The Numbers Are Pointing to Growth for Shares of Cadence Design Systems, Inc.

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Cadence Design Systems, Inc. kicked off the trading day on 08/22/19 with a price increase of 0.17%, equivalent to $0.12 relative change for the day. Taking a more long-term approach, CDNS had a 52-week range of $39.08 to $77.08. At the time of this article’s publishing, this stock is trading at $69.81 after starting the trading session at $70.18. Moving on, the stock has demonstrated a 52-week change amounting to 64.09, alongside an S&P500 52-Week Change of 53.88. At the time of writing, this stock’s 50-day Moving Average stands at $71.94, while the 200-day Moving Average of this stock is currently $59.33.

Currently, this company’s share volume is sitting at $1,912,822, but has maintained average daily volume of $2.17M. This stock has generated an average Year to Date volume of $2.08 million, alongside an average 20-day volume of $1.77 million. This publicly-traded company’s shares outstanding now amounts to $275.38 million, simultaneously with a float of $275.38 million. The organization now has a market capitalization sitting at $19.22 billion.

Cadence Design Systems, Inc.(CDNS) Ownership Data

Now let’s turn our focus to how large-scale investors are behaving with this stock. Cadence Design Systems, Inc.’s current insider ownership accounts for 1.10%, in contrast to 90.60% institutional ownership. According to the most recent latest insider trade that took place on Aug 22 this organization’s Sr. Vice President sold 3,361 at the rate of 70.18, making the entire transaction hit 235,875 in total value, affecting insider ownership by 232,340. Preceding that transaction, on Aug 20 Company’s Sr. VP, General Counsel exercised an option 20,000 at a price of 17.16, making the whole transaction’s value amount to 343,200. This particular insider is now the holder of 129,503 in total.

If we take a glance at the Ownership summary of Cadence Design Systems, Inc.’s stock, 599 Institutional holders make up 87.88% of its total stock ownership. All together, they are the legal holders of 246,187,492 shares, which are valued at about $16,935,237,575 in total. If we focus on the top 3 stockholders for this publicly-traded organization, VANGUARD GROUP INC owns 32.76 million shares, with MASSACHUSETTS FINANCIAL SERVICES CO /MA/ in 2nd place owning 23.34 million shares and BLACKROCK INC. in third place with total ownership of 22.81 million shares.

Cadence Design Systems, Inc. (CDNS) Earnings and Revenue Data

In the latest quarterly report that this company released, which was put into the public domain on Jun-19, the organization reported $0.57 earnings per share (EPS) for the three-month period, surpassing the consensus estimate (set at $0.53) by $0.04.

The corporation racked up revenue of $576.74million for the previous financial quarter, compared to the mean analyst estimate of $569.24 million. This company achieved a net margin of 18.83 while generating a return on equity of 32.58. Cadence Design Systems, Inc.’s full-quarter revenue increased by 11.97%, when compared against the year-ago quarter. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.51 per share during the current fiscal year.

Cadence Design Systems, Inc.’s EPS increase for this current 12-month fiscal period is 219.60%, and is forecasted to reach 6.73% in the upcoming year. Looking at the long run, market analysts have predicted that Company’s EPS will increase by 12.00% through the next 5 years, which can be compared against the 17.00% growth it accomplished over the previous five years trading on the market.

Additional Trading Performance Indicators

Now turning our attention to the current performance indicators for Cadence Design Systems, Inc., this organization’s Quick Ratio in the last reported quarter now stands at 1.50. The company has managed to achieve an average true range (ATR) of 1.95. Alongside those, its PE Ratio stands at $46.42, and its Beta score is 1.19.

Another valuable indicator worth considering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 8.51 for this organization. Similarly, its price to free cash flow for trailing twelve months is now 31.38.

In the same vein, CDNS’s Diluted EPS (Earnings per Share) trailing twelve months was posted at 1.50, a figure that is expected to reach 0.51 in the next reported quarter, and analysts expect it will be 6.73% at the market close of one year from today’s date.