Novem Group Has $1.03 Million Position in Cadence Design Systems, Inc. $CDNS

Key Points

• Novem Group reduced its stake in Cadence Design Systems by 17.7% during the second quarter, holding 3,347 shares worth approximately $1.03 million at the end of the period.
• Institutional investors collectively own 84.85% of Cadence Design Systems, with several firms initiating new stakes or increasing their holdings in the first quarter.
• Cadence Design Systems reported stronger-than-expected earnings of $1.65 per share, exceeding expectations, and forecasted an EPS guidance of 1.750-1.810 for Q3 2025.

Novem Group lessened its holdings in Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) by 17.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,347 shares of the software maker's stock after selling 720 shares during the quarter. Novem Group's holdings in Cadence Design Systems were worth $1,031,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Smallwood Wealth Investment Management LLC bought a new stake in shares of Cadence Design Systems in the first quarter worth $25,000. Costello Asset Management INC bought a new stake in shares of Cadence Design Systems in the 1st quarter valued at about $25,000. Saudi Central Bank acquired a new stake in shares of Cadence Design Systems in the first quarter valued at about $27,000. Valley National Advisers Inc. raised its holdings in Cadence Design Systems by 707.1% during the 1st quarter. Valley National Advisers Inc. now owns 113 shares of the software maker's stock worth $28,000 after purchasing an additional 99 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its stake in Cadence Design Systems by 36.5% during the first quarter. Meeder Asset Management Inc. now owns 172 shares of the software maker's stock worth $44,000 after buying an additional 46 shares during the last quarter. 84.85% of the stock is owned by institutional investors.

Insider Transactions at Cadence Design Systems

In other Cadence Design Systems news, VP Paul Cunningham sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $343.95, for a total value of $343,950.00. Following 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 transaction of $60,211.80. Following the completion of the transaction, 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 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 in the last ninety days. Insiders own 1.99% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Robert W. Baird boosted their price target on Cadence Design Systems from $340.00 to $380.00 and gave the company an "outperform" rating in a research note on Monday, July 28th. Wells Fargo & Company increased their price objective on shares of Cadence Design Systems from $365.00 to $405.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Needham & Company LLC upped their price target on Cadence Design Systems from $325.00 to $390.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. 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, Berenberg Bank set a $400.00 price objective on Cadence Design Systems in a report on Wednesday, July 30th. Twelve investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $364.33.

Cadence Design Systems Price Performance

Shares of NASDAQ CDNS opened at $351.06 on Friday. The company has a current ratio of 2.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.49. The stock has a fifty day simple moving average of $349.81 and a two-hundred day simple moving average of $309.43. Cadence Design Systems, Inc. has a 1-year low of $221.56 and a 1-year high of $376.45. The firm has a market cap of $95.66 billion, a price-to-earnings ratio of 94.88, a price-to-earnings-growth ratio of 4.68 and a beta of 1.00.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last posted its earnings results on Monday, July 28th. The software maker reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.09. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. Cadence Design Systems had a net margin of 19.88% and a return on equity of 29.65%. The company's revenue was up 20.2% on a year-over-year basis. During the same quarter last year, the company earned $1.28 earnings per share. Cadence Design Systems has set its Q3 2025 guidance at 1.750-1.810 EPS. FY 2025 guidance at 6.850-6.950 EPS. Analysts anticipate that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current year.

About Cadence Design Systems

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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