Spire Wealth Management Cuts Holdings in Cadence Design Systems, Inc. $CDNS

Key Points

• Spire Wealth Management trimmed its stake in Cadence by 64.5% in Q4, selling 11,320 shares and leaving it with 6,224 shares worth about $1.946 million.
• Cadence beat Q4 estimates with EPS of $1.99 (vs. $1.91 est.) and revenue of $1.44 billion (up 6.2% YoY), and set Q1 2026 guidance of 1.890–1.950 EPS and FY2026 guidance of 8.050–8.150 EPS.
• Institutional investors own about 84.85% of the stock while insiders have sold roughly 3,185 shares (~$963k) in the past three months; analysts' consensus is a Moderate Buy with an average price target of $376.50.

Spire Wealth Management trimmed its position in Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) by 64.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 6,224 shares of the software maker's stock after selling 11,320 shares during the period. Spire Wealth Management's holdings in Cadence Design Systems were worth $1,946,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. Y.D. More Investments Ltd bought a new position in shares of Cadence Design Systems in the third quarter valued at approximately $26,000. Caitlin John LLC bought a new stake in Cadence Design Systems during the third quarter worth $29,000. Imprint Wealth LLC bought a new stake in Cadence Design Systems during the third quarter worth $31,000. Strategic Wealth Investment Group LLC purchased a new position in Cadence Design Systems in the second quarter worth $32,000. Finally, Promus Capital LLC purchased a new position in Cadence Design Systems in the second quarter worth $33,000. Institutional investors own 84.85% of the company's stock.

Cadence Design Systems Stock Down 0.3%

Cadence Design Systems stock opened at $270.88 on Tuesday. Cadence Design Systems, Inc. has a 1-year low of $221.56 and a 1-year high of $376.45. The firm has a market capitalization of $74.79 billion, a price-to-earnings ratio of 66.72, a P/E/G ratio of 3.27 and a beta of 1.00. The company has a current ratio of 2.86, a quick ratio of 2.67 and a debt-to-equity ratio of 0.45. The firm has a 50 day simple moving average of $294.53 and a 200 day simple moving average of $316.79.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last posted its earnings results on Tuesday, February 17th. The software maker reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.08. Cadence Design Systems had a return on equity of 29.34% and a net margin of 20.93%.The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the prior year, the business posted $1.88 earnings per share. The business's quarterly revenue was up 6.2% on a year-over-year basis. Cadence Design Systems has set its Q1 2026 guidance at 1.890-1.950 EPS and its FY 2026 guidance at 8.050-8.150 EPS. On average, analysts predict that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current year.

Analyst Ratings Changes

CDNS has been the subject of several research analyst reports. Stifel Nicolaus set a $395.00 target price on Cadence Design Systems in a research report on Wednesday, February 18th. Piper Sandler cut their price target on shares of Cadence Design Systems from $355.00 to $319.00 and set a "neutral" rating on the stock in a report on Wednesday, February 18th. Needham & Company LLC restated a "buy" rating and set a $390.00 price target on shares of Cadence Design Systems in a research report on Wednesday, February 18th. Morgan Stanley decreased their price objective 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. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Cadence Design Systems in a research report on Monday, December 29th. Fifteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Cadence Design Systems has a consensus rating of "Moderate Buy" and an average price target of $376.50.

Insider Transactions at Cadence Design Systems

In other Cadence Design Systems news, VP Paul Cunningham sold 1,000 shares of the firm's stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $297.78, for a total value of $297,780.00. Following the completion of the transaction, the vice president owned 94,137 shares in the company, valued at $28,032,115.86. This trade represents a 1.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ita M. Brennan sold 180 shares of Cadence Design Systems stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $295.03, for a total value of $53,105.40. Following the transaction, the director directly owned 7,470 shares of the company's stock, valued at $2,203,874.10. The trade was a 2.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,185 shares of company stock worth $963,238 in the last three months. 0.37% of the stock is currently owned by insiders.

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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