Sun Financial Inc Makes New Investment in Cadence Design Systems, Inc. $CDNS

Key Points

• Sun Financial bought a new stake in Cadence (NASDAQ:CDNS) in Q4 — acquiring 3,919 shares worth about $1.225 million.
• Cadence beat quarterly estimates (EPS $1.96 vs. $1.91; revenue $1.47B vs. $1.46B), reported revenue up 18.6% year‑over‑year, and issued FY2026 guidance of 7.850–7.950 EPS (Q2 guidance 2.020–2.080).
• Analyst sentiment is broadly positive with a consensus "Moderate Buy" and a $380.59 price target after multiple upward revisions, while insiders sold roughly 23,680 shares (~$7.28M) last quarter and institutions own about 84.85% of the stock.

Sun Financial Inc purchased a new position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,919 shares of the software maker's stock, valued at approximately $1,225,000.

Several other hedge funds also recently modified their holdings of CDNS. Brighton Jones LLC boosted its position in shares of Cadence Design Systems by 80.2% in the fourth quarter. Brighton Jones LLC now owns 1,519 shares of the software maker's stock worth $456,000 after acquiring an additional 676 shares during the last quarter. Integrated Wealth Concepts LLC boosted its position in shares of Cadence Design Systems by 3.8% in the first quarter. Integrated Wealth Concepts LLC now owns 2,203 shares of the software maker's stock worth $560,000 after acquiring an additional 80 shares during the last quarter. Thompson Davis & CO. Inc. acquired a new stake in shares of Cadence Design Systems in the second quarter worth approximately $205,000. NewEdge Advisors LLC boosted its position in shares of Cadence Design Systems by 39.3% in the second quarter. NewEdge Advisors LLC now owns 34,787 shares of the software maker's stock worth $10,720,000 after acquiring an additional 9,807 shares during the last quarter. Finally, Glenview Trust co acquired a new stake in shares of Cadence Design Systems in the second quarter worth approximately $226,000. 84.85% of the stock is owned by institutional investors and hedge funds.

Cadence Design Systems Stock Performance

CDNS opened at $340.94 on Monday. The firm has a market capitalization of $94.13 billion, a P/E ratio of 79.47, a P/E/G ratio of 4.04 and a beta of 1.13. The firm's 50 day moving average is $296.48 and its 200-day moving average is $309.06. Cadence Design Systems, Inc. has a 52-week low of $262.75 and a 52-week high of $376.45. The company has a quick ratio of 1.32, a current ratio of 1.47 and a debt-to-equity ratio of 0.38.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last posted its quarterly earnings data on Monday, April 27th. The software maker reported $1.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.91 by $0.05. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.46 billion. Cadence Design Systems had a net margin of 21.18% and a return on equity of 28.44%. The business's quarterly revenue was up 18.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.57 earnings per share. 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. Analysts expect that Cadence Design Systems, Inc. will post 6.22 EPS for the current fiscal year.

Insider Buying and Selling

In related news, VP Paul Cunningham sold 1,000 shares of Cadence Design Systems stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $280.19, for a total value of $280,190.00. Following the completion of the sale, the vice president owned 128,586 shares in the company, valued at approximately $36,028,511.34. The trade was a 0.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 Cadence Design Systems stock in a transaction 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 completion of the sale, the director owned 7,470 shares of the company's stock, valued at approximately $2,203,874.10. This trade represents a 2.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 23,680 shares of company stock worth $7,284,250. Insiders own 0.49% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. KeyCorp raised their target price on shares of Cadence Design Systems from $405.00 to $425.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 28th. Robert W. Baird raised their target price on shares of Cadence Design Systems from $381.00 to $385.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 28th. Rosenblatt Securities reissued a "buy" rating and issued a $360.00 target price on shares of Cadence Design Systems in a research report on Friday, April 24th. Stifel Nicolaus set a $395.00 price target on shares of Cadence Design Systems in a research report on Wednesday, February 18th. Finally, Piper Sandler lifted their price target on shares of Cadence Design Systems from $319.00 to $325.00 and gave the company a "neutral" rating in a research report on Tuesday, April 28th. Fourteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $380.59.

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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