Ethic Inc. Has $8.01 Million Holdings in Cadence Design Systems, Inc. $CDNS

Ethic Inc. lifted its position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 4.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 26,255 shares of the software maker’s stock after purchasing an additional 1,221 shares during the quarter. Ethic Inc.’s holdings in Cadence Design Systems were worth $8,013,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Caliber Wealth Management LLC KS raised its position in Cadence Design Systems by 105.5% in the 2nd quarter. Caliber Wealth Management LLC KS now owns 4,985 shares of the software maker’s stock valued at $1,536,000 after purchasing an additional 2,559 shares during the last quarter. Brookstone Capital Management boosted its holdings in Cadence Design Systems by 32.3% in the second quarter. Brookstone Capital Management now owns 23,057 shares of the software maker’s stock valued at $7,105,000 after acquiring an additional 5,627 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in Cadence Design Systems by 3.5% in the second quarter. D.A. Davidson & CO. now owns 3,258 shares of the software maker’s stock valued at $1,004,000 after acquiring an additional 111 shares during the last quarter. Whittier Trust Co. increased its holdings in Cadence Design Systems by 3.5% in the second quarter. Whittier Trust Co. now owns 7,042 shares of the software maker’s stock valued at $2,170,000 after purchasing an additional 235 shares during the last quarter. Finally, Klingman & Associates LLC bought a new stake in Cadence Design Systems in the second quarter valued at about $203,000. Institutional investors and hedge funds own 84.85% of the company’s stock.

Cadence Design Systems Stock Down 0.9%

Shares of Cadence Design Systems stock opened at $330.51 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.82 and a quick ratio of 2.67. The company has a market capitalization of $90.06 billion, a P/E ratio of 89.33, a price-to-earnings-growth ratio of 4.37 and a beta of 0.99. Cadence Design Systems, Inc. has a 1 year low of $221.56 and a 1 year high of $376.45. The business has a 50-day moving average of $347.32 and a two-hundred day moving average of $320.58.

Cadence Design Systems (NASDAQ:CDNS) last posted 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. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. Cadence Design Systems had a return on equity of 29.65% and a net margin of 19.88%.Cadence Design Systems’s quarterly revenue was up 20.2% on a year-over-year basis. During the same period last year, the company 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, equities analysts predict that Cadence Design Systems, Inc. will post 5.41 EPS for the current year.

Analysts Set New Price Targets

CDNS has been the subject of a number of recent analyst reports. Loop Capital upped their price objective on Cadence Design Systems from $370.00 to $390.00 and gave the company a “buy” rating in a report on Tuesday, July 29th. KeyCorp upped their price objective on Cadence Design Systems from $358.00 to $405.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. Wall Street Zen downgraded Cadence Design Systems from a “buy” rating to a “hold” rating in a report on Sunday, September 21st. Berenberg Bank set a $400.00 price target on Cadence Design Systems in a report on Wednesday, July 30th. Finally, Needham & Company LLC increased their price target on Cadence Design Systems from $325.00 to $390.00 and gave the stock a “buy” rating in a report on Tuesday, July 29th. Thirteen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $369.71.

Insider Buying and Selling

In related news, VP Paul Cunningham sold 1,000 shares of the stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $348.27, for a total transaction of $348,270.00. Following the completion of the transaction, the vice president directly owned 99,672 shares in the company, valued at approximately $34,712,767.44. This trade represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO John M. Wall sold 7,500 shares of the stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $349.16, for a total value of $2,618,700.00. Following the transaction, the chief financial officer owned 70,715 shares of the company’s stock, valued at approximately $24,690,849.40. The trade was a 9.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,680 shares of company stock worth $3,729,852. 1.99% of the stock is owned by corporate insiders.

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.