Cadence Design Systems, Inc. $CDNS Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. cut its holdings in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 1.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 224,063 shares of the software maker’s stock after selling 2,507 shares during the quarter. Vontobel Holding Ltd. owned about 0.08% of Cadence Design Systems worth $78,704,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in CDNS. Saudi Central Bank acquired a new position in Cadence Design Systems in the 1st quarter valued at about $27,000. Barrett & Company Inc. purchased a new stake in shares of Cadence Design Systems during the second quarter worth approximately $31,000. Strategic Wealth Investment Group LLC purchased a new stake in shares of Cadence Design Systems during the second quarter worth approximately $32,000. Promus Capital LLC acquired a new stake in shares of Cadence Design Systems during the second quarter worth $33,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its position in Cadence Design Systems by 41.1% in the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 127 shares of the software maker’s stock valued at $39,000 after buying an additional 37 shares during the last quarter. 84.85% of the stock is owned by hedge funds and other institutional investors.

Cadence Design Systems Price Performance

Shares of NASDAQ:CDNS opened at $316.93 on Wednesday. The firm has a market capitalization of $86.27 billion, a price-to-earnings ratio of 81.68, a price-to-earnings-growth ratio of 4.08 and a beta of 1.05. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.05 and a quick ratio of 2.84. The business’s 50 day simple moving average is $323.57 and its 200-day simple moving average is $331.85. Cadence Design Systems, Inc. has a 12 month low of $221.56 and a 12 month high of $376.45.

Cadence Design Systems (NASDAQ:CDNS) last issued its quarterly earnings data on Monday, October 27th. The software maker reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $0.14. The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Cadence Design Systems had a return on equity of 30.13% and a net margin of 20.35%.Cadence Design Systems’s revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.64 earnings per share. Cadence Design Systems has set its FY 2025 guidance at 7.020-7.080 EPS and its Q4 2025 guidance at 1.880-1.940 EPS. As a group, equities analysts forecast that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current fiscal year.

Insider Transactions at Cadence Design Systems

In other Cadence Design Systems news, CFO John M. Wall sold 27,805 shares of Cadence Design Systems stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $318.57, for a total transaction of $8,857,838.85. Following the completion of the transaction, the chief financial officer owned 69,957 shares in the company, valued at approximately $22,286,201.49. The trade was a 28.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ita M. Brennan sold 180 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $337.48, for a total transaction of $60,746.40. Following the transaction, the director directly owned 7,650 shares of the company’s stock, valued at approximately $2,581,722. This trade represents a 2.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 69,525 shares of company stock worth $23,021,216 in the last 90 days. Insiders own 0.37% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on CDNS shares. Wall Street Zen cut shares of Cadence Design Systems from a “buy” rating to a “hold” rating in a research note on Sunday, September 21st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cadence Design Systems in a research note on Monday, December 15th. Needham & Company LLC reissued a “buy” rating and set a $390.00 price target on shares of Cadence Design Systems in a report on Monday. Robert W. Baird lifted their price objective on Cadence Design Systems from $390.00 to $418.00 and gave the company an “outperform” rating in a report on Tuesday, October 28th. Finally, Wolfe Research reiterated an “outperform” rating and set a $385.00 target price on shares of Cadence Design Systems in a research report on Tuesday, October 28th. Fifteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Cadence Design Systems presently has an average rating of “Moderate Buy” and an average price target of $379.11.

Cadence Design Systems Profile

Cadence Design Systems, Inc (NASDAQ: CDNS) is a global provider of electronic design automation (EDA) software, hardware and intellectual property used to design and verify advanced semiconductor chips, systems-on-chip (SoCs), printed circuit boards (PCBs) and packaging. Headquartered in San Jose, California and founded in 1988, Cadence serves semiconductor companies, original equipment manufacturers and system designers across the globe, helping customers accelerate design cycles and manage the complexity of modern integrated systems.

The company’s offerings span software tools for digital, custom/analog and mixed-signal design, verification and signoff, as well as solutions for system-level modeling, thermal and signal integrity analysis, and PCB and package design.