Published: Sat, May 20, 2017
Business | By Max Garcia

Cadence Design Systems Inc (CDNS) Given Average Rating of "Hold" by Brokerages

(CDNS) were valued at $32.39 and moved -2.56% as of a recent closing trade. Its down 38.7% from 9.94 million shares previously. Sciencast Management LP purchased a new position in shares of Cadence Design Systems during the fourth quarter worth approximately $214,000. The SI to Cadence Design Systems Incorporated's float is 2.22%. The recent low represents a 40.58% since 04/24/17 which is a good sign for traders looking to capitalize on the stock's upside. On the other side, analysts now consider Cadence Design Systems, Inc. a neutral, and a technical analysis of the stock is setting somewhat neutral outlook for now. It has by 0.00% the S&P500. In that case, its shares would mark a 1.41% decline from the most recent price. ManpowerGroup Inc. (MAN) has $6.62B valuation.

Investors sentiment decreased to 0.77 in 2016 Q4. Its down 0.02, from 0.79 in 2016Q3. Cadence Design Systems Inc has a 52 week low of $22.99 and a 52 week high of $33.61. The company have shares float of 276.48 million. Weaver C Barksdale Associate reported 0.02% stake. The company has a 1-week performance of 2.83%. Jacobs Levy Equity Mgmt Inc reported 153,345 shares or 0.07% of all its holdings. Jaffetilchin Investment Prtnrs Limited Liability Company has 0.07% invested in Cadence Design Systems Inc (NASDAQ:CDNS) for 8,851 shares. The stock traded at a volume of 2.94 million shares. Loomis Sayles And Lp invested 0% in Cadence Design Systems Inc (NASDAQ:CDNS). Equities analysts forecast that Cadence Design Systems Inc will post $1.38 earnings per share for the current fiscal year. LLC raised its position in shares of Cadence Design Systems by 0.7% in the fourth quarter.

Shares of Cadence Design Systems (NASDAQ:CDNS) traded down 1.99% during mid-day trading on Tuesday, hitting $32.58. The correct version of this news story can be accessed at Spectrum Mngmt Group has 32,225 shares. That's the pessimistic view from Wall Street. Dekabank Deutsche Girozentrale reported 208,400 shares or 0.06% of all its holdings.

10/22/2014 - Cadence Design Systems, Inc. had its "outperform" rating reiterated by analysts at Pacific Crest. The insider Cowie James J sold 2,087 shares worth $61,170. As per Thursday, February 9, the company rating was maintained by Berenberg. Benjamin F. Edwards & Company Inc. raised its position in shares of Cadence Design Systems by 83.2% in the third quarter. Zacks Investment Research cut Cadence Design Systems from a "buy" rating to a "hold" rating in a report on Friday, April 28th. Since the beta is less than 1, it can be interpreted that the stock is theoretically less volatile than the market - something traders will surely be keeping an eye on. 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). It has a 25.72 P/E ratio.

DA Davidson "Downgrades" Cadence Design Sys (NASDAQ:CDNS) in a research note issued to investors on 4/25/17 to Neutral with price target of $0. Therefore 50% are positive. Elementis PLC had 63 analyst reports since July 29, 2015 according to SRatingsIntel. They now have a United States dollars 27 price target on the stock. The stock now has a Market Cap of $32.22B. The firm has "Buy" rating given on Thursday, January 28 by Investec. The company was upgraded on Monday, October 10 by DA Davidson. The total market capitalization remained at $10.24 billion. The stock presently has a consensus rating of "Hold" and an average target price of $29.83. As per Wednesday, October 19, the company rating was initiated by Credit Suisse.

The chart of Cadence Design Systems Inc (CDNS) shows a double top with $34.91 target or 8.00 % above today's $32.32 share price. On Friday, December 18 the stock rating was maintained by BNP Paribas with "Neutral". The stock of ManpowerGroup Inc. The firm has "Corporate" rating given on Monday, November 9 by N+1 Singer. Jefferies maintained Elementis plc (LON:ELM) rating on Monday, March 21. Plante Moran Llc owns 646 shares for 0.01% of their portfolio. Yorktown Management And Rech Inc has 9,900 shares for 0.06% of their portfolio. (NYSE:MAN) for 37,964 shares. Mu Invs Communication Ltd reported 2,200 shares stake. (NYSE:MAN) or 1.39M shares. Allianz Asset Ag holds 615,337 shares or 0.01% of its portfolio.

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