Cadence Design Systems Inc (NASDAQ:CDNS) CFO John M. Wall sold 750 shares of Cadence Design Systems stock in a transaction on Monday, April 9th. The shares were sold at an average price of $36.16, for a total value of $27,120.00. Following the transaction, the chief financial officer now owns 124,458 shares in the company, valued at $4,500,401.28. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of Cadence Design Systems stock opened at $37.38 on Friday. The firm has a market cap of $10,811.11, a price-to-earnings ratio of 35.26, a price-to-earnings-growth ratio of 3.73 and a beta of 1.14. Cadence Design Systems Inc has a 52 week low of $31.22 and a 52 week high of $46.00. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.53 and a quick ratio of 1.47.
Cadence Design Systems (NASDAQ:CDNS) last released its quarterly earnings data on Wednesday, January 31st. The software maker reported $0.39 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.39. Cadence Design Systems had a net margin of 10.50% and a return on equity of 31.28%. The business had revenue of $501.70 million during the quarter, compared to analysts’ expectations of $496.20 million. During the same quarter in the prior year, the company earned $0.34 EPS. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. sell-side analysts forecast that Cadence Design Systems Inc will post 0.85 EPS for the current year.
Several equities analysts recently issued reports on CDNS shares. Zacks Investment Research upgraded Cadence Design Systems from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 3rd. BidaskClub lowered Cadence Design Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, February 7th. Credit Suisse Group reaffirmed a “neutral” rating and set a $43.00 price objective (up from $37.00) on shares of Cadence Design Systems in a report on Thursday, February 1st. DA Davidson raised Cadence Design Systems from a “neutral” rating to a “buy” rating in a report on Thursday, April 5th. Finally, ValuEngine raised Cadence Design Systems from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $44.20.
COPYRIGHT VIOLATION NOTICE: This news story was originally reported by Week Herald and is the sole property of of Week Herald. If you are accessing this news story on another domain, it was stolen and republished in violation of US and international trademark & copyright law. The original version of this news story can be accessed at https://weekherald.com/2018/04/20/john-m-wall-sells-750-shares-of-cadence-design-systems-inc-cdns-stock.html.
Cadence Design Systems Company Profile
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).
Receive News & Ratings for Cadence Design Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cadence Design Systems and related companies with MarketBeat.com's FREE daily email newsletter.