Large Inflow of Money Witnessed in Cadence Design Systems

Cadence Design Systems (NASDAQ:CDNS) dropped -0.04% or -0.01 points to trade at $24.47 per share. As per the latest trading data available, the net money flow stood at $1.36 million as the shares received $2.92 million in upticks and gave away $1.56 million in downticks. The final up/down ratio was at 1.88. On a weekly basis, the stock has seen a change of 0.87%.During the course of the session, the shares witnessed a block trade with an up/down ratio of 7.94. $1.97 million was the inflow in upticks and $0.25 million was the outflow in downticks. For the block trade, the net money flow was $1.72 million.


The stock has recorded a 20-day Moving Average of 1.06% and the 50-Day Moving Average is 1.81%. The company shares have rallied 22.09% in the past 52 Weeks. On May 25, 2016 The shares registered one year high of $25.49 and one year low was seen on August 24, 2015 at $18.13. The 50-day moving average is $24.24 and the 200 day moving average is recorded at $22.23. S&P 500 has rallied 1.93% during the last 52-weeks.

Cadence Design Systems (NASDAQ:CDNS): The stock opened at $24.49 on Tuesday but the bulls could not build on the opening and the stock topped out at $24.67 for the day. The stock traded down to $24.40 during the day, due to lack of any buying support eventually closed down at $24.44 with a loss of -0.16% for the day. The stock had closed at $24.48 on the previous day. The total traded volume was 2,186,946 shares.

Currently the company Insiders own 2.7% of Cadence Design Systems shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -7.77% . Institutional Investors own 88.53% of Cadence Design Systems shares. During last six month period, the net percent change held by insiders has seen a change of -7.77%. On the companys insider trading activities, The director officer (President & CEO), of Cadence Design Systems Inc, Tan Lip Bu had unloaded 150,000 shares at $24.39 per share in a transaction on June 15, 2016. The total value of transaction was $3,658,500. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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.

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