Trader’s Alert: Cadence Design Systems (NASDAQ:CDNS), Finisar Corporation (NASDAQ:FNSR), SanDisk Corporation (NASDAQ:SNDK), InvenSense (NYSE:INVN)

Research analysts at Piper Jaffray assumed coverage on shares of Cadence Design Systems (NASDAQ:CDNS) in a report released on Monday, TheFlyOnTheWall.com reports. The firm set an “overweight” rating on the stock. Cadence Design Systems Inc. (NASDAQ:CDNS) shares after opening at $15.78 moved to $16.20 on last trade day and at the end of the day closed at $16.12. Company price to sales ratio in past twelve months was calculated as 3.09 and price to cash ratio as 7.13. Cadence Design Systems Inc. (NASDAQ:CDNS) showed a positive weekly performance of 5.57%.

Finisar (NASDAQ:FNSR) CEO Eitan Gertel sold 28,346 shares of the company’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $26.00, for a total value of $736,996.00. Following the completion of the transaction, the chief executive officer now directly owns 590,195 shares of the company’s stock, valued at approximately $15,345,070. Finisar Corporation (NASDAQ:FNSR) shares advanced 4.61% in last trading session and ended the day on $27.77. FNSR return on equity ratio is recorded as 9.90% and its return on assets is 7.50%. Finisar Corporation (NASDAQ:FNSR) yearly performance is 103.46%.

SanDisk Corp. logo SanDisk Corp. (NASDAQ:SNDK) CEO Sanjay Mehrotra sold 69,275 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. SanDisk Corporation (NASDAQ:SNDK) shares moved down -0.77% in last trading session and was closed at $80.10, while trading in range of $79.96 – $82.55. SanDisk Corporation (NASDAQ:SNDK) year to date (YTD) performance is 13.92%.

Shares of InvenSense (NASDAQ:INVN) reached a new 52-week high during mid-day trading on Friday after Evercore Partners raised their price target on the stock from $24.00 to $28.00, Analyst Ratings.Net reports. InvenSense Inc. (NYSE:