Cadence Design Systems Inc (CDNS) Files Form 4 Insider Selling : Lip Bu Tan Sells 150,000 Shares

Cadence Design Systems Inc (CDNS): Lip Bu Tan , President & CEO of Cadence Design Systems Inc sold 150,000 shares on Apr 15, 2016. The Insider selling transaction was reported by the company on Apr 19, 2016 to the Securities and Exchange Commission. The shares were sold at $23.40 per share for a total value of $3,510,300.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 6, 2016, James J Cowie (Sr. VP, General Counsel) sold 3,121 shares at $23.60 per share price.On Mar 22, 2016, Thomas P Beckley (Sr. Vice President) sold 71,666 shares at $23.20 per share price.Also, On Mar 17, 2016, Lip Bu Tan (President & CEO) sold 175,000 shares at $22.58 per share price.On Jan 6, 2016, Roger S Siboni (director) sold 13,571 shares at $20.42 per share price.

Cadence Design Systems Inc: On Monday, Apr 18, 2016 heightened volatility was witnessed in Cadence Design Systems Inc which led to swings in the share price. The shares opened for trading at $23.39 and hit $23.69 on the upside , eventually ending the session at $23.63, with a gain of 0.72% or 0.17 points. The heightened volatility saw the trading volume jump to 17,17,550 shares. The 52-week high of the share price is $23.75 and the company has a market cap of $7,216 M . The 52-week low of the share price is at $17.765.

Cadence Design Systems Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Cadence Design Systems Inc is Downgraded by DA Davidson to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 6, 2016.Cadence Design Systems Inc is Upgraded by DA Davidson to Buy and the brokerage firm has raised the Price Target to $ 25 from a previous price target of $22 .Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Feb 4, 2016.

Currently the company Insiders own 3.3% of Cadence Design Systems Inc shares according to the proxy statements.Institutional Investors own 89.85% of Cadence Design Systems Inc shares.

Cadence Design Systems Inc. (Cadence) develops system design enablement (SDE) solutions that are used to design whole electronics systems and integrated circuits (ICs) and electronic devices. The Company’s SDE product offerings include electronic design automation (EDA) software emulation and prototyping hardware and two categories of intellectual property (IP) verification IP (VIP) and design IP. The Company provides maintenance for its software emulation hardware and IP product offerings. It also provides engineering services related to methodology education hosted design solutions and design services for ICs and development of custom IP. The company’s customers include electronics systems and semiconductor companies Internet service providers and other technology companies that deliver a range of electronics products in market segments such as mobile and consumer devices communications cloud and data center infrastructure medical systems and other devices.

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