Cadence Design Systems, Inc. $CDNS Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset Global Investments Co. Ltd. increased its holdings in Cadence Design Systems by 10.9% in the second quarter, owning approximately $44 million worth of shares.
• Insider transactions included CFO John M. Wall selling 7,500 shares for $2.6 million, resulting in a nearly 10% decrease in his ownership.
• Cadence Design Systems reported a revenue of $1.28 billion for its last quarter, exceeding estimates, with earnings guidance set between $1.750-1.810 EPS for Q3 2025.

Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) by 10.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 142,994 shares of the software maker's stock after buying an additional 14,022 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.05% of Cadence Design Systems worth $44,064,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Brighton Jones LLC lifted its position in Cadence Design Systems by 80.2% in the fourth quarter. Brighton Jones LLC now owns 1,519 shares of the software maker's stock worth $456,000 after purchasing an additional 676 shares during the period. Two Sigma Investments LP acquired a new stake in Cadence Design Systems in the fourth quarter worth approximately $1,352,000. NBC Securities Inc. lifted its position in Cadence Design Systems by 139,550.0% in the first quarter. NBC Securities Inc. now owns 2,793 shares of the software maker's stock worth $710,000 after purchasing an additional 2,791 shares during the period. Merit Financial Group LLC lifted its position in Cadence Design Systems by 42.6% in the first quarter. Merit Financial Group LLC now owns 3,165 shares of the software maker's stock worth $805,000 after purchasing an additional 946 shares during the period. Finally, Secure Asset Management LLC acquired a new stake in Cadence Design Systems in the first quarter worth approximately $283,000. 84.85% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Cadence Design Systems

In other news, CFO John M. Wall sold 7,500 shares of the company's stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $349.16, for a total value of $2,618,700.00. Following the transaction, the chief financial officer directly owned 70,715 shares of the company's stock, valued at approximately $24,690,849.40. This represents a 9.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Paul Cunningham sold 1,000 shares of the company's stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $348.27, for a total transaction of $348,270.00. Following the completion of the transaction, the vice president directly owned 99,672 shares in the company, valued at $34,712,767.44. This trade represents a 0.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,680 shares of company stock valued at $3,729,852. 1.99% of the stock is owned by insiders.

Cadence Design Systems Trading Down 1.3%

NASDAQ CDNS opened at $347.24 on Friday. Cadence Design Systems, Inc. has a 1-year low of $221.56 and a 1-year high of $376.45. The company has a current ratio of 2.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $94.62 billion, a PE ratio of 93.85, a price-to-earnings-growth ratio of 4.62 and a beta of 0.99. The firm's fifty day simple moving average is $352.74 and its 200-day simple moving average is $313.09.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The software maker reported $1.65 earnings per share for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $1.25 billion. During the same period in the prior year, the business posted $1.28 earnings per share. Cadence Design Systems's revenue for the quarter 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. As a group, sell-side analysts anticipate that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CDNS shares. Wells Fargo & Company upped their target price on Cadence Design Systems from $365.00 to $405.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. The Goldman Sachs Group assumed coverage on Cadence Design Systems in a research report on Thursday, July 10th. They set a "buy" rating and a $380.00 price objective for the company. Rosenblatt Securities reiterated a "neutral" rating and set a $300.00 price objective on shares of Cadence Design Systems in a research report on Friday, July 25th. BNP Paribas assumed coverage on Cadence Design Systems in a research report on Thursday. They set an "outperform" rating and a $400.00 price objective for the company. Finally, Needham & Company LLC increased their price objective on Cadence Design Systems from $325.00 to $390.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Fourteen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target 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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