Ashton Thomas Private Wealth LLC Lowers Position in Cadence Design Systems, Inc. $CDNS

Ashton Thomas Private Wealth LLC reduced its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 3.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,853 shares of the software maker’s stock after selling 335 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Cadence Design Systems were worth $2,252,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of CDNS. Brighton Jones LLC raised its position in Cadence Design Systems by 80.2% in the 4th quarter. Brighton Jones LLC now owns 1,519 shares of the software maker’s stock valued at $456,000 after buying an additional 676 shares during the last quarter. Highview Capital Management LLC DE raised its position in Cadence Design Systems by 2.7% in the 4th quarter. Highview Capital Management LLC DE now owns 6,304 shares of the software maker’s stock valued at $1,894,000 after buying an additional 163 shares during the last quarter. Focus Partners Wealth raised its position in Cadence Design Systems by 141.0% in the 4th quarter. Focus Partners Wealth now owns 38,784 shares of the software maker’s stock valued at $11,656,000 after buying an additional 22,693 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Cadence Design Systems by 4.2% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 323,107 shares of the software maker’s stock valued at $97,092,000 after buying an additional 12,991 shares during the last quarter. Finally, Maytus Capital Management LLC purchased a new stake in shares of Cadence Design Systems during the 4th quarter valued at $4,957,000. 84.85% of the stock is owned by hedge funds and other institutional investors.

Cadence Design Systems Stock Up 0.3%

CDNS stock opened at $361.77 on Wednesday. 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 $98.58 billion, a price-to-earnings ratio of 97.78, a PEG ratio of 4.73 and a beta of 1.00. Cadence Design Systems, Inc. has a fifty-two week low of $221.56 and a fifty-two week high of $376.45. The stock has a fifty day moving average of $341.37 and a 200-day moving average of $300.69.

Cadence Design Systems (NASDAQ:CDNS) last posted its quarterly earnings results on Monday, July 28th. The software maker reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.09. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. Cadence Design Systems had a return on equity of 29.65% and a net margin of 19.88%.The firm’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $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. As a group, equities research analysts predict that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CDNS shares. The Goldman Sachs Group started coverage on Cadence Design Systems in a research report on Thursday, July 10th. They set a “buy” rating and a $380.00 target price for the company. Rosenblatt Securities reaffirmed a “neutral” rating and set a $300.00 target price on shares of Cadence Design Systems in a research report on Friday, July 25th. Stifel Nicolaus raised their target price on Cadence Design Systems from $350.00 to $395.00 and gave the company a “buy” rating in a research report on Tuesday, July 29th. Berenberg Bank set a $400.00 target price on Cadence Design Systems in a research report on Wednesday, July 30th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $355.00 target price (up from $328.00) on shares of Cadence Design Systems in a research report 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $364.33.

Insider Buying and Selling at Cadence Design Systems

In other news, VP Paul Cunningham sold 1,000 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $343.95, for a total transaction of $343,950.00. Following the completion of the transaction, the vice president owned 102,499 shares in the company, valued at approximately $35,254,531.05. This represents a 0.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders sold 4,000 shares of company stock worth $1,311,020. 0.37% of the stock is currently owned by corporate insiders.

Cadence Design Systems Company 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.