WealthShield Partners LLC purchased a new stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 7,198 shares of the software maker’s stock, valued at approximately $2,702,000.
A number of other hedge funds have also modified their holdings of CDNS. Avalon Trust Co acquired a new stake in Cadence Design Systems during the second quarter valued at $30,000. University of Texas Texas AM Investment Management Co. acquired a new position in Cadence Design Systems in the 4th quarter worth about $28,000. Arlington Trust Co LLC increased its position in Cadence Design Systems by 154.3% in the 2nd quarter. Arlington Trust Co LLC now owns 89 shares of the software maker’s stock worth $33,000 after purchasing an additional 54 shares during the last quarter. Imprint Wealth LLC purchased a new stake in shares of Cadence Design Systems during the 3rd quarter worth about $31,000. Finally, Whipplewood Advisors LLC raised its stake in shares of Cadence Design Systems by 933.3% during the 1st quarter. Whipplewood Advisors LLC now owns 93 shares of the software maker’s stock worth $26,000 after purchasing an additional 84 shares in the last quarter. 84.85% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Cadence Design Systems
In other Cadence Design Systems news, Director James D. Plummer sold 1,511 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $381.34, for a total transaction of $576,204.74. Following the completion of the sale, the director directly owned 23,264 shares in the company, valued at $8,871,493.76. This represents a 6.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paul Scannell sold 7,081 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $393.91, for a total value of $2,789,276.71. Following the completion of the sale, the vice president directly owned 32,181 shares in the company, valued at approximately $12,676,417.71. This represents a 18.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 89,599 shares of company stock valued at $35,710,627. 0.49% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Read Our Latest Report on CDNS
Cadence Design Systems Price Performance
Shares of Cadence Design Systems stock opened at $319.02 on Friday. The firm has a fifty day simple moving average of $353.70 and a 200-day simple moving average of $331.25. The company has a current ratio of 1.74, a quick ratio of 1.53 and a debt-to-equity ratio of 0.36. Cadence Design Systems, Inc. has a 1-year low of $262.75 and a 1-year high of $416.69. The stock has a market capitalization of $87.85 billion, a price-to-earnings ratio of 63.42, a PEG ratio of 3.42 and a beta of 1.15.
Cadence Design Systems (NASDAQ:CDNS – Get Free Report) last posted its quarterly earnings data on Monday, July 27th. The software maker reported $2.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.06. Cadence Design Systems had a net margin of 23.60% and a return on equity of 27.98%. The business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the prior year, the firm earned $1.65 EPS. Cadence Design Systems’s quarterly revenue was up 24.2% compared to the same quarter last year. Cadence Design Systems has set its FY 2026 guidance at 8.050-8.150 EPS and its Q3 2026 guidance at 2.010-2.070 EPS. On average, sell-side analysts expect that Cadence Design Systems, Inc. will post 6.4 earnings per share for the current year.
About Cadence Design Systems
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.
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