Avidian Wealth Enterprises LLC Increases Stock Holdings in Cadence Design Systems, Inc. $CDNS

Avidian Wealth Enterprises LLC grew its holdings in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 1,852.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 21,241 shares of the software maker’s stock after buying an additional 20,153 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in Cadence Design Systems were worth $7,014,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in CDNS. George Kaiser Family Foundation purchased a new position in Cadence Design Systems in the 2nd quarter worth approximately $725,000. Vega Investment Solutions bought a new stake in shares of Cadence Design Systems during the 2nd quarter valued at about $1,957,000. MassMutual Private Wealth & Trust FSB grew its stake in Cadence Design Systems by 65.7% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 26,160 shares of the software maker’s stock worth $8,638,000 after purchasing an additional 10,376 shares during the period. Osmosis Investment Management UK Ltd bought a new stake in Cadence Design Systems during the second quarter worth about $5,238,000. Finally, Lombard Odier Asset Management Europe Ltd boosted its position in shares of Cadence Design Systems by 30.9% in the 1st quarter. Lombard Odier Asset Management Europe Ltd now owns 52,941 shares of the software maker’s stock worth $14,711,000 after purchasing an additional 12,495 shares in the last quarter. Hedge funds and other institutional investors own 84.85% of the company’s stock.

Insider Buying and Selling at Cadence Design Systems

In other Cadence Design Systems news, Director Albert Sangiovanni-Vincentelli sold 1,250 shares of the company’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $350.07, for a total transaction of $437,587.50. Following the completion of the sale, the director owned 39,544 shares in the company, valued at $13,843,168.08. This represents a 3.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paul Scannell sold 280 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $339.00, for a total value of $94,920.00. Following the sale, the vice president directly owned 31,720 shares in the company, valued at approximately $10,753,080. The trade was a 0.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 6,960 shares of company stock valued at $2,185,879 in the last ninety days. Company insiders own 0.49% of the company’s stock.

Cadence Design Systems Trading Down 1.6%

CDNS stock traded down $5.65 during midday trading on Thursday, reaching $350.47. The company’s stock had a trading volume of 438,691 shares, compared to its average volume of 2,450,937. The firm has a market capitalization of $96.52 billion, a price-to-earnings ratio of 69.61, a PEG ratio of 3.86 and a beta of 1.13. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.53 and a current ratio of 1.74. Cadence Design Systems, Inc. has a 1 year low of $262.75 and a 1 year high of $416.69. The stock has a fifty day simple moving average of $318.98 and a two-hundred day simple moving average of $336.55.

Cadence Design Systems (NASDAQ:CDNS) last issued its earnings results on Monday, July 27th. The software maker reported $2.11 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.06. The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.58 billion. Cadence Design Systems had a net margin of 23.60% and a return on equity of 27.98%. The company’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same period last year, the company posted $1.65 earnings per share. 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 research analysts predict that Cadence Design Systems, Inc. will post 6.4 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CDNS shares. Citigroup raised their price objective on shares of Cadence Design Systems from $400.00 to $420.00 and gave the company a “buy” rating in a research note on Tuesday, July 28th. Benchmark reissued a “buy” rating on shares of Cadence Design Systems in a report on Tuesday, July 28th. Piper Sandler upped their price target on shares of Cadence Design Systems from $325.00 to $349.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 28th. Oppenheimer reaffirmed a “market perform” rating and issued a $300.00 price objective on shares of Cadence Design Systems in a research note on Tuesday, July 28th. Finally, Rosenblatt Securities raised 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 note on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Cadence Design Systems currently has an average rating of “Moderate Buy” and an average price target of $405.06.

About Cadence Design Systems

Cadence Design Systems, Inc is a technology company that develops electronic design automation (EDA) software, hardware, and semiconductor intellectual property. Its products help engineers design, verify, analyze, and manufacture complex semiconductor chips, printed circuit boards, and electronic systems.

The company’s offerings include digital and custom/analog integrated-circuit design tools, functional verification and emulation platforms, semiconductor intellectual property, and system analysis solutions.