Griffin Securities Comments on Cadence Design Systems' Q2 2018 Earnings (CDNS)

Joanna Estrada
May 7, 2018

Over the last 90 days, insiders have sold 42,584 shares of company stock valued at $1,639,670. It has a 55.89 P/E ratio.

Taking a look at the current stock price for PG&E Corporation (NYSE:PCG), we could notice that the shares are trading close to the $46.27 level. The institutional investor owned 16,100 shares of the software maker's stock after acquiring an additional 1,500 shares during the quarter. As of 2017 Q4, 97,935 shares of Cadence Design Systems Inc are owned by Alphamark Advisors Llc. CDNS outperformed by 3.35% the S&P 500. Finally, Commonwealth Equity Services Inc purchased a new stake in Cadence Design Systems in the 3rd quarter valued at about $222,000. As per Sunday, November 26, the company rating was maintained by KeyBanc Capital Markets. (NASDAQ:CDNS) has risen 14.90% since May 3, 2017 and is uptrending. The stock has a market cap of $11,267.78, a price-to-earnings ratio of 37.97, a P/E/G ratio of 3.49 and a beta of 1.13. The stock increased 0.03% or $0.01 during the last trading session, reaching $39.98. At a certain point in the past four quarters, the shares traded as low as $79.63 but made a 35.24% recovery since then. Class A (NYSE:VNTV) or 18,676 shares. It has underperformed by 5.83% the S&P500. Therefore 60% are positive. Repros Therapeutics had 5 analyst reports since August 20, 2015 according to SRatingsIntel. Northland Capital maintained the shares of CDNS in report on Tuesday, October 27 with "Outperform" rating. On Thursday, April 5 the stock rating was upgraded by DA Davidson to "Buy". The company was upgraded on Tuesday, October 4 by CL King. So far this year, the stock had gone down by -3.75%. The rating was maintained by RBC Capital Markets on Thursday, February 1 with "Buy". The rating was downgraded by Longbow to "Neutral" on Friday, October 9. Natural Alternatives Intl In (NASDAQ:NAII) was reduced too. Griffin Securities also issued estimates for Cadence Design Systems' Q3 2019 earnings at $0.26 EPS, Q4 2019 earnings at $0.31 EPS, FY2019 earnings at $1.05 EPS and FY2020 earnings at $1.27 EPS. At the moment, the company has a debt-to-equity ratio of 0.60, a current ratio of 1.20, and a quick ratio of 1.20. (NASDAQ:CDNS) moving up $0.55 from the opening price. Linscomb And Williams has 0.23% invested in Williams-Sonoma, Inc. The investment managers in our database reported: 235.53 million shares, up from 234.20 million shares in 2017Q3. Following the completion of the transaction, the chief financial officer now owns 127,972 shares in the company, valued at approximately $5,022,901. 300 were accumulated by Winslow Evans And Crocker.

Dnb Asset Management As decreased Cadence Design Systems Inc (CDNS) stake by 6.71% reported in 2017Q4 SEC filing. APG Asset Management N.V. raised its holdings in Cadence Design Systems by 41.9% in the fourth quarter. Amp Capital Investors has invested 0% in Williams-Sonoma, Inc. (NASDAQ:QSII). Laurion Mngmt LP reported 0% stake. This is represented as the equation (P/EPS), where P is the market price and EPS is the earnings per share. (NASDAQ:CDNS). Ls Inv Llc reported 14,781 shs or 0.04% of all its holdings. (NASDAQ:CDNS) for 135,400 shs.

Since January 1, 0001, it had 0 insider buys, and 10 insider sales for $13.15 million activity. (NASDAQ:CDNS) shares with value of $4.35 million were sold by TAN LIP BU. Also, CFO John M. Wall sold 750 shares of the business's stock in a transaction on Monday, February 12th.

Among 3 analysts covering Repros Therapeutics (NASDAQ:RPRX), 1 have Buy rating, 1 Sell and 1 Hold. $32,963 worth of Cadence Design Systems, Inc. The firm has "Hold" rating given on Thursday, October 8 by Benchmark. The rating was initiated by WallachBeth Capital on Friday, August 7 with "Buy". (NASDAQ:CDNS) has "Buy" rating given by DA Davidson. The stock has "Hold" rating by Needham on Tuesday, June 14. IFM Investors Pty Ltd acquired a new position in shares of Cadence Design Systems during the 4th quarter worth $230,000. Shortening the period, the five-month price index is 0.91, the three-month price index is 0.97, while the one-month price change is now 1.1. In total 18 funds closed positions, 111 reduced and 133 increased. Ajo LP accumulated 4.04M shares.

Cadence Design Systems, Inc. has posted trailing 12 months earnings of $0.40 per share. (NASDAQ:CDNS). Alliancebernstein Ltd Partnership, a New York-based fund reported 478,892 shares. The insider Heimbouch Mark L sold 47,853 shares worth $3.96 million. (NASDAQ:CDNS). Moreover, Ameritas Partners has 0.02% invested in Cadence Design Systems, Inc. Allianz Asset Management GmbH now owns 1,777,989 shares of the software maker's stock worth $74,355,000 after purchasing an additional 629,112 shares during the period. Millennium Mngmt Ltd holds 0.06% or 1.11M shs in its capital. Eaton Vance Management holds 518,734 shares or 0.05% of its portfolio. Orrstown Financial Svcs Inc holds 0.01% of its portfolio in Cadence Design Systems, Inc. The institutional investor held 1.65M shares of the natural gas distribution company at the end of 2017Q4, valued at $64.88 million, up from 1.48M at the end of the previous reported quarter. D E Shaw & Incorporated reported 386,323 shares.

Cadence Design Systems, Inc. provides electronic design automation software, emulation and prototyping hardware, system interconnect, and analysis worldwide.

Motorola Solutions, Inc. analysts gave 7 buy-equivalent recommendations, 0 sells and 4 holds.

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