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:

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.

Cadence Design Systems (NASDAQ:CDNS) last announced its earnings results on Thursday, October 26th. The software maker reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. Cadence Design Systems had a return on equity of 29.00% and a net margin of 13.45%. The firm had revenue of $485.40 million for the quarter, compared to analyst estimates of $481.10 million. During the same quarter last year, the firm posted $0.30 EPS. The business’s revenue was up 8.8% on a year-over-year basis. analysts forecast that Cadence Design Systems will post 1.06 earnings per share for the current year.

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.

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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).

Insider Buying and Selling by Quarter for Cadence Design Systems (NASDAQ:CDNS)

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