Cibc World Market Inc. Purchases 25,114 Shares of Cadence Design Systems, Inc. $CDNS

Key Points

• Cibc World Market Inc. increased its Cadence Design Systems stake by 179.1% in the fourth quarter, buying 25,114 additional shares and bringing its total holdings to 39,135 shares worth about $12.2 million.
• Cadence Design Systems reported stronger-than-expected quarterly results, with earnings per share of $1.96 and revenue of $1.47 billion, and also raised guidance for FY 2026 and Q2 2026.
• The stock was down 8.6% despite the solid fundamentals, while analysts remain broadly positive with 14 Buy ratings, three Hold ratings, and a consensus price target of $384.41.

Cibc World Market Inc. lifted its position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) by 179.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,135 shares of the software maker's stock after acquiring an additional 25,114 shares during the period. Cibc World Market Inc.'s holdings in Cadence Design Systems were worth $12,233,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sun Financial Inc bought a new stake in shares of Cadence Design Systems during the fourth quarter valued at approximately $1,225,000. MUFG Securities EMEA plc increased its position in shares of Cadence Design Systems by 113.9% during the fourth quarter. MUFG Securities EMEA plc now owns 11,159 shares of the software maker's stock valued at $3,488,000 after acquiring an additional 5,943 shares in the last quarter. DDD Partners LLC boosted its holdings in Cadence Design Systems by 27.4% in the fourth quarter. DDD Partners LLC now owns 41,968 shares of the software maker's stock worth $13,118,000 after purchasing an additional 9,024 shares during the last quarter. Leonteq Securities AG purchased a new stake in Cadence Design Systems in the fourth quarter worth approximately $1,105,000. Finally, Jones Financial Companies Lllp boosted its holdings in Cadence Design Systems by 28.4% in the third quarter. Jones Financial Companies Lllp now owns 8,044 shares of the software maker's stock worth $2,816,000 after purchasing an additional 1,779 shares during the last quarter. Institutional investors own 84.85% of the company's stock.

Cadence Design Systems Trading Down 8.6%

Shares of Cadence Design Systems stock opened at $376.19 on Friday. The company's fifty day simple moving average is $333.17 and its 200-day simple moving average is $315.83. The stock has a market capitalization of $103.76 billion, a PE ratio of 87.69, a P/E/G ratio of 4.45 and a beta of 1.15. Cadence Design Systems, Inc. has a 1-year low of $262.75 and a 1-year high of $416.69. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.47 and a quick ratio of 1.32.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last issued its quarterly 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. The business had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.46 billion. Cadence Design Systems had a net margin of 21.18% and a return on equity of 28.44%. The company's revenue was up 18.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.57 EPS. 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. As a group, equities analysts anticipate that Cadence Design Systems, Inc. will post 6.23 earnings per share for the current year.

Insider Buying and Selling at Cadence Design Systems

In other news, VP Paul Cunningham sold 1,000 shares of Cadence Design Systems stock in a transaction on Friday, May 1st. The shares were sold at an average price of $337.49, for a total transaction of $337,490.00. Following the transaction, the vice president owned 127,586 shares in the company, valued at $43,058,999.14. This trade represents a 0.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paul Scannell sold 10,500 shares of Cadence Design Systems stock in a transaction on Friday, May 1st. The stock was sold at an average price of $339.00, for a total transaction of $3,559,500.00. Following the transaction, the vice president owned 33,946 shares in the company, valued at $11,507,694. This represents a 23.62% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 176,046 shares of company stock worth $65,830,801. 0.49% of the stock is owned by insiders.

Key Cadence Design Systems News

Here are the key news stories impacting Cadence Design Systems this week:

• Positive Sentiment: Cadence is still being viewed favorably by analysts, with reports highlighting its strong position in EDA software, AI-driven workflows, and expanding system design offerings. One recent bullish note called it a long-term winner in the AI and semiconductor “arms race,” citing 19% Q1 revenue growth, a record $8 billion backlog, and a $470 price target. Article: Cadence: The Silicon Arms Race Is Just Getting Started
• Positive Sentiment: Cadence signed a licensing deal with Aeva to use Tensilica Vision DSP technology in next-generation 4D LiDAR systems, extending CDNS’s reach into AI sensing hardware and adding another growth angle beyond core chip-design software. Article: Cadence Aeva LiDAR Deal Extends AI Sensing Role For Investors
• Neutral Sentiment: Cadence remains a heavily watched stock among investors, which may be drawing attention ahead of any future catalysts, but the “trending” coverage itself does not change fundamentals. Article: Is Trending Stock Cadence Design Systems, Inc. (CDNS) a Buy Now?
• Neutral Sentiment: The company’s recent conference appearance kept Cadence in front of investors, but it did not include a major new financial update, so the impact on the stock is likely limited. Article: Cadence Design Systems, Inc. Presents at Bank of America 2026 Global Technology Conference Transcript
• Negative Sentiment: Recent insider selling by CEO Anirudh Devgan and VP Paul Scannell may be weighing on sentiment, even though the trades were made under pre-arranged 10b5-1 plans. Article: Insider trade details for Anirudh Devgan
• Negative Sentiment: Unusual put-option trading and headlines noting CDNS underperformed the broader market suggest some investors are positioning for more downside or taking profits after the stock’s strong move higher. Article: Here's Why Cadence Design Systems (CDNS) Fell More Than Broader Market

Analysts Set New Price Targets

CDNS has been the topic of several research reports. KeyCorp raised their target price on shares of Cadence Design Systems from $405.00 to $425.00 and gave the stock an "overweight" rating in a report on Tuesday, April 28th. Berenberg Bank set a $440.00 target price on shares of Cadence Design Systems in a report on Wednesday, May 27th. Wells Fargo & Company raised their target price on shares of Cadence Design Systems from $400.00 to $425.00 and gave the stock an "overweight" rating in a report on Tuesday, May 26th. Citigroup raised their target price on shares of Cadence Design Systems from $385.00 to $400.00 and gave the stock a "buy" rating in a report on Wednesday, April 29th. Finally, Needham & Company LLC restated a "buy" rating and issued a $400.00 target price on shares of Cadence Design Systems in a report on Tuesday, April 28th. Fourteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $384.41.

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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