111 Capital Invests $472,000 in Cadence Design Systems, Inc. $CDNS

Key Points

• 111 Capital has invested approximately $472,000 in Cadence Design Systems by acquiring 1,533 shares during the second quarter.
• Cadence reported a quarterly earnings per share of $1.65, exceeding analysts' expectations of $1.56, with revenue showing a 20.2% increase year-over-year.
• Institutional investors own 84.85% of Cadence's stock, indicating significant interest from large investment firms in the company.

111 Capital purchased a new position in Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,533 shares of the software maker's stock, valued at approximately $472,000.

Other large investors have also recently made changes to their positions in the company. Smallwood Wealth Investment Management LLC bought a new stake in shares of Cadence Design Systems in the first quarter worth approximately $25,000. Costello Asset Management INC purchased a new position in shares of Cadence Design Systems in the first quarter worth approximately $25,000. Saudi Central Bank purchased a new position in shares of Cadence Design Systems in the first quarter worth approximately $27,000. Valley National Advisers Inc. boosted its holdings 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 buying an additional 99 shares during the last quarter. Finally, Barrett & Company Inc. purchased a new position in shares of Cadence Design Systems in the second quarter worth approximately $31,000. 84.85% of the stock is currently owned by institutional investors.

Cadence Design Systems Trading Up 0.0%

Shares of CDNS opened at $347.27 on Monday. The company's fifty day moving average is $353.04 and its 200 day moving average is $314.51. Cadence Design Systems, Inc. has a fifty-two week low of $221.56 and a fifty-two week high of $376.45. 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 company has a debt-to-equity ratio of 0.49, a quick ratio of 2.67 and a current ratio of 2.82.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The software maker reported $1.65 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.25 billion. During the same quarter in the previous year, the business posted $1.28 earnings per share. Cadence Design Systems's quarterly revenue was up 20.2% on a year-over-year basis. Cadence Design Systems has set its Q3 2025 guidance at 1.750-1.810 EPS. FY 2025 guidance at 6.850-6.950 EPS. Sell-side analysts expect that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, VP Paul Cunningham sold 1,000 shares of the business's 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 sale, the vice president owned 99,672 shares in the company, valued at approximately $34,712,767.44. The trade was a 0.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ita M. Brennan sold 180 shares of the business's stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $334.51, for a total transaction of $60,211.80. Following the transaction, the director owned 7,830 shares in the company, valued at $2,619,213.30. This trade represents a 2.25% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,680 shares of company stock worth $3,729,852. Insiders own 1.99% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CDNS shares. Wall Street Zen downgraded shares of Cadence Design Systems from a "buy" rating to a "hold" rating in a report on Sunday, September 21st. Needham & Company LLC raised their price objective on shares of Cadence Design Systems from $325.00 to $390.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. The Goldman Sachs Group started coverage on shares of Cadence Design Systems in a report on Thursday, July 10th. They issued a "buy" rating and a $380.00 price objective on the stock. Stifel Nicolaus raised their price objective on shares of Cadence Design Systems from $350.00 to $395.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. Finally, Rosenblatt Securities reissued a "neutral" rating and issued a $300.00 price objective on shares of Cadence Design Systems in a report on Friday, July 25th. Fourteen equities research 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's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $368.53.

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.

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