Cadence Design Systems Inc (NASDAQ:CDNS) price target raised to $52.00 by DA Davidson

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Analyst Ratings For Cadence Design Systems Inc (NASDAQ:CDNS)

Today, DA Davidson raised its price target on Cadence Design Systems Inc (NASDAQ:CDNS) to $52.00 per share.

There are 4 Buy Ratings, 3 Hold Ratings, no Strong Buy Ratings, no Sell Ratings on the stock.

The current consensus rating on Cadence Design Systems Inc (NASDAQ:CDNS) is Buy with a consensus target price of $46.8333 per share, a potential 3.73% upside.

Some recent analyst ratings include

  • 2/1/2018-Credit Suisse Group Reiterated Rating of In-Line .
  • 11/26/2017-KeyCorp Reiterated Rating of Hold.
  • 10/27/2017-Royal Bank of Canada Reiterated Rating of Buy.

Recent Insider Trading Activity For Cadence Design Systems Inc (NASDAQ:CDNS)
Cadence Design Systems Inc (NASDAQ:CDNS) has insider ownership of 2.28% and institutional ownership of 84.98%.

  • On 7/16/2018 Lip Bu Tan, CEO, sold 100,000 with an average share price of $45.14 per share and the total transaction amounting to $4,514,000.00.
  • On 7/9/2018 John M Wall, CFO, sold 750 with an average share price of $45.10 per share and the total transaction amounting to $33,825.00.
  • On 6/15/2018 Lip Bu Tan, CEO, sold 100,000 with an average share price of $44.82 per share and the total transaction amounting to $4,482,000.00.
  • On 6/11/2018 John M Wall, CFO, sold 750 with an average share price of $44.14 per share and the total transaction amounting to $33,105.00.
  • On 5/14/2018 John M Wall, CFO, sold 750 with an average share price of $42.37 per share and the total transaction amounting to $31,777.50.
  • On 5/1/2018 Anirudh Devgan, President, sold 39,780 with an average share price of $39.81 per share and the total transaction amounting to $1,583,641.80.
  • On 4/27/2018 Aneel Zaman, Insider, sold 43,733 with an average share price of $40.02 per share and the total transaction amounting to $1,750,194.66.

About Cadence Design Systems Inc (NASDAQ:CDNS)
Cadence Design Systems, Inc. provides electronic design automation software, emulation and prototyping hardware, system interconnect, and analysis 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 simulation platform; Palladium Z1, a verification computing platform; and Protium S1 field-programmable gate array prototyping platform. The company also provides digital integrated circuit (IC) design products, such as logic design products for chip planning, design, verification, and test technologies and services; physical implementation tools, including place and route, signal integrity, optimization, and multiple patterning preparation; and signoff products to signoff the design as ready for manufacture by a silicon foundry, as well as design for manufacturing products for use in the product development process. In addition, it offers custom IC design and verification products to create schematic and physical representations of circuits down to the transistor level for analog, mixed-signal, custom digital, memory, and radio frequency designs; and system interconnect design products to develop printed circuit boards and IC packages. Further, the company provides design intellectual property (IP) products consisting of pre-verified and customizable functional blocks to integrate into customer's ICs; and verification IP and memory models for use in system-level verification to model correct behavior of full systems interacting with their environments. Additionally, it offers services related to methodology, education, and hosted design solutions, as well as technical support and maintenance services. The company was founded in 1988 and is headquartered in San Jose, California.

Recent Trading Activity for Cadence Design Systems Inc (NASDAQ:CDNS)
Shares of Cadence Design Systems Inc closed the previous trading session at 45.15 up +0.010 0.022% with 44.98 shares trading hands.