Cadence Design Systems, Inc. $CDNS Stock Purchased by Wedmont Private Capital

Key Points

• Wedmont Private Capital increased its Cadence Design Systems stake by 211.5% in the third quarter, bringing its holdings to 30,119 shares valued at approximately $9.95 million. Institutional investors and hedge funds collectively own 84.85% of CDNS.
• Cadence reported quarterly EPS of $2.11, exceeding estimates of $2.05, while revenue rose 24.2% year over year to $1.58 billion. The company issued fiscal 2026 EPS guidance of $8.05–$8.15.
• Analysts maintain a generally positive outlook, with CDNS carrying a “Moderate Buy” consensus rating and an average price target of $405.06, compared with a recent share price of $351.82. Insiders, however, sold 6,960 shares worth about $2.19 million over the past 90 days.

Wedmont Private Capital boosted its holdings in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) by 211.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,119 shares of the software maker's stock after purchasing an additional 20,450 shares during the quarter. Wedmont Private Capital's holdings in Cadence Design Systems were worth $9,945,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Avalon Trust Co acquired a new position in shares of Cadence Design Systems during the 2nd quarter worth approximately $30,000. Fiduciary Financial Advisors acquired a new stake in Cadence Design Systems in the 2nd quarter valued at $31,000. University of Texas Texas AM Investment Management Co. purchased a new stake in Cadence Design Systems in the 4th quarter worth $28,000. Arlington Trust Co LLC raised its position in Cadence Design Systems by 154.3% during the second quarter. Arlington Trust Co LLC now owns 89 shares of the software maker's stock worth $33,000 after acquiring an additional 54 shares during the period. Finally, Burkett Financial Services LLC acquired a new position in Cadence Design Systems during the third quarter worth $30,000. 84.85% of the stock is owned by institutional investors and hedge funds.

Cadence Design Systems Price Performance

Shares of NASDAQ:CDNS traded up $2.98 during midday trading on Friday, hitting $351.82. The company's stock had a trading volume of 444,552 shares, compared to its average volume of 2,446,450. The business's 50 day simple moving average is $319.31 and its 200 day simple moving average is $337.01. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.53 and a current ratio of 1.74. The company has a market cap of $96.89 billion, a P/E ratio of 69.96, a price-to-earnings-growth ratio of 3.81 and a beta of 1.13. 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 quarterly earnings data on Monday, July 27th. The software maker reported $2.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.06. Cadence Design Systems had a net margin of 23.60% and a return on equity of 27.98%. The company had revenue of $1.58 billion during the quarter, compared to analysts' expectations of $1.58 billion. During the same quarter in the prior year, the company earned $1.65 EPS. Cadence Design Systems's revenue was up 24.2% compared to the same quarter last year. 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, analysts forecast that Cadence Design Systems, Inc. will post 6.41 EPS for the current year.

Insider Buying and Selling

In related news, VP Paul Cunningham sold 2,000 shares of the stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $277.12, for a total value of $554,240.00. Following the completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ita Brennan sold 180 shares of Cadence Design Systems stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $285.51, for a total value of $51,391.80. Following the transaction, the director owned 7,824 shares in the company, valued at approximately $2,233,830.24. The trade was a 2.25% 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 6,960 shares of company stock valued at $2,185,879 over the last ninety days. 0.49% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CDNS has been the topic of several research analyst reports. Morgan Stanley reiterated an "overweight" rating and issued a $400.00 target price on shares of Cadence Design Systems in a research report on Wednesday, July 29th. Weiss Ratings lowered shares of Cadence Design Systems from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday, September 25th. Bank of America lifted their price objective on Cadence Design Systems from $400.00 to $420.00 and gave the stock a "buy" rating in a report on Tuesday, July 28th. Piper Sandler increased their target price on Cadence Design Systems from $325.00 to $349.00 and gave the company a "neutral" rating in a report on Tuesday, July 28th. Finally, Rosenblatt Securities raised their target price 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. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $405.06.

About Cadence Design Systems

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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