Cadence Design Systems, Inc. $CDNS Position Decreased by Fiduciary Family Office LLC

Fiduciary Family Office LLC trimmed its position in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 4.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 890 shares of the software maker’s stock after selling 40 shares during the quarter. Fiduciary Family Office LLC’s holdings in Cadence Design Systems were worth $274,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CDNS. Brighton Jones LLC boosted its holdings in shares of Cadence Design Systems by 80.2% in the fourth quarter. Brighton Jones LLC now owns 1,519 shares of the software maker’s stock worth $456,000 after buying an additional 676 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Cadence Design Systems by 22.5% in the first quarter. GAMMA Investing LLC now owns 4,790 shares of the software maker’s stock worth $1,218,000 after buying an additional 879 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in shares of Cadence Design Systems by 3.6% in the first quarter. Oppenheimer Asset Management Inc. now owns 28,180 shares of the software maker’s stock worth $7,167,000 after buying an additional 985 shares during the period. Asset Management One Co. Ltd. boosted its holdings in shares of Cadence Design Systems by 7.1% in the first quarter. Asset Management One Co. Ltd. now owns 117,846 shares of the software maker’s stock worth $29,972,000 after buying an additional 7,788 shares during the period. Finally, Legacy Advisors LLC boosted its holdings in shares of Cadence Design Systems by 28.3% in the first quarter. Legacy Advisors LLC now owns 6,499 shares of the software maker’s stock worth $1,653,000 after buying an additional 1,434 shares during the period. 84.85% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Cadence Design Systems

In related news, Director Ita M. Brennan sold 180 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $334.51, for a total transaction of $60,211.80. Following the transaction, the director owned 7,830 shares of the company’s stock, valued at approximately $2,619,213.30. This trade represents a 2.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Paul Cunningham sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $348.27, for a total transaction of $348,270.00. Following the transaction, the vice president directly owned 99,672 shares in the company, valued at approximately $34,712,767.44. The trade was a 0.99% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,680 shares of company stock valued at $3,729,852. 0.37% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have commented on CDNS. The Goldman Sachs Group began coverage on shares of Cadence Design Systems in a report on Thursday, July 10th. They issued a “buy” rating and a $380.00 target price for the company. KeyCorp increased their price target on shares of Cadence Design Systems from $358.00 to $405.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Wall Street Zen lowered shares of Cadence Design Systems from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. Mizuho increased their price target on shares of Cadence Design Systems from $360.00 to $375.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 29th. Finally, Wells Fargo & Company increased their price target on shares of Cadence Design Systems from $365.00 to $405.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Thirteen equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $368.53.

Cadence Design Systems Price Performance

Shares of CDNS opened at $333.45 on Wednesday. The firm has a market cap of $90.86 billion, a PE ratio of 90.12, a PEG ratio of 4.32 and a beta of 0.99. The firm’s 50 day moving average price is $347.69 and its 200 day moving average price is $320.51. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.67 and a current ratio of 2.82. Cadence Design Systems, Inc. has a twelve month low of $221.56 and a twelve month high of $376.45.

Cadence Design Systems (NASDAQ:CDNS) last issued its quarterly earnings data on Monday, July 28th. The software maker reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.09. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.25 billion. Cadence Design Systems had a net margin of 19.88% and a return on equity of 29.65%. The company’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.28 earnings per share. Cadence Design Systems has set its Q3 2025 guidance at 1.750-1.810 EPS. FY 2025 guidance at 6.850-6.950 EPS. As a group, research analysts expect that Cadence Design Systems, Inc. will post 5.41 EPS for the current fiscal year.

Cadence Design Systems Profile

Cadence Design Systems, Inc provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification.