Price T Rowe Associates Inc. MD Has $472.80 Million Stock Holdings in Cadence Design Systems, Inc. $CDNS

Key Points

• Price T Rowe Associates Inc. MD has reduced its stake in Cadence Design Systems by 36.7%, selling over 1 million shares and now holding approximately 1.86 million shares valued at $472.8 million.
• Cadence Design Systems recently beat earnings expectations for Q2 2025, reporting $1.65 EPS on revenues of $1.28 billion, representing a 20.2% increase compared to last year.
• Analysts have positively revised their target prices for Cadence Design Systems, with KeyCorp increasing theirs from $358 to $405 and multiple firms now rating the stock as a "Moderate Buy."

Price T Rowe Associates Inc. MD lowered its position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) by 36.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,859,000 shares of the software maker's stock after selling 1,078,675 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.68% of Cadence Design Systems worth $472,800,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Banco BTG Pactual S.A. acquired a new position in Cadence Design Systems during the first quarter valued at approximately $1,182,000. T. Rowe Price Investment Management Inc. bought a new position in Cadence Design Systems in the first quarter valued at approximately $11,578,000. Capital Analysts LLC lifted its stake in Cadence Design Systems by 46.2% in the first quarter. Capital Analysts LLC now owns 1,488 shares of the software maker's stock valued at $378,000 after buying an additional 470 shares in the last quarter. Erste Asset Management GmbH lifted its stake in Cadence Design Systems by 0.8% in the first quarter. Erste Asset Management GmbH now owns 41,069 shares of the software maker's stock valued at $10,541,000 after buying an additional 331 shares in the last quarter. Finally, HMS Capital Management LLC lifted its stake in Cadence Design Systems by 6.2% in the first quarter. HMS Capital Management LLC now owns 4,696 shares of the software maker's stock valued at $1,098,000 after buying an additional 274 shares in the last quarter. Institutional investors and hedge funds own 84.85% of the company's stock.

Cadence Design Systems Stock Performance

NASDAQ CDNS traded down $1.16 on Tuesday, hitting $344.03. 1,718,578 shares of the stock were exchanged, compared to its average volume of 2,028,734. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.82 and a quick ratio of 2.67. The business's fifty day moving average is $331.14 and its 200 day moving average is $296.38. Cadence Design Systems, Inc. has a 52 week low of $221.56 and a 52 week high of $376.45. The company has a market capitalization of $93.74 billion, a PE ratio of 92.98, a P/E/G ratio of 4.59 and a beta of 0.97.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The software maker reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.09. Cadence Design Systems had a net margin of 19.88% and a return on equity of 29.65%. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period in the prior year, the firm posted $1.28 earnings per share. The company's quarterly revenue was up 20.2% compared to the same quarter last year. Cadence Design Systems has set its Q3 2025 guidance at 1.750-1.810 EPS. FY 2025 guidance at 6.850-6.950 EPS. Research analysts anticipate that Cadence Design Systems, Inc. will post 5.41 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CDNS. Berenberg Bank set a $400.00 price target on shares of Cadence Design Systems in a research note on Wednesday, July 30th. KeyCorp lifted their price target on shares of Cadence Design Systems from $358.00 to $405.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. The Goldman Sachs Group assumed coverage on shares of Cadence Design Systems in a research note on Thursday, July 10th. They issued a "buy" rating and a $380.00 price target on the stock. Wall Street Zen upgraded shares of Cadence Design Systems from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Piper Sandler restated a "neutral" rating and set a $355.00 target price (up previously from $328.00) on shares of Cadence Design Systems in a report on Tuesday, July 29th. Twelve equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Cadence Design Systems currently has a consensus rating of "Moderate Buy" and a consensus target price of $364.33.

Insider Buying and Selling at Cadence Design Systems

In other news, VP Paul Cunningham sold 1,000 shares of the firm's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $358.72, for a total transaction of $358,720.00. Following the completion of the sale, the vice president owned 104,499 shares in the company, valued at approximately $37,485,881.28. This trade represents a 0.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Ita M. Brennan sold 180 shares of the firm's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $304.00, for a total transaction of $54,720.00. Following the sale, the director owned 8,010 shares of the company's stock, valued at approximately $2,435,040. This represents a 2.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,830 shares of company stock worth $1,207,671 over the last ninety days. Insiders own 0.37% of the company's stock.

Cadence Design Systems Profile

Cadence Design Systems, Inc provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification.