Tcfg Wealth Management LLC Makes New Investment in Cadence Design Systems, Inc. $CDNS

Key Points

• Tcfg Wealth Management purchased a new stake of 17,247 shares in Cadence Design Systems (NASDAQ:CDNS) in Q3, valued at about $6.06 million, and institutional investors now own roughly 84.85% of the stock.
• Cadence beat quarterly expectations with $1.99 EPS and $1.44 billion in revenue (up 6.2% YoY) and issued Q1 FY2026 guidance of 1.890–1.950 EPS and FY2026 guidance of 8.050–8.150 EPS; the stock trades near $294 with a market cap around $80.1 billion.
• Analysts remain broadly positive—15 rate the stock Buy and three Hold—giving an average consensus of "Moderate Buy" and an average target price of $376.50, with recent targets ranging roughly $360–$395.

Tcfg Wealth Management LLC purchased a new stake in Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) in the third quarter, according to its most recent filing with the SEC. The fund purchased 17,247 shares of the software maker's stock, valued at approximately $6,058,000.

Other large investors have also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd bought a new stake in Cadence Design Systems during the third quarter valued at $26,000. Caitlin John LLC bought a new position in shares of Cadence Design Systems in the 3rd quarter worth about $29,000. Imprint Wealth LLC bought a new position in shares of Cadence Design Systems in the 3rd quarter worth about $31,000. Strategic Wealth Investment Group LLC acquired a new position in shares of Cadence Design Systems in the 2nd quarter valued at about $32,000. Finally, Promus Capital LLC acquired a new stake in Cadence Design Systems during the second quarter worth about $33,000. 84.85% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Morgan Stanley cut their target price on shares of Cadence Design Systems from $385.00 to $370.00 and set an "overweight" rating on the stock in a report on Wednesday, February 18th. Stifel Nicolaus set a $395.00 price target on Cadence Design Systems in a research report on Wednesday, February 18th. Wells Fargo & Company reduced their price objective on Cadence Design Systems from $410.00 to $375.00 and set an "overweight" rating for the company in a research report on Wednesday, February 18th. Needham & Company LLC restated a "buy" rating and set a $390.00 price objective on shares of Cadence Design Systems in a research note on Wednesday, February 18th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $360.00 target price on shares of Cadence Design Systems in a research note on Thursday, February 26th. Fifteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, Cadence Design Systems presently has an average rating of "Moderate Buy" and an average target price of $376.50.

Insiders Place Their Bets

In related news, VP Paul Cunningham sold 1,000 shares of the company's stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $297.78, for a total value of $297,780.00. Following the completion of the sale, the vice president owned 94,137 shares of the company's stock, valued at $28,032,115.86. This represents a 1.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold a total of 3,005 shares of company stock valued at $910,133 over the last three months. Corporate insiders own 0.37% of the company's stock.

Cadence Design Systems Stock Performance

Shares of CDNS stock opened at $293.75 on Wednesday. Cadence Design Systems, Inc. has a 12-month low of $221.56 and a 12-month high of $376.45. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.86 and a quick ratio of 2.67. The firm has a market capitalization of $80.09 billion, a price-to-earnings ratio of 72.35, a price-to-earnings-growth ratio of 3.51 and a beta of 1.00. The business has a 50 day simple moving average of $301.35 and a 200 day simple moving average of $321.11.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last announced its earnings results on Tuesday, February 17th. The software maker reported $1.99 earnings per share for the quarter, beating 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 previous year, the business earned $1.88 EPS. The firm's revenue for the quarter 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, equities research analysts anticipate that Cadence Design Systems, Inc. will post 5.41 EPS for the current year.

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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