Cwm LLC Purchases 5,283 Shares of Cadence Design Systems, Inc. $CDNS

Cwm LLC grew its position in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 43.1% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 17,530 shares of the software maker’s stock after purchasing an additional 5,283 shares during the quarter. Cwm LLC’s holdings in Cadence Design Systems were worth $6,157,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Barrett & Company Inc. bought a new position in Cadence Design Systems in the second quarter valued at approximately $31,000. Robbins Farley acquired a new stake in shares of Cadence Design Systems in the 3rd quarter valued at $35,000. Strategic Wealth Investment Group LLC bought a new position in shares of Cadence Design Systems in the 2nd quarter valued at $32,000. Promus Capital LLC acquired a new position in shares of Cadence Design Systems during the 2nd quarter worth $33,000. Finally, Heartwood Wealth Advisors LLC acquired a new position in shares of Cadence Design Systems during the 3rd quarter worth $39,000. Institutional investors own 84.85% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CDNS shares. Wall Street Zen lowered Cadence Design Systems from a “buy” rating to a “hold” rating in a research note on Sunday, September 21st. Wolfe Research reissued an “outperform” rating and issued a $385.00 target price on shares of Cadence Design Systems in a report on Tuesday, October 28th. Weiss Ratings restated a “hold (c)” rating on shares of Cadence Design Systems in a research note on Monday. Needham & Company LLC reiterated a “buy” rating and set a $390.00 price objective on shares of Cadence Design Systems in a research report on Monday, December 22nd. Finally, Robert W. Baird increased their price objective on shares of Cadence Design Systems from $390.00 to $418.00 and gave the company an “outperform” rating in a research note on Tuesday, October 28th. Fifteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $379.11.

Insiders Place Their Bets

In related news, CEO Anirudh Devgan sold 20,000 shares of the firm’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $340.00, for a total transaction of $6,800,000.00. Following the completion of the transaction, the chief executive officer directly owned 195,844 shares of the company’s stock, valued at $66,586,960. This trade represents a 9.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO John M. Wall sold 27,805 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $318.57, for a total value of $8,857,838.85. Following the completion of the sale, the chief financial officer owned 69,957 shares in the company, valued at $22,286,201.49. This trade represents a 28.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 61,025 shares of company stock valued at $20,054,246 over the last ninety days. 0.37% of the stock is currently owned by corporate insiders.

Cadence Design Systems Stock Performance

Cadence Design Systems stock opened at $315.60 on Wednesday. The business has a 50 day moving average of $322.57 and a 200-day moving average of $332.30. Cadence Design Systems, Inc. has a 1 year low of $221.56 and a 1 year high of $376.45. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.05 and a quick ratio of 2.84. The company has a market capitalization of $85.91 billion, a P/E ratio of 81.34, a P/E/G ratio of 4.09 and a beta of 1.05.

Cadence Design Systems (NASDAQ:CDNS) last posted its earnings results on Monday, October 27th. The software maker reported $1.93 EPS for the quarter, topping the consensus estimate of $1.79 by $0.14. Cadence Design Systems had a net margin of 20.35% and a return on equity of 30.13%. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the company earned $1.64 EPS. The firm’s revenue was up 10.1% compared to the same quarter last year. Cadence Design Systems has set its FY 2025 guidance at 7.020-7.080 EPS and its Q4 2025 guidance at 1.880-1.940 EPS. On average, equities research analysts predict that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current year.

Cadence Design Systems Profile

Cadence Design Systems, Inc (NASDAQ: CDNS) is a global provider of electronic design automation (EDA) software, hardware and intellectual property used to design and verify advanced semiconductor chips, systems-on-chip (SoCs), printed circuit boards (PCBs) and packaging. Headquartered in San Jose, California and founded in 1988, Cadence serves semiconductor companies, original equipment manufacturers and system designers across the globe, helping customers accelerate design cycles and manage the complexity of modern integrated systems.

The company’s offerings span software tools for digital, custom/analog and mixed-signal design, verification and signoff, as well as solutions for system-level modeling, thermal and signal integrity analysis, and PCB and package design.