United Capital Financial Advisors LLC Acquires Shares of 13,450 Cadence Design Systems, Inc. $CDNS

Key Points

• United Capital Financial Advisors acquired 13,450 Cadence Design Systems shares worth approximately $5.05 million during the second quarter. Institutional investors own 84.85% of the company.
• Cadence reported quarterly earnings of $2.11 per share, beating estimates, 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, compared with a recent share price of $340.39; insiders have sold $36.2 million of stock over the past three months.

United Capital Financial Advisors LLC bought a new position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 13,450 shares of the software maker's stock, valued at approximately $5,048,000.

Other large investors have also made changes to their positions in the company. Whipplewood Advisors LLC raised its holdings in shares of Cadence Design Systems by 933.3% during the 1st quarter. Whipplewood Advisors LLC now owns 93 shares of the software maker's stock worth $26,000 after acquiring an additional 84 shares during the period. Brown Lisle Cummings Inc. increased its position in Cadence Design Systems by 860.0% during the first quarter. Brown Lisle Cummings Inc. now owns 96 shares of the software maker's stock worth $27,000 after purchasing an additional 86 shares during the last quarter. University of Texas Texas AM Investment Management Co. purchased a new position in Cadence Design Systems during the fourth quarter worth about $28,000. Swiss RE Ltd. acquired a new position in Cadence Design Systems in the 4th quarter valued at about $29,000. Finally, Avalon Trust Co purchased a new stake in shares of Cadence Design Systems in the 2nd quarter valued at approximately $30,000. 84.85% of the stock is currently owned by hedge funds and other institutional investors.

Cadence Design Systems Trading Down 2.1%

CDNS opened at $340.39 on Friday. 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, Inc. has a 52 week low of $262.75 and a 52 week high of $416.69. The firm has a market cap of $93.74 billion, a P/E ratio of 67.67, a P/E/G ratio of 3.73 and a beta of 1.15. The business has a fifty day simple moving average of $348.17 and a 200-day simple moving average of $333.27.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last posted its quarterly earnings results on Monday, July 27th. The software maker reported $2.11 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the previous year, the firm posted $1.65 earnings per share. 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. On average, equities analysts expect that Cadence Design Systems, Inc. will post 6.4 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on CDNS. Wells Fargo & Company upped their price objective on Cadence Design Systems from $400.00 to $425.00 and gave the company an "overweight" rating in a report on Tuesday, May 26th. Needham & Company LLC reaffirmed a "buy" rating and issued a $400.00 price target on shares of Cadence Design Systems in a research note on Tuesday, July 28th. Oppenheimer reissued a "market perform" rating and set a $300.00 price objective on shares of Cadence Design Systems in a research report on Tuesday, July 28th. Rosenblatt Securities upped their target price on shares of Cadence Design Systems from $410.00 to $420.00 and gave the company a "buy" rating in a research report on Tuesday, July 28th. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $400.00 target price on shares of Cadence Design Systems in a research note on Wednesday, July 29th. Thirteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $405.69.

Insider Activity

In other news, Director Vincentelli Albert Sangiovanni sold 1,250 shares of the business's stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $320.88, for a total transaction of $401,100.00. Following the completion of the transaction, the director directly owned 40,794 shares of the company's stock, valued at approximately $13,089,978.72. The trade was a 2.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Anirudh Devgan sold 51,822 shares of the company's stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $395.00, for a total transaction of $20,469,690.00. Following the sale, the chief executive officer owned 278,524 shares in the company, valued at $110,016,980. The trade was a 15.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 91,129 shares of company stock worth $36,206,647 over the last three months. Company insiders own 0.49% of the company's stock.

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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