Riding the Trend or Protecting Profits | Cadence Design Systems Inc. (CDNS)


Cadence Design Systems Inc. (NASDAQ:CDNS) went down by -2.00% from its latest closing price compared to the recent 1-year high of $118.22. The company’s stock price has collected -3.23% of loss in the last five trading sessions. MarketWatch.com reported 5 hours ago that Cadence Design Systems Inc. stock outperforms competitors despite losses on the day

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Is It Worth Investing in Cadence Design Systems Inc. (NASDAQ :CDNS) Right Now?

Cadence Design Systems Inc. (NASDAQ:CDNS) scored a price-to-earnings ratio above its average ratio, recording 27.98 x from its present earnings ratio. Plus, the 36-month beta value for CDNS is at 1.12.

CDNS currently public float of 274.79M and currently shorts hold a 0.84% ratio of that float. Today, the average trading volume of CDNS was 1.49M shares.

CDNS’s Market Performance

CDNS stocks went down by -3.23% for the week, with a monthly jump of 1.76% and a quarterly performance of -0.01%, while its annual performance rate touched 63.17%. The volatility ratio for the week stands at 3.04% while the volatility levels for the past 30 days are set at 2.62% for Cadence Design Systems Inc.. The simple moving average for the period of the last 20 days is -3.14% for CDNS stocks with a simple moving average of 20.62% for the last 200 days.

Analysts’ Opinion of CDNS

Many brokerage firms have already submitted their reports for CDNS stocks, with UBS repeating the rating for CDNS by listing it as a “Neutral.” The predicted price for CDNS in the upcoming period, according to UBS is $91 based on the research report published on May 27th of the current year 2020.

Robert W. Baird gave a rating of “Outperform” to CDNS, setting the target price at $93 in the report published on February 19th of the current year.

CDNS Trading at -0.62% from the 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, the company was unable to rebound, for now settling with -8.95% of loss for the given period.

Volatility was left at 2.62%, however, over the last 30 days, the volatility rate increased by 3.04%, as shares surge +0.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.38% lower at present.

During the last 5 trading sessions, CDNS fell by -3.23%, which changed the moving average for the period of 200-days by +48.25% in comparison to the 20-day moving average, which settled at $111.18. In addition, Cadence Design Systems Inc. saw 55.19% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at CDNS starting from TAN LIP BU, who sale 50,000 shares at the price of $115.64 back on Oct 15. After this action, TAN LIP BU now owns 731,709 shares of Cadence Design Systems Inc., valued at $5,782,167 using the latest closing price.

BECKLEY THOMAS P, the Sr. Vice President of Cadence Design Systems Inc., sale 23,806 shares at $110.00 during a trade that took place back on Oct 09, which means that BECKLEY THOMAS P is holding 245,410 shares at $2,618,660 based on the most recent closing price.

Stock Fundamentals for CDNS

Current profitability levels for the company are sitting at:

  • +21.42 for the present operating margin
  • +88.08 for the gross margin

The net margin for Cadence Design Systems Inc. stands at +42.33. The total capital return value is set at 23.31, while invested capital returns managed to touch 47.46. Equity return is now at value 48.30, with 28.20 for asset returns.

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Based on Cadence Design Systems Inc. (CDNS), the company’s capital structure generated 21.70 points at debt to equity in total, while total debt to capital is 17.83. Total debt to assets is 13.59, with long-term debt to equity ratio resting at 20.49. Finally, the long-term debt to capital ratio is 16.83.

When we switch over and look at the enterrpise to sales, we see a ratio of 8.33, with the company’s debt to enterprise value settled at 0.02. The receivables turnover for the company is 7.51 and the total asset turnover is 0.80. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.74.

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