Cadence Design Systems, Inc. (NASDAQ:CDNS) went down by -2.63% from its latest closing price when compared to the 1-year high value of $77.08 and move down -6.14%, while CDNS stocks collected -1.51% of loss with the last five trading sessions. Barron's reported on 01/24/20 that Deere Is a Titan and Its Stock Is a Bargain, Says Todd Ahlsten
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 48.00 times of increase in earnings at the present.
CDNS Market Performance
CDNS stocks went down by -1.51% for the week, with the monthly jump of 4.26% and a quarterly performance of 11.57%, while its annual performance rate touched 55.87%. The simple moving average for the period of the last 20 days is 0.42% for CDNS stocks with the simple moving average of 5.86% 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 “Outperform”. The predicted price for CDNS socks in the upcoming period according to Wells Fargo is based on the research report published on October 11, 2019.
BofA/Merrill, on the other hand, stated in their research note that they expect to see CDNS stock at the price of $73. The rating they have provided for CDNS stocks is “Neutral” according to the report published on September 23, 2019.
JP Morgan gave “Neutral” rating to CDNS stocks, setting the target price at $75 in the report published on September 11, 2019.
CDNS Stocks 4.21% 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 -5.79% of loss for the given period.
The stock volatility was left at 1.79%, however, within the period of a single month, the volatility rate increased by 2.07%, while the shares surge at the distance of +3.67% for the moving average in the last 20 days. In oppose to the moving average for the last 50 days, trading by +7.46% upper at the present time.
In the course of the last 5 trading sessions, CDNS went down by -1.51%, which changed the moving average for the period of 200 days to the total of +12.64% of gains for the stock in comparison to the 20-day moving average settled at $72.44. In addition, Cadence Design Systems, Inc. saw 4.70% 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 BECKLEY THOMAS P, who sold 55,750 shares at the price of $75.00 back on Jan 22. After this action, Rushing now owns 284,754 shares of Cadence Design Systems, Inc., valued at $4,181,250 with the latest closing price.
Adams Mark, the Director of Cadence Design Systems, Inc., sold 3,250 shares at the value of $75.00 during a trade that took place back on Jan 22, which means that Adams Mark is holding 25,839 shares at the value of $243,750 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 +87.24 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 30.70%, with 16.60% 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 17.60 and long-term debt to capital is 26.80.
EBITDA value lies at +150.84 M with total debt to EBITDA carrying the value of 0.85. The value for Enterprise to Sales is 8.53 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.