FengHe Fund Management Pte. Ltd. Purchases New Shares in Cadence Design Systems, Inc. $CDNS

FengHe Fund Management Pte. Ltd. bought a new stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 69,300 shares of the software maker’s stock, valued at approximately $21,355,000. Cadence Design Systems accounts for about 3.5% of FengHe Fund Management Pte. Ltd.’s portfolio, making the stock its 12th largest position.

A number of other institutional investors have also recently modified their holdings of the business. Smallwood Wealth Investment Management LLC acquired a new stake in Cadence Design Systems in the first quarter valued at approximately $25,000. Costello Asset Management INC acquired a new stake in Cadence Design Systems in the 1st quarter valued at $25,000. Saudi Central Bank acquired a new stake in Cadence Design Systems in the 1st quarter valued at $27,000. Valley National Advisers Inc. grew its stake in 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, Meeder Asset Management Inc. grew its position in shares of Cadence Design Systems by 36.5% in the first quarter. Meeder Asset Management Inc. now owns 172 shares of the software maker’s stock valued at $44,000 after purchasing an additional 46 shares during the period. 84.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CDNS has been the topic of several research analyst reports. Wells Fargo & Company lifted their target price on shares of Cadence Design Systems from $365.00 to $405.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. KeyCorp lifted their price objective on Cadence Design Systems from $358.00 to $405.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Stifel Nicolaus lifted their price target on Cadence Design Systems from $350.00 to $395.00 and gave the stock a “buy” rating in a research note on Tuesday, July 29th. Wall Street Zen lowered Cadence Design Systems from a “buy” rating to a “hold” rating in a research note on Sunday, September 21st. Finally, JPMorgan Chase & Co. boosted their price target on shares of Cadence Design Systems from $330.00 to $390.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Twelve investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $364.33.

Insiders Place Their Bets

In related news, VP Paul Cunningham sold 1,000 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $343.95, for a total transaction of $343,950.00. Following the transaction, the vice president owned 102,499 shares of the company’s stock, valued at approximately $35,254,531.05. This represents a 0.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ita M. Brennan sold 180 shares of the stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $334.51, for a total value of $60,211.80. Following the transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold 2,180 shares of company stock worth $762,882 over the last 90 days. 1.99% of the stock is owned by insiders.

Cadence Design Systems Stock Performance

Shares of Cadence Design Systems stock opened at $351.97 on Thursday. Cadence Design Systems, Inc. has a 52 week low of $221.56 and a 52 week high of $376.45. The business’s fifty day simple moving average is $352.28 and its 200-day simple moving average is $312.46. The firm has a market cap of $95.91 billion, a PE ratio of 95.13, a price-to-earnings-growth ratio of 4.61 and a beta of 0.99. 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 announced its quarterly earnings results on Monday, July 28th. The software maker reported $1.65 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 business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the prior year, the company posted $1.28 EPS. The company’s quarterly 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. Equities analysts forecast that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current year.

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.