REAP Financial Group LLC Has $73,000 Stake in Cadence Design Systems, Inc. $CDNS

REAP Financial Group LLC raised its position in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 157.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 237 shares of the software maker’s stock after purchasing an additional 145 shares during the quarter. REAP Financial Group LLC’s holdings in Cadence Design Systems were worth $73,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Cadence Design Systems in the 1st quarter valued at about $25,000. Costello Asset Management INC acquired a new stake in shares of Cadence Design Systems in the 1st quarter valued at about $25,000. Saudi Central Bank acquired a new stake in shares of Cadence Design Systems in the 1st quarter valued at about $27,000. Valley National Advisers Inc. increased its position in shares of Cadence Design Systems by 707.1% in the first 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 last quarter. Finally, Barrett & Company Inc. acquired a new stake in shares of Cadence Design Systems in the second quarter valued at about $31,000. Institutional investors and hedge funds own 84.85% of the company’s stock.

Cadence Design Systems Trading Up 1.3%

Shares of NASDAQ:CDNS opened at $350.00 on Thursday. Cadence Design Systems, Inc. has a 12-month low of $221.56 and a 12-month high of $376.45. The stock has a market cap of $95.37 billion, a PE ratio of 94.59, a P/E/G ratio of 4.53 and a beta of 0.99. The business has a 50 day moving average of $352.59 and a 200-day moving average of $315.59. The company has a quick ratio of 2.67, a current ratio of 2.82 and a debt-to-equity ratio of 0.49.

Cadence Design Systems (NASDAQ:CDNS) last issued its quarterly earnings data on Monday, July 28th. The software maker reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.09. Cadence Design Systems had a return on equity of 29.65% and a net margin of 19.88%.The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the previous year, the company posted $1.28 earnings per share. The business’s revenue was up 20.2% on a year-over-year basis. 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, equities research analysts forecast that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Berenberg Bank set a $400.00 target price on Cadence Design Systems in a research report on Wednesday, July 30th. Mizuho lifted their target price on Cadence Design Systems from $360.00 to $375.00 and gave the company an “outperform” rating in a research report on Tuesday, July 29th. Stifel Nicolaus lifted their target price on Cadence Design Systems from $350.00 to $395.00 and gave the company a “buy” rating in a research report on Tuesday, July 29th. Loop Capital lifted their target price on Cadence Design Systems from $370.00 to $390.00 and gave the company a “buy” rating in a research report on Tuesday, July 29th. Finally, The Goldman Sachs Group initiated coverage on Cadence Design Systems in a research report on Thursday, July 10th. They set a “buy” rating and a $380.00 price target on the stock. Fourteen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Cadence Design Systems has an average rating of “Moderate Buy” and an average price target of $368.53.

Insider Activity at Cadence Design Systems

In related news, Director Ita M. Brennan sold 180 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $334.51, for a total value of $60,211.80. Following the completion of the sale, the director directly owned 7,830 shares in the company, valued at approximately $2,619,213.30. The trade was a 2.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO John M. Wall sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $349.16, for a total value of $2,618,700.00. Following the completion of the sale, the chief financial officer owned 70,715 shares of the company’s stock, valued at approximately $24,690,849.40. This trade represents a 9.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,680 shares of company stock worth $3,729,852. Company insiders own 1.99% of the company’s stock.

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.