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Cadence Design Systems, Inc. (NASDAQ: CDNS) went up by 1.61% from its latest closing price when compared to the 1-year high value of $70.49, while CDNS stocks collected +1.67% of gains with the last five trading sessions.

Cadence Design Systems, Inc. (NASDAQ: CDNS) Worth an Investment?

Cadence Design Systems, Inc. (NASDAQ: CDNS) scored price to earnings ratio above its average ratio, recording 50.25 times of increase in earnings at the present.

CDNS Market Performance

CDNS stocks went up by 1.67% for the week, with the monthly jump of 7.96% and a quarterly performance of 35.21%, while its annual performance rate touched 70.03%. The simple moving average for the period of the last 20 days is 2.97% for CDNS stocks with the simple moving average of 38.21% for the last 200 days.

Analysts’ Opinion on Cadence Design Systems, Inc. (NASDAQ: CDNS)

Many brokerage firms have already submitted their reports for CDNS stocks, with Wells Fargo repeating the rating for CDNS shares by setting it to “Market Perform”. The predicted price for CDNS socks in the upcoming period according to Wells Fargo is $166 based on the research report published on May 15, 2019.

KeyBanc Capital Markets, on the other hand, stated in their research note that they expect to see CDNS stock at the price of $166. The rating they have provided for CDNS stocks is “Sector Weight” according to the report published on April 10, 2019.

Needham gave “Buy” rating to CDNS stocks, setting the target price at $64 in the report published on March 14, 2019.

CDNS Stocks 8.06% Far from 50 Day Moving Average

After a stumble in the market that brought CDNS to its low price for the period of the last 52 weeks, Cadence Design Systems, Inc. was unable to take a rebound, for now settling with -0.91% of loss for the given period.

The stock volatility was left at 2.49%, however, within the period of a single month, the volatility rate increased by 2.51%, while the shares surge at the distance of +9.19% for the moving average in the last 20 days. In oppose to the moving average for the last 50 days, trading by +19.38% upper at the present time.

In the course of the last 5 trading sessions, CDNS went up by +1.67%, which changed the moving average for the period of 200 days to the total of +59.08% of gains for the stock in comparison to the 20-day moving average settled at $68.13. In addition, Cadence Design Systems, Inc. saw 60.65% in overturn over the period of a single year with a tendency to cut further gains.

CDNS Stock Insider Trading

Reports are indicating that there were more than several insider trading activities at Cadence Design Systems, Inc. (CDNS), starting from WALL JOHN M, who sold 3,000 shares at the price of $67.25 back on Apr 24. After this action, Rushing now owns 209,576 shares of Cadence Design Systems, Inc., valued at $201,750 with the latest closing price.

TAN LIP BU, the CEO of Cadence Design Systems, Inc., sold 40,000 shares at the value of $64.98 during a trade that took place back on Apr 15, which means that TAN LIP BU is holding 859,852 shares at the value of $2,599,200 based on the most recent closing price.

CDNS Stock Fundamentals

The current profitability levels are settled at +19.05 for the present operating margin and +86.00 for gross margin. The net margin for Cadence Design Systems, Inc. stands at +16.17. Total capital return value is set at 23.60, while invested capital returns managed to touch 21.17. Equity return holds the value 30.90%, with 16.00% for asset returns.

Based on Cadence Design Systems, Inc. (CDNS), the company’s capital structure generated 34.56 points for debt to equity in total, while total debt to capital is set at the value of 25.68. Total debt to assets is settled at the value of 18.04 with long-term debt to equity ratio rests at 26.80 and long-term debt to capital is 19.92.

EBITDA value lies at +157.45 M with total debt to EBITDA carrying the value of 0.81. The value for Enterprise to Sales is 8.83 with debt to enterprise value settled at 0.04. The receivables turnover for Cadence Design Systems, Inc. is 8.59 with the total asset turnover at the value of 0.87. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.34.