Cadence Design Systems, Inc. $CDNS Shares Bought by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC grew its holdings in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 1,447.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,099 shares of the software maker’s stock after buying an additional 86,148 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Cadence Design Systems were worth $34,567,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Avalon Trust Co purchased a new position in Cadence Design Systems in the second quarter valued at about $30,000. Fiduciary Financial Advisors acquired a new stake in Cadence Design Systems in the 2nd quarter valued at about $31,000. University of Texas Texas AM Investment Management Co. purchased a new position in Cadence Design Systems during the 4th quarter valued at about $28,000. Arlington Trust Co LLC raised its position in Cadence Design Systems by 154.3% during the second quarter. Arlington Trust Co LLC now owns 89 shares of the software maker’s stock worth $33,000 after acquiring an additional 54 shares during the last quarter. Finally, Imprint Wealth LLC acquired a new position in Cadence Design Systems during the third quarter worth about $31,000. Institutional investors and hedge funds own 84.85% of the company’s stock.

Insider Activity at Cadence Design Systems

In other news, VP Paul Cunningham sold 2,000 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $323.32, for a total transaction of $646,640.00. Following the transaction, the vice president directly owned 124,586 shares in the company, valued at $40,281,145.52. This represents a 1.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paul Scannell sold 280 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $339.00, for a total transaction of $94,920.00. Following the completion of the sale, the vice president directly owned 31,720 shares in the company, valued at $10,753,080. This represents a 0.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 7,041 shares of company stock worth $2,500,865. 0.49% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Weiss Ratings upgraded shares of Cadence Design Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 30th. Stifel Nicolaus upped their target price on Cadence Design Systems from $395.00 to $432.00 and gave the company a “buy” rating in a research note on Tuesday, June 9th. Wells Fargo & Company increased their target price on Cadence Design Systems from $400.00 to $425.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Bank of America raised their price target on Cadence Design Systems from $400.00 to $420.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. Finally, Wall Street Zen raised Cadence Design Systems from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Thirteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Cadence Design Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $405.69.

Cadence Design Systems Price Performance

Shares of NASDAQ:CDNS opened at $284.11 on Wednesday. The company has a market cap of $78.24 billion, a P/E ratio of 56.48, a P/E/G ratio of 3.14 and a beta of 1.14. The business has a fifty day simple moving average of $338.15 and a 200-day simple moving average of $333.97. Cadence Design Systems, Inc. has a 52 week low of $262.75 and a 52 week high of $416.69. The company has a quick ratio of 1.53, a current ratio of 1.74 and a debt-to-equity ratio of 0.36.

Cadence Design Systems (NASDAQ:CDNS) last released its earnings results on Monday, July 27th. The software maker reported $2.11 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.06. Cadence Design Systems had a return on equity of 27.98% and a net margin of 23.60%.The firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the prior year, the business posted $1.65 earnings per share. The firm’s revenue for the quarter was up 24.2% compared to the same quarter last year. Cadence Design Systems has set its FY 2026 guidance at 8.050-8.150 EPS and its Q3 2026 guidance at 2.010-2.070 EPS. Equities research analysts forecast that Cadence Design Systems, Inc. will post 6.4 EPS for the current year.

About Cadence Design Systems

Cadence Design Systems, Inc is a technology company that develops electronic design automation (EDA) software, hardware and semiconductor intellectual property (IP). Its products help engineers design, verify and analyze integrated circuits, printed circuit boards and complete electronic systems.

The company offers solutions spanning digital and custom IC design, functional verification, digital and analog simulation, emulation and prototyping, system analysis, and 3D computational fluid dynamics.