Analysts have clear opinions on CDNS.
There are 5 analysts on the Wall offering 12 month price targets for Cadence Design in the last 3 months. The average price target is $77.75 with a high forecast of $80.00 and a low forecast of $75.00. The average price target represents a 8.08% increase from the last price of $71.94.
Cadence Design Systems, Inc. (CDNS) is followed by 5 analysts on the street.
Vivek Arya from Merrill Lynch rates it a Hold with a target of $80.00.
Similarly, Last month Gary Mobley of Wells Fargo Reiterated a Buy with a target of —.
The consensus on the street is Moderate Buy.
What does Cadence Design Systems, Inc.(CDNS) do ?
Cadence Design Systems, Inc. engages in the design and development of integrated circuits and electronic devices. Its products include electronic design automation, software, emulation hardware, and intellectual property, commonly referred to as verification IP, and design IP. The company was founded by Alberto Sangiovanni-Vincentelli, Gudmundur A. Hjartarson, K. Bobby Chao, and K. Charles Janac in June 1988 and is headquartered in San Jose, CA.
Cadence Design Systems, Inc. (CDNS) Insider Trades
Multiple company employees have indulged in significant insider trading. Cadence Design Systems, Inc. disclosed the following in a document filed with the US Securities and Exchange Commission (SEC):
Dir, Shoven John B : S – Sale+OE(-$3,659,500) of CDNS in the trading session of 2020-01-09.
SVP, GC Cowie James J : S – Sale+OE(-$1,085,250) of CDNS in the trading session of 2020-01-08.
SVP Zaman Aneel : S – Sale+OE(-$3,100,974) of Cadence Design Systems, Inc. in the trading session of 2019-12-23.
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