Integrated Wealth Concepts LLC Grows Stock Holdings in Cadence Design Systems, Inc. $CDNS

Key Points

• Integrated Wealth Concepts LLC increased its Cadence Design Systems stake by 1,447.6% in the second quarter, holding 92,099 shares valued at approximately $34.6 million. Institutional investors collectively own 84.85% of CDNS.
• Analysts maintain a generally positive outlook, with 13 Buy ratings and three Holds producing a consensus “Moderate Buy” rating and an average price target of $405.69.
• Cadence reported quarterly EPS of $2.11, exceeding estimates of $2.05, while revenue rose 24.2% year over year to $1.58 billion. Despite the strong results, the stock opened at $284.11, down 2.9%, and remains well below its 52-week high of $416.69.

Integrated Wealth Concepts LLC grew its position in Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) by 1,447.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,099 shares of the software maker's stock after buying an additional 86,148 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Cadence Design Systems were worth $34,567,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in CDNS. Avalon Trust Co purchased a new stake in shares of Cadence Design Systems during the second quarter worth $30,000. Fiduciary Financial Advisors purchased a new stake in shares of Cadence Design Systems during the 2nd quarter worth $31,000. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Cadence Design Systems during the 4th quarter worth $28,000. Arlington Trust Co LLC grew its stake in shares of Cadence Design Systems by 154.3% during the second quarter. Arlington Trust Co LLC now owns 89 shares of the software maker's stock worth $33,000 after purchasing an additional 54 shares in the last quarter. Finally, Imprint Wealth LLC purchased a new position in Cadence Design Systems in the third quarter valued at $31,000. 84.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Oppenheimer restated a "market perform" rating and issued a $300.00 price target on shares of Cadence Design Systems in a research note on Tuesday, July 28th. Benchmark reaffirmed a "buy" rating on shares of Cadence Design Systems in a research report on Tuesday, July 28th. Citigroup raised their target price on Cadence Design Systems from $400.00 to $420.00 and gave the stock a "buy" rating in a research report on Tuesday, July 28th. Stifel Nicolaus boosted their target price on Cadence Design Systems from $395.00 to $432.00 and gave the stock a "buy" rating in a research note on Tuesday, June 9th. Finally, KeyCorp reaffirmed an "overweight" rating on shares of Cadence Design Systems in a report on Tuesday, July 28th. Thirteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, Cadence Design Systems has a consensus rating of "Moderate Buy" and a consensus target price of $405.69.

Cadence Design Systems Stock Down 2.9%

Cadence Design Systems stock opened at $284.11 on Wednesday. Cadence Design Systems, Inc. has a fifty-two week low of $262.75 and a fifty-two week high of $416.69. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.53 and a current ratio of 1.74. The company has a market capitalization of $78.24 billion, a P/E ratio of 56.48, a PEG ratio of 3.14 and a beta of 1.14. The stock has a 50-day simple moving average of $338.15 and a 200-day simple moving average of $333.97.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last released its quarterly earnings results on Monday, July 27th. The software maker reported $2.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.05 by $0.06. Cadence Design Systems had a return on equity of 27.98% and a net margin of 23.60%.The firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter last year, the business posted $1.65 EPS. The firm's quarterly revenue was up 24.2% compared to the same quarter last year. Cadence Design Systems has set its FY 2026 guidance at 8.050-8.150 EPS and its Q3 2026 guidance at 2.010-2.070 EPS. Equities research analysts expect that Cadence Design Systems, Inc. will post 6.4 earnings per share for the current year.

Insider Buying and Selling at Cadence Design Systems

In other Cadence Design Systems news, Director James D. Plummer sold 1,511 shares of Cadence Design Systems stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $381.34, for a total value of $576,204.74. Following the transaction, the director directly owned 23,264 shares in the company, valued at approximately $8,871,493.76. The trade was a 6.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paul Cunningham sold 2,000 shares of the company's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $323.32, for a total transaction of $646,640.00. Following the completion of the sale, the vice president directly owned 124,586 shares of the company's stock, valued at $40,281,145.52. The trade was a 1.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 7,041 shares of company stock worth $2,500,865 in the last 90 days. Company insiders own 0.49% of the company's stock.

About Cadence Design Systems

Cadence Design Systems, Inc is a technology company that develops electronic design automation (EDA) software, hardware and semiconductor intellectual property (IP). Its products help engineers design, verify and analyze integrated circuits, printed circuit boards and complete electronic systems.

The company offers solutions spanning digital and custom IC design, functional verification, digital and analog simulation, emulation and prototyping, system analysis, and 3D computational fluid dynamics.

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