CW Advisors LLC Has $673,000 Position in Cadence Design Systems, Inc. $CDNS

Key Points

• CW Advisors LLC reduced its stake in Cadence Design Systems by 46.1%, selling 2,251 shares in the first quarter, leaving them with 2,637 shares valued at about $673,000.
• Analysts have upgraded Cadence Design Systems, with Needham & Company LLC raising the target price from $325 to $390 and giving it a "buy" rating.
• Cadence Design Systems reported earnings of $1.65 EPS for the most recent quarter, exceeding analyst expectations of $1.56, with revenue of $1.28 billion—up 20.2% year-over-year.

CW Advisors LLC cut its stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) by 46.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,637 shares of the software maker's stock after selling 2,251 shares during the quarter. CW Advisors LLC's holdings in Cadence Design Systems were worth $673,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in CDNS. Vanguard Group Inc. grew its holdings in shares of Cadence Design Systems by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 26,339,142 shares of the software maker's stock valued at $6,698,834,000 after acquiring an additional 429,955 shares in the last quarter. Jennison Associates LLC lifted its position in Cadence Design Systems by 13.2% during the 1st quarter. Jennison Associates LLC now owns 9,064,953 shares of the software maker's stock worth $2,305,489,000 after acquiring an additional 1,054,702 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Cadence Design Systems by 10.7% in the 4th 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 worth $1,326,912,000 after buying an additional 427,418 shares during the period. Northern Trust Corp grew its position in Cadence Design Systems by 16.1% in the 4th quarter. Northern Trust Corp now owns 3,032,957 shares of the software maker's stock worth $911,282,000 after purchasing an additional 421,507 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in Cadence Design Systems by 12.7% in the 4th quarter. Janus Henderson Group PLC now owns 2,530,293 shares of the software maker's stock valued at $760,314,000 after acquiring an additional 285,617 shares in the last quarter. Hedge funds and other institutional investors own 84.85% of the company's stock.

Wall Street Analyst Weigh In

CDNS has been the subject of several recent research reports. The Goldman Sachs Group began coverage on shares of Cadence Design Systems in a research report on Thursday, July 10th. They issued a "buy" rating and a $380.00 price target for the company. Berenberg Bank set a $400.00 price target on shares of Cadence Design Systems in a report on Wednesday, July 30th. Loop Capital lifted their price target on shares of Cadence Design Systems from $370.00 to $390.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Needham & Company LLC lifted their price target on shares of Cadence Design Systems from $325.00 to $390.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Finally, Mizuho lifted their price target 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. Twelve investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $364.33.

Cadence Design Systems Price Performance

Shares of NASDAQ CDNS traded down $3.86 during midday trading on Friday, reaching $350.43. The company's stock had a trading volume of 1,303,717 shares, compared to its average volume of 1,433,451. The business's 50 day moving average price is $334.39 and its two-hundred day moving average price is $297.38. Cadence Design Systems, Inc. has a fifty-two week low of $221.56 and a fifty-two week high of $376.45. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.67 and a current ratio of 2.82. The company has a market cap of $95.49 billion, a P/E ratio of 94.71, a P/E/G ratio of 4.65 and a beta of 0.97.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The software maker reported $1.65 EPS for the quarter, topping analysts' consensus estimates of $1.56 by $0.09. The company had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.25 billion. Cadence Design Systems had a return on equity of 29.65% and a net margin of 19.88%.Cadence Design Systems's revenue was up 20.2% on a year-over-year basis. During the same quarter last year, the business earned $1.28 earnings per share. 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, analysts forecast that Cadence Design Systems, Inc. will post 5.41 EPS for the current fiscal year.

Insider Buying and Selling

In other Cadence Design Systems news, VP Paul Cunningham sold 1,000 shares of the business's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $358.72, for a total transaction of $358,720.00. Following the completion of the transaction, the vice president owned 104,499 shares of the company's stock, valued at approximately $37,485,881.28. The trade was a 0.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ita M. Brennan sold 180 shares of Cadence Design Systems stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $304.00, for a total transaction of $54,720.00. Following the sale, the director directly owned 8,010 shares in the company, valued at $2,435,040. This trade represents a 2.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,830 shares of company stock worth $1,207,671 over the last three months. 1.99% of the stock is currently owned by insiders.

About Cadence Design Systems

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.