Oxbow Advisors LLC Invests $3.90 Million in Cadence Design Systems, Inc. $CDNS

Key Points

• Oxbow Advisors acquired a new $3.90 million stake in Cadence Design Systems during the second quarter, purchasing 10,384 shares. Institutional investors own 84.85% of the company.
• Cadence exceeded quarterly earnings expectations, reporting $2.11 in EPS versus the $2.05 consensus estimate, while revenue rose 24.2% year over year to $1.58 billion. The company provided FY 2026 EPS guidance of $8.05–$8.15.
• Analyst sentiment remains positive, with a “Moderate Buy” consensus and an average price target of $405.69. However, insiders sold 139,486 shares worth approximately $54.3 million over the past 90 days.

Oxbow Advisors LLC acquired a new stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 10,384 shares of the software maker's stock, valued at approximately $3,897,000.

A number of other hedge funds also recently made changes to their positions in the stock. Whipplewood Advisors LLC increased its stake 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 during the last quarter. Brown Lisle Cummings Inc. lifted its stake in Cadence Design Systems by 860.0% during the first quarter. Brown Lisle Cummings Inc. now owns 96 shares of the software maker's stock worth $27,000 after purchasing an additional 86 shares during the last quarter. University of Texas Texas AM Investment Management Co. bought a new stake in Cadence Design Systems during the fourth quarter worth about $28,000. Swiss RE Ltd. purchased a new position in shares of Cadence Design Systems in the 4th quarter worth about $29,000. Finally, Avalon Trust Co purchased a new position in shares of Cadence Design Systems in the 2nd quarter worth about $30,000. 84.85% of the stock is owned by institutional investors.

Cadence Design Systems Price Performance

Shares of Cadence Design Systems stock opened at $316.52 on Wednesday. The firm has a market cap of $87.17 billion, a PE ratio of 62.93, a price-to-earnings-growth ratio of 3.49 and a beta of 1.15. Cadence Design Systems, Inc. has a 12-month low of $262.75 and a 12-month high of $416.69. The company has a quick ratio of 1.53, a current ratio of 1.74 and a debt-to-equity ratio of 0.36. The company's fifty day simple moving average is $357.82 and its two-hundred day simple moving average is $331.13.

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

Insider Activity at Cadence Design Systems

In other news, VP Paul Scannell sold 7,081 shares of the business's stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $393.91, for a total transaction of $2,789,276.71. Following the transaction, the vice president directly owned 32,181 shares of the company's stock, valued at approximately $12,676,417.71. The trade was a 18.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Anirudh Devgan sold 51,887 shares of the company's stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $370.00, for a total value of $19,198,190.00. Following the transaction, the chief executive officer owned 303,525 shares of the company's stock, valued at approximately $112,304,250. This represents a 14.60% 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 139,486 shares of company stock worth $54,262,177 over the last 90 days. 0.49% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CDNS has been the topic of a number of research reports. Wall Street Zen raised Cadence Design Systems from a "hold" rating to a "buy" rating in a report on Saturday, August 1st. Weiss Ratings raised Cadence Design Systems from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, July 30th. Stifel Nicolaus increased their price target on shares of Cadence Design Systems from $395.00 to $432.00 and gave the company a "buy" rating in a research report on Tuesday, June 9th. Wells Fargo & Company lifted their price target on shares of Cadence Design Systems from $400.00 to $425.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 26th. Finally, Morgan Stanley restated an "overweight" rating and issued a $400.00 price objective on shares of Cadence Design Systems in a report on Wednesday, July 29th. Thirteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $405.69.

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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