Focus Partners Wealth Trims Position in Cadence Design Systems, Inc. $CDNS

Key Points

• Focus Partners Wealth has reduced its holdings in Cadence Design Systems by 48.5%, owning 19,979 shares worth approximately $5.08 million after selling 18,805 shares in the first quarter.
• Several analysts have recently upgraded their ratings on Cadence Design Systems, with a consensus rating of "Moderate Buy" and a target price of $364.33.
• Cadence Design Systems reported $1.65 EPS for the quarter, surpassing estimates of $1.56, with year-over-year revenue growth of 20.2%.

Focus Partners Wealth decreased its position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) by 48.5% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 19,979 shares of the software maker's stock after selling 18,805 shares during the period. Focus Partners Wealth's holdings in Cadence Design Systems were worth $5,082,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Flaharty Asset Management LLC purchased a new position in Cadence Design Systems during the first quarter worth approximately $64,000. Integrity Alliance LLC. acquired a new stake in Cadence Design Systems during the 1st quarter valued at $270,000. Advisory Alpha LLC grew its holdings in Cadence Design Systems by 43.7% during the 1st quarter. Advisory Alpha LLC now owns 1,213 shares of the software maker's stock valued at $309,000 after purchasing an additional 369 shares in the last quarter. SCS Capital Management LLC acquired a new position in Cadence Design Systems during the 1st quarter worth $243,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Cadence Design Systems by 7.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,729,026 shares of the software maker's stock worth $1,202,733,000 after acquiring an additional 312,757 shares in the last quarter. Hedge funds and other institutional investors own 84.85% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on CDNS shares. Needham & Company LLC lifted their price target on shares of Cadence Design Systems from $325.00 to $390.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. Wall Street Zen raised shares of Cadence Design Systems from a "hold" rating to a "buy" rating in a report on Saturday. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $300.00 price target on shares of Cadence Design Systems in a report on Friday, July 25th. Piper Sandler reiterated a "neutral" rating and issued a $355.00 price objective (up from $328.00) on shares of Cadence Design Systems in a research report on Tuesday, July 29th. Finally, KeyCorp lifted their price objective on shares of Cadence Design Systems from $358.00 to $405.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th. Twelve equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Cadence Design Systems has a consensus rating of "Moderate Buy" and a consensus target price of $364.33.

Cadence Design Systems Stock Down 3.2%

CDNS stock opened at $343.48 on Monday. Cadence Design Systems, Inc. has a 52 week low of $221.56 and a 52 week high of $376.45. The company has a market capitalization of $93.59 billion, a price-to-earnings ratio of 92.83, a price-to-earnings-growth ratio of 4.50 and a beta of 1.00. The firm's 50-day moving average is $342.75 and its two-hundred day moving average is $303.02. 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 released 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. Cadence Design Systems had a net margin of 19.88% and a return on equity of 29.65%. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the previous year, the firm earned $1.28 EPS. Cadence Design Systems's revenue 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. On average, analysts forecast that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current fiscal year.

Insider Transactions at Cadence Design Systems

In other Cadence Design Systems news, Director Ita M. Brennan sold 180 shares of the business's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $334.51, for a total transaction of $60,211.80. Following 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Paul Cunningham sold 1,000 shares of the business's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $343.95, for a total transaction of $343,950.00. Following the sale, the vice president owned 102,499 shares in the company, valued at $35,254,531.05. This trade represents a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,180 shares of company stock worth $1,069,232 over the last 90 days. 1.99% of the stock is owned by insiders.

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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