Cadence Design Systems, Inc. (NASDAQ:CDNS) CEO Lip Bu Tan sold 100,000 shares of Cadence Design Systems stock in a transaction on Monday, July 17th. The stock was sold at an average price of $34.68, for a total transaction of $3,468,000.00. Following the sale, the chief executive officer now directly owns 583,332 shares of the company’s stock, valued at approximately $20,229,953.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Lip Bu Tan also recently made the following trade(s):

  • On Thursday, June 15th, Lip Bu Tan sold 100,000 shares of Cadence Design Systems stock. The shares were sold at an average price of $34.04, for a total transaction of $3,404,000.00.

Cadence Design Systems, Inc. (NASDAQ CDNS) traded up 1.47% during midday trading on Wednesday, reaching $35.32. 1,594,769 shares of the company traded hands. Cadence Design Systems, Inc. has a 12-month low of $23.83 and a 12-month high of $35.69. The stock has a market capitalization of $9.88 billion, a P/E ratio of 45.40 and a beta of 0.93. The company has a 50 day moving average of $34.37 and a 200-day moving average of $31.47.

Cadence Design Systems (NASDAQ:CDNS) last posted its quarterly earnings data on Monday, April 24th. The software maker reported $0.32 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.32. Cadence Design Systems had a net margin of 11.97% and a return on equity of 26.52%. The company had revenue of $477 million during the quarter, compared to analysts’ expectations of $474.23 million. During the same period in the prior year, the company posted $0.28 earnings per share. Cadence Design Systems’s revenue for the quarter was up 6.5% compared to the same quarter last year. Equities analysts anticipate that Cadence Design Systems, Inc. will post $1.38 EPS for the current fiscal year.

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Several equities analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Cadence Design Systems from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a report on Thursday, April 27th. Royal Bank Of Canada reissued a “buy” rating on shares of Cadence Design Systems in a report on Friday, July 7th. DA Davidson lowered shares of Cadence Design Systems from a “buy” rating to a “neutral” rating in a report on Tuesday, April 25th. Finally, BidaskClub raised shares of Cadence Design Systems from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $29.83.

Large investors have recently bought and sold shares of the company. Franklin Resources Inc. bought a new stake in Cadence Design Systems during the fourth quarter worth approximately $1,362,000. Dodge & Cox bought a new stake in Cadence Design Systems during the fourth quarter worth approximately $27,750,000. Teachers Advisors LLC boosted its stake in Cadence Design Systems by 26.4% in the fourth quarter. Teachers Advisors LLC now owns 347,424 shares of the software maker’s stock worth $8,762,000 after buying an additional 72,492 shares during the last quarter. Pensionfund Sabic bought a new stake in Cadence Design Systems during the first quarter worth approximately $1,714,000. Finally, Pensionfund DSM Netherlands bought a new stake in Cadence Design Systems during the first quarter worth approximately $3,410,000. Institutional investors and hedge funds own 86.27% of the company’s stock.

About Cadence Design Systems

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

Insider Buying and Selling by Quarter for Cadence Design Systems (NASDAQ:CDNS)

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