Arista Wealth Management LLC Takes Position in Cadence Design Systems, Inc. $CDNS

Key Points

• Arista Wealth Management LLC has acquired a new stake in Cadence Design Systems, purchasing 7,749 shares valued at approximately $2.4 million in the second quarter.
• Institutional investors own 84.85% of Cadence's stock, highlighting strong interest from the investment community.
• Cadence Design Systems reported a 20.2% year-over-year increase in revenue, with quarterly earnings surpassing estimates at $1.65 per share.

Arista Wealth Management LLC purchased a new stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 7,749 shares of the software maker's stock, valued at approximately $2,388,000.

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

Insiders Place Their Bets

In other 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 transaction of $348,270.00. Following the sale, the vice president directly owned 99,672 shares of the company's stock, valued at $34,712,767.44. The trade was a 0.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ita M. Brennan sold 180 shares of the company'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 completion of the sale, the director directly owned 7,830 shares in the company, valued at approximately $2,619,213.30. The trade was a 2.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,680 shares of company stock valued at $3,729,852. 1.99% of the stock is currently owned by insiders.

Cadence Design Systems Price Performance

NASDAQ CDNS opened at $324.25 on Friday. The firm's fifty day simple moving average is $349.00 and its two-hundred day simple moving average is $318.41. The company has a current ratio of 2.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.49. 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 P/E/G ratio of 4.25 and a beta of 0.99.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The software maker reported $1.65 earnings per share (EPS) 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 business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period in the previous year, the company earned $1.28 earnings per share. The business's revenue for the quarter 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. Analysts forecast that Cadence Design Systems, Inc. will post 5.41 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Piper Sandler reissued a "neutral" rating and issued a $355.00 price objective (up previously from $328.00) on shares of Cadence Design Systems in a research note on Tuesday, July 29th. Wall Street Zen downgraded shares of Cadence Design Systems from a "buy" rating to a "hold" rating in a research note on Sunday, September 21st. Wells Fargo & Company boosted 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. The Goldman Sachs Group assumed 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 for the company. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Cadence Design Systems in a research note on Wednesday, October 8th. Thirteen research 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's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $368.53.

Cadence Design Systems Company 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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