Company Profile

Cadence Design Systems, Inc is a technology company that develops electronic design automation (EDA) software, hardware, and semiconductor intellectual property. Its products help engineers design, verify, analyze, and manufacture complex semiconductor chips, printed circuit boards, and electronic systems.

The company's offerings include digital and custom/analog integrated-circuit design tools, functional verification and emulation platforms, semiconductor intellectual property, and system analysis solutions.

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