Robocap Asset Management Ltd Lowers Holdings in Cadence Design Systems, Inc. $CDNS

Key Points

• Robocap Asset Management cut its stake in Cadence by 45.5% in Q4, selling 7,869 shares and ending the quarter with 9,434 shares worth $2.949 million, which is about 2.6% of its portfolio and the firm's 17th-largest holding.
• Analyst sentiment is largely positive — 14 Buy vs. 3 Hold ratings with a consensus target of $380.59 — and several firms recently updated targets (e.g., KeyCorp to $425, Citigroup to $400).
• Cadence beat the quarter's estimates (EPS $1.96 vs. $1.91; revenue $1.47B, +18.6% YoY), provided FY26 guidance of $7.85–$7.95 EPS, and trades around $341 with a market cap near $94.1B.

Robocap Asset Management Ltd decreased its holdings in Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) by 45.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,434 shares of the software maker's stock after selling 7,869 shares during the quarter. Cadence Design Systems accounts for about 2.6% of Robocap Asset Management Ltd's holdings, making the stock its 17th biggest holding. Robocap Asset Management Ltd's holdings in Cadence Design Systems were worth $2,949,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Y.D. More Investments Ltd acquired a new position in shares of Cadence Design Systems in the third quarter worth $26,000. Caitlin John LLC acquired a new position in shares of Cadence Design Systems in the third quarter worth $29,000. Lodestone Wealth Management LLC acquired a new position in shares of Cadence Design Systems in the fourth quarter worth $30,000. Imprint Wealth LLC acquired a new position in shares of Cadence Design Systems in the third quarter worth $31,000. Finally, Strategic Wealth Investment Group LLC acquired a new position in shares of Cadence Design Systems in the second quarter worth $32,000. Hedge funds and other institutional investors own 84.85% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on CDNS shares. KeyCorp boosted their price target on shares of Cadence Design Systems from $405.00 to $425.00 and gave the stock an "overweight" rating in a research note on Tuesday. Stifel Nicolaus set a $395.00 price target on shares of Cadence Design Systems in a research note on Wednesday, February 18th. Citigroup boosted their price target on shares of Cadence Design Systems from $385.00 to $400.00 and gave the stock a "buy" rating in a research note on Wednesday. Robert W. Baird lifted their price target on shares of Cadence Design Systems from $381.00 to $385.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 28th. Finally, Morgan Stanley lowered their price target on shares of Cadence Design Systems from $385.00 to $370.00 and set an "overweight" rating for the company in a report on Wednesday, February 18th. Fourteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $380.59.

Cadence Design Systems Price Performance

Cadence Design Systems stock opened at $340.94 on Friday. The stock has a market cap of $94.13 billion, a P/E ratio of 79.47, a price-to-earnings-growth ratio of 4.04 and a beta of 1.13. The company has a fifty day simple moving average of $296.48 and a 200-day simple moving average of $309.17. Cadence Design Systems, Inc. has a 12-month low of $262.75 and a 12-month high of $376.45. The company has a current ratio of 1.47, a quick ratio of 2.67 and a debt-to-equity ratio of 0.38.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last released its quarterly earnings data on Monday, April 27th. The software maker reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.05. The business had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.46 billion. Cadence Design Systems had a net margin of 21.18% and a return on equity of 28.44%. The company's revenue for the quarter was up 18.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.57 EPS. Cadence Design Systems has set its FY 2026 guidance at 7.850-7.950 EPS and its Q2 2026 guidance at 2.020-2.080 EPS. Equities analysts expect that Cadence Design Systems, Inc. will post 6.22 EPS for the current fiscal year.

Insider Transactions at Cadence Design Systems

In other news, CFO John M. Wall sold 21,500 shares of the business's stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $309.45, for a total transaction of $6,653,175.00. Following the completion of the sale, the chief financial officer owned 86,875 shares in the company, valued at approximately $26,883,468.75. The trade was a 19.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 Tuesday, March 17th. The stock was sold at an average price of $295.03, for a total transaction of $53,105.40. Following the sale, the director owned 7,470 shares of the company's stock, valued at $2,203,874.10. This represents a 2.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 24,680 shares of company stock valued at $7,579,340. Insiders own 0.49% of the company's stock.

Cadence Design Systems 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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