Investment Potential for Cadence Design Systems, Inc. (CDNS): A Closer Look

    SIBONI ROGER S, Director, subtracted 8,500 shares of Cadence Design Systems, Inc. (CDNS) from its portfolio at the rate of $72.52 per share valuing $616,420 on Jun 20. The insider left behind 42,479 shares of the company to its portfolio. Before making a move on any particular stock, readers often pay close attention to support and resistance markers. The last reported price for shares of Cadence Design Systems, Inc. (CDNS) was $71.28. Currently, the 1st Resistance Point for this stock is $71.92, with a 2nd Resistance Point sitting at $72.55. Meanwhile, this company’s stock has a 1st Support Level at $70.61 and a 2nd Support Level at $69.94. Cadence Design Systems, Inc. (CDNS) stock has gained $3.73, or 5.52%, in the past five days. In the last full month, these shares have gained $7.29, or 11.39%. In the past three months, this stock’s price has risen by $9.52, or 15.41%. This year-to-date, Cadence Design Systems, Inc. (CDNS) shares have gained $27.80, or 63.94%.

    Analyzing price projection indicators is a helpful way to determine whether a potential stock buy is a wise choice for profits in the short term, medium term, and long term. For Cadence Design Systems, Inc. (CDNS) stock, 40% of short-term indicators suggest that these shares are a “ Buy .” Meanwhile, 100% of medium-term indicators point to this stock being a “ Buy .” Looking further ahead, 100% of long-term indicators suggest that this stock is a “ Buy .”

    With 281,030 K shares outstanding, this company currently has a market capitalization of $20,057,112K. Cadence Design Systems, Inc. (CDNS) generates $2,138 M in annual sales, amounting to annual net income of $345,780 K. This stock has generated a 1-Year Total Return of 62.48%, a 3-Year Total Return of 192.37%, and a 5-year Total Return of 305.92%. This stock’s 5-Year Dividend Growth is 0.00%. Its Annual Dividend Yield is 0.00%, and its Annual Dividend Rate is 0.00.

    In the most recently-reported fiscal quarter, which ended in Mar-19, Cadence Design Systems, Inc. (CDNS) reported earnings of $0.54 per share. Wall Street analysts, on average, were expecting the company to report earnings of $0.49 per share, representing a 0.05 difference and 9.85% surprise. In the previous quarter ending in Dec-18, the reported earnings of $0.52 represented a 0.05 difference from the consensus estimate calling for $0.47 per share, which was a 9.96% surprise.

    For the current fiscal quarter, which is set to end in 06/2019, the average earnings estimate is $0.36 per share. This estimate came from a total of 4 Wall Street Analysts. Of those market experts, the high estimate was $0.39 and the low estimate was $0.35. In the year-ago quarter, Cadence Design Systems, Inc. (CDNS) generated per-share earnings of $0.27. If the analysts are correct about the current quarter’s earnings, the growth will be +33.33%.

    Turning our focus now to insider trading activity, there have been 11 purchases (155,120 shares in total) and 25 sale (296,777 shares in total) in the last 3 months. In the last 6 months, there have been 52 insider buys amounting to 1,964,517 shares and 72 insider sales amounting to 891,489 shares. In the past full year, 67 insider purchases were made (involving 2,407,557 shares) and 116 insider sell-offs equivalent to 1,410,165 shares.

    Moving onto liquidity, Cadence Design Systems, Inc. (CDNS) has a Current Ratio of 1.34, a Quick Ratio of 1.30 and a Cash Ratio of 0.76. Looking at this company’s capital structure, its Total Debt to Total Equity is 34.56, its Total Debt to Total Capital is 25.68, and its Total Debt to Total Assets is now 18.04. Looking even further ahead into the future, its Long-Term Debt to Equity is 26.80 and its Long-Term Debt to Total Capital is 19.92.