安盟出售了铿腾电子系统公司 130,196 股股票，股票代码为$CDNS
Amundi has reduced its stake in Cadence Design Systems, Inc. by 8.3%, selling 130,196 shares in the first quarter. Following the sale, Amundi owns approximately 1,437,466 shares, valued at $358.9 million. Other institutional investors have also adjusted their positions, with significant increases in stakes from Merit Financial Group and Novem Group. Cadence Design Systems has received mixed analyst ratings, with a consensus rating of "Moderate Buy" and a target price of $364.33. The stock recently opened at $347.32, reflecting a 1.3% increase.
Amundi reduced its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) by 8.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,437,466 shares of the software maker's stock after selling 130,196 shares during the period. Amundi owned approximately 0.53% of Cadence Design Systems worth $358,911,000 as of its most recent filing with the Securities and Exchange Commission.
- 4 Semiconductor Stocks Earning Fresh Wall Street Upgrades
Other institutional investors have also made changes to their positions in the company. Park Square Financial Group LLC bought a new stake in shares of Cadence Design Systems in the fourth quarter valued at approximately $348,000. Merit Financial Group LLC boosted its stake in shares of Cadence Design Systems by 42.6% in the first quarter. Merit Financial Group LLC now owns 3,165 shares of the software maker's stock valued at $805,000 after buying an additional 946 shares during the period. Novem Group boosted its stake in shares of Cadence Design Systems by 30.3% in the first quarter. Novem Group now owns 4,067 shares of the software maker's stock valued at $1,034,000 after buying an additional 945 shares during the period. Seilern Investment Management Ltd bought a new stake in shares of Cadence Design Systems in the first quarter valued at approximately $64,800,000. Finally, Integrated Advisors Network LLC lifted its stake in Cadence Design Systems by 156.9% during the fourth quarter. Integrated Advisors Network LLC now owns 3,406 shares of the software maker's stock worth $1,023,000 after purchasing an additional 2,080 shares during the last quarter. 84.85% of the stock is currently owned by institutional investors.
Get Cadence Design Systems alerts:
Analyst Upgrades and Downgrades
CDNS has been the subject of several recent analyst reports. Rosenblatt Securities restated a "neutral" rating and set a $300.00 target price on shares of Cadence Design Systems in a research note on Friday, July 25th. Loop Capital upped their target price on Cadence Design Systems from $370.00 to $390.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. Robert W. Baird upped their target price on Cadence Design Systems from $340.00 to $380.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. Stifel Nicolaus upped their target price on Cadence Design Systems from $350.00 to $395.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. Finally, Wall Street Zen cut Cadence Design Systems from a "buy" rating to a "hold" rating in a research note on Sunday. Twelve analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $364.33.
- Intel Stock Rallies on Leadership Change—Time to Buy or Wait?
Get Our Latest Stock Report on CDNS
Insider Buying and Selling at Cadence Design Systems
In related news, VP Paul Cunningham sold 1,000 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $358.72, for a total value of $358,720.00. Following the completion of the sale, the vice president directly owned 104,499 shares in the company, valued at $37,485,881.28. This represents a 0.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ita M. Brennan sold 180 shares of the stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $304.00, for a total value of $54,720.00. Following the completion of the sale, the director owned 8,010 shares of the company's stock, valued at $2,435,040. The trade was a 2.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,180 shares of company stock valued at $1,021,790 over the last quarter. Company insiders own 0.37% of the company's stock.
Cadence Design Systems Stock Up 1.3%
- Intel Stock Surges on New CEO – The Real Story Runs Deeper
Shares of NASDAQ:CDNS opened at $347.32 on Thursday. The company has a fifty day moving average of $337.44 and a 200-day moving average of $298.45. The company has a market capitalization of $94.64 billion, a PE ratio of 93.87, a price-to-earnings-growth ratio of 4.60 and a beta of 1.00. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.67 and a current ratio of 2.82. Cadence Design Systems, Inc. has a 52-week low of $221.56 and a 52-week high of $376.45.
Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The software maker reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.09. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. Cadence Design Systems had a net margin of 19.88% and a return on equity of 29.65%. 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 earnings per share. Cadence Design Systems has set its Q3 2025 guidance at 1.750-1.810 EPS. FY 2025 guidance at 6.850-6.950 EPS. On average, equities analysts predict that Cadence Design Systems, Inc. will post 5.41 EPS for the current fiscal year.
Cadence Design Systems Company Profile
(Free Report)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.
Read More
- Five stocks we like better than Cadence Design Systems
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- Back-to-School Shopping Hits $40B: 3 Retail Stocks to Watch Now
- Should You Add These Warren Buffett Stocks to Your Portfolio?
- Alphabet Stock Surges After Dodging Harsh Antitrust Remedies
- How to Profit From Value Investing
- Why Qualcomm Is Outperforming NVIDIA After Months of Lagging
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in Cadence Design Systems Right Now?
Before you consider Cadence Design Systems, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cadence Design Systems wasn't on the list.
While Cadence Design Systems currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
