02/09/2017 – Cadence Design Systems, Inc. had its “outperform” rating reiterated by analysts at RBC Capital.
10/19/2016 – Credit Suisse began new coverage on Cadence Design Systems, Inc. giving the company a “neutral” rating. It has by 0.00% the S&P500. On a one to five ratings scale where 1.0 indicates a Strong Buy, 2.0 indicates a Buy, 3.0 a Hold, 4.0 a Sell and 5.0 a Stong Sell.
CDNS has been the topic of several research analyst reports. Deutsche Bank downgraded the stock to “Hold” rating in Wednesday, December 9 report. They now have a Dollars 25 price target on the stock. As per Thursday, February 9, the company rating was maintained by Berenberg. (NYSE:MAN) earned “Buy” rating by Zacks on Monday, September 7. The stock returns do not impact the head to head compare scores which are focused on the fundamentals of each company, but ultimately stock returns are are still a critical piece to a full analysis and compare.
The stock decreased 1.72% or GBX 5.1 on May 18, reaching GBX 290.6. Another trade for 50,000 shares valued at $1.49 million was sold by RIBAR GEOFFREY G.
Elementis plc is a United Kingdom-based specialty chemicals company. 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 Firm operates through three divisions: Specialty Products, Chromium and Surfactants. The Specialty Products segment provides functional additives to the coatings, personal care and energy markets. CDNS’s -0.45 has created a negative sentiment when measured over the past 30 days. Its down 0.02, from 0.79 in 2016Q3. 42 funds opened positions while 85 raised stakes. The company have shares float of 276.48 million.
News headlines about Cadence Design Systems (NASDAQ:CDNS) have trended positive recently, Alpha One Sentiment Analysis reports. Prudential Finance reported 0.01% stake. The New York-based Cowen Group Inc has invested 0.15% in Cadence Design Systems Inc (NASDAQ:CDNS). Blackrock Ltd Liability Corporation holds 1.02M shares or 0.03% of its portfolio. Employees Retirement Systems Of Texas invested in 0.05% or 136,000 shares.
Cadence Design Systems (NASDAQ:CDNS) last announced its earnings results on Monday, April 24th. Caisse De Depot Et Placement Du Quebec accumulated 56,400 shares. Ltd. boosted its position in Cadence Design Systems by 1.4% in the third quarter. 40 North Ltd Llc reported 8.76 million shares or 40.41% of all its holdings. (NYSE:GIS) plummeted -0.21% to $55.91. Finally, DA Davidson cut Cadence Design Systems from a “buy” rating to a “neutral” rating in a report on Tuesday, April 25th. Cadence Design Systems Inc has $33 highest and $21 lowest target. The stock was sold at an average price of $29.62, for a total transaction of $105,447.20.
On the other hand the company has Relative Strength Index (RSI 14) of 47.05 along with Average True Range (ATR 14) of 0.48, Consequently Cadence Design Sys (NASDAQ:CDNS)’s weekly and monthly volatility is 1.35%, 1.29% respectively. On Tuesday, October 27 the stock rating was maintained by RBC Capital Markets with “Outperform”. The stock price climbed 27.32% over the past year, yielding a positive weighted alpha of 12.1 percent. Earnings per share are calculated by dividing a company’s net income by its number of shares outstanding. The company was upgraded on Monday, October 10 by DA Davidson. Northland Capital has “Outperform” rating and $25 target. The stock has “Neutral” rating by DA Davidson on Wednesday, April 6.
Since November 21, 2016, it had 0 buys, and 15 insider sales for $21.79 million activity. SANGIOVANNI VINCENTELLI ALBERTO sold 75,000 shares worth $1.94M. $623,836 worth of Cadence Design Systems Inc (NASDAQ:CDNS) was sold by DEVGAN ANIRUDH on Thursday, March 9. The insider Cowie James J sold 2,087 shares worth $61,170. Equities analysts predict that Cadence Design Systems will post $1.38 earnings per share for the current year. Before we dive into the analysis, we will look at the stock returns for each company over the last three months, six months and the a year ago. CDNS’s profit will be $57.23M for 38.49 P/E if the $0.21 EPS becomes a reality. The software maker reported $0.32 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.32.