Stonehage Fleming Financial Services Holdings Ltd Sells 145,039 Shares of Cadence Design Systems, Inc. $CDNS

Key Points

• Stonehage Fleming Financial Services Holdings Ltd reduced its stake in Cadence Design Systems by 22.8%, selling 145,039 shares and now holding 491,940 shares of the company.
• Cadence Design Systems reported a quarterly earnings result of $1.65 per share, surpassing estimates, with a 20.2% year-over-year revenue growth.
• Analysts have increased their price targets for Cadence Design Systems, with recommendations ranging from "Buy" to "Overweight." The average consensus target price is $368.53.

Stonehage Fleming Financial Services Holdings Ltd trimmed its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) by 22.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 491,940 shares of the software maker's stock after selling 145,039 shares during the quarter. Cadence Design Systems accounts for 4.4% of Stonehage Fleming Financial Services Holdings Ltd's portfolio, making the stock its 13th biggest holding. Stonehage Fleming Financial Services Holdings Ltd owned about 0.18% of Cadence Design Systems worth $151,591,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Hemington Wealth Management lifted its holdings in shares of Cadence Design Systems by 14.0% during the second quarter. Hemington Wealth Management now owns 261 shares of the software maker's stock valued at $80,000 after purchasing an additional 32 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its holdings in shares of Cadence Design Systems by 9.7% during the second quarter. Fifth Third Wealth Advisors LLC now owns 8,376 shares of the software maker's stock valued at $2,581,000 after purchasing an additional 739 shares in the last quarter. Lindenwold Advisors INC lifted its holdings in shares of Cadence Design Systems by 0.6% during the second quarter. Lindenwold Advisors INC now owns 6,123 shares of the software maker's stock valued at $1,887,000 after purchasing an additional 37 shares in the last quarter. PDS Planning Inc lifted its holdings in shares of Cadence Design Systems by 11.2% during the second quarter. PDS Planning Inc now owns 1,860 shares of the software maker's stock valued at $573,000 after purchasing an additional 188 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Cadence Design Systems by 39.0% during the second quarter. Blue Trust Inc. now owns 638 shares of the software maker's stock valued at $197,000 after purchasing an additional 179 shares in the last quarter. 84.85% of the stock is owned by institutional investors.

Cadence Design Systems Price Performance

NASDAQ:CDNS opened at $327.00 on Friday. The firm has a market capitalization of $89.10 billion, a price-to-earnings ratio of 88.38, a PEG ratio of 4.29 and a beta of 0.99. Cadence Design Systems, Inc. has a 1 year low of $221.56 and a 1 year high of $376.45. The business has a 50 day simple moving average of $351.68 and a 200-day simple moving average of $316.92. 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 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. Cadence Design Systems had a return on equity of 29.65% and a net margin of 19.88%.The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the prior year, the business posted $1.28 earnings per share. The company's revenue for the quarter 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. Equities analysts forecast that Cadence Design Systems, Inc. will post 5.41 EPS for the current year.

Insider Transactions at Cadence Design Systems

In other news, CFO John M. Wall sold 7,500 shares of the stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $349.16, for a total value of $2,618,700.00. Following the sale, the chief financial officer directly owned 70,715 shares in the company, valued at approximately $24,690,849.40. This represents a 9.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ita M. Brennan sold 180 shares of the 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 completion of the sale, the director owned 7,830 shares in the company, valued at approximately $2,619,213.30. The trade was a 2.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,680 shares of company stock worth $3,729,852. 1.99% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. JPMorgan Chase & Co. upped their price objective on Cadence Design Systems from $330.00 to $390.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th. Weiss Ratings reissued a "hold (c)" rating on shares of Cadence Design Systems in a research note on Wednesday. KeyCorp increased their price target on Cadence Design Systems from $358.00 to $405.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Loop Capital increased their price target on Cadence Design Systems from $370.00 to $390.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Finally, Wells Fargo & Company increased their price target on Cadence Design Systems from $365.00 to $405.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Fourteen research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $368.53.

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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