Cadence Design Systems Inc. (CDNS): Investor showing Interest in it


Cadence Design Systems Inc. (NASDAQ:CDNS) changes shares on Friday trading session, with a change of 1.27% or $1.18 shares. The trading starts at $93.00 and closed at $92.66 throughout the day. The trading session low price was $91.76 and day high was $94.57 on Friday, June 26. After the session, the Technology sector daily volume shifted to 3.76 million while its average volume is 2.24M. In other hand, the CDNS market cap reached to $26.72B.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 2.11% and up 6.56% for month. Its quarterly performance was 50.67% above, while its half year performance is up 33.96%. CDNS yearly performance stood at positive 33.73% and rise 35.29% for year-to-date. Current recommendation for Cadence Design Systems Inc. is 2.30.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. CDNS EPS (TTM) for 12-month is 3.54. EPS for this year is 187.80%, while for the next year its value is 2.69. Sales growth for the current quarter is 2.12 while its EPS Q/Q reached 2.50%. It has an EPS of 46.80% up for past five years and for the next five years will be up 12.50%.

Geode Capital Management, LLC, Alkeon Capital Management LLC and Pictet Asset Management Ltd are the top three holders in Cadence Design Systems Inc. (CDNS) stock. On Mar 30, 2020, Geode Capital Management, LLC has 5.48 million shares which valued 362.09 million. On Mar 30, 2020, Alkeon Capital Management LLC owned 5.14 million shares which valued at 339.56 million. On Mar 30, 2020, Pictet Asset Management Ltd has a total of 4.82 million shares which valued at 318.49 million. In the end, Pictet Asset Management Ltd have 56.12% shares outstanding of Cadence Design Systems Inc. (CDNS) on Mar 30, 2020. The insider ownership moved to 0.90% and institutional holding shifted to 91.20%.

The company posted an EPS (TTM) of 3.54. According to the most recent quarter report on (Jun 2020), 14 analysts estimated an average EPS of 0.52, while 0.57 EPS posted a year ago period. Analyst Estimated EPS for CDNS published in the report was 0.5-0.56 during the same period. Comparing with last year, the average estimated EPS was 0.57 which is lower than 0.6 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for CDNS rise 29.36% for period of 200 days. SMA for 50 days was 9.40% which is showing green signal, while SMA-20 was 1.89%. The moving average value for Cadence Design Systems Inc. (CDNS) is 75.50 and 88.99 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in CDNS stock. On Jun 19, DEVGAN ANIRUDH, President, sold 60,000 trading shares at the cost of $94.98, which valued at 5.7 million. On Jun 16, DEVGAN ANIRUDH, President, sold 3,782 shares at the cost of $92.38, with total shares of 336,567. On Jun 15, TAN LIP BU, CEO, sold 50,000 shares at the cost of 89.80. After this transaction, TAN LIP BU total shares reached to 752,128 which valued at 4.49 million.