Cadence Design Systems Inc (CDNS): Lip Bu Tan , President & CEO of Cadence Design Systems Inc sold 150,000 shares on Jun 15, 2016. The Insider selling transaction was reported by the company on Jun 17, 2016 to the Securities and Exchange Commission. The shares were sold at $24.39 per share for a total value of $3,658,545.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 9, 2016, Chi-ping Hsu (Sr. Vice President) sold 20,312 shares at $25.16 per share price.On Jun 7, 2016, James J Cowie (Sr. VP, General Counsel) sold 2,391 shares at $24.77 per share price.Also, On Jun 3, 2016, Geoffrey G Ribar (Sr. VP, CFO) sold 100,000 shares at $24.71 per share price.On May 24, 2016, John B Shoven (director) sold 50,000 shares at $24.65 per share price.
Shares of Cadence Design Systems Inc (CDNS) ended Wednesday, Jun 15, 2016 session in red amid volatile trading. The shares closed down -0.04 points or -0.16% at $24.35 with 18,63,543 shares getting traded. Post opening the session at $24.49, the shares hit an intraday low of $24.3 and an intraday high of $24.5 and the price vacillated in this range throughout the day. The company has a market cap of $7,326 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 $25.49 and the 52-week low is $18.133.
Company has been under the radar of several Street Analysts.Cadence Design Systems Inc is Downgraded by Needham to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Jun 14, 2016.Cadence Design Systems Inc is Initiated by RBC Capital Mkts to Outperform and the brokerage firm has set the Price Target at $29. The Rating was issued on Jun 6, 2016.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.