Osmosis Investment Management UK Ltd Purchases New Shares in Cadence Design Systems, Inc. $CDNS

Key Points

• Osmosis Investment Management UK Ltd acquired 13,957 Cadence Design Systems shares worth approximately $5.24 million in the second quarter. Institutional investors collectively own 84.85% of CDNS.
• Analysts maintain a favorable outlook, with 13 Buy ratings and three Holds, producing a consensus “Moderate Buy” rating and an average price target of $405.69.
• Cadence reported second-quarter EPS of $2.11, exceeding estimates of $2.05, while revenue rose 24.2% year over year to $1.58 billion. Insiders have sold roughly $35.7 million of stock over the past 90 days.

Osmosis Investment Management UK Ltd acquired a new position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 13,957 shares of the software maker's stock, valued at approximately $5,238,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Sanctuary Advisors LLC acquired a new stake in Cadence Design Systems in the 2nd quarter worth about $6,612,000. Saranac Partners Ltd bought a new stake in Cadence Design Systems in the 2nd quarter valued at about $4,629,000. E20 Capital Ltd bought a new position in shares of Cadence Design Systems during the second quarter worth approximately $39,308,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Cadence Design Systems during the second quarter worth approximately $54,323,000. Finally, Meiji Yasuda Asset Management Co Ltd. acquired a new stake in shares of Cadence Design Systems in the second quarter valued at approximately $548,000. Institutional investors and hedge funds own 84.85% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on CDNS. Piper Sandler boosted their price target 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. Benchmark restated a "buy" rating on shares of Cadence Design Systems in a research note on Tuesday, July 28th. Citigroup lifted their price objective on Cadence Design Systems from $400.00 to $420.00 and gave the company a "buy" rating in a report on Tuesday, July 28th. Weiss Ratings upgraded Cadence Design Systems from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, July 30th. Finally, Stifel Nicolaus increased their target price on Cadence Design Systems from $395.00 to $432.00 and gave the stock a "buy" rating in a report on Tuesday, June 9th. Thirteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $405.69.

Cadence Design Systems Stock Performance

Shares of CDNS stock opened at $319.02 on Monday. Cadence Design Systems, Inc. has a fifty-two week low of $262.75 and a fifty-two week high of $416.69. The stock's fifty day moving average price is $353.70 and its two-hundred day moving average price is $331.55. 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 $87.85 billion, a PE ratio of 63.42, a P/E/G ratio of 3.42 and a beta of 1.15.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last posted its quarterly earnings results on Monday, July 27th. The software maker reported $2.11 EPS for the quarter, topping analysts' consensus estimates of $2.05 by $0.06. Cadence Design Systems had a return on equity of 27.98% and a net margin of 23.60%.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 previous year, the firm earned $1.65 EPS. Cadence Design Systems's revenue was up 24.2% on a year-over-year basis. 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. Equities analysts predict that Cadence Design Systems, Inc. will post 6.4 EPS for the current fiscal year.

Insider Transactions at Cadence Design Systems

In other Cadence Design Systems news, Director Ita M. Brennan sold 180 shares of the business's stock in a transaction dated 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Anirudh Devgan sold 51,822 shares of the stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $395.00, for a total transaction of $20,469,690.00. Following the completion of the transaction, the chief executive officer directly owned 278,524 shares of the company's stock, valued at $110,016,980. This trade represents a 15.69% 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 90 days, insiders have sold 89,599 shares of company stock valued at $35,710,627. Company insiders own 0.49% of the company's stock.

About Cadence Design Systems

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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