Universal Beteiligungs und Servicegesellschaft mbH Buys 14,621 Shares of Cadence Design Systems, Inc. $CDNS

Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 6.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 247,749 shares of the software maker’s stock after acquiring an additional 14,621 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Cadence Design Systems were worth $87,024,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CDNS. Tiemann Investment Advisors LLC lifted its stake in Cadence Design Systems by 2.9% in the second quarter. Tiemann Investment Advisors LLC now owns 1,050 shares of the software maker’s stock valued at $324,000 after buying an additional 30 shares in the last quarter. Occidental Asset Management LLC boosted its position in Cadence Design Systems by 2.3% during the 3rd quarter. Occidental Asset Management LLC now owns 1,321 shares of the software maker’s stock worth $464,000 after acquiring an additional 30 shares during the last quarter. Petros Family Wealth LLC grew its stake in shares of 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 acquiring an additional 32 shares in the last quarter. Hemington Wealth Management raised its holdings 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 valued at $80,000 after purchasing an additional 32 shares during the last quarter. Finally, KRS Capital Management LLC grew its position in Cadence Design Systems by 1.4% in the third quarter. KRS Capital Management LLC now owns 2,425 shares of the software maker’s stock valued at $852,000 after purchasing an additional 33 shares in the last quarter. 84.85% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CDNS. BNP Paribas Exane began coverage on shares of Cadence Design Systems in a research note on Thursday, October 2nd. They set an “outperform” rating and a $400.00 price objective for the company. BNP Paribas initiated coverage on Cadence Design Systems in a report on Thursday, October 2nd. They issued an “outperform” rating and a $400.00 price objective for the company. Weiss Ratings restated a “hold (c)” rating on shares of Cadence Design Systems in a report on Monday, December 29th. Needham & Company LLC reissued a “buy” rating and issued a $390.00 price objective on shares of Cadence Design Systems in a research report on Monday, December 22nd. Finally, JPMorgan Chase & Co. upped their target price on shares of Cadence Design Systems from $390.00 to $405.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. Fourteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $380.72.

Insider Activity

In other news, VP Paul Cunningham sold 1,000 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $312.64, for a total transaction of $312,640.00. Following the completion of the sale, the vice president directly owned 97,067 shares of the company’s stock, valued at $30,347,026.88. This trade represents a 1.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Anirudh Devgan sold 20,000 shares of the firm’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $340.00, for a total value of $6,800,000.00. Following the completion of the sale, the chief executive officer directly owned 195,844 shares of the company’s stock, valued at $66,586,960. This represents a 9.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 62,025 shares of company stock valued at $20,369,946. 0.37% of the stock is currently owned by insiders.

Cadence Design Systems Stock Down 3.3%

Shares of NASDAQ:CDNS opened at $307.00 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.84 and a current ratio of 3.05. The company has a market capitalization of $83.57 billion, a PE ratio of 79.12, a price-to-earnings-growth ratio of 3.54 and a beta of 1.02. Cadence Design Systems, Inc. has a 52-week low of $221.56 and a 52-week high of $376.45. The company has a fifty day moving average of $317.11 and a 200-day moving average of $333.51.

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

Cadence Design Systems Profile

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.