Edmond DE Rothschild Holding S.A. Acquires 2,104 Shares of Cadence Design Systems, Inc. $CDNS

Edmond DE Rothschild Holding S.A. grew its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 12.5% in the second quarter, Holdings Channel.com reports. The institutional investor owned 18,996 shares of the software maker’s stock after buying an additional 2,104 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Cadence Design Systems were worth $5,854,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CDNS. Tiemann Investment Advisors LLC grew its stake in Cadence Design Systems by 2.9% in the 2nd quarter. Tiemann Investment Advisors LLC now owns 1,050 shares of the software maker’s stock valued at $324,000 after buying an additional 30 shares during the last quarter. Petros Family Wealth LLC boosted its holdings in Cadence Design Systems by 2.6% during the second quarter. Petros Family Wealth LLC now owns 1,277 shares of the software maker’s stock valued at $394,000 after acquiring an additional 32 shares during the period. Hemington Wealth Management grew its position in shares of Cadence Design Systems by 14.0% in the second quarter. Hemington Wealth Management now owns 261 shares of the software maker’s stock valued at $80,000 after purchasing an additional 32 shares during the last quarter. Empower Advisory Group LLC grew its position in shares of Cadence Design Systems by 4.1% in the first quarter. Empower Advisory Group LLC now owns 911 shares of the software maker’s stock valued at $232,000 after purchasing an additional 36 shares during the last quarter. Finally, Gamco Investors INC. ET AL increased its stake in shares of Cadence Design Systems by 0.3% in the first quarter. Gamco Investors INC. ET AL now owns 13,337 shares of the software maker’s stock worth $3,392,000 after purchasing an additional 36 shares during the period. 84.85% of the stock is owned by institutional investors.

Insider Activity

In other news, VP Paul Cunningham sold 1,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the vice president owned 102,499 shares of the company’s stock, valued at approximately $35,254,531.05. This trade represents a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO John M. Wall sold 7,500 shares of Cadence Design Systems stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $349.16, for a total transaction of $2,618,700.00. Following the completion of the transaction, the chief financial officer owned 70,715 shares of the company’s stock, valued at $24,690,849.40. This trade represents a 9.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 16,230 shares of company stock valued at $5,530,682. Company insiders own 1.99% of the company’s stock.

Wall Street Analysts Forecast Growth

CDNS has been the topic of a number of research analyst reports. Loop Capital raised their target price on Cadence Design Systems from $370.00 to $390.00 and gave the company a “buy” rating in a report on Tuesday, July 29th. BNP Paribas Exane began coverage on Cadence Design Systems in a research report on Thursday, October 2nd. They issued an “outperform” rating and a $400.00 price objective for the company. Wall Street Zen lowered shares of Cadence Design Systems from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cadence Design Systems in a research note on Thursday, November 13th. Finally, Oppenheimer raised their price target on shares of Cadence Design Systems from $200.00 to $225.00 and gave the stock an “underperform” rating in a research report on Tuesday, October 28th. Fifteen equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $376.47.

Cadence Design Systems Price Performance

Cadence Design Systems stock opened at $303.66 on Wednesday. The business has a 50 day simple moving average of $334.86 and a 200 day simple moving average of $329.75. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.05 and a quick ratio of 2.67. The company has a market capitalization of $82.66 billion, a PE ratio of 78.26, a price-to-earnings-growth ratio of 4.55 and a beta of 1.00. Cadence Design Systems, Inc. has a one year low of $221.56 and a one year high of $376.45.

Cadence Design Systems (NASDAQ:CDNS) last released its quarterly earnings data on Monday, October 27th. The software maker reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $0.14. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.32 billion. Cadence Design Systems had a return on equity of 30.13% and a net margin of 20.35%.The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.64 earnings per share. Cadence Design Systems has set its FY 2025 guidance at 7.020-7.080 EPS. Q4 2025 guidance at 1.880-1.940 EPS. On average, sell-side analysts forecast that Cadence Design Systems, Inc. will post 5.41 EPS 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.