Atlantic Union Bankshares Corp Has $778,000 Stock Holdings in Cadence Design Systems, Inc. $CDNS

Atlantic Union Bankshares Corp boosted its position in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 35.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 2,526 shares of the software maker’s stock after purchasing an additional 659 shares during the period. Atlantic Union Bankshares Corp’s holdings in Cadence Design Systems were worth $778,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of CDNS. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Cadence Design Systems by 10.9% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 142,994 shares of the software maker’s stock valued at $44,064,000 after buying an additional 14,022 shares during the period. OVERSEA CHINESE BANKING Corp Ltd bought a new stake in shares of Cadence Design Systems during the 1st quarter valued at $12,031,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Cadence Design Systems by 4.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,779,848 shares of the software maker’s stock worth $452,669,000 after purchasing an additional 73,719 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of Cadence Design Systems by 1.8% during the 1st quarter. Arizona State Retirement System now owns 80,333 shares of the software maker’s stock worth $20,431,000 after purchasing an additional 1,447 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of Cadence Design Systems in the first quarter worth $289,744,000. Institutional investors own 84.85% of the company’s stock.

Cadence Design Systems Stock Up 0.2%

CDNS stock opened at $325.05 on Friday. The stock has a 50-day simple moving average of $344.35 and a two-hundred day simple moving average of $328.44. The company has a quick ratio of 2.67, a current ratio of 3.05 and a debt-to-equity ratio of 0.48. Cadence Design Systems, Inc. has a twelve month low of $221.56 and a twelve month high of $376.45. The firm has a market capitalization of $88.48 billion, a PE ratio of 83.78, a PEG ratio of 4.55 and a beta of 1.00.

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

Insider Activity

In other Cadence Design Systems news, VP Paul Cunningham sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was 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 owned 102,499 shares in the company, valued at approximately $35,254,531.05. This trade represents a 0.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 completion of the transaction, the director owned 7,830 shares of the company’s stock, valued at approximately $2,619,213.30. The trade was a 2.25% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 16,230 shares of company stock valued at $5,530,682. 1.99% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

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.