Breaking News

Over a week ago
Show Full Stories

X

To view all stories in expanded form, please subscribe.
Send Info
Hot Stocks
Cadence teams with TSMC, Microsoft to reduce chip design signoff schedules » 15:14
06/15/20
06/15
15:14
06/15/20
15:14
CDNS

Cadence Design

$90.57 /

+1.06 (+1.18%)

, TSM

TSMC

$55.97 /

-0.06 (-0.11%)

, MSFT

Microsoft

$190.15 /

+2.43 (+1.29%)

Cadence Design Systems…

Cadence Design Systems (CDNS) announced the results of a three-way collaboration with TSMC (TSM) and Microsoft (MSFT) focused on utilizing cloud infrastructure to reduce semiconductor design signoff schedules. "Through this collaboration, common customers will have an accelerated path to complete timing signoff by adopting the Cadence Tempus Timing Signoff Solution and the Quantus Extraction Solution using TSMC technologies on the Microsoft Azure Cloud with the Cadence CloudBurst Platform. By moving to the cloud, users from all vertical markets can achieve a significant productivity improvement without the constraints of on-premise hardware.Semiconductor designers are meeting or exceeding their power and performance requirements using advanced process technology. However, the increasingly complex advanced-node signoff requirements make it challenging to meet tight product schedules," said Suk Lee, senior director of the Design Infrastructure Management Division at TSMC. "Working with Microsoft and Cadence, our cloud alliance has harnessed the scalability of the cloud with Cadence timing signoff solutions to ensure that our common customers can beat their performance goals and accelerate time to market for their silicon innovations."

ShowHide Related Items >><<
TSM TSMC
$55.97 /

-0.06 (-0.11%)

MSFT Microsoft
$190.15 /

+2.43 (+1.29%)

CDNS Cadence Design
$90.57 /

+1.06 (+1.18%)

CDNS Cadence Design
$90.57 /

+1.06 (+1.18%)

06/15/20 RBC Capital
Cadence Design price target raised to $101 from $85 at RBC Capital
05/28/20 Wells Fargo
Cadence Design price target raised to $100 from $87 at Wells Fargo
05/27/20 UBS
Cadence Design initiated with a Neutral at UBS
05/27/20 UBS
Synopsys initiated with a Buy at UBS
TSM TSMC
$55.97 /

-0.06 (-0.11%)

04/28/20
Fly Intel: Top five analyst initiations
04/28/20 Wedbush
Wedbush bullish on TSMC, initiates with an Outperform
04/27/20 Wedbush
TSMC initiated with an Outperform at Wedbush
04/17/20 Susquehanna
TSMC downgraded to Negative from Positive at Susquehanna
MSFT Microsoft
$190.15 /

+2.43 (+1.29%)

06/10/20 RBC Capital
Varonis price target raised to $96 from $81 at RBC Capital
06/09/20 DA Davidson
DA Davidson says Cloudera sale 'increasingly likely,' IBM seen as possible buyer
06/05/20 DA Davidson
MongoDB price target raised to $215 from $105 at DA Davidson
06/05/20 Cowen
Slack Technologies weakness a buying opportunity, says Cowen
TSM TSMC
$55.97 /

-0.06 (-0.11%)

MSFT Microsoft
$190.15 /

+2.43 (+1.29%)

CDNS Cadence Design
$90.57 /

+1.06 (+1.18%)

TSM TSMC
$55.97 /

-0.06 (-0.11%)

MSFT Microsoft
$190.15 /

+2.43 (+1.29%)

TSM TSMC
$55.97 /

-0.06 (-0.11%)

MSFT Microsoft
$190.15 /

+2.43 (+1.29%)

CDNS Cadence Design
$90.57 /

+1.06 (+1.18%)

TSM TSMC
$55.97 /

-0.06 (-0.11%)

MSFT Microsoft
$190.15 /

+2.43 (+1.29%)

MSFT Microsoft
$190.15 /

+2.43 (+1.29%)

