Wealth Architects LLC Sells 221 Shares of Cadence Design Systems, Inc. $CDNS

Wealth Architects LLC trimmed its holdings in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 16.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,149 shares of the software maker’s stock after selling 221 shares during the quarter. Wealth Architects LLC’s holdings in Cadence Design Systems were worth $354,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CDNS. Novem Group lifted its holdings in shares of Cadence Design Systems by 30.3% in the 1st quarter. Novem Group now owns 4,067 shares of the software maker’s stock worth $1,034,000 after buying an additional 945 shares during the period. Brookstone Capital Management lifted its holdings in shares of Cadence Design Systems by 19.9% in the 1st quarter. Brookstone Capital Management now owns 17,430 shares of the software maker’s stock worth $4,433,000 after buying an additional 2,898 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Cadence Design Systems by 10.9% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 142,994 shares of the software maker’s stock worth $44,064,000 after buying an additional 14,022 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Cadence Design Systems by 22.5% in the 1st 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. Finally, Amalgamated Bank lifted its holdings in shares of Cadence Design Systems by 2.2% in the 1st quarter. Amalgamated Bank now owns 58,225 shares of the software maker’s stock worth $14,808,000 after buying an additional 1,228 shares during the period. 84.85% of the stock is currently owned by institutional investors.

Cadence Design Systems Trading Down 6.2%

Shares of NASDAQ:CDNS opened at $327.00 on Monday. The business’s 50-day moving average is $351.68 and its 200 day moving average is $317.30. Cadence Design Systems, Inc. has a 1 year low of $221.56 and a 1 year high of $376.45. The firm has a market capitalization of $89.10 billion, a P/E ratio of 88.38, a P/E/G ratio of 4.29 and a beta of 0.99. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.82 and a quick ratio of 2.67.

Cadence Design Systems (NASDAQ:CDNS) last announced its earnings results on Monday, July 28th. The software maker reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $1.25 billion. During the same period in the prior year, the company posted $1.28 EPS. The firm’s quarterly revenue was up 20.2% compared to the same quarter last year. 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 predict that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Cadence Design Systems in a report on Wednesday, October 8th. Wall Street Zen cut Cadence Design Systems from a “buy” rating to a “hold” rating in a report on Sunday, September 21st. Loop Capital upped their price objective on Cadence Design Systems from $370.00 to $390.00 and gave the stock a “buy” rating in a research note on Tuesday, July 29th. BNP Paribas assumed coverage on Cadence Design Systems in a research note on Thursday, October 2nd. They set an “outperform” rating and a $400.00 price objective for the company. Finally, Rosenblatt Securities restated a “neutral” rating and set a $300.00 price objective on shares of Cadence Design Systems in a research note on Friday, July 25th. Fourteen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $368.53.

Insider Activity at Cadence Design Systems

In related news, CFO John M. Wall sold 7,500 shares of the company’s stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $349.16, for a total transaction of $2,618,700.00. Following the transaction, the chief financial officer directly owned 70,715 shares of the company’s stock, valued at $24,690,849.40. This represents a 9.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Ita M. Brennan sold 180 shares of the stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $334.51, for a total value of $60,211.80. Following the completion of the transaction, the director directly owned 7,830 shares in the company, valued at $2,619,213.30. This represents a 2.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,680 shares of company stock valued at $3,729,852 in the last ninety days. Corporate insiders own 0.37% of the company’s stock.

Cadence Design Systems Company 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.