Cadence Design Systems, Inc. $CDNS Shares Sold by Global Assets Advisory LLC

Global Assets Advisory LLC lowered its stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 66.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,399 shares of the software maker’s stock after selling 2,754 shares during the quarter. Global Assets Advisory LLC’s holdings in Cadence Design Systems were worth $433,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of CDNS. Smallwood Wealth Investment Management LLC acquired a new position in Cadence Design Systems during the 1st quarter valued at approximately $25,000. Costello Asset Management INC purchased a new stake in shares of Cadence Design Systems during the first quarter valued at $25,000. Saudi Central Bank purchased a new stake in shares of Cadence Design Systems during the first quarter valued at $27,000. Valley National Advisers Inc. increased its position in shares of Cadence Design Systems by 707.1% in the 1st quarter. Valley National Advisers Inc. now owns 113 shares of the software maker’s stock valued at $28,000 after acquiring an additional 99 shares during the period. Finally, Barrett & Company Inc. acquired a new stake in Cadence Design Systems during the 2nd quarter worth about $31,000. 84.85% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CDNS has been the topic of a number of research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Cadence Design Systems in a report on Saturday, September 27th. 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. Loop Capital upped their price objective on shares of Cadence Design Systems from $370.00 to $390.00 and gave the company a “buy” rating in a report on Tuesday, July 29th. Needham & Company LLC increased their price objective on shares of Cadence Design Systems from $325.00 to $390.00 and gave the stock a “buy” rating in a research note on Tuesday, July 29th. Finally, Robert W. Baird boosted their target price on shares of Cadence Design Systems from $340.00 to $380.00 and gave the company an “outperform” rating in a research report on Monday, July 28th. Fourteen 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $368.53.

Insider Transactions at Cadence Design Systems

In other Cadence Design Systems news, Director Ita M. Brennan sold 180 shares of the company’s stock in a transaction 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 completion of the transaction, the director directly owned 7,830 shares in the company, valued at approximately $2,619,213.30. This represents a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Paul Cunningham sold 1,000 shares of the stock in a transaction 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,680 shares of company stock valued at $3,729,852 in the last three months. 0.37% of the stock is currently owned by company insiders.

Cadence Design Systems Stock Up 1.8%

CDNS opened at $353.36 on Tuesday. The company has a fifty day moving average of $353.43 and a two-hundred day moving average of $315.14. The stock has a market capitalization of $96.29 billion, a price-to-earnings ratio of 95.50, a PEG ratio of 4.55 and a beta of 0.99. Cadence Design Systems, Inc. has a fifty-two week low of $221.56 and a fifty-two week high of $376.45. 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 (NASDAQ:CDNS) last posted its earnings results on Monday, July 28th. The software maker reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.09. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Cadence Design Systems had a return on equity of 29.65% and a net margin of 19.88%.The company’s quarterly revenue was up 20.2% on a year-over-year basis. During the same period last year, the firm earned $1.28 EPS. Cadence Design Systems has set its Q3 2025 guidance at 1.750-1.810 EPS. FY 2025 guidance at 6.850-6.950 EPS. On average, research analysts expect that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current 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.