Generali Asset Management SPA SGR Has $10.17 Million Stake in Cadence Design Systems, Inc. $CDNS

Generali Asset Management SPA SGR grew its holdings in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 6.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 28,949 shares of the software maker’s stock after purchasing an additional 1,653 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Cadence Design Systems were worth $10,169,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in CDNS. Tiemann Investment Advisors LLC grew its holdings in Cadence Design Systems by 2.9% in the 2nd 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 during the last quarter. Petros Family Wealth LLC boosted its position in shares of Cadence Design Systems by 2.6% in the second quarter. Petros Family Wealth LLC now owns 1,277 shares of the software maker’s stock valued at $394,000 after acquiring an additional 32 shares during the period. Hemington Wealth Management grew 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 acquiring an additional 32 shares during the last quarter. KRS Capital Management LLC grew its stake in shares of 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 worth $852,000 after acquiring an additional 33 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. increased its position in Cadence Design Systems by 41.1% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 127 shares of the software maker’s stock worth $39,000 after acquiring an additional 37 shares during the period. 84.85% of the stock is currently owned by institutional investors.

Cadence Design Systems Stock Down 1.0%

Shares of CDNS opened at $312.58 on Friday. The company has a quick ratio of 2.84, a current ratio of 3.05 and a debt-to-equity ratio of 0.48. The company has a 50-day moving average price of $321.72 and a two-hundred day moving average price of $332.03. The stock has a market cap of $85.08 billion, a price-to-earnings ratio of 80.56, a P/E/G ratio of 4.02 and a beta of 1.05. Cadence Design Systems, Inc. has a 12 month low of $221.56 and a 12 month high of $376.45.

Cadence Design Systems (NASDAQ:CDNS) last issued its earnings results on Monday, October 27th. The software maker reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.79 by $0.14. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Cadence Design Systems had a return on equity of 30.13% and a net margin of 20.35%.Cadence Design Systems’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.64 EPS. 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. Equities analysts predict that Cadence Design Systems, Inc. will post 5.41 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CDNS has been the subject of a number of research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Cadence Design Systems in a report on Monday. BNP Paribas Exane began coverage on shares of Cadence Design Systems in a research note on Thursday, October 2nd. They issued an “outperform” rating and a $400.00 target price for the company. Needham & Company LLC restated a “buy” rating and set a $390.00 price target on shares of Cadence Design Systems in a research note on Monday, December 22nd. JPMorgan Chase & Co. raised 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. Finally, Wells Fargo & Company lifted their price objective on Cadence Design Systems from $405.00 to $410.00 and gave the stock an “overweight” rating in a report on Tuesday, October 28th. Fifteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Cadence Design Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $379.11.

Insider Activity at Cadence Design Systems

In other news, Director Ita M. Brennan sold 180 shares of the business’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $337.48, for a total value of $60,746.40. Following the sale, the director owned 7,650 shares in the company, valued at approximately $2,581,722. The trade was a 2.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Paul Scannell sold 5,490 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $339.43, for a total transaction of $1,863,470.70. Following the sale, the vice president directly owned 20,321 shares of the company’s stock, valued at approximately $6,897,557.03. The trade was a 21.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 61,025 shares of company stock valued at $20,054,246. Insiders own 1.99% of the company’s stock.

Cadence Design Systems Company 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.