SCHEDULE 13G/A: BlackRock Discloses 8.0% Stake in Cadence Design Systems
Beneficial Ownership Disclosure
BlackRock, Inc. has filed an amended Schedule 13G, revealing its beneficial ownership of 8.0% of Cadence Design Systems Inc.'s common stock as of March 31, 2025.
Summary
- BlackRock, Inc. reported beneficial ownership of 21,898,161 shares of Cadence Design Systems Inc. common stock.
- This ownership represents 8.0% of the total outstanding common stock of Cadence Design Systems Inc.
- BlackRock holds sole voting power over 19,919,384 shares and sole dispositive power over all 21,898,161 shares.
- The filing indicates that the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing the control of the issuer.
- This is an Amendment No. 18 to the Schedule 13G filing for Cadence Design Systems Inc.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership, which is neutral in sentiment. It does not contain positive or negative performance indicators or forward-looking statements from the issuer.
Future Outlook
NA
Management Comments
- "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."
Industry Context
This Schedule 13G filing indicates a significant passive investment by BlackRock, one of the world's largest asset managers, in Cadence Design Systems. Such filings are standard disclosures for institutional investors holding more than 5% of a company's outstanding shares, reflecting their portfolio management activities rather than an intent to influence corporate control. It signals continued institutional confidence in Cadence Design Systems.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Attorney-in-fact for BlackRock, Inc. | NA | Eric Andruczyk | 2025-01-21 | Appointment under new Power of Attorney |
| Attorney-in-fact for BlackRock, Inc. | NA | Richard Cundiff | 2025-01-21 | Appointment under new Power of Attorney |
| Attorney-in-fact for BlackRock, Inc. | NA | R. Andrew Dickson, III | 2025-01-21 | Appointment under new Power of Attorney |
| Attorney-in-fact for BlackRock, Inc. | NA | Spencer Fleming | 2025-01-21 | Appointment under new Power of Attorney |
| Attorney-in-fact for BlackRock, Inc. | NA | Laura Hildner | 2025-01-21 | Appointment under new Power of Attorney |
| Attorney-in-fact for BlackRock, Inc. | NA | David Maryles | 2025-01-21 | Appointment under new Power of Attorney |
| Attorney-in-fact for BlackRock, Inc. | NA | Christopher Meade | 2025-01-21 | Appointment under new Power of Attorney |
| Attorney-in-fact for BlackRock, Inc. | NA | Charles Park | 2025-01-21 | Appointment under new Power of Attorney |
| Attorney-in-fact for BlackRock, Inc. | NA | James Raby | 2025-01-21 | Appointment under new Power of Attorney |
| Attorney-in-fact for BlackRock, Inc. | NA | Daniel Riemer | 2025-01-21 | Appointment under new Power of Attorney |
| Attorney-in-fact for BlackRock, Inc. | NA | David Rothenberg | 2025-01-21 | Appointment under new Power of Attorney |
| Attorney-in-fact for BlackRock, Inc. | NA | Brenda Schulz | 2025-01-21 | Appointment under new Power of Attorney |
Stakeholder Impact
- Shareholders: The disclosure of a significant stake by a major institutional investor like BlackRock can be viewed as a vote of confidence in the company's long-term prospects, potentially reassuring existing shareholders and attracting new investors.
Key Dates
| Date | Description |
|---|---|
| 2023-04-30 | Date of the previously revoked Power of Attorney. |
| 2025-01-21 | Effective date of the new Power of Attorney for BlackRock, Inc. |
| 2025-03-31 | Date of event which requires the filing of this statement (ownership threshold met). |
| 2025-04-24 | Date of filing and signature of the Schedule 13G Amendment No. 18. |
Keywords
BlackRock, Cadence Design Systems, CDNS, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, SEC Filing, Investment Management
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