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Cadence Design Systems, Inc. (NASDAQ:CDNS) Under Analyst Spotlight

13 Octobre 2017

(CDNS) stock price escalated 1.24% to finalize at $41.90 throughout previous buying and selling session.

Amid volatile financial markets and the presidential election, various investment brokerages have made amendments to their price targets and ratings on shares of Cadence Design Systems, Inc. (NASDAQ:CDNS)'s stock has changed 64.12%. Of those insider trades, 80,536 shares of Cadence Design Systems, Inc. were purchased and 364,921 shares were sold. The stock's 52-week range is $24.15 to $41.13, and its 3-month range is $ to $. Institutional owners hold 87.90% stake in the company while Insiders ownership held at 0.60%.

On average, analysts expect that Cadence Design Systems will report full-year earnings of $1.39 per share for the current fiscal year, with EPS estimates ranging from $1.37 to $1.40. The total amount of shares outstanding is 279.23 million, giving the company a market capitalization of about 11.56 billion.

Home Bancorp, a bank holding firm for Home Bank, N.A. The company has market cap of $317.12 million. Cadence Design Systems had a net margin of 12.86% and a return on equity of 27.81%.

SCANA Corporation (SCG) stock price distance from twenty day simple moving average slumped at -6.25% while its distance from fifty day simple moving average declined -14.22% along with -23.96% below distance from two hundred simple moving averages. For the next year, analysts forecast that the business will post earnings of $1.51 per share, with EPS estimates ranging from $1.46 to $1.55.

Bank results fail to inspire Wall Street
The broad-based S&P 500 shed 0.2 percent to 2,549.84, while the tech-rich Nasdaq Composite Index dropped 0.3 percent to 6,586.93. Advancing issues outnumbered declining ones on the NYSE by a 1.11-to-1 ratio; on Nasdaq, a 1.38-to-1 ratio favored decliners.

TRADEMARK VIOLATION WARNING: "Cadence Design Systems, Inc". RBC Capital Markets maintained Cadence Design Systems Inc (NASDAQ:CDNS) rating on Wednesday, July 5. Also, CFO Geoffrey G. Ribar sold 5,000 shares of the stock in a transaction dated Monday, August 21st. BidaskClub raised Cadence Design Systems from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, August 16th. Geoffrey G. Ribar, Sr VP sold $563,250 worth of shares at an average price of $37.55 on Monday the 28th. Credit Suisse Group reaffirmed an outperform rating on shares of Cadence Design Systems in a report on Thursday, August 31st. They now have a United States dollars 39 price target on the stock. The days to cover decreased to 0.0 and the percentage of shorted shares was 0.02% on September 15. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The disclosure for this sale can be found here. Analysts have a mean recommendation of 2.60 on this stock.

12/12/2016 - Cadence Design Systems, Inc. was downgraded to "underweight" by analysts at JP Morgan. BlackRock Inc. now owns 26,541,567 shares of the software maker's stock worth $833,406,000 after purchasing an additional 26,133,138 shares in the last quarter. As of the end of the quarter Janus Capital Management LLC had disposed of 20,617,271 shares trimming its holdings by 93.7%.

Looking forward, the company's quarterly earnings are expected to come at $0.24 in the three months through September 2017 and $0.27 in the quarter ending December 2017, reflecting 4.35% and 92.86% growth, respectively. State Street Corp raised its holdings in Cadence Design Systems by 1.2% in the second quarter. Axa reported 0.22% in Cadence Design Systems Inc (NASDAQ:CDNS). Goldman Sachs Group Inc. now owns 4,771,026 shares of the software maker's stock valued at $149,811,000 after acquiring an additional 1,549,905 shares in the last quarter.

Cadence Design Systems, Inc., launched on April 8, 1987, provides solutions that enable its customers to design electronic products. The Company's product categories include Functional Verification, Digital integrated circuits Design and Signoff, Custom IC Design and Verification, System Interconnect and Analysis, and intellectual property (IP).

Cadence Design Systems, Inc. (NASDAQ:CDNS) Under Analyst Spotlight