Cadence Design Systems Inc (CDNS): Chi-ping Hsu , Sr. Vice President of Cadence Design Systems Inc sold 19,375 shares on May 24, 2016. The Insider selling transaction was reported by the company on May 26, 2016 to the Securities and Exchange Commission. The shares were sold at $25.22 per share for a total value of $488,637.50 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 26, 2016, James J Cowie (Sr. VP, General Counsel) sold 59,509 shares at $25.16 per share price.On May 24, 2016, John B Shoven (director) sold 50,000 shares at $24.65 per share price.Also, On May 24, 2016, Aneel Zaman (Sr. Vice President) sold 28,807 shares at $24.46 per share price.On May 24, 2016, Vincentelli Albert Sangiovanni (director) sold 25,000 shares at $24.50 per share price.
Shares of Cadence Design Systems Inc (CDNS) ended Wednesday, May 25, 2016 session in red amid volatile trading. The shares closed down -0.27 points or -1.07% at $24.94 with 43,25,017 shares getting traded. Post opening the session at $25.27, the shares hit an intraday low of $24.83 and an intraday high of $25.49 and the price vacillated in this range throughout the day. The company has a market cap of $7,503 M and the number of outstanding shares has been calculated to be 30,08,62,000 shares. The 52-week high of Cadence Design Systems Inc is $25.25 and the 52-week low is $18.133.
Company has been under the radar of several Street Analysts.Cadence Design Systems Inc is Reiterated by Topeka Capital Markets to Buy and the brokerage firm has raised the Price Target to $ 27 from a previous price target of $25 .The Rating was issued on Apr 26, 2016.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. (Cadence) develops system design enablement (SDE) solutions that are used to design whole electronics systems and integrated circuits (ICs) and electronic devices. The Companys 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 companys 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.