Marshall Financial Group LLC Raises Position in Cadence Design Systems, Inc. $CDNS

Marshall Financial Group LLC grew its holdings in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 65.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 7,961 shares of the software maker’s stock after purchasing an additional 3,160 shares during the period. Marshall Financial Group LLC’s holdings in Cadence Design Systems were worth $2,550,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Fulton Bank N.A. grew its position in Cadence Design Systems by 9.1% in the 2nd quarter. Fulton Bank N.A. now owns 1,124 shares of the software maker’s stock worth $346,000 after purchasing an additional 94 shares during the period. Atticus Wealth Management LLC bought a new stake in shares of Cadence Design Systems during the 2nd quarter valued at $124,000. Mn Services Vermogensbeheer B.V. grew its position in shares of Cadence Design Systems by 2.5% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 103,437 shares of the software maker’s stock valued at $31,874,000 after acquiring an additional 2,500 shares during the period. Wedmont Private Capital grew its position in shares of Cadence Design Systems by 4.8% during the 2nd quarter. Wedmont Private Capital now owns 8,997 shares of the software maker’s stock valued at $2,905,000 after acquiring an additional 414 shares during the period. Finally, Swedbank AB grew its position in shares of Cadence Design Systems by 3.4% during the 2nd quarter. Swedbank AB now owns 1,979,920 shares of the software maker’s stock valued at $610,112,000 after acquiring an additional 64,514 shares during the period. 84.85% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Paul Cunningham sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $343.95, for a total transaction of $343,950.00. Following the completion of the transaction, the vice president owned 102,499 shares in the company, valued at approximately $35,254,531.05. This trade represents a 0.97% decrease in their position. The transaction was disclosed in a document filed 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 dated Wednesday, September 10th. The shares were sold at an average price of $334.51, for a total transaction of $60,211.80. Following the transaction, the director 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 disclosure for this sale can be found here. Insiders have sold 3,180 shares of company stock valued at $1,069,232 in the last 90 days. Insiders own 1.99% of the company’s stock.

Cadence Design Systems Stock Down 0.5%

CDNS stock opened at $347.27 on Thursday. 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, Inc. has a one year low of $221.56 and a one year high of $376.45. The company has a fifty day moving average of $344.37 and a 200-day moving average of $304.34. The stock has a market capitalization of $94.63 billion, a PE ratio of 93.86, a price-to-earnings-growth ratio of 4.58 and a beta of 1.00.

Cadence Design Systems (NASDAQ:CDNS) last issued its quarterly earnings results on Monday, July 28th. The software maker reported $1.65 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 net margin of 19.88% and a return on equity of 29.65%. The company’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $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, analysts expect that Cadence Design Systems, Inc. will post 5.41 EPS for the current year.

Analyst Ratings Changes

CDNS has been the topic of several research analyst reports. Wall Street Zen upgraded shares of Cadence Design Systems from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Loop Capital upped their target price on shares of Cadence Design Systems from $370.00 to $390.00 and gave the company a “buy” rating in a research report on Tuesday, July 29th. Berenberg Bank set a $400.00 price objective on shares of Cadence Design Systems in a research report on Wednesday, July 30th. KeyCorp increased their price objective on shares of Cadence Design Systems from $358.00 to $405.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Finally, Robert W. Baird upped their target price on shares of Cadence Design Systems from $340.00 to $380.00 and gave the stock an “outperform” rating in a research note on Monday, July 28th. Twelve research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $364.33.

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.