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

Texas Yale Capital Corp. boosted its stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 6.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Cadence Design Systems by 10.9% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 142,994 shares of the software maker’s stock worth $44,064,000 after buying an additional 14,022 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd purchased a new position in Cadence Design Systems during the 1st quarter valued at about $12,031,000. Charles Schwab Investment Management Inc. raised its position in Cadence Design Systems by 4.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,779,848 shares of the software maker’s stock worth $452,669,000 after acquiring an additional 73,719 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of Cadence Design Systems by 1.8% in the first quarter. Arizona State Retirement System now owns 80,333 shares of the software maker’s stock valued at $20,431,000 after purchasing an additional 1,447 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Cadence Design Systems in the first quarter valued at approximately $289,744,000. 84.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their price objective on Cadence Design Systems from $390.00 to $405.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. BNP Paribas Exane initiated coverage on Cadence Design Systems in a research report on Thursday, October 2nd. They set an “outperform” rating and a $400.00 price target for the company. BNP Paribas started coverage on Cadence Design Systems in a report on Thursday, October 2nd. They issued an “outperform” rating and a $400.00 price target for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $390.00 price objective on shares of Cadence Design Systems in a research note on Tuesday, October 28th. Finally, Berenberg Bank set a $400.00 target price on shares of Cadence Design Systems in a research note on Wednesday, July 30th. Fourteen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Cadence Design Systems has an average rating of “Moderate Buy” and a consensus price target of $376.00.

Cadence Design Systems Stock Down 1.0%

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

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

Insider Buying and Selling

In related news, Director Ita M. Brennan sold 180 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $334.51, for a total value of $60,211.80. Following the transaction, the director owned 7,830 shares in the company, valued at approximately $2,619,213.30. This trade represents a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Paul Cunningham sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $340.26, for a total transaction of $340,260.00. Following the sale, the vice president owned 98,067 shares of the company’s stock, valued at approximately $33,368,277.42. This represents a 1.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 10,680 shares of company stock valued at $3,711,392. 0.37% of the stock is currently owned by corporate insiders.

Cadence Design Systems 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.