Circle Wealth Management LLC Grows Stock Holdings in Cadence Design Systems, Inc. $CDNS

Key Points

• Circle Wealth Management LLC increased its stake in Cadence Design Systems by 152.1%, owning 1,712 shares valued at $435,000 after purchasing an additional 1,033 shares.
• Cadence Design Systems reported a quarterly earnings per share (EPS) of $1.65, exceeding the consensus estimate of $1.56, with a 20.2% year-over-year revenue growth.
• Institutional investors hold 84.85% of Cadence Design Systems' stock, indicating significant institutional interest in the company.

Circle Wealth Management LLC lifted its position in Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) by 152.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,712 shares of the software maker's stock after buying an additional 1,033 shares during the period. Circle Wealth Management LLC's holdings in Cadence Design Systems were worth $435,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Brighton Jones LLC boosted its position in shares of Cadence Design Systems by 80.2% during the fourth quarter. Brighton Jones LLC now owns 1,519 shares of the software maker's stock valued at $456,000 after buying an additional 676 shares during the period. Highview Capital Management LLC DE lifted its holdings in Cadence Design Systems by 2.7% during the fourth quarter. Highview Capital Management LLC DE now owns 6,304 shares of the software maker's stock worth $1,894,000 after buying an additional 163 shares during the period. OneDigital Investment Advisors LLC lifted its holdings in Cadence Design Systems by 12.1% during the fourth quarter. OneDigital Investment Advisors LLC now owns 3,896 shares of the software maker's stock worth $1,171,000 after buying an additional 419 shares during the period. Stifel Financial Corp lifted its holdings in Cadence Design Systems by 36.6% during the fourth quarter. Stifel Financial Corp now owns 93,686 shares of the software maker's stock worth $28,149,000 after buying an additional 25,104 shares during the period. Finally, Coppell Advisory Solutions LLC lifted its holdings in Cadence Design Systems by 179.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 246 shares of the software maker's stock worth $74,000 after buying an additional 158 shares during the period. 84.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CDNS. KeyCorp upped their target price on Cadence Design Systems from $358.00 to $405.00 and gave the stock an "overweight" rating in a report on Tuesday, July 29th. Loop Capital upped their target price on Cadence Design Systems from $370.00 to $390.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Wall Street Zen raised Cadence Design Systems from a "hold" rating to a "buy" rating in a research report on Saturday. Wells Fargo & Company increased their price target 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. Finally, Robert W. Baird increased their target price on shares of Cadence Design Systems from $340.00 to $380.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. Twelve analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $364.33.

Insider Activity at Cadence Design Systems

In related news, VP Paul Cunningham sold 1,000 shares of Cadence Design Systems stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $358.72, for a total value of $358,720.00. Following the completion of the sale, the vice president owned 104,499 shares in the company, valued at approximately $37,485,881.28. This trade represents a 0.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ita M. Brennan sold 180 shares of the business's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $304.00, for a total transaction of $54,720.00. Following the completion of the transaction, the director owned 8,010 shares of the company's stock, valued at approximately $2,435,040. This trade represents a 2.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,830 shares of company stock valued at $1,207,671 in the last quarter. 0.37% of the stock is owned by insiders.

Cadence Design Systems Price Performance

CDNS traded down $1.16 during trading on Tuesday, reaching $344.03. The company's stock had a trading volume of 1,718,578 shares, compared to its average volume of 2,028,734. The company has a quick ratio of 2.67, a current ratio of 2.82 and a debt-to-equity ratio of 0.49. The firm has a fifty day simple moving average of $331.14 and a two-hundred day simple moving average of $296.38. Cadence Design Systems, Inc. has a 1 year low of $221.56 and a 1 year high of $376.45. The company has a market cap of $93.74 billion, a price-to-earnings ratio of 92.98, a PEG ratio of 4.59 and a beta of 0.97.

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

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.