Concurrent Investment Advisors LLC Buys 4,936 Shares of Cadence Design Systems, Inc. $CDNS

Key Points

• Concurrent Investment Advisors boosted its Cadence stake by 313.8% in Q4, buying 4,936 shares to hold 6,509 shares worth about $2.04 million at quarter end.
• Cadence beat Q1 estimates (EPS $1.96 vs. $1.89; revenue $1.47B, +18.6% YoY), raised FY‑2026 guidance and disclosed a record $8 billion backlog, prompting analyst upgrades and a consensus "Moderate Buy" price target near $379.71.
• Company insiders have been selling (including the VP and CFO; 24,680 shares sold in the last 90 days), and reports flag near‑term risks like weaker operating cash flow, higher capex and margin pressure that could weigh on the stock despite strong results.

Concurrent Investment Advisors LLC increased its stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) by 313.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,509 shares of the software maker's stock after buying an additional 4,936 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Cadence Design Systems were worth $2,035,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Y.D. More Investments Ltd bought a new position in shares of Cadence Design Systems during the 3rd quarter worth approximately $26,000. Caitlin John LLC bought a new position in shares of Cadence Design Systems during the 3rd quarter worth approximately $29,000. Imprint Wealth LLC bought a new position in shares of Cadence Design Systems during the 3rd quarter worth approximately $31,000. Lodestone Wealth Management LLC bought a new position in shares of Cadence Design Systems during the 4th quarter worth approximately $30,000. Finally, Cloud Capital Management LLC bought a new position in shares of Cadence Design Systems during the 3rd quarter worth approximately $35,000. Institutional investors own 84.85% of the company's stock.

Key Headlines Impacting Cadence Design Systems

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

• Positive Sentiment: Beat and guide‑up — Cadence topped Q1 estimates, raised FY‑2026 revenue and EPS guidance and disclosed a record $8 billion backlog, signaling sustained AI‑chip design demand. Cadence Q1 Earnings Top Estimates, 2026 Revenue Outlook Raised
• Positive Sentiment: Product / TAM tailwind — Management launched agentic‑AI “Super Agents” and highlighted broad strength across EDA, IP and system design, reinforcing AI/HPC upside for tool demand. Zacks: Cadence Q1 Earnings Top Estimates
• Positive Sentiment: Analyst upgrades / higher targets — Multiple firms (Wells Fargo, Baird, Needham, others) raised price targets or reiterated buys after the results, signaling renewed Street confidence in the longer‑term growth outlook. These Analysts Increase Their Forecasts On Cadence
• Neutral Sentiment: Analyst commentary — Banks example: BofA and coverage pieces emphasize stronger growth after the guidance raise, but many notes call out model revisions rather than new evidence. Cadence Seen Delivering Stronger Growth After Guidance Raise, BofA Says
• Neutral Sentiment: Earnings detail & transcript — Q1 revenue grew ~19% YoY and non‑GAAP EPS beat; management provided stronger Q2/FY guidance and discussed backlog conversion on the call. Investors can review the transcript for forward color. Earnings Call Transcript
• Negative Sentiment: Sell‑the‑news / profit‑taking — Despite the beat‑and‑raise, the stock pulled back intraday, consistent with “sell‑the‑news” after a strong run-up; some investors were likely positioned for an even larger surprise. QuiverQuant: Slides Despite Q1 Beat-and-Raise
• Negative Sentiment: Near‑term financial/operational headwinds — Reports flagged weaker operating cash flow, higher capex, margin pressure and potential short‑term dilution/integration costs tied to recent M&A (Hexagon), which could weigh on near‑term sentiment. QuiverQuant: Stock Falls on Q1 Earnings
• Negative Sentiment: Insider selling and options flow — Data showed recent insider sales and elevated put buying ahead of earnings, which may amplify short‑term downside risk or signal hedging by larger holders. QuiverQuant: Insider & Options Activity

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Piper Sandler lifted their price objective on Cadence Design Systems from $319.00 to $325.00 and gave the company a "neutral" rating in a research report on Tuesday. Morgan Stanley cut their price objective on 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. Wells Fargo & Company lifted their price objective on Cadence Design Systems from $375.00 to $400.00 and gave the company an "overweight" rating in a research report on Tuesday. Stifel Nicolaus set a $395.00 price objective on Cadence Design Systems in a research report on Wednesday, February 18th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $360.00 price objective on shares of Cadence Design Systems in a research report on Friday, April 24th. Fourteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $379.71.

Insider Buying and Selling

In related news, VP Paul Cunningham sold 1,000 shares of the stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $280.19, for a total transaction of $280,190.00. Following the sale, the vice president owned 128,586 shares of the company's stock, valued at $36,028,511.34. This represents a 0.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO John M. Wall sold 21,500 shares of the firm's stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $309.45, for a total value of $6,653,175.00. Following the completion of the sale, the chief financial officer directly owned 86,875 shares in the company, valued at approximately $26,883,468.75. This represents a 19.84% 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. Insiders have sold 24,680 shares of company stock valued at $7,579,340 over the last 90 days. 0.49% of the stock is owned by corporate insiders.

Cadence Design Systems Stock Performance

Shares of Cadence Design Systems stock opened at $325.69 on Wednesday. The firm has a market cap of $89.92 billion, a price-to-earnings ratio of 75.92, a price-to-earnings-growth ratio of 4.04 and a beta of 1.04. The stock's 50-day moving average is $295.32 and its 200-day moving average is $309.04. Cadence Design Systems, Inc. has a one year low of $262.75 and a one year high of $376.45. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.86 and a quick ratio of 2.67.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last released its earnings results on Monday, April 27th. The software maker reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.07. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.45 billion. Cadence Design Systems had a return on equity of 30.26% and a net margin of 21.18%.Cadence Design Systems's revenue was up 18.6% on a year-over-year basis. During the same quarter in the prior 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. Equities analysts predict that Cadence Design Systems, Inc. will post 6.51 earnings per share for the current fiscal year.

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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