Recommendations
Cadence Design price target raised to $101 from $85 at RBC Capital » 06:52
06/15/20
06/15
06:52
06/15/20
06:52
CDNS

Cadence Design

$89.51 /

+1.15 (+1.30%)

RBC Capital analyst Mitch…

RBC Capital analyst Mitch Steves raised the firm's price target on Cadence Design to $101 from $85 and keeps an Outperform rating on the shares. The analyst thinks the EDA sector will continue to benefit from the ongoing acceleration of technology and that Systems players will continue to invest in new chip technology while the semiconductor industry simultaneously pushes to higher complexity chips, leading to higher ASPs, higher incremental margins, and a decreased OPEX base as more services are completed remotely and T&E expenses decline.

ShowHide Related Items >><<
CDNS Cadence Design
$89.51 /

+1.15 (+1.30%)

CDNS Cadence Design
$89.51 /

+1.15 (+1.30%)

05/28/20 Wells Fargo
Cadence Design price target raised to $100 from $87 at Wells Fargo
05/27/20 UBS
Cadence Design initiated with a Neutral at UBS
05/27/20 UBS
Synopsys initiated with a Buy at UBS
04/22/20 BofA
Cadence Design upgraded to Buy on dependability at BofA
CDNS Cadence Design
$89.51 /

+1.15 (+1.30%)

CDNS Cadence Design
$89.51 /

+1.15 (+1.30%)

Over a month ago
Recommendations
Cadence Design price target raised to $100 from $87 at Wells Fargo » 08:41
05/28/20
05/28
08:41
05/28/20
08:41
CDNS

Cadence Design

$85.18 /

+0.175 (+0.21%)

Wells Fargo analyst Gary…

Wells Fargo analyst Gary Mobley raised the firm's price target on Cadence Design to $100 from $87 and keeps an Overweight rating on the shares. The analyst continues to highlight Cadence as one of his top long-term investment ideas as he sees the company well positioned in a growing "intelligent systems design enablement" market characterized by a duopoly market structure.

ShowHide Related Items >><<
CDNS Cadence Design
$85.18 /

+0.175 (+0.21%)

CDNS Cadence Design
$85.18 /

+0.175 (+0.21%)

05/27/20 UBS
Cadence Design initiated with a Neutral at UBS
05/27/20 UBS
Synopsys initiated with a Buy at UBS
04/22/20 BofA
Cadence Design upgraded to Buy on dependability at BofA
04/22/20 BofA
Cadence Design upgraded to Buy from Neutral at BofA
CDNS Cadence Design
$85.18 /

+0.175 (+0.21%)

CDNS Cadence Design
$85.18 /

+0.175 (+0.21%)

Initiation
Cadence Design initiated with a Neutral at UBS » 06:23
05/27/20
05/27
06:23
05/27/20
06:23
CDNS

Cadence Design

$85.01 /

-1.015 (-1.18%)

UBS analyst Pradeep…

UBS analyst Pradeep Ramani initiated coverage of Cadence Design with a Neutral rating and $91 price target. The analyst is positive on the company's position of delivering "mission-critical" chip-design software to semis with "strong secular underpinnings" in the high-growth areas of Cloud Computing, AI, and 5G amid the clearly deepening chipmaker reliance on software. Ramani notes however that Cadence Design's efforts to extend its platform into adjacent growth markets will demand a gradual 2-3 year investment before having a positive margin impact over the longer term.

