United Capital Financial Advisors LLC Invests $5.05 Million in Cadence Design Systems, Inc. $CDNS

United Capital Financial Advisors LLC acquired a new stake in Cadence Design Systems, Inc. (NASDAQ:CDNS) during the second quarter, HoldingsChannel reports. The firm acquired 13,450 shares of the software maker’s stock, valued at approximately $5,048,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Avalon Trust Co purchased a new position in Cadence Design Systems in the second quarter valued at approximately $30,000. Fiduciary Financial Advisors acquired a new position in shares of Cadence Design Systems in the 2nd quarter valued at $31,000. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Cadence Design Systems in the 4th quarter valued at $28,000. Arlington Trust Co LLC raised its stake in Cadence Design Systems by 154.3% during the 2nd quarter. Arlington Trust Co LLC now owns 89 shares of the software maker’s stock worth $33,000 after acquiring an additional 54 shares in the last quarter. Finally, Imprint Wealth LLC purchased a new stake in Cadence Design Systems in the third quarter valued at $31,000. Hedge funds and other institutional investors own 84.85% of the company’s stock.

Cadence Design Systems Stock Down 2.1%

Cadence Design Systems stock opened at $340.39 on Friday. The stock has a 50 day moving average of $348.17 and a two-hundred day moving average of $333.27. Cadence Design Systems, Inc. has a twelve month low of $262.75 and a twelve month high of $416.69. The stock has a market capitalization of $93.74 billion, a price-to-earnings ratio of 67.67, a PEG ratio of 3.73 and a beta of 1.15. The company has a current ratio of 1.74, a quick ratio of 1.53 and a debt-to-equity ratio of 0.36.

Cadence Design Systems (NASDAQ:CDNS) last released its earnings results on Monday, July 27th. The software maker reported $2.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.05 by $0.06. Cadence Design Systems had a return on equity of 27.98% and a net margin of 23.60%.The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the previous year, the company posted $1.65 earnings per share. The company’s revenue for the quarter was up 24.2% compared to the same quarter last year. Cadence Design Systems has set its FY 2026 guidance at 8.050-8.150 EPS and its Q3 2026 guidance at 2.010-2.070 EPS. As a group, research analysts expect that Cadence Design Systems, Inc. will post 6.4 earnings per share for the current year.

Insider Buying and Selling

In other Cadence Design Systems news, Director James D. Plummer sold 1,511 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $381.34, for a total transaction of $576,204.74. Following the completion of the transaction, the director owned 23,264 shares in the company, valued at approximately $8,871,493.76. This represents a 6.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paul Scannell sold 7,081 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $393.91, for a total transaction of $2,789,276.71. Following the completion of the sale, the vice president owned 32,181 shares of the company’s stock, valued at $12,676,417.71. This trade represents a 18.04% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 91,129 shares of company stock worth $36,206,647 in the last ninety days. Insiders own 0.49% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Rosenblatt Securities raised their price objective on Cadence Design Systems from $410.00 to $420.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. Oppenheimer reissued a “market perform” rating and issued a $300.00 price objective on shares of Cadence Design Systems in a report on Tuesday, July 28th. Needham & Company LLC reiterated a “buy” rating and issued a $400.00 price target on shares of Cadence Design Systems in a research report on Tuesday, July 28th. Bank of America increased their price target on shares of Cadence Design Systems from $400.00 to $420.00 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. Finally, KeyCorp restated an “overweight” rating on shares of Cadence Design Systems in a research note on Tuesday, July 28th. Thirteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $405.69.

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.