Marshall Financial Group LLC Grows Stock Position in Cadence Design Systems, Inc. $CDNS

Key Points

• Marshall Financial Group LLC increased its holdings in Cadence Design Systems, Inc. by 65.8% in Q2, amounting to $2.55 million with a total of 7,961 shares owned.
• Insider transactions included VP Paul Cunningham selling 1,000 shares and Director Ita M. Brennan selling 180 shares in early September.
• Cadence Design Systems reported a quarterly earnings per share (EPS) of $1.65, exceeding analysts' expectations of $1.56, and raised its FY 2025 EPS guidance to 6.850-6.950.

Marshall Financial Group LLC raised its position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) by 65.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,961 shares of the software maker's stock after purchasing an additional 3,160 shares during the quarter. Marshall Financial Group LLC's holdings in Cadence Design Systems were worth $2,550,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CDNS. Brighton Jones LLC grew its stake in shares of Cadence Design Systems by 80.2% during the 4th quarter. Brighton Jones LLC now owns 1,519 shares of the software maker's stock valued at $456,000 after purchasing an additional 676 shares during the period. Highview Capital Management LLC DE lifted its position in shares of Cadence Design Systems by 2.7% during the 4th quarter. Highview Capital Management LLC DE now owns 6,304 shares of the software maker's stock valued at $1,894,000 after buying an additional 163 shares in the last quarter. Two Sigma Investments LP purchased a new position in shares of Cadence Design Systems during the 4th quarter valued at about $1,352,000. Novem Group purchased a new position in shares of Cadence Design Systems during the 4th quarter valued at about $938,000. Finally, Headinvest LLC lifted its position in shares of Cadence Design Systems by 1.9% during the 4th quarter. Headinvest LLC now owns 2,565 shares of the software maker's stock valued at $771,000 after buying an additional 49 shares in the last quarter. 84.85% of the stock is currently owned by institutional investors.

Cadence Design Systems Stock Down 0.2%

Shares of CDNS stock traded down $0.73 during mid-day trading on Monday, hitting $372.62. The stock had a trading volume of 706,886 shares, compared to its average volume of 2,014,106. Cadence Design Systems, Inc. has a 12-month low of $221.56 and a 12-month high of $376.45. The firm has a market capitalization of $101.53 billion, a P/E ratio of 100.95, a price-to-earnings-growth ratio of 4.90 and a beta of 1.00. The firm's 50-day moving average is $346.27 and its two-hundred day moving average is $306.97. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.82 and a quick ratio of 2.67.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $1.28 billion during 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%.The firm's quarterly revenue was up 20.2% on a year-over-year basis. During the same period in the prior year, the business posted $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. On average, analysts predict that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Wells Fargo & Company lifted their price objective on Cadence Design Systems from $365.00 to $405.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th. Berenberg Bank set a $400.00 price objective on Cadence Design Systems in a research report on Wednesday, July 30th. The Goldman Sachs Group assumed coverage on Cadence Design Systems in a report on Thursday, July 10th. They issued a "buy" rating and a $380.00 price target on the stock. Stifel Nicolaus boosted their price target on Cadence Design Systems from $350.00 to $395.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. Finally, Wall Street Zen cut Cadence Design Systems from a "buy" rating to a "hold" rating in a report on Sunday. Twelve equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Cadence Design Systems has a consensus rating of "Moderate Buy" and a consensus price target of $364.33.

Insiders Place Their Bets

In related news, VP Paul Cunningham sold 1,000 shares of the company's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $343.95, for a total transaction of $343,950.00. Following the completion of the sale, the vice president directly owned 102,499 shares in the company, valued at $35,254,531.05. This represents a 0.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Ita M. Brennan sold 180 shares of the company's stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $334.51, for a total value of $60,211.80. Following the sale, the director owned 7,830 shares of the company's stock, valued at $2,619,213.30. This trade represents a 2.25% 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 valued at $1,069,232 over the last 90 days. 0.37% of the stock is currently owned by company 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.