Kingswood Wealth Advisors LLC Buys 88 Shares of Cadence Design Systems, Inc. $CDNS

Kingswood Wealth Advisors LLC boosted its stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 8.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,163 shares of the software maker’s stock after acquiring an additional 88 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Cadence Design Systems were worth $358,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Slow Capital Inc. boosted its stake in shares of Cadence Design Systems by 1.1% in the 2nd quarter. Slow Capital Inc. now owns 10,498 shares of the software maker’s stock valued at $3,235,000 after purchasing an additional 119 shares during the last quarter. KLP Kapitalforvaltning AS boosted its stake in shares of Cadence Design Systems by 22.4% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 122,600 shares of the software maker’s stock valued at $37,779,000 after purchasing an additional 22,400 shares during the last quarter. SteelPeak Wealth LLC boosted its stake in shares of Cadence Design Systems by 14.6% in the 2nd quarter. SteelPeak Wealth LLC now owns 3,641 shares of the software maker’s stock valued at $1,122,000 after purchasing an additional 464 shares during the last quarter. D.B. Root & Company LLC boosted its stake in shares of Cadence Design Systems by 23.0% in the 2nd quarter. D.B. Root & Company LLC now owns 2,232 shares of the software maker’s stock valued at $688,000 after purchasing an additional 418 shares during the last quarter. Finally, Comprehensive Financial Consultants Institutional Inc. boosted its stake in shares of Cadence Design Systems by 32.9% in the 2nd quarter. Comprehensive Financial Consultants Institutional Inc. now owns 7,294 shares of the software maker’s stock valued at $2,248,000 after purchasing an additional 1,807 shares during the last quarter. Institutional investors own 84.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CDNS. The Goldman Sachs Group began coverage on shares of Cadence Design Systems in a research note on Thursday, July 10th. They issued a “buy” rating and a $380.00 target price on the stock. Berenberg Bank set a $400.00 price target on shares of Cadence Design Systems in a research report on Wednesday, July 30th. BNP Paribas Exane initiated coverage on shares of Cadence Design Systems in a research report on Thursday, October 2nd. They issued an “outperform” rating and a $400.00 price target on the stock. Robert W. Baird increased their price target on shares of Cadence Design Systems from $340.00 to $380.00 and gave the company an “outperform” rating in a research report on Monday, July 28th. Finally, JPMorgan Chase & Co. increased their price target on shares of Cadence Design Systems from $330.00 to $390.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Fourteen 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’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $368.53.

Insiders Place Their Bets

In other Cadence Design Systems news, CFO John M. Wall sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $349.16, for a total transaction 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 trade represents a 9.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ita M. Brennan sold 180 shares of the firm’s stock in a transaction that occurred 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 sale, the director owned 7,830 shares in the company, valued at $2,619,213.30. This trade represents a 2.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,680 shares of company stock worth $3,729,852. Company insiders own 1.99% of the company’s stock.

Cadence Design Systems Stock Performance

Shares of CDNS stock opened at $327.00 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.67 and a current ratio of 2.82. The company has a market capitalization of $89.10 billion, a P/E ratio of 88.38, a price-to-earnings-growth ratio of 4.57 and a beta of 0.99. The company’s 50 day moving average price is $351.68 and its two-hundred day moving average price is $316.56. Cadence Design Systems, Inc. has a 52 week low of $221.56 and a 52 week high of $376.45.

Cadence Design Systems (NASDAQ:CDNS) last announced its earnings results on Monday, July 28th. The software maker reported $1.65 EPS for the quarter, topping the consensus estimate of $1.56 by $0.09. The firm had revenue of $1.28 billion for 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 business’s quarterly revenue was up 20.2% on a year-over-year basis. During the same period last year, the company posted $1.28 EPS. 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, analysts expect that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current fiscal year.

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.