National Pension Service Raises Position in Cadence Design Systems, Inc. $CDNS

Key Points

• National Pension Service increased its Cadence Design Systems stake by 0.9% in the second quarter, owning 760,715 shares valued at approximately $285.5 million. Institutional investors collectively hold 84.85% of CDNS.
• Cadence reported quarterly earnings of $2.11 per share, beating expectations by $0.06, while revenue reached $1.58 billion and rose 24.2% year over year. The company issued fiscal 2026 EPS guidance of $8.05–$8.15.
• Analysts maintain a favorable outlook, with 13 Buy ratings and three Holds, a “Moderate Buy” consensus, and an average price target of $405.69. However, insiders sold 5,530 shares worth about $1.92 million over the past 90 days.

National Pension Service grew its holdings in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) by 0.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 760,715 shares of the software maker's stock after acquiring an additional 6,755 shares during the period. National Pension Service owned about 0.28% of Cadence Design Systems worth $285,512,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of CDNS. Pinnacle Wealth Management Advisory Group LLC raised its stake in shares of Cadence Design Systems by 22.0% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,260 shares of the software maker's stock worth $473,000 after buying an additional 227 shares during the period. NorthRock Partners LLC grew its stake in shares of Cadence Design Systems by 8.6% during the 2nd quarter. NorthRock Partners LLC now owns 1,807 shares of the software maker's stock valued at $678,000 after acquiring an additional 143 shares during the period. Integrated Wealth Concepts LLC grew its stake in shares of Cadence Design Systems by 1,447.6% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 92,099 shares of the software maker's stock valued at $34,567,000 after acquiring an additional 86,148 shares during the period. RFG Advisory LLC purchased a new stake in Cadence Design Systems in the 2nd quarter worth approximately $295,000. Finally, Baird Financial Group Inc. increased its holdings in Cadence Design Systems by 9.8% in the 2nd quarter. Baird Financial Group Inc. now owns 57,702 shares of the software maker's stock worth $21,657,000 after acquiring an additional 5,139 shares in the last quarter. 84.85% of the stock is currently owned by hedge funds and other institutional investors.

Cadence Design Systems Price Performance

Shares of NASDAQ:CDNS opened at $284.60 on Thursday. 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 firm has a fifty day moving average price of $336.28 and a 200 day moving average price of $333.89. Cadence Design Systems, Inc. has a fifty-two week low of $262.75 and a fifty-two week high of $416.69. The firm has a market cap of $78.38 billion, a price-to-earnings ratio of 56.58, a P/E/G ratio of 3.05 and a beta of 1.14.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last posted its earnings results on Monday, July 27th. The software maker reported $2.11 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.06. The company had revenue of $1.58 billion during the quarter, compared to analysts' expectations 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 quarterly revenue was up 24.2% on a year-over-year basis. During the same period last year, the company posted $1.65 earnings per share. 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. As a group, sell-side analysts expect that Cadence Design Systems, Inc. will post 6.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CDNS has been the topic of several analyst reports. Berenberg Bank set a $440.00 price target on shares of Cadence Design Systems in a report on Wednesday, May 27th. Bank of America raised their price objective 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. Weiss Ratings raised shares of Cadence Design Systems from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, July 30th. Benchmark reiterated a "buy" rating on shares of Cadence Design Systems in a research note on Tuesday, July 28th. Finally, Citigroup boosted their price objective on Cadence Design Systems from $400.00 to $420.00 and gave the company a "buy" rating in a research report on Tuesday, July 28th. Thirteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Cadence Design Systems presently has a consensus rating of "Moderate Buy" and an average target price of $405.69.

Insider Activity

In other news, VP Paul Scannell sold 280 shares of Cadence Design Systems stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $339.00, for a total value of $94,920.00. Following the sale, the vice president directly owned 31,720 shares of the company's stock, valued at approximately $10,753,080. The trade was a 0.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Albert Sangiovanni-Vincentelli sold 1,250 shares of the business's stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $320.88, for a total value of $401,100.00. Following the completion of the sale, the director owned 40,794 shares in the company, valued at $13,089,978.72. This represents a 2.97% decrease in their ownership of the stock. 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 sold a total of 5,530 shares of company stock worth $1,924,660 over the last 90 days. Corporate insiders own 0.49% of the company's stock.

About Cadence Design Systems

Cadence Design Systems, Inc is a technology company that develops electronic design automation (EDA) software, hardware and semiconductor intellectual property (IP). Its products help engineers design, verify and analyze integrated circuits, printed circuit boards and complete electronic systems.

The company offers solutions spanning digital and custom IC design, functional verification, digital and analog simulation, emulation and prototyping, system analysis, and 3D computational fluid dynamics.

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