RMR Wealth Builders 13F: Adds $1M to CDNS Stake
Key Points
- RMR Wealth Builders boosted its stake in Cadence Design Systems, Inc. CDNS by 47.2% during the quarter, bringing its total holding to 9,599 shares worth about $3.17 million.
- Cadence Design Systems shares recently traded around $309.65, sitting below their 50-day moving average of $318.98 and well under their 52-week high of $416.69.
- Other large investment managers also adjusted their positions, with Van Eck Associates Corporation growing its holdings to 4,889,765 shares.
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RMR Wealth Builders added 3,080 shares of Cadence Design Systems, Inc. CDNS to lift its holdings to 9,599 shares in a Form 13F filing on October 22, 2026. The institutional holdings report filed with the SEC covers portfolio changes made during the quarter.
CDNS
Cadence Design Systems, Inc.
What Changed in RMR Wealth Builders's Cadence Design Systems, Inc. Position
RMR Wealth Builders expanded its investment in the software developer by a 47.2% increase, growing from 6,519 shares up to 9,599 shares. The reported value of the stake reached $3,169,439.0 based on the filings.
Other Institutional Activity in Cadence Design Systems, Inc.
Other large institutional investors made significant adjustments to their positions in the chip design software maker. First Trust Advisors reduced its holdings by 104,187 shares, ending with 497,625 shares valued at roughly $193,596,034.25. Meanwhile, Van Eck Associates Corporation grew its holdings by 874,520 shares, a 21.8% increase to finish with 4,889,765 shares worth about $1,514,115,702.0. Capital International Investors also boosted its stake, increasing holdings by 931,684 shares for a 23.6% jump to end with 4,886,202 shares valued at $1,513,012,419.0.
Cadence Design Systems, Inc. Stock Down 5.0%
Cadence Design Systems shares closed at $309.65 on October 22, 2026, and recently traded around $309.65 as of October 23, 2026. The stock trades below its 50-day moving average of $318.98 and sits 5.4% below its 200-day moving average of $327.21. The recent price sits 25.7% below the 52-week high of $416.69 and 17.8% above the 52-week low of $262.75. Wall Street analysts carry a consensus strong buy rating on the company with a mean price target of $406.24, leaving the recent trading price 23.8% below that target.
Recent Earnings
Cadence Design Systems generated trailing-twelve-month revenue of $5.84 billion alongside earnings of $5.03 per share. The company reported a net profit margin of 23.6% and a return on equity of 23.2%, with year-over-year revenue growth reaching 24.2%. The next earnings report is scheduled for October 26, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
5 target raises vs 1 cuts.
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EPS & revenue
EPS beat estimates by 1.2%. Revenue met estimates.
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Profit surprise
EBITDA missed by 34 percent. Operating income missed by 32 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
5 target raises, 1 target cut.
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Earnings quality
Gross margin up 9.3 points. Positive free cash flow.
Earnings Call Summary
Cadence delivered a strong first quarter with $1.47 billion in revenue and record $8 billion backlog, driven by accelerating demand for AI-powered chip design tools. The company introduced new agentic AI agents for analog and digital design, signed a major IP deal with a leading foundry, and expects these AI tools to boost usage of its existing software while opening new revenue categories through subscription and consumption-based pricing.
Guidance Cadence raised its full year 2026 revenue outlook to about $6.2 billion, expecting 17 percent growth. The company expects to reach the Rule of 60 metric for the first time and plans to spend about half of free cash flow on share buybacks this year.
Fine but not compelling. Acceptable results that likely do not create a meaningful forward reset.
Insider Buying and Selling at Cadence Design Systems, Inc.
Company insiders executed several stock transactions ahead of the filing. Director Ita M Brennan disposed of 180 shares on September 10, 2026, totaling $51,392.0. Officer Paul Alexander Cunningham sold 2,000 shares on September 15, 2026, at an average price of $277.12 for a total of $554,240.0. Director Vincentelli Alberto Sangiovanni sold 1,250 shares on October 1, 2026, at $350.07 per share for $437,590.0. Senior Vice President Paul Cunningham sold 2,000 shares on October 15, 2026, at $324.13 per share for a total value of $648,260.0 under a planned transaction.
Analysts Set New Price Targets
Wall Street firms updated their views on the stock during July 2026. B of A Securities maintained a buy rating on July 28, 2026, while raising its price target to $420.0 from $400.0. Rosenblatt maintained a buy rating on the same day, lifting its target to $420.0 from $410.0. Citigroup kept a buy rating while moving its target up to $420.0 from $400.0. Baird maintained an outperform rating on July 28, 2026, moving its target to $420.0 from $415.0, and Needham reiterated a buy rating with a $400.0 price target. The company draws coverage from 26 analyst opinions overall.
About Cadence Design Systems, Inc.
Cadence Design Systems, Inc. develops computational, AI-driven software, hardware, and silicon intellectual property products and solutions used to build complex semiconductors and electronic systems. Headquartered in San Jose, California, the company serves technology manufacturers worldwide.
Bottom Line
Investors will watch the upcoming earnings report on October 26, 2026, for fresh details on software demand and profit margins. Monitoring subsequent institutional filings will show whether other asset managers follow RMR Wealth Builders in adjusting their share totals.
Related Filing Alerts
Source: RMR Wealth Builders's 13F filing on $CDNS (Oct 22, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts