PKO Investment Management Joint Stock Co Invests $3.34 Million in Cadence Design Systems, Inc. $CDNS

PKO Investment Management Joint Stock Co acquired a new stake in Cadence Design Systems, Inc. (NASDAQ:CDNS) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 9,500 shares of the software maker’s stock, valued at approximately $3,337,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barrett & Company Inc. bought a new position in Cadence Design Systems during the 2nd quarter valued at $31,000. Strategic Wealth Investment Group LLC bought a new position in Cadence Design Systems during the second quarter valued at about $32,000. Promus Capital LLC acquired a new position in Cadence Design Systems during the second quarter worth about $33,000. Robbins Farley bought a new stake in Cadence Design Systems in the third quarter worth about $35,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its position in Cadence Design Systems by 41.1% in the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 127 shares of the software maker’s stock worth $39,000 after acquiring an additional 37 shares in the last quarter. Institutional investors own 84.85% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on CDNS. KeyCorp reaffirmed an “overweight” rating and issued a $405.00 price objective on shares of Cadence Design Systems in a research note on Tuesday, October 28th. JPMorgan Chase & Co. lifted their price target on shares of Cadence Design Systems from $390.00 to $405.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. BNP Paribas Exane began coverage on Cadence Design Systems in a report on Thursday, October 2nd. They issued an “outperform” rating and a $400.00 price target on the stock. Wall Street Zen lowered Cadence Design Systems from a “buy” rating to a “hold” rating in a research note on Sunday, September 21st. Finally, BNP Paribas began coverage on Cadence Design Systems in a report on Thursday, October 2nd. They issued an “outperform” rating and a $400.00 target price on the stock. Fourteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Cadence Design Systems has an average rating of “Moderate Buy” and an average price target of $380.72.

Insider Buying and Selling

In related news, CFO John M. Wall sold 27,805 shares of the stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $318.57, for a total transaction of $8,857,838.85. Following the completion of the sale, the chief financial officer directly owned 69,957 shares in the company, valued at approximately $22,286,201.49. This trade represents a 28.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Paul Cunningham sold 1,000 shares of Cadence Design Systems stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $315.70, for a total value of $315,700.00. Following the sale, the vice president directly owned 96,067 shares of the company’s stock, valued at approximately $30,328,351.90. The trade was a 1.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 62,025 shares of company stock worth $20,369,946. Insiders own 0.37% of the company’s stock.

Cadence Design Systems Stock Down 0.5%

NASDAQ:CDNS opened at $325.51 on Tuesday. The business’s fifty day moving average price is $318.30 and its 200 day moving average price is $333.45. The firm has a market capitalization of $88.60 billion, a price-to-earnings ratio of 83.89, a PEG ratio of 3.65 and a beta of 1.02. The company has a current ratio of 3.05, a quick ratio of 2.84 and a debt-to-equity ratio of 0.48. 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 released its earnings results on Monday, October 27th. The software maker reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.14. The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.64 EPS. Cadence Design Systems has set its FY 2025 guidance at 7.020-7.080 EPS and its Q4 2025 guidance at 1.880-1.940 EPS. On average, sell-side analysts forecast that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current fiscal year.

Cadence Design Systems Profile

Cadence Design Systems, Inc (NASDAQ: CDNS) is a global provider of electronic design automation (EDA) software, hardware and intellectual property used to design and verify advanced semiconductor chips, systems-on-chip (SoCs), printed circuit boards (PCBs) and packaging. Headquartered in San Jose, California and founded in 1988, Cadence serves semiconductor companies, original equipment manufacturers and system designers across the globe, helping customers accelerate design cycles and manage the complexity of modern integrated systems.

The company’s offerings span software tools for digital, custom/analog and mixed-signal design, verification and signoff, as well as solutions for system-level modeling, thermal and signal integrity analysis, and PCB and package design.