B.O.S.S. Retirement Advisors LLC Decreases Stock Position in Cadence Design Systems, Inc. $CDNS

B.O.S.S. Retirement Advisors LLC cut its position in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 6.6% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,570 shares of the software maker’s stock after selling 183 shares during the period. B.O.S.S. Retirement Advisors LLC’s holdings in Cadence Design Systems were worth $792,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Smallwood Wealth Investment Management LLC purchased a new stake in Cadence Design Systems during the first quarter valued at about $25,000. Costello Asset Management INC bought a new stake in shares of Cadence Design Systems in the first quarter valued at approximately $25,000. Saudi Central Bank purchased a new stake in shares of Cadence Design Systems during the 1st quarter valued at approximately $27,000. Valley National Advisers Inc. boosted its holdings in Cadence Design Systems by 707.1% in the 1st quarter. Valley National Advisers Inc. now owns 113 shares of the software maker’s stock worth $28,000 after buying an additional 99 shares during the period. Finally, Meeder Asset Management Inc. grew its stake in Cadence Design Systems by 36.5% in the 1st quarter. Meeder Asset Management Inc. now owns 172 shares of the software maker’s stock valued at $44,000 after buying an additional 46 shares in the last quarter. Institutional investors own 84.85% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on CDNS. KeyCorp increased their target price on Cadence Design Systems from $358.00 to $405.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. JPMorgan Chase & Co. increased their price objective on Cadence Design Systems from $330.00 to $390.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Loop Capital lifted their target price on Cadence Design Systems from $370.00 to $390.00 and gave the company a “buy” rating in a report on Tuesday, July 29th. Wall Street Zen cut Cadence Design Systems from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. Finally, Robert W. Baird raised their price objective on shares of Cadence Design Systems from $340.00 to $380.00 and gave the company an “outperform” rating in a research report on Monday, July 28th. Twelve analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $364.33.

Cadence Design Systems Trading Up 0.2%

NASDAQ CDNS opened at $351.97 on Thursday. 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 stock’s 50-day simple moving average is $352.28 and its two-hundred day simple moving average is $312.46. Cadence Design Systems, Inc. has a twelve month low of $221.56 and a twelve month high of $376.45. The company has a market capitalization of $95.91 billion, a price-to-earnings ratio of 95.13, a PEG ratio of 4.61 and a beta of 0.99.

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

Insider Activity at Cadence Design Systems

In other news, VP Paul Cunningham sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $343.95, for a total value of $343,950.00. Following the completion of the sale, the vice president directly owned 102,499 shares in the company, valued at approximately $35,254,531.05. The trade was a 0.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Ita M. Brennan sold 180 shares of the company’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $334.51, for a total transaction 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. This trade represents a 2.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,180 shares of company stock worth $762,882 over the last three months. Insiders own 1.99% of the company’s stock.

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.