Navera Investment Management Ltd. Has $253.04 Million Stock Holdings in Cadence Design Systems, Inc. $CDNS

Key Points

• Navera Investment Management Ltd. holds approximately $253.04 million in shares of Cadence Design Systems, representing about 4.6% of its investment portfolio.
• Cadence Design Systems recently reported an EPS of $1.65 for the quarter, exceeding analysts' expectations, with a year-over-year revenue increase of 20.2%.
• Analysts have predominantly rated Cadence Design Systems as a Buy, with target price increases from firms like Stifel Nicolaus and Needham & Company, suggesting strong market confidence.

Navera Investment Management Ltd. increased its position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) by 0.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 821,330 shares of the software maker's stock after acquiring an additional 5,951 shares during the quarter. Cadence Design Systems comprises about 4.6% of Navera Investment Management Ltd.'s investment portfolio, making the stock its 13th largest position. Navera Investment Management Ltd. owned approximately 0.30% of Cadence Design Systems worth $253,040,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Novem Group lifted its stake in Cadence Design Systems by 30.3% in the first quarter. Novem Group now owns 4,067 shares of the software maker's stock valued at $1,034,000 after buying an additional 945 shares during the period. Brookstone Capital Management lifted its stake in Cadence Design Systems by 19.9% in the first quarter. Brookstone Capital Management now owns 17,430 shares of the software maker's stock valued at $4,433,000 after buying an additional 2,898 shares during the period. GAMMA Investing LLC lifted its stake in Cadence Design Systems by 22.5% in the first quarter. GAMMA Investing LLC now owns 4,790 shares of the software maker's stock valued at $1,218,000 after buying an additional 879 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in Cadence Design Systems by 10.9% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 142,994 shares of the software maker's stock valued at $44,064,000 after buying an additional 14,022 shares during the period. Finally, Amalgamated Bank lifted its stake in Cadence Design Systems by 2.2% in the first quarter. Amalgamated Bank now owns 58,225 shares of the software maker's stock valued at $14,808,000 after buying an additional 1,228 shares during the period. Institutional investors and hedge funds own 84.85% of the company's stock.

Cadence Design Systems Stock Down 2.2%

NASDAQ:CDNS opened at $345.48 on Wednesday. The stock has a 50-day simple moving average of $353.01 and a 200 day simple moving average of $315.36. 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 cap of $94.14 billion, a PE ratio of 93.37, a PEG ratio of 4.63 and a beta of 0.99. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.67 and a current ratio of 2.82.

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on CDNS shares. Stifel Nicolaus increased their target price on Cadence Design Systems from $350.00 to $395.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Needham & Company LLC increased their target price on Cadence Design Systems from $325.00 to $390.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Weiss Ratings restated a "hold (c)" rating on shares of Cadence Design Systems in a report on Saturday, September 27th. Mizuho increased their price target on Cadence Design Systems from $360.00 to $375.00 and gave the stock an "outperform" rating in a report on Tuesday, July 29th. Finally, The Goldman Sachs Group began coverage on Cadence Design Systems in a report on Thursday, July 10th. They issued a "buy" rating and a $380.00 price target for the company. Fourteen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $368.53.

Insider Activity at Cadence Design Systems

In related news, Director Ita M. Brennan sold 180 shares of Cadence Design Systems stock in a transaction that occurred 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 approximately $2,619,213.30. This trade represents a 2.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Paul Cunningham sold 1,000 shares of Cadence Design Systems stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $348.27, for a total value of $348,270.00. Following the completion of the sale, the vice president directly owned 99,672 shares in the company, valued at approximately $34,712,767.44. This represents a 0.99% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,680 shares of company stock valued at $3,729,852. 0.37% of the stock is owned by insiders.

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.

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