MASTERINVEST Kapitalanlage GmbH Invests $2.39 Million in Cadence Design Systems, Inc. $CDNS

Key Points

• MASTERINVEST Kapitalanlage GmbH acquired 6,366 Cadence Design Systems shares worth approximately $2.39 million in the second quarter. Institutional investors collectively own 84.85% of the company.
• Analysts remain broadly positive, with 13 Buy ratings and three Holds; the consensus rating is “Moderate Buy” and the average price target is $405.69.
• Cadence reported quarterly EPS of $2.11, beating estimates of $2.05, while revenue rose 24.2% year over year to $1.58 billion. Meanwhile, insiders sold roughly $36.2 million of stock over the past 90 days.

MASTERINVEST Kapitalanlage GmbH bought a new stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,366 shares of the software maker's stock, valued at approximately $2,389,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Whipplewood Advisors LLC boosted its holdings in Cadence Design Systems by 933.3% in the first quarter. Whipplewood Advisors LLC now owns 93 shares of the software maker's stock valued at $26,000 after acquiring an additional 84 shares in the last quarter. Brown Lisle Cummings Inc. raised its holdings in Cadence Design Systems by 860.0% in the 1st quarter. Brown Lisle Cummings Inc. now owns 96 shares of the software maker's stock worth $27,000 after purchasing an additional 86 shares in the last quarter. University of Texas Texas AM Investment Management Co. bought a new position in Cadence Design Systems in the 4th quarter worth $28,000. Swiss RE Ltd. purchased a new stake in shares of Cadence Design Systems in the 4th quarter worth about $29,000. Finally, Avalon Trust Co purchased a new stake in shares of Cadence Design Systems in the 2nd quarter worth about $30,000. Institutional investors own 84.85% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on CDNS. Bank of America boosted their price target on shares of Cadence Design Systems from $400.00 to $420.00 and gave the company a "buy" rating in a research report on Tuesday, July 28th. Rosenblatt Securities raised their price objective on shares of Cadence Design Systems from $410.00 to $420.00 and gave the stock a "buy" rating in a report on Tuesday, July 28th. Robert W. Baird upped their target price on Cadence Design Systems from $415.00 to $420.00 and gave the stock an "outperform" rating in a report on Tuesday, July 28th. Oppenheimer reissued a "market perform" rating and issued a $300.00 target price on shares of Cadence Design Systems in a research report on Tuesday, July 28th. Finally, Piper Sandler raised their target price on Cadence Design Systems from $325.00 to $349.00 and gave the company a "neutral" rating in a research note on Tuesday, July 28th. Thirteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $405.69.

Cadence Design Systems Stock Performance

Shares of Cadence Design Systems stock opened at $347.55 on Friday. Cadence Design Systems, Inc. has a 1 year low of $262.75 and a 1 year high of $416.69. The firm's 50-day moving average is $349.11 and its 200 day moving average is $333.21. The stock has a market cap of $95.71 billion, a price-to-earnings ratio of 69.10, a PEG ratio of 3.59 and a beta of 1.15. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.74 and a quick ratio of 1.53.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last released its quarterly earnings data on Monday, July 27th. The software maker reported $2.11 earnings per share for the quarter, beating analysts' consensus estimates of $2.05 by $0.06. The business had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.58 billion. Cadence Design Systems had a net margin of 23.60% and a return on equity of 27.98%. Cadence Design Systems's revenue was up 24.2% compared to the same quarter last year. During the same period last year, the business 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. Sell-side analysts anticipate that Cadence Design Systems, Inc. will post 6.4 EPS for the current fiscal year.

Insider Activity at Cadence Design Systems

In related news, Director James D. Plummer sold 1,511 shares of the firm's stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $381.34, for a total transaction of $576,204.74. Following the completion of the sale, the director owned 23,264 shares of the company's stock, valued at $8,871,493.76. This trade represents a 6.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ita M. Brennan sold 180 shares of the business's stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $387.45, for a total transaction of $69,741.00. Following the completion of the transaction, the director owned 8,004 shares of the company's stock, valued at approximately $3,101,149.80. The trade was a 2.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 91,129 shares of company stock valued at $36,206,647 over the last ninety days. Corporate insiders own 0.49% of the company's stock.

Cadence Design Systems Company 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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