Cadence Design Systems (CDNS) Given Daily News Sentiment Rating of 0.11
News stories about Cadence Design Systems (NASDAQ:CDNS) have trended somewhat positive recently, Accern reports. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cadence Design Systems earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news headlines about the software maker an impact score of 45.3580544259174 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- Cadence Tensilica HiFi Audio DSP is the First DSP IP Core to … – Business Wire (press release) (businesswire.com)
- Cadence Design Systems, Inc. (CDNS) : Investor is seeking for stock with consensus Analysts Rating? – Wall Street Morning (wallstreetmorning.com)
- Cadence Design Systems, Inc. (CDNS) – Market Mover – Nasdaq Fortune (press release) (nasdaqfortune.com)
- Cadence Tensilica HiFi Audio DSP is the First DSP IP Core to Support Dolby Atmos for PCs (finance.yahoo.com)
- Cadence Design Systems Sees Unusually High Options Volume (CDNS) (americanbankingnews.com)
Shares of Cadence Design Systems (NASDAQ CDNS) traded up $0.15 during trading hours on Tuesday, hitting $45.07. The stock had a trading volume of 1,692,252 shares, compared to its average volume of 2,195,233. Cadence Design Systems has a 52-week low of $25.42 and a 52-week high of $45.64. The stock has a market cap of $12,740.00, a price-to-earnings ratio of 48.99, a price-to-earnings-growth ratio of 3.61 and a beta of 0.94. The company has a quick ratio of 1.72, a current ratio of 1.79 and a debt-to-equity ratio of 0.64.
A number of brokerages have recently commented on CDNS. DA Davidson raised their price objective on shares of Cadence Design Systems to $43.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Cadence Design Systems from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research note on Wednesday, November 1st. Royal Bank of Canada raised their price objective on shares of Cadence Design Systems from $39.00 to $45.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 11th. Needham & Company LLC reaffirmed a “hold” rating on shares of Cadence Design Systems in a research note on Sunday, October 29th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Cadence Design Systems in a research note on Sunday, November 26th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $44.50.
In other Cadence Design Systems news, CEO Lip Bu Tan sold 100,000 shares of the firm’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $41.97, for a total value of $4,197,000.00. Following the transaction, the chief executive officer now owns 445,833 shares in the company, valued at approximately $18,711,611.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas P. Beckley sold 43,469 shares of the firm’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $44.09, for a total value of $1,916,548.21. Following the completion of the transaction, the insider now owns 225,863 shares in the company, valued at approximately $9,958,299.67. The disclosure for this sale can be found here. Insiders have sold a total of 330,224 shares of company stock worth $14,233,500 in the last quarter. Insiders own 2.55% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This piece was posted by Watch List News and is the sole property of of Watch List News. If you are viewing this piece on another domain, it was stolen and reposted in violation of international trademark & copyright laws. The correct version of this piece can be viewed at https://www.watchlistnews.com/cadence-design-systems-cdns-given-daily-news-sentiment-rating-of-0-11/1800321.html.
About Cadence Design Systems
Cadence Design Systems, Inc provides solutions that enable its customers to design electronic products. The Company’s product categories include Functional Verification, Digital integrated circuits (IC) Design and Signoff, Custom IC Design and Verification, System Interconnect and Analysis, and intellectual property (IP).
Receive News & Ratings for Cadence Design Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cadence Design Systems and related companies with MarketBeat.com's FREE daily email newsletter.