Cadence Design Systems, Inc. $CDNS Shares Sold by GC Wealth Management RIA LLC

Key Points

• GC Wealth Management RIA LLC cut its stake in Cadence by 75% in Q4, selling 3,451 shares and leaving 1,148 shares valued at $359,000.
• Company insiders have sold a total of 24,680 shares (~$7.58M) in the last 90 days, including CFO John M. Wall's 21,500-share sale (~$6.65M) executed under a pre-arranged Rule 10b5-1 plan; insiders now own 0.49% of the stock.
• Cadence beat quarterly estimates with Q1 EPS $1.96 (vs. $1.91 est.) and $1.47B revenue (vs. $1.46B), set FY2026 guidance of $7.85–$7.95 EPS, and carries a consensus analyst rating of "Moderate Buy" with a $380.59 price target.

GC Wealth Management RIA LLC reduced its position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) by 75.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,148 shares of the software maker's stock after selling 3,451 shares during the period. GC Wealth Management RIA LLC's holdings in Cadence Design Systems were worth $359,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Occidental Asset Management LLC increased its position in shares of Cadence Design Systems by 2.3% during the third quarter. Occidental Asset Management LLC now owns 1,321 shares of the software maker's stock valued at $464,000 after acquiring an additional 30 shares during the last quarter. Whittier Trust Co. increased its position in shares of Cadence Design Systems by 0.4% during the third quarter. Whittier Trust Co. now owns 7,072 shares of the software maker's stock valued at $2,456,000 after acquiring an additional 30 shares during the last quarter. Cornerstone Wealth Group LLC increased its position in shares of Cadence Design Systems by 4.3% during the third quarter. Cornerstone Wealth Group LLC now owns 777 shares of the software maker's stock valued at $273,000 after acquiring an additional 32 shares during the last quarter. Spirepoint Private Client LLC increased its position in shares of Cadence Design Systems by 4.6% during the fourth quarter. Spirepoint Private Client LLC now owns 722 shares of the software maker's stock valued at $226,000 after acquiring an additional 32 shares during the last quarter. Finally, Kathmere Capital Management LLC increased its position in shares of Cadence Design Systems by 1.4% during the third quarter. Kathmere Capital Management LLC now owns 2,336 shares of the software maker's stock valued at $821,000 after acquiring an additional 33 shares during the last quarter. 84.85% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Ita M. Brennan sold 180 shares of the company's stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $295.03, for a total transaction of $53,105.40. Following the sale, the director directly owned 7,470 shares of the company's stock, valued at $2,203,874.10. This represents a 2.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO John M. Wall sold 21,500 shares of Cadence Design Systems stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $309.45, for a total transaction of $6,653,175.00. Following the completion of the transaction, the chief financial officer owned 86,875 shares of the company's stock, valued at $26,883,468.75. This represents a 19.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 24,680 shares of company stock valued at $7,579,340 in the last ninety days. Company insiders own 0.49% of the company's stock.

Cadence Design Systems Price Performance

Shares of CDNS opened at $340.94 on Friday. Cadence Design Systems, Inc. has a fifty-two week low of $262.75 and a fifty-two week high of $376.45. The firm's 50 day moving average price is $296.48 and its 200 day moving average price is $309.33. The company has a market cap of $94.13 billion, a P/E ratio of 79.47, a PEG ratio of 3.91 and a beta of 1.13. The company has a quick ratio of 2.67, a current ratio of 1.47 and a debt-to-equity ratio of 0.38.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last announced its earnings results on Monday, April 27th. The software maker reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.05. Cadence Design Systems had a net margin of 21.18% and a return on equity of 28.44%. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the prior year, the firm earned $1.57 EPS. The firm's revenue for the quarter was up 18.6% on a year-over-year basis. 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. On average, research analysts forecast that Cadence Design Systems, Inc. will post 6.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. KeyCorp lifted their price target on shares of Cadence Design Systems from $405.00 to $425.00 and gave the company an "overweight" rating in a research report on Tuesday. Morgan Stanley dropped their price target on shares of Cadence Design Systems from $385.00 to $370.00 and set an "overweight" rating for the company in a research report on Wednesday, February 18th. Piper Sandler lifted their price target on shares of Cadence Design Systems from $319.00 to $325.00 and gave the company a "neutral" rating in a research report on Tuesday. Stifel Nicolaus set a $395.00 price target on shares of Cadence Design Systems in a research report on Wednesday, February 18th. Finally, Wells Fargo & Company lifted their price target on shares of Cadence Design Systems from $375.00 to $400.00 and gave the company an "overweight" rating in a research report on Tuesday. Fourteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Cadence Design Systems currently has a consensus rating of "Moderate Buy" and a consensus price target of $380.59.

Cadence Design Systems 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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