Temasek Holdings Private Ltd Boosts Stake in Cadence Design Systems, Inc. $CDNS

Key Points

• Temasek Holdings increased its stake in Cadence Design Systems by 370.2%, acquiring 82,365 additional shares, bringing its total holdings to 104,616 shares valued at approximately $26.6 million.
• Insiders sold 4,180 shares of Cadence Design Systems stock in the last three months, indicating a 2.20% decrease in ownership for Director Ita M. Brennan, who sold 180 shares.
• Cadence Design Systems reported a 20.2% revenue increase year-over-year in its latest earnings results, with Q2 EPS of $1.65, surpassing analyst expectations.

Temasek Holdings Private Ltd increased its position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) by 370.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 104,616 shares of the software maker's stock after buying an additional 82,365 shares during the quarter. Temasek Holdings Private Ltd's holdings in Cadence Design Systems were worth $26,607,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Legacy Capital Wealth Partners LLC grew its position in Cadence Design Systems by 2.8% during the 1st quarter. Legacy Capital Wealth Partners LLC now owns 1,214 shares of the software maker's stock worth $309,000 after purchasing an additional 33 shares during the last quarter. Empower Advisory Group LLC grew its stake in shares of Cadence Design Systems by 4.1% in the 1st quarter. Empower Advisory Group LLC now owns 911 shares of the software maker's stock valued at $232,000 after purchasing an additional 36 shares during the last quarter. Gamco Investors INC. ET AL grew its stake in shares of Cadence Design Systems by 0.3% in the 1st quarter. Gamco Investors INC. ET AL now owns 13,337 shares of the software maker's stock valued at $3,392,000 after purchasing an additional 36 shares during the last quarter. Principal Street Partners LLC grew its stake in shares of Cadence Design Systems by 2.6% in the 4th quarter. Principal Street Partners LLC now owns 1,455 shares of the software maker's stock valued at $437,000 after purchasing an additional 37 shares during the last quarter. Finally, Greenleaf Trust grew its stake in shares of Cadence Design Systems by 0.7% in the 1st quarter. Greenleaf Trust now owns 5,802 shares of the software maker's stock valued at $1,476,000 after purchasing an additional 39 shares during the last quarter. Hedge funds and other institutional investors own 84.85% of the company's stock.

Cadence Design Systems Price Performance

Shares of CDNS stock traded down $23.24 during trading hours on Wednesday, hitting $338.53. The company's stock had a trading volume of 5,844,814 shares, compared to its average volume of 2,007,923. The business has a fifty day moving average of $341.92 and a 200-day moving average of $300.96. The stock has a market cap of $92.25 billion, a price-to-earnings ratio of 91.49, a P/E/G ratio of 4.73 and a beta of 1.00. The company has a current ratio of 2.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.49. Cadence Design Systems, Inc. has a twelve month low of $221.56 and a twelve month high of $376.45.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The software maker reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.09. Cadence Design Systems had a net margin of 19.88% and a return on equity of 29.65%. The company had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.25 billion. During the same period last year, the company earned $1.28 EPS. The firm'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. As a group, equities research analysts anticipate that Cadence Design Systems, Inc. will post 5.41 EPS for the current year.

Insider Activity

In other Cadence Design Systems news, VP Paul Cunningham sold 1,000 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was 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 of the company's stock, valued at approximately $35,254,531.05. This trade represents a 0.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 4,000 shares of company stock worth $1,311,020 in the last 90 days. 0.37% of the stock is owned by company insiders.

Analysts Set New Price Targets

CDNS has been the topic of several analyst reports. Loop Capital lifted their target price on shares of Cadence Design Systems from $370.00 to $390.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. KeyCorp lifted their price objective on Cadence Design Systems from $358.00 to $405.00 and gave the company an "overweight" rating in a report on Tuesday, July 29th. The Goldman Sachs Group initiated coverage on Cadence Design Systems in a report on Thursday, July 10th. They issued a "buy" rating and a $380.00 price objective on the stock. JPMorgan Chase & Co. lifted their price objective on Cadence Design Systems from $330.00 to $390.00 and gave the company an "overweight" rating in a report on Tuesday, July 29th. Finally, Piper Sandler restated a "neutral" rating and issued a $355.00 price target (up from $328.00) on shares of Cadence Design Systems in a research note on Tuesday, July 29th. Twelve equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $364.33.

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.