Which Insider bought 75500 Shares Of Cadence Design Systems, Inc. (CDNS)?

Lloyd Doyle
October 13, 2017

If the published price targets set by Synaptics Incorporated analysts have any power to influence the stock's share price, the highest price target set for SYNA is $68.

The average Wall Street analyst rating for Cadence Design Systems, Inc.is Hold, according to the average of 9 analyst scores. The stock of Cadence Design Systems Inc (NASDAQ:CDNS) has "Buy" rating given on Friday, May 26 by RBC Capital Markets. 40 North Management Llc sold 2.82 million shares as Cadence Design System Inc (CDNS)'s stock rose 8.54%. The shares price has positioned 20.15% up over the past quarter while it has directed 32.36% toward a rising position throughout past six months. Of those insider trades, 80,536 shares of Cadence Design Systems, Inc. were purchased and 364,921 shares were sold. The business had revenue of $479.00 million during the quarter, compared to the consensus estimate of $476.21 million. Cadence Design Systems has a 52-week low of $24.15 and a 52-week high of $41.47. Institutional owners hold 87.90% stake in the company while Insiders ownership held at 0.60%. The volume of SYNA witnessed a shift from 1.49 million shares, based on a 50-day average, to 951.14 million shares. The company has market cap of $11.79 billion. Cadence Design Systems had a net margin of 12.86% and a return on equity of 27.81%. The 50 day moving average was up by +6.99% and the 200 day average moved up $6.19.

Synaptics Incorporated most recently reported earnings per share (EPS) of $1.18 for the June 2017 versus $0.46 in the same quarter a year ago, representing 157% growth. They expect $0.24 EPS, up 4.35% or $0.01 from last year's $0.23 per share.

Cadence Design Systems Announces Third Quarter 2017 Financial Results Webcast. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The firm's revenue for the quarter was up 5.7% on a year-over-year basis. There were 48 sold out positions, amounting to 5.64 million shares. It doesn't indicate the likely direction of the stock price, just the likelihood that the stock will move.

In the market the company is trading up by 0.81%% since yesterday's close of 40.68. BidaskClub lowered shares of Cadence Design Systems from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, July 25th. The shares were sold at an average price of $37.31, for a total transaction of $1,305,850.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The disclosure for this sale can be found here. The original version of this article can be accessed at https://www.dispatchtribunal.com/2017/10/12/cadence-design-systems-inc-cdns-price-target-increased-to-45-00-by-analysts-at-royal-bank-of-canada.html. Analysts have a mean recommendation of 2.60 on this stock. BlackRock Inc. now owns 26,541,567 shares of the software maker's stock worth $833,406,000 after purchasing an additional 26,133,138 shares in the last quarter. The value in dollars went from $6,521,000 to $8,978,000 a change of $2,457,000 since the last quarter. Janus Henderson Group PLC raised its holdings in Cadence Design Systems by 73,454.0% in the second quarter. The software maker reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.02. Axa reported 0.22% in Cadence Design Systems Inc (NASDAQ:CDNS).

Product Ptnrs Ltd Liability Corp has 0.38% invested in Cadence Design Systems Inc (NASDAQ:CDNS) for 283,243 shares. The Company's product categories include Functional Verification, Digital integrated circuits Design and Signoff, Custom IC Design and Verification, System Interconnect and Analysis, and intellectual property (IP).

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