Nissay Asset Management Corp Japan ADV Increases Position in Cadence Design Systems, Inc. $CDNS

Key Points

• Nissay Asset Management Corp Japan ADV significantly increased its stake in Cadence Design Systems by 77.9% during Q1, owning approximately 0.08% of the company, valued at $56.56 million.
• Cadence Design Systems reported an EPS of $1.65 for its last quarter, surpassing analysts' expectations of $1.56, with a revenue of $1.28 billion, which is a 20.2% year-over-year increase.
• Analysts have a positive outlook on Cadence Design Systems, with 12 analysts rating it a Buy and an average price target of $364.33.

Nissay Asset Management Corp Japan ADV boosted its holdings in Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) by 77.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 222,397 shares of the software maker's stock after buying an additional 97,350 shares during the quarter. Nissay Asset Management Corp Japan ADV owned approximately 0.08% of Cadence Design Systems worth $56,562,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CDNS. GAMMA Investing LLC increased its holdings in Cadence Design Systems by 31,049.1% in the first quarter. GAMMA Investing LLC now owns 1,218,241 shares of the software maker's stock valued at $309,835,000 after buying an additional 1,214,330 shares during the last quarter. Nuveen LLC purchased a new position in Cadence Design Systems in the first quarter valued at $289,744,000. Jennison Associates LLC increased its holdings in Cadence Design Systems by 13.2% in the first quarter. Jennison Associates LLC now owns 9,064,953 shares of the software maker's stock valued at $2,305,489,000 after buying an additional 1,054,702 shares during the last quarter. Vanguard Group Inc. increased its holdings in Cadence Design Systems by 1.7% in the first quarter. Vanguard Group Inc. now owns 26,339,142 shares of the software maker's stock valued at $6,698,834,000 after buying an additional 429,955 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Cadence Design Systems by 10.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,416,269 shares of the software maker's stock valued at $1,326,912,000 after buying an additional 427,418 shares during the last quarter. Hedge funds and other institutional investors own 84.85% of the company's stock.

Cadence Design Systems Stock Performance

Shares of CDNS traded up $1.68 during mid-day trading on Friday, hitting $351.01. 1,115,780 shares of the company's stock were exchanged, compared to its average volume of 1,239,273. Cadence Design Systems, Inc. has a fifty-two week low of $221.56 and a fifty-two week high of $376.45. The firm has a market capitalization of $95.65 billion, a P/E ratio of 94.87, a P/E/G ratio of 4.60 and a beta of 1.00. The business's 50 day moving average is $339.27 and its two-hundred day moving average is $299.55. 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 (NASDAQ:CDNS - Get Free Report) last announced its 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 business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the prior year, the firm earned $1.28 earnings per share. The business's quarterly 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, equities analysts expect that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CDNS has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their target price on Cadence Design Systems from $330.00 to $390.00 and gave the company an "overweight" rating in a report on Tuesday, July 29th. Piper Sandler restated 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. Mizuho upped their price objective on shares of Cadence Design Systems from $360.00 to $375.00 and gave the company an "outperform" rating in a research note on Tuesday, July 29th. Stifel Nicolaus upped their price objective on shares of Cadence Design Systems from $350.00 to $395.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Finally, Needham & Company LLC upped their price objective on shares of Cadence Design Systems from $325.00 to $390.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Twelve research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $364.33.

Insider Activity

In other news, Director Ita M. Brennan sold 180 shares of the stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $304.00, for a total transaction of $54,720.00. Following the completion of the sale, the director owned 8,010 shares in the company, valued at approximately $2,435,040. This represents a 2.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Paul Cunningham sold 1,000 shares of the firm's stock in a transaction dated 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. The trade was a 0.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,180 shares of company stock valued at $1,365,740 in the last quarter. Insiders own 0.37% of the company's stock.

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.