ShowHide Related Items >><<
CDNS Cadence Design
$85.01 /

-1.015 (-1.18%)

CDNS Cadence Design
$85.01 /

-1.015 (-1.18%)

05/27/20 UBS
Synopsys initiated with a Buy at UBS
04/22/20 BofA
Cadence Design upgraded to Buy on dependability at BofA
04/22/20 BofA
Cadence Design upgraded to Buy from Neutral at BofA
04/21/20 Baird
Cadence Design price target raised to $91 from $72 at Baird
CDNS Cadence Design
$85.01 /

-1.015 (-1.18%)

CDNS Cadence Design
$85.01 /

-1.015 (-1.18%)

Initiation
Synopsys initiated with a Buy at UBS » 06:17
05/27/20
05/27
06:17
05/27/20
06:17
SNPS

Synopsys

$168.51 /

-2.72 (-1.59%)

, CDNS

Cadence Design

$85.01 /

-1.015 (-1.18%)

UBS analyst Pradeep…

UBS analyst Pradeep Ramani initiated coverage of Synopsys (SNPS) with a Buy rating and $209 price target. The analyst cites the company's unique position of delivering "mission-critical" chip-design software to semis vertical with "strong secular underpinnings" in the high-growth areas of Cloud Computing, AI, and 5G. Ramani sees Synopsys as an "entrenched market leader" and well positioned to deliver given the breadth of its software platform and its IP portfolio, even as the stock trades at a 20% discount to peer Cadence Design (CDNS) on enterprise value to sales multiple basis.

ShowHide Related Items >><<
SNPS Synopsys
$168.51 /

-2.72 (-1.59%)

CDNS Cadence Design
$85.01 /

-1.015 (-1.18%)

SNPS Synopsys
$168.51 /

-2.72 (-1.59%)

05/21/20 Baird
Synopsys price target raised to $193 from $182 at Baird
05/21/20 JPMorgan
Synopsys price target raised to $180 from $160 at JPMorgan
05/21/20 Wells Fargo
Synopsys price target raised to $185 from $180 at Wells Fargo
05/21/20 Benchmark
Synopsys price target raised to $190 from $150 at Benchmark
CDNS Cadence Design
$85.01 /

-1.015 (-1.18%)

04/22/20 BofA
Cadence Design upgraded to Buy on dependability at BofA
04/22/20 BofA
Cadence Design upgraded to Buy from Neutral at BofA
04/21/20 Baird
Cadence Design price target raised to $91 from $72 at Baird
02/18/20 Baird
Cadence Design initiated with an Outperform at Baird
SNPS Synopsys
$168.51 /

-2.72 (-1.59%)

CDNS Cadence Design
$85.01 /

-1.015 (-1.18%)

CDNS Cadence Design
$85.01 /

-1.015 (-1.18%)

Conference/Events
Cadence Design participates in a conference call with Benchmark » 10:55
05/19/20
05/19
10:55
05/19/20
10:55
CDNS

Cadence Design

$86.49 /

+3.03 (+3.63%)

Semiconductor Analyst Roy…

Semiconductor Analyst Roy holds a conference call with Senior Vice President Modi on May 19 at 12 pm hosted by Benchmark.

ShowHide Related Items >><<
CDNS Cadence Design
$86.49 /

+3.03 (+3.63%)

CDNS Cadence Design
$86.49 /

+3.03 (+3.63%)

04/22/20 BofA
Cadence Design upgraded to Buy on dependability at BofA
04/22/20 BofA
Cadence Design upgraded to Buy from Neutral at BofA
04/21/20 Baird
Cadence Design price target raised to $91 from $72 at Baird
02/18/20 Baird
Cadence Design initiated with an Outperform at Baird
CDNS Cadence Design
$86.49 /

+3.03 (+3.63%)

CDNS Cadence Design
$86.49 /

+3.03 (+3.63%)

Conference/Events
Cadence Design participates in a conference call with Benchmark » 04:55
05/19/20
05/19
04:55
05/19/20
04:55
CDNS

Cadence Design

$83.46 /

+1.35 (+1.64%)

Semiconductor Analyst Roy…

Semiconductor Analyst Roy holds a conference call with Senior Vice President Modi on May 19 at 12 pm hosted by Benchmark.

