UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 48,937 Shares of Cadence Design Systems, Inc. $CDNS

Key Points

• UBS Asset Management increased its Cadence Design Systems stake by 1.5% in the second quarter, adding 48,937 shares and bringing its holdings to 3.39 million shares valued at approximately $1.27 billion. Institutional investors collectively own 84.85% of the company.
• Cadence reported quarterly EPS of $2.11, beating estimates of $2.05, while revenue rose 24.2% year over year to $1.58 billion. The company issued fiscal 2026 EPS guidance of $8.05–$8.15.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $405.69, although insiders sold $36.2 million worth of shares over the past three months.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) by 1.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,385,655 shares of the software maker's stock after buying an additional 48,937 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 1.23% of Cadence Design Systems worth $1,270,704,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new position in Cadence Design Systems in the 4th quarter worth approximately $1,352,922,000. J. Stern & Co. LLP boosted its stake in shares of Cadence Design Systems by 10,159.3% during the fourth quarter. J. Stern & Co. LLP now owns 2,953,256 shares of the software maker's stock valued at $923,129,000 after purchasing an additional 2,924,470 shares during the period. Legal & General Group Plc bought a new position in shares of Cadence Design Systems in the second quarter worth approximately $702,615,000. Jupiter Topco LLC purchased a new position in shares of Cadence Design Systems in the second quarter worth $688,746,000. Finally, Wellington Management Group LLP increased its stake in shares of Cadence Design Systems by 218.6% in the fourth quarter. Wellington Management Group LLP now owns 2,553,225 shares of the software maker's stock worth $798,087,000 after buying an additional 1,751,927 shares during the period. 84.85% of the stock is owned by institutional investors.

Cadence Design Systems Stock Performance

Shares of CDNS stock opened at $340.39 on Friday. The stock has a fifty day moving average of $348.17 and a 200 day moving average of $333.27. Cadence Design Systems, Inc. has a 52 week low of $262.75 and a 52 week high of $416.69. The firm has a market capitalization of $93.74 billion, a price-to-earnings ratio of 67.67, a PEG ratio of 3.65 and a beta of 1.15. The company has a quick ratio of 1.53, a current ratio of 1.74 and a debt-to-equity ratio of 0.36.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last issued its quarterly earnings data on Monday, July 27th. The software maker reported $2.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.05 by $0.06. Cadence Design Systems had a net margin of 23.60% and a return on equity of 27.98%. The business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the previous year, the firm earned $1.65 EPS. The company's quarterly revenue was up 24.2% compared to the same quarter last year. Cadence Design Systems has set its FY 2026 guidance at 8.050-8.150 EPS and its Q3 2026 guidance at 2.010-2.070 EPS. As a group, research analysts expect that Cadence Design Systems, Inc. will post 6.4 earnings per share for the current year.

Insider Activity

In other Cadence Design Systems news, Director Vincentelli Albert Sangiovanni sold 1,250 shares of the firm's stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $320.88, for a total value of $401,100.00. Following the completion of the sale, the director directly owned 40,794 shares in the company, valued at $13,089,978.72. This trade represents a 2.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paul Cunningham sold 2,000 shares of Cadence Design Systems stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $323.32, for a total value of $646,640.00. Following the sale, the vice president directly owned 124,586 shares in the company, valued at approximately $40,281,145.52. The trade was a 1.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 91,129 shares of company stock worth $36,206,647. 0.49% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CDNS. Bank of America increased their price target on shares of Cadence Design Systems from $400.00 to $420.00 and gave the company a "buy" rating in a research report on Tuesday, July 28th. Oppenheimer restated a "market perform" rating and issued a $300.00 price objective on shares of Cadence Design Systems in a research report on Tuesday, July 28th. Berenberg Bank set a $440.00 price objective on shares of Cadence Design Systems in a research note on Wednesday, May 27th. Wells Fargo & Company increased their target price on shares of Cadence Design Systems from $400.00 to $425.00 and gave the stock an "overweight" rating in a report on Tuesday, May 26th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $400.00 target price on shares of Cadence Design Systems in a research note on Tuesday, July 28th. Thirteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $405.69.

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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