Cadence Design Systems, Inc. $CDNS is Moran Wealth Management LLC’s 6th Largest Position

Moran Wealth Management LLC lessened its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 2.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 147,147 shares of the software maker’s stock after selling 4,272 shares during the period. Cadence Design Systems comprises approximately 1.4% of Moran Wealth Management LLC’s investment portfolio, making the stock its 6th largest holding. Moran Wealth Management LLC’s holdings in Cadence Design Systems were worth $45,343,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Cornerstone Wealth Group LLC acquired a new position in shares of Cadence Design Systems during the 2nd quarter worth approximately $230,000. NorthRock Partners LLC grew its position in shares of Cadence Design Systems by 14.2% in the second quarter. NorthRock Partners LLC now owns 3,457 shares of the software maker’s stock valued at $1,065,000 after purchasing an additional 429 shares during the period. Verdence Capital Advisors LLC grew its position in shares of Cadence Design Systems by 3.6% in the second quarter. Verdence Capital Advisors LLC now owns 2,642 shares of the software maker’s stock valued at $814,000 after purchasing an additional 92 shares during the period. Sequoia Financial Advisors LLC grew its position in shares of Cadence Design Systems by 42.7% in the second quarter. Sequoia Financial Advisors LLC now owns 6,706 shares of the software maker’s stock valued at $2,066,000 after purchasing an additional 2,005 shares during the period. Finally, Lion Street Advisors LLC lifted its stake in Cadence Design Systems by 12.2% in the 2nd quarter. Lion Street Advisors LLC now owns 1,259 shares of the software maker’s stock valued at $388,000 after buying an additional 137 shares in the last quarter. Hedge funds and other institutional investors own 84.85% of the company’s stock.

Analyst Upgrades and Downgrades

CDNS has been the topic of a number of research reports. Wall Street Zen lowered shares of Cadence Design Systems from a “buy” rating to a “hold” rating in a research note on Sunday, September 21st. Needham & Company LLC boosted their price target on Cadence Design Systems from $325.00 to $390.00 and gave the stock a “buy” rating in a research report on Tuesday, July 29th. Robert W. Baird boosted their price target on Cadence Design Systems from $340.00 to $380.00 and gave the stock an “outperform” rating in a research report on Monday, July 28th. Stifel Nicolaus lifted their target price on shares of Cadence Design Systems from $350.00 to $395.00 and gave the stock a “buy” rating in a research note on Tuesday, July 29th. Finally, Loop Capital lifted their target price on shares of Cadence Design Systems from $370.00 to $390.00 and gave the stock a “buy” rating in a research note on Tuesday, July 29th. Fourteen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $368.53.

Cadence Design Systems Trading Up 1.6%

CDNS opened at $332.23 on Tuesday. Cadence Design Systems, Inc. has a one year low of $221.56 and a one year high of $376.45. The stock has a market capitalization of $90.53 billion, a PE ratio of 89.79, a P/E/G ratio of 4.29 and a beta of 0.99. The business’s 50 day moving average price is $351.02 and its 200 day moving average price is $317.83. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.67 and a current ratio of 2.82.

Cadence Design Systems (NASDAQ:CDNS) last posted its earnings results on Monday, July 28th. The software maker reported $1.65 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the previous year, the business earned $1.28 earnings per share. The company’s revenue for the quarter 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 expect that Cadence Design Systems, Inc. will post 5.41 EPS for the current year.

Insider Buying and Selling

In related news, Director Ita M. Brennan sold 180 shares of the firm’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $334.51, for a total transaction of $60,211.80. Following the completion of the sale, the director directly owned 7,830 shares of the company’s stock, valued at approximately $2,619,213.30. This trade represents a 2.25% decrease in their position. The sale was disclosed in a document filed 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 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 approximately $24,690,849.40. This trade represents a 9.59% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,680 shares of company stock valued at $3,729,852. 0.37% of the stock is currently owned by insiders.

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.