JNBA Financial Advisors Has $98,000 Position in Cadence Design Systems, Inc. $CDNS

JNBA Financial Advisors cut its stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 55.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 318 shares of the software maker’s stock after selling 394 shares during the quarter. JNBA Financial Advisors’ holdings in Cadence Design Systems were worth $98,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Petros Family Wealth LLC lifted its holdings in Cadence Design Systems by 2.6% during the 2nd quarter. Petros Family Wealth LLC now owns 1,277 shares of the software maker’s stock worth $394,000 after buying an additional 32 shares during the period. Legacy Capital Wealth Partners LLC lifted its holdings in Cadence Design Systems by 2.8% during the 1st quarter. Legacy Capital Wealth Partners LLC now owns 1,214 shares of the software maker’s stock worth $309,000 after buying an additional 33 shares during the period. Empower Advisory Group LLC lifted its holdings in Cadence Design Systems by 4.1% during the 1st quarter. Empower Advisory Group LLC now owns 911 shares of the software maker’s stock worth $232,000 after buying an additional 36 shares during the period. Gamco Investors INC. ET AL lifted its holdings in Cadence Design Systems by 0.3% during the 1st quarter. Gamco Investors INC. ET AL now owns 13,337 shares of the software maker’s stock worth $3,392,000 after buying an additional 36 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. lifted its holdings in Cadence Design Systems by 41.1% during the 2nd 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 period. 84.85% of the stock is owned by institutional investors and hedge funds.

Cadence Design Systems Stock Performance

Shares of Cadence Design Systems stock opened at $327.00 on Friday. Cadence Design Systems, Inc. has a one year low of $221.56 and a one year high of $376.45. The firm has a market capitalization of $89.10 billion, a price-to-earnings ratio of 88.38, a PEG ratio of 4.57 and a beta of 0.99. The business has a 50-day simple moving average of $351.68 and a 200 day simple moving average of $316.56. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.82 and a quick ratio of 2.67.

Cadence Design Systems (NASDAQ:CDNS) last issued its earnings results on Monday, July 28th. The software maker reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.09. Cadence Design Systems had a return on equity of 29.65% and a net margin of 19.88%.The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period in the previous year, the company posted $1.28 EPS. The firm’s revenue was up 20.2% compared to the same quarter last year. 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, research analysts anticipate that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

CDNS has been the topic of a number of recent analyst reports. Mizuho boosted their price objective on Cadence Design Systems from $360.00 to $375.00 and gave the company an “outperform” rating in a research note on Tuesday, July 29th. Wall Street Zen downgraded Cadence Design Systems from a “buy” rating to a “hold” rating in a research note on Sunday, September 21st. Loop Capital boosted their price objective on Cadence Design Systems from $370.00 to $390.00 and gave the company a “buy” rating in a research note on Tuesday, July 29th. Piper Sandler reissued a “neutral” rating and issued a $355.00 price objective (up from $328.00) on shares of Cadence Design Systems in a research note on Tuesday, July 29th. Finally, BNP Paribas Exane initiated coverage on Cadence Design Systems in a research note on Thursday, October 2nd. They issued an “outperform” rating and a $400.00 price objective on the stock. Fourteen analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $368.53.

Insider Activity at Cadence Design Systems

In related news, Director Ita M. Brennan sold 180 shares of the business’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $334.51, for a total value of $60,211.80. Following the completion of the sale, the director directly owned 7,830 shares of the company’s stock, valued at $2,619,213.30. The trade was a 2.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Paul Cunningham sold 1,000 shares of the business’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $348.27, for a total value of $348,270.00. Following the completion of the sale, the vice president directly owned 99,672 shares of the company’s stock, valued at $34,712,767.44. The trade was a 0.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,680 shares of company stock valued at $3,729,852 in the last three months. Corporate insiders own 1.99% of the company’s stock.

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.