Fiduciary Family Office LLC Sells 40 Shares of Cadence Design Systems, Inc. $CDNS

Fiduciary Family Office LLC decreased its position in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 4.3% during the second quarter, HoldingsChannel reports. The firm owned 890 shares of the software maker’s stock after selling 40 shares during the quarter. Fiduciary Family Office LLC’s holdings in Cadence Design Systems were worth $274,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Smallwood Wealth Investment Management LLC bought a new position in shares of Cadence Design Systems in the first quarter valued at approximately $25,000. Costello Asset Management INC acquired a new stake in shares of Cadence Design Systems in the first quarter worth $25,000. Barrett & Company Inc. acquired a new stake in shares of Cadence Design Systems in the second quarter worth $31,000. Saudi Central Bank acquired a new stake in shares of Cadence Design Systems in the first quarter worth $27,000. Finally, Valley National Advisers Inc. grew its stake in shares of Cadence Design Systems by 707.1% in the first quarter. Valley National Advisers Inc. now owns 113 shares of the software maker’s stock worth $28,000 after acquiring an additional 99 shares during the last quarter. Institutional investors own 84.85% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CDNS shares. Robert W. Baird raised their price objective 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. JPMorgan Chase & Co. raised their price objective on shares of Cadence Design Systems from $330.00 to $390.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. The Goldman Sachs Group started coverage on shares of Cadence Design Systems in a research note on Thursday, July 10th. They issued a “buy” rating and a $380.00 price objective on the stock. Wells Fargo & Company raised their price objective on shares of Cadence Design Systems from $365.00 to $405.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Cadence Design Systems in a research note on Wednesday, October 8th. Thirteen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $368.53.

Insiders Place Their Bets

In other Cadence Design Systems news, VP Paul Cunningham sold 1,000 shares of Cadence Design Systems stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $348.27, for a total transaction of $348,270.00. Following the completion of the transaction, the vice president directly owned 99,672 shares of the company’s stock, valued at approximately $34,712,767.44. This trade represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO John M. Wall sold 7,500 shares of Cadence Design Systems stock in a transaction on Tuesday, September 30th. The shares were 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 of the company’s stock, valued at approximately $24,690,849.40. The trade was a 9.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,680 shares of company stock worth $3,729,852 over the last 90 days. Corporate insiders own 0.37% of the company’s stock.

Cadence Design Systems Stock Up 1.2%

CDNS opened at $333.45 on Wednesday. Cadence Design Systems, Inc. has a fifty-two week low of $221.56 and a fifty-two week high of $376.45. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.82 and a quick ratio of 2.67. The firm’s fifty day moving average price is $347.69 and its two-hundred day moving average price is $320.51. The company has a market capitalization of $90.86 billion, a P/E ratio of 90.12, a P/E/G ratio of 4.32 and a beta of 0.99.

Cadence Design Systems (NASDAQ:CDNS) last posted its quarterly earnings results on Monday, July 28th. The software maker reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.09. Cadence Design Systems had a net margin of 19.88% and a return on equity of 29.65%. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the previous year, the company earned $1.28 earnings per share. The business’s revenue was up 20.2% compared to the same quarter last year. 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, analysts anticipate that Cadence Design Systems, Inc. will post 5.41 EPS for the current 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.