ShowHide Related Items >><<
CDNS Cadence Design
$83.46 /

+1.35 (+1.64%)

CDNS Cadence Design
$83.46 /

+1.35 (+1.64%)

04/22/20 BofA
Cadence Design upgraded to Buy on dependability at BofA
04/22/20 BofA
Cadence Design upgraded to Buy from Neutral at BofA
04/21/20 Baird
Cadence Design price target raised to $91 from $72 at Baird
02/18/20 Baird
Cadence Design initiated with an Outperform at Baird
CDNS Cadence Design
$83.46 /

+1.35 (+1.64%)

CDNS Cadence Design
$83.46 /

+1.35 (+1.64%)

Conference/Events
Cadence Design participates in a conference call with Benchmark » 12:50
05/12/20
05/12
12:50
05/12/20
12:50
CDNS

Cadence Design

$83.28 /

+0.25 (+0.30%)

Semiconductor Analyst Roy…

Semiconductor Analyst Roy holds a conference call with Senior Vice President Modi on May 19 at 12 pm hosted by Benchmark.

ShowHide Related Items >><<
CDNS Cadence Design
$83.28 /

+0.25 (+0.30%)

CDNS Cadence Design
$83.28 /

+0.25 (+0.30%)

04/22/20 BofA
Cadence Design upgraded to Buy on dependability at BofA
04/22/20 BofA
Cadence Design upgraded to Buy from Neutral at BofA
04/21/20 Baird
Cadence Design price target raised to $91 from $72 at Baird
02/18/20 Baird
Cadence Design initiated with an Outperform at Baird
CDNS Cadence Design
$83.28 /

+0.25 (+0.30%)

CDNS Cadence Design
$83.28 /

+0.25 (+0.30%)

Upgrade
Cadence Design upgraded to Buy on dependability at BofA » 06:45
04/22/20
04/22
06:45
04/22/20
06:45
CDNS

Cadence Design

$74.80 /

-3.06 (-3.93%)

, SNPS

Synopsys

$145.14 /

-5.93 (-3.93%)

BofA analyst Adam…

BofA analyst Adam Gonzalez upgraded Cadence Design (CDNS) to Buy from Neutral. The company's solid Q1 results and 2020 outlook "contrasts sharply" with a semis industry that could decline this year, said Gonzalez, who thinks Electronic Design Automation toolmakers are critical in preserving the pace of innovation in semis and are likely to hold up well in the current environment. EDA's recurring sales and high correlation to R&D cycles provides attractive defensiveness during downturns, said the analyst, who added that he views Cadence's results as positive for Synopsys (SNPS).

ShowHide Related Items >><<
CDNS Cadence Design
$74.80 /

-3.06 (-3.93%)

04/22/20 BofA
Cadence Design upgraded to Buy from Neutral at BofA
04/21/20 Baird
Cadence Design price target raised to $91 from $72 at Baird
02/18/20 Baird
Cadence Design initiated with an Outperform at Baird
02/13/20 Needham
Cadence Design price target raised to $86 from $76 at Needham
SNPS Synopsys
$145.14 /

-5.93 (-3.93%)

02/20/20 DA Davidson
Synopsys price target raised to $200 from $175 at DA Davidson
02/20/20 Credit Suisse
Synopsys price target raised to $180 from $150 at Credit Suisse
02/20/20 KeyBanc
Synopsys price target raised to $175 from $160 at KeyBanc
02/18/20 Baird
Synopsys initiated with an Outperform at Baird
Upgrade
Cadence Design upgraded to Buy from Neutral at BofA » 06:04
04/22/20
04/22
06:04
04/22/20
06:04
CDNS

Cadence Design

$74.80 /

-3.06 (-3.93%)

BofA upgraded Cadence…

BofA upgraded Cadence Design to Buy from Neutral.

ShowHide Related Items >><<
CDNS Cadence Design
$74.80 /

-3.06 (-3.93%)

04/21/20 Baird
Cadence Design price target raised to $91 from $72 at Baird
02/18/20 Baird
Cadence Design initiated with an Outperform at Baird
02/13/20 Needham
Cadence Design price target raised to $86 from $76 at Needham
02/13/20 RBC Capital
Cadence Design price target raised to $85 from $80 at RBC Capital

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.