Cadence Design Systems, Inc. $CDNS Shares Acquired by Texas Yale Capital Corp.

Texas Yale Capital Corp. boosted its position in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 6.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,329 shares of the software maker’s stock after buying an additional 635 shares during the quarter. Texas Yale Capital Corp.’s holdings in Cadence Design Systems were worth $3,183,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Costello Asset Management INC acquired a new stake in Cadence Design Systems during the 1st quarter valued at approximately $25,000. Saudi Central Bank purchased a new position in shares of Cadence Design Systems during the 1st quarter valued at approximately $27,000. Barrett & Company Inc. purchased a new position in shares of Cadence Design Systems during the 2nd quarter valued at approximately $31,000. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Cadence Design Systems by 41.1% in the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 127 shares of the software maker’s stock worth $39,000 after buying an additional 37 shares during the last quarter. Finally, Princeton Global Asset Management LLC acquired a new stake in Cadence Design Systems in the second quarter valued at $40,000. 84.85% of the stock is currently owned by institutional investors and hedge funds.

Cadence Design Systems Stock Performance

CDNS stock opened at $324.45 on Friday. Cadence Design Systems, Inc. has a 1 year low of $221.56 and a 1 year high of $376.45. The stock has a market capitalization of $88.32 billion, a price-to-earnings ratio of 83.62, a PEG ratio of 4.55 and a beta of 1.00. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.67 and a current ratio of 3.05. The stock’s fifty day moving average is $344.86 and its two-hundred day moving average is $327.44.

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CDNS shares. BNP Paribas 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 target price for the company. Mizuho boosted their price target on Cadence Design Systems from $360.00 to $375.00 and gave the company an “outperform” rating in a report on Tuesday, July 29th. Needham & Company LLC reissued a “buy” rating and set a $390.00 price target on shares of Cadence Design Systems in a research report on Tuesday, October 28th. Weiss Ratings restated a “hold (c)” rating on shares of Cadence Design Systems in a research note on Wednesday, October 8th. Finally, Berenberg Bank set a $400.00 target price on shares of Cadence Design Systems in a research note on Wednesday, July 30th. Fourteen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $376.00.

Insider Buying and Selling

In related news, CFO John M. Wall sold 7,500 shares of the firm’s 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 $24,690,849.40. This trade represents a 9.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ita M. Brennan sold 180 shares of the stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $334.51, for a total transaction of $60,211.80. Following the completion of the transaction, the director owned 7,830 shares of the company’s stock, valued at $2,619,213.30. This represents a 2.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 10,680 shares of company stock valued at $3,711,392 in the last three months. 0.37% of the stock is currently owned by corporate insiders.

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.