Cadence Design Systems (NASDAQ:CDNS) price target raised to $60.00 by Needham & Company LLC

Analyst Ratings For Cadence Design Systems (NASDAQ:CDNS)

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Today, Needham & Company LLC raised its price target on Cadence Design Systems (NASDAQ:CDNS) to $60.00 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 (NASDAQ:CDNS) is Buy with a consensus target price of $53.1429 per share, a potential 3.59% downside.

Some recent analyst ratings include

  • 11/20/2018-Cadence Design Systems (NASDAQ:CDNS) has coverage initiated with a Hold ➝ Hold rating and $50.00 price target
  • 10/23/2018-Cadence Design Systems (NASDAQ:CDNS) gets upgraded to Buy by Benchmark with a price target of $51.00
  • 10/23/2018-Cadence Design Systems (NASDAQ:CDNS) gets upgraded to Neutral by JPMorgan Chase & Co. with a price target of $51.00
  • On 2/5/2019 John B Shoven, Director, sold 50,000 with an average share price of $50.00 per share and the total transaction amounting to $2,500,000.00.
  • On 1/31/2019 Lip Bu Tan, CEO, sold 100,000 with an average share price of $48.05 per share and the total transaction amounting to $4,805,000.00.
  • On 1/31/2019 Thomas P Beckley, Insider, sold 23,208 with an average share price of $48.00 per share and the total transaction amounting to $1,113,984.00.
  • On 11/1/2018 Aneel Zaman, Insider, sold 32,995 with an average share price of $44.46 per share and the total transaction amounting to $1,466,957.70.
  • On 10/25/2018 James J Cowie, VP, sold 60,000 with an average share price of $45.99 per share and the total transaction amounting to $2,759,400.00.
  • On 10/23/2018 Lip Bu Tan, CEO, sold 94,531 with an average share price of $46.00 per share and the total transaction amounting to $4,348,426.00.
  • On 9/21/2018 Anirudh Devgan, President, sold 20,476 with an average share price of $45.73 per share and the total transaction amounting to $936,367.48.

About Cadence Design Systems (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 (NASDAQ:CDNS)
Shares of Cadence Design Systems closed the previous trading session at 55,20 up +2,56 4,86 % with 57.24 shares trading hands.

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