Sequoia Financial Advisors LLC Has $6.30 Million Holdings in Cadence Design Systems, Inc. $CDNS

Sequoia Financial Advisors LLC increased its holdings in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 58.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,776 shares of the software maker’s stock after purchasing an additional 6,169 shares during the period. Sequoia Financial Advisors LLC’s holdings in Cadence Design Systems were worth $6,296,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. IPG Investment Advisors LLC bought a new stake in shares of Cadence Design Systems during the 2nd quarter worth about $1,902,000. National Pension Service increased its holdings in shares of Cadence Design Systems by 0.9% during the 2nd quarter. National Pension Service now owns 760,715 shares of the software maker’s stock valued at $285,512,000 after acquiring an additional 6,755 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC raised its stake in shares of Cadence Design Systems by 22.0% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,260 shares of the software maker’s stock valued at $473,000 after acquiring an additional 227 shares in the last quarter. NorthRock Partners LLC raised its stake in shares of Cadence Design Systems by 8.6% in the 2nd quarter. NorthRock Partners LLC now owns 1,807 shares of the software maker’s stock valued at $678,000 after acquiring an additional 143 shares in the last quarter. Finally, Integrated Wealth Concepts LLC lifted its holdings in Cadence Design Systems by 1,447.6% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 92,099 shares of the software maker’s stock worth $34,567,000 after purchasing an additional 86,148 shares during the last quarter. 84.85% of the stock is owned by institutional investors and hedge funds.

Cadence Design Systems Stock Performance

CDNS opened at $289.37 on Friday. The company has a quick ratio of 1.53, a current ratio of 1.74 and a debt-to-equity ratio of 0.36. The stock’s 50 day moving average price is $332.84 and its two-hundred day moving average price is $333.50. The firm has a market capitalization of $79.69 billion, a P/E ratio of 57.53, a price-to-earnings-growth ratio of 3.06 and a beta of 1.14. Cadence Design Systems, Inc. has a 12-month low of $262.75 and a 12-month high of $416.69.

Cadence Design Systems (NASDAQ:CDNS) last issued its quarterly 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. Cadence Design Systems had a return on equity of 27.98% and a net margin of 23.60%.The company had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same period in the previous year, the company earned $1.65 earnings per share. The company’s quarterly revenue was up 24.2% compared to the same quarter last year. 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 analysts forecast that Cadence Design Systems, Inc. will post 6.4 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Morgan Stanley reaffirmed an “overweight” rating and set a $400.00 target price on shares of Cadence Design Systems in a research report on Wednesday, July 29th. Stifel Nicolaus boosted their price objective on shares of Cadence Design Systems from $395.00 to $432.00 and gave the stock a “buy” rating in a research note on Tuesday, June 9th. Wells Fargo & Company upped their price objective on shares of Cadence Design Systems from $400.00 to $425.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Oppenheimer reiterated a “market perform” rating and issued a $300.00 target price on shares of Cadence Design Systems in a research note on Tuesday, July 28th. Finally, Benchmark reiterated a “buy” rating on shares of Cadence Design Systems in a report on Tuesday, July 28th. Fourteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $403.88.

Insider Activity at Cadence Design Systems

In other news, VP Paul Scannell sold 280 shares of the business’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $339.00, for a total transaction of $94,920.00. Following the transaction, the vice president owned 31,720 shares in the company, valued at approximately $10,753,080. The trade was a 0.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paul Cunningham sold 2,000 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $323.32, for a total transaction of $646,640.00. Following the transaction, the vice president directly owned 124,586 shares of the company’s stock, valued at $40,281,145.52. This represents a 1.58% 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 sold a total of 5,530 shares of company stock worth $1,924,660 in the last ninety days. 0.49% of the stock is currently owned by insiders.

Cadence Design Systems Company Profile

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

The company offers solutions spanning digital and custom IC design, functional verification, digital and analog simulation, emulation and prototyping, system analysis, and 3D computational fluid dynamics.