Values First Advisors Inc. Sells 573 Shares of Cadence Design Systems, Inc. $CDNS

Values First Advisors Inc. cut its position in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 28.3% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,450 shares of the software maker’s stock after selling 573 shares during the quarter. Values First Advisors Inc.’s holdings in Cadence Design Systems were worth $447,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in CDNS. Consilio Wealth Advisors LLC increased its position in Cadence Design Systems by 6.6% in the 2nd quarter. Consilio Wealth Advisors LLC now owns 876 shares of the software maker’s stock valued at $267,000 after acquiring an additional 54 shares during the period. Werba Rubin Papier Wealth Management lifted its stake in shares of Cadence Design Systems by 1.3% in the second quarter. Werba Rubin Papier Wealth Management now owns 3,904 shares of the software maker’s stock valued at $1,203,000 after buying an additional 50 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Cadence Design Systems in the second quarter valued at about $272,000. Bridges Investment Management Inc. increased its holdings in Cadence Design Systems by 32.6% during the second quarter. Bridges Investment Management Inc. now owns 174,072 shares of the software maker’s stock worth $53,640,000 after buying an additional 42,812 shares during the last quarter. Finally, Dock Street Asset Management Inc. increased its holdings in Cadence Design Systems by 4.3% during the second quarter. Dock Street Asset Management Inc. now owns 82,440 shares of the software maker’s stock worth $25,404,000 after buying an additional 3,369 shares during the last quarter. 84.85% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Berenberg Bank set a $400.00 price objective on shares of Cadence Design Systems in a report on Wednesday, July 30th. Piper Sandler restated a “neutral” rating and set a $355.00 price objective (up previously from $328.00) on shares of Cadence Design Systems in a report on Tuesday, July 29th. The Goldman Sachs Group assumed coverage on shares of Cadence Design Systems in a report on Thursday, July 10th. They set a “buy” rating and a $380.00 price objective for the company. Loop Capital raised their price objective on shares of Cadence Design Systems from $370.00 to $390.00 and gave the stock a “buy” rating in a report on Tuesday, July 29th. Finally, BNP Paribas Exane assumed coverage on shares of Cadence Design Systems in a research report on Thursday, October 2nd. They set an “outperform” rating and a $400.00 target price for the company. Thirteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Cadence Design Systems presently has a consensus rating of “Moderate Buy” and an average target price of $368.53.

Insider Buying and Selling

In other news, VP Paul Cunningham sold 1,000 shares of Cadence Design Systems stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $348.27, for a total value of $348,270.00. Following the sale, the vice president directly owned 99,672 shares in the company, valued at approximately $34,712,767.44. This trade represents a 0.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ita M. Brennan sold 180 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $334.51, for a total value of $60,211.80. Following the completion of the transaction, the director owned 7,830 shares of the company’s stock, valued at approximately $2,619,213.30. The trade was a 2.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,680 shares of company stock worth $3,729,852 in the last ninety days. 1.99% of the stock is owned by insiders.

Cadence Design Systems Price Performance

CDNS stock opened at $324.25 on Friday. Cadence Design Systems, Inc. has a 12 month low of $221.56 and a 12 month high of $376.45. The firm has a market capitalization of $88.35 billion, a P/E ratio of 87.64, a price-to-earnings-growth ratio of 4.25 and a beta of 0.99. The company has a current ratio of 2.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.49. The firm has a 50 day moving average of $349.00 and a 200-day moving average of $318.41.

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, topping analysts’ consensus estimates of $1.56 by $0.09. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the business 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. As a group, sell-side analysts predict that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current fiscal year.

About Cadence Design Systems

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.