Cadence Design Systems (CDNS) Reaches $41.78 After 3.00% Up Move; NeoPhotonics (NPTN) Covered By 6 Bullish Analysts Last Week

October 12, 2017 - By Richard Conner

The stock of Cadence Design Systems Inc (NASDAQ:CDNS) is a huge mover today! About 148,796 shares traded. Cadence Design Systems Inc (NASDAQ:CDNS) has risen 37.90% since October 12, 2016 and is uptrending. It has outperformed by 21.20% the S&P500.The move comes after 9 months positive chart setup for the $11.71 billion company. It was reported on Oct, 12 by Barchart.com. We have $43.03 PT which if reached, will make NASDAQ:CDNS worth $351.30 million more.

Among 9 analysts covering NeoPhotonics (NYSE:NPTN), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. NeoPhotonics had 25 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of NeoPhotonics Corp (NYSE:NPTN) earned “Outperform” rating by Raymond James on Monday, August 10. Piper Jaffray initiated the stock with “Overweight” rating in Tuesday, February 23 report. The firm earned “Buy” rating on Thursday, May 25 by Rosenblatt. The stock has “Outperform” rating by Raymond James on Friday, November 6. On Friday, September 15 the stock rating was maintained by Northland Capital with “Buy”. Northland Capital maintained NeoPhotonics Corp (NYSE:NPTN) on Monday, December 7 with “Outperform” rating. DA Davidson initiated NeoPhotonics Corp (NYSE:NPTN) rating on Friday, June 30. DA Davidson has “Neutral” rating and $9 target. The stock has “Outperform” rating by Raymond James on Thursday, August 24. The firm has “Mkt Perform” rating by Raymond James given on Thursday, October 5. The stock of NeoPhotonics Corp (NYSE:NPTN) earned “Outperform” rating by Raymond James on Monday, July 24. See NeoPhotonics Corp (NYSE:NPTN) latest ratings:

06/10/2017 Broker: Cowen & Co Rating: Buy New Target: $10.0 Maintain
06/10/2017 Broker: B. Riley & Co Rating: Hold New Target: $5.25
05/10/2017 Broker: Raymond James Old Rating: Outperform New Rating: Mkt Perform Downgrade
29/09/2017 Broker: Cowen & Co Rating: Buy New Target: $11.0 Maintain
15/09/2017 Broker: Northland Capital Rating: Buy New Target: $10.0 Maintain
24/08/2017 Broker: Raymond James Rating: Outperform Old Target: $8 New Target: $7 Maintain
04/08/2017 Broker: Piper Jaffray Rating: Buy New Target: $8.5000 Maintain
02/08/2017 Broker: Cowen & Co Rating: Buy New Target: $12.0000 Maintain
24/07/2017 Broker: Raymond James Old Rating: Strong Buy New Rating: Outperform Downgrade
12/06/2017 Broker: Needham Rating: Buy Maintain

Investors sentiment increased to 1 in Q2 2017. Its up 0.08, from 0.92 in 2017Q1. It increased, as 34 investors sold NeoPhotonics Corp shares while 23 reduced holdings. 21 funds opened positions while 36 raised stakes. 30.47 million shares or 3.29% more from 29.50 million shares in 2017Q1 were reported. Masters Ltd Company reported 2.01M shares. Rhumbline Advisers accumulated 38,504 shares or 0% of the stock. Aqr Cap Mgmt Limited Liability Company, Connecticut-based fund reported 281,893 shares. State Board Of Administration Of Florida Retirement invested in 0% or 13,063 shares. Bancshares Of Montreal Can has invested 0% in NeoPhotonics Corp (NYSE:NPTN). Citadel Advisors Ltd Llc owns 377,697 shares for 0% of their portfolio. 82,501 were reported by Susquehanna Int Limited Liability Partnership. Morgan Stanley owns 0% invested in NeoPhotonics Corp (NYSE:NPTN) for 119,127 shares. Mutual Of America Capital Lc holds 212,179 shares. Cornerstone Mngmt Ltd Liability Corp reported 42,900 shares stake. Qs Invsts Ltd Liability Co has invested 0.01% in NeoPhotonics Corp (NYSE:NPTN). Guggenheim Capital Ltd Liability Co reported 0.01% in NeoPhotonics Corp (NYSE:NPTN). Jpmorgan Chase invested in 1,685 shares or 0% of the stock. White Pine Capital Ltd Liability Co has invested 0.48% in NeoPhotonics Corp (NYSE:NPTN). Shell Asset Management holds 0.01% or 62,211 shares.

Since May 8, 2017, it had 0 insider purchases, and 6 sales for $7.70 million activity. RUSNANO had sold 39,000 shares worth $353,743. Another trade for 92,125 shares valued at $677,202 was sold by Jenks Timothy Storrs. $185,071 worth of NeoPhotonics Corp (NYSE:NPTN) was sold by Wupen Yuen.

About 435,730 shares traded. NeoPhotonics Corp (NYSE:NPTN) has declined 9.58% since October 12, 2016 and is downtrending. It has underperformed by 26.28% the S&P500.

NeoPhotonics Corporation develops, manufactures and markets optoelectronic products that transmit, receive and switch digital optical signals for communications networks. The company has market cap of $205.56 million. The Firm develops and makes Transmitter Products, Receiver Products and Switch Products that are used in ultra-high speed digital optical communications, high speed switching and provisioning, and access connections for wireless and fiber-to-the-home communications networks. It currently has negative earnings. The Company’s products are categorized into groups, including High Speed Products and Network Products and Solutions.

Cadence Design Systems, Inc. provides solutions that enable its clients to design electronic products. The company has market cap of $11.71 billion. The Company’s product categories include Functional Verification, Digital integrated circuits Design and Signoff, Custom IC Design and Verification, System Interconnect and Analysis, and intellectual property (IP). It has a 48.8 P/E ratio. Functional verification products are used to verify that the circuitry or the software designed will perform as intended.

Among 9 analysts covering Cadence Design Systems Inc (NASDAQ:CDNS), 5 have Buy rating, 1 Sell and 3 Hold. Therefore 56% are positive. Cadence Design Systems Inc had 22 analyst reports since July 29, 2015 according to SRatingsIntel. Topeka Capital Markets maintained the stock with “Buy” rating in Tuesday, October 27 report. The stock of Cadence Design Systems Inc (NASDAQ:CDNS) earned “Neutral” rating by Credit Suisse on Wednesday, October 19. The rating was downgraded by Needham on Tuesday, June 14 to “Hold”. The rating was maintained by Needham on Thursday, September 14 with “Hold”. The firm has “Buy” rating by Needham given on Tuesday, October 27. The firm has “Buy” rating by RBC Capital Markets given on Thursday, August 31. The rating was maintained by RBC Capital Markets on Tuesday, October 27 with “Outperform”. The firm earned “Underweight” rating on Monday, December 12 by JP Morgan. The stock of Cadence Design Systems Inc (NASDAQ:CDNS) earned “Outperform” rating by Northland Capital on Tuesday, October 27. RBC Capital Markets maintained the stock with “Buy” rating in Friday, May 26 report.

Analysts await Cadence Design Systems Inc (NASDAQ:CDNS) to report earnings on October, 26 after the close. They expect $0.24 earnings per share, up 4.35% or $0.01 from last year’s $0.23 per share. CDNS’s profit will be $67.27 million for 43.52 P/E if the $0.24 EPS becomes a reality. After $0.25 actual earnings per share reported by Cadence Design Systems Inc for the previous quarter, Wall Street now forecasts -4.00% negative EPS growth.

Investors sentiment decreased to 1.09 in Q2 2017. Its down 0.08, from 1.17 in 2017Q1. It dropped, as 40 investors sold Cadence Design Systems Inc shares while 112 reduced holdings. 52 funds opened positions while 114 raised stakes. 233.59 million shares or 0.91% less from 235.74 million shares in 2017Q1 were reported. Geode Capital Mngmt Limited Co invested 0.04% in Cadence Design Systems Inc (NASDAQ:CDNS). Chicago Equity Partners Limited Company holds 0.03% or 27,900 shares. Tiaa Cref Inv Management Limited Liability Corp, a New York-based fund reported 860,704 shares. Herald Inv Ltd holds 0.29% or 25,000 shares in its portfolio. Omers Administration Corporation reported 64,800 shares or 0.03% of all its holdings. Paloma Ptnrs Mgmt invested in 0.01% or 20,171 shares. First Citizens State Bank And Trust Comm owns 15,574 shares for 0.07% of their portfolio. Eagle Asset holds 0.01% of its portfolio in Cadence Design Systems Inc (NASDAQ:CDNS) for 68,799 shares. Asset Management One Communication Limited holds 452,432 shares. Dnb Asset As stated it has 0% in Cadence Design Systems Inc (NASDAQ:CDNS). Moreover, Profund Advsrs Limited Liability has 0.05% invested in Cadence Design Systems Inc (NASDAQ:CDNS) for 32,683 shares. Jpmorgan Chase accumulated 1.57 million shares or 0.01% of the stock. Hbk Investments Ltd Partnership invested in 35,200 shares or 0.01% of the stock. Commonwealth National Bank & Trust Of Aus invested in 4,852 shares or 0% of the stock. Quantitative Investment Lc accumulated 44,000 shares.

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