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WealthShield and Wealth Alliance boosted stakes in Cadence Design Systems, which beat Q2 earnings and raised 2025 outlook despite insider sales.
WealthShield Partners LLC and Wealth Alliance LLC both increased their stakes in Cadence Design Systems, with the latter making a new $200,000 investment in the second quarter.
The company reported strong Q2 earnings, beating estimates with $1.93 EPS and a 10.1% revenue rise to $1.34 billion, while raising full-year 2025 guidance to $7.02–7.08 per share.
Despite insider sales totaling 16,230 shares worth $5.5 million in 90 days, including recent moves by CEO Anirudh Devgan, analysts maintain a "Moderate Buy" consensus with a $376.00 target.
The stock trades at $314.93 with a market cap of $85.72 billion.
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WealthShield y Wealth Alliance aumentaron sus participaciones en Cadence Design Systems, que superaron las ganancias del segundo trimestre y elevaron las perspectivas para 2025 a pesar de las ventas internas.