Bank Hapoalim BM Makes New Investment in Cadence Design Systems, Inc. $CDNS

Bank Hapoalim BM bought a new position in Cadence Design Systems, Inc. (NASDAQ:CDNS) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 705 shares of the software maker’s stock, valued at approximately $217,000.

A number of other large investors have also recently modified their holdings of the business. Brighton Jones LLC grew its stake in Cadence Design Systems by 80.2% in the 4th quarter. Brighton Jones LLC now owns 1,519 shares of the software maker’s stock worth $456,000 after buying an additional 676 shares in the last quarter. Merit Financial Group LLC lifted its position in Cadence Design Systems by 42.6% in the first quarter. Merit Financial Group LLC now owns 3,165 shares of the software maker’s stock valued at $805,000 after purchasing an additional 946 shares during the last quarter. KRS Capital Management LLC lifted its position in Cadence Design Systems by 2.2% in the first quarter. KRS Capital Management LLC now owns 2,363 shares of the software maker’s stock valued at $601,000 after purchasing an additional 50 shares during the last quarter. Congress Asset Management Co. increased its stake in shares of Cadence Design Systems by 1.8% during the first quarter. Congress Asset Management Co. now owns 33,755 shares of the software maker’s stock valued at $8,585,000 after buying an additional 612 shares during the period. Finally, First Affirmative Financial Network increased its stake in shares of Cadence Design Systems by 5.6% during the first quarter. First Affirmative Financial Network now owns 1,719 shares of the software maker’s stock valued at $437,000 after buying an additional 91 shares during the period. Institutional investors own 84.85% of the company’s stock.

Insider Buying and Selling

In other news, CFO John M. Wall sold 7,500 shares of Cadence Design Systems stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $349.16, for a total value of $2,618,700.00. Following the transaction, the chief financial officer directly owned 70,715 shares in the company, valued at approximately $24,690,849.40. This trade represents a 9.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Paul Cunningham sold 1,000 shares of Cadence Design Systems stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $348.27, for a total value of $348,270.00. Following the completion of the transaction, the vice president owned 99,672 shares in the company, valued at $34,712,767.44. This represents a 0.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 10,680 shares of company stock valued at $3,729,852. Insiders own 1.99% of the company’s stock.

Analyst Ratings Changes

CDNS has been the topic of several recent research reports. Loop Capital upped their price target on Cadence Design Systems from $370.00 to $390.00 and gave the stock a “buy” rating in a research note on Tuesday, July 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Cadence Design Systems in a report on Saturday, September 27th. Wall Street Zen downgraded Cadence Design Systems from a “buy” rating to a “hold” rating in a report on Sunday, September 21st. Mizuho increased their target price on Cadence Design Systems from $360.00 to $375.00 and gave the company an “outperform” rating in a report on Tuesday, July 29th. Finally, Robert W. Baird increased their target price on Cadence Design Systems from $340.00 to $380.00 and gave the company an “outperform” rating in a report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $368.53.

Cadence Design Systems Stock Performance

NASDAQ CDNS opened at $347.27 on Friday. The stock has a market capitalization of $94.63 billion, a PE ratio of 93.86, a P/E/G ratio of 4.55 and a beta of 0.99. The business has a 50 day simple moving average of $353.04 and a two-hundred day simple moving average of $313.74. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.82 and a quick ratio of 2.67. Cadence Design Systems, Inc. has a 1-year low of $221.56 and a 1-year high of $376.45.

Cadence Design Systems (NASDAQ:CDNS) last posted its quarterly earnings data on Monday, July 28th. The software maker reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.09. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. Cadence Design Systems had a return on equity of 29.65% and a net margin of 19.88%.The company’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same period last year, the company earned $1.28 EPS. Cadence Design Systems has set its Q3 2025 guidance at 1.750-1.810 EPS. FY 2025 guidance at 6.850-6.950 EPS. On average, research analysts predict that Cadence Design Systems, Inc. will post 5.41 EPS for the current fiscal year.

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.