International Assets Investment Management LLC Sells 104 Shares of Cadence Design Systems, Inc. $CDNS

International Assets Investment Management LLC decreased its position in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 7.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,255 shares of the software maker’s stock after selling 104 shares during the quarter. International Assets Investment Management LLC’s holdings in Cadence Design Systems were worth $387,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Petros Family Wealth LLC raised its holdings in Cadence Design Systems by 2.6% in the 2nd quarter. Petros Family Wealth LLC now owns 1,277 shares of the software maker’s stock worth $394,000 after acquiring an additional 32 shares during the period. Hemington Wealth Management increased its stake in shares of Cadence Design Systems by 14.0% in the second quarter. Hemington Wealth Management now owns 261 shares of the software maker’s stock worth $80,000 after purchasing an additional 32 shares during the period. Legacy Capital Wealth Partners LLC increased its stake in shares of Cadence Design Systems by 2.8% in the first quarter. Legacy Capital Wealth Partners LLC now owns 1,214 shares of the software maker’s stock worth $309,000 after purchasing an additional 33 shares during the period. Empower Advisory Group LLC increased its position in Cadence Design Systems by 4.1% in 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. Finally, Gamco Investors INC. ET AL increased its position in Cadence Design Systems by 0.3% in 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. Institutional investors own 84.85% of the company’s stock.

Analyst Upgrades and Downgrades

CDNS has been the topic of several recent analyst reports. The Goldman Sachs Group assumed coverage on Cadence Design Systems in a research report on Thursday, July 10th. They issued a “buy” rating and a $380.00 price target on the stock. Wall Street Zen downgraded shares of Cadence Design Systems from a “buy” rating to a “hold” rating in a report on Sunday, September 21st. BNP Paribas Exane started coverage on shares of Cadence Design Systems in a report on Thursday, October 2nd. They issued an “outperform” rating and a $400.00 price target on the stock. Robert W. Baird upped their price objective on Cadence Design Systems from $340.00 to $380.00 and gave the company an “outperform” rating in a research note on Monday, July 28th. Finally, Rosenblatt Securities reiterated a “neutral” rating and issued a $320.00 price target on shares of Cadence Design Systems in a research report on Wednesday. Thirteen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Cadence Design Systems currently has an average rating of “Moderate Buy” and an average target price of $369.71.

Cadence Design Systems Stock Down 0.9%

Shares of NASDAQ:CDNS opened at $330.51 on Thursday. Cadence Design Systems, Inc. has a 12 month low of $221.56 and a 12 month high of $376.45. The company’s 50-day moving average price is $347.32 and its two-hundred day moving average price is $320.58. The company has a quick ratio of 2.67, a current ratio of 2.82 and a debt-to-equity ratio of 0.49. The firm has a market cap of $90.06 billion, a P/E ratio of 89.33, a P/E/G ratio of 4.37 and a beta of 0.99.

Cadence Design Systems (NASDAQ:CDNS) last released its quarterly earnings results on Monday, July 28th. The software maker reported $1.65 EPS for the quarter, beating the consensus estimate of $1.56 by $0.09. Cadence Design Systems had a net margin of 19.88% and a return on equity of 29.65%. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the prior year, the firm earned $1.28 earnings per share. Cadence Design Systems’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. As a group, research analysts forecast that Cadence Design Systems, Inc. will post 5.41 EPS for the current fiscal year.

Insider Buying and Selling at Cadence Design Systems

In other Cadence Design Systems news, VP Paul Cunningham sold 1,000 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $348.27, for a total value of $348,270.00. Following the transaction, the vice president directly owned 99,672 shares in the company, valued at approximately $34,712,767.44. This trade represents a 0.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ita M. Brennan sold 180 shares of the firm’s stock in a transaction on 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 transaction, the director owned 7,830 shares in the company, valued at $2,619,213.30. This represents a 2.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,680 shares of company stock worth $3,729,852. Insiders own 1.99% of the company’s stock.

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.