Catawba Capital Management Va adds Cadence Design Systems Inc (CDNS) to its portfolio

Cadence Design Systems Inc (CDNS) : Catawba Capital Management Va added new position in Cadence Design Systems Inc during the most recent quarter end. The investment management firm now holds 8,580 shares of Cadence Design Systems Inc which is valued at $219,047 , the company said in a statement filed on Oct 7, 2016 with the SEC.Cadence Design Systems Inc makes up approximately 0.05% of Catawba Capital Management Va’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa reduced its stake in CDNS by selling 99,637 shares or 78.7% in the most recent quarter. The Hedge Fund company now holds 26,970 shares of CDNS which is valued at $686,926.Independent Portfolio Consultants boosted its stake in CDNS in the latest quarter, The investment management firm added 1,055 additional shares and now holds a total of 3,185 shares of Cadence Design Systems Inc which is valued at $81,122. Cadence Design Systems Inc makes up approx 0.03% of Independent Portfolio Consultants’s portfolio. Washington Trust Bank added CDNS to its portfolio by purchasing 29 company shares during the most recent quarter which is valued at $739.

Cadence Design Systems Inc opened for trading at $25.5 and hit $25.6 on the upside on Friday, eventually ending the session at $25.53, with a gain of 0.16% or 0.04 points. The heightened volatility saw the trading volume jump to 15,18,905 shares. Company has a market cap of $7,463 M.

On the company’s financial health, Cadence Design Systems Inc reported $0.29 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 25, 2016. Analyst had a consensus of $0.28. The company had revenue of $453.02 million for the quarter, compared to analysts expectations of $449.51 million. The company’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS.

Cadence Design Systems Inc. (Cadence) develops system design enablement (SDE) solutions that are used to design whole electronics systems and integrated circuits (ICs) and electronic devices. The Company’s SDE product offerings include electronic design automation (EDA) software emulation and prototyping hardware and two categories of intellectual property (IP) verification IP (VIP) and design IP. The Company provides maintenance for its software emulation hardware and IP product offerings. It also provides engineering services related to methodology education hosted design solutions and design services for ICs and development of custom IP. The company’s customers include electronics systems and semiconductor companies Internet service providers and other technology companies that deliver a range of electronics products in market segments such as mobile and consumer devices communications cloud and data center infrastructure medical systems and other devices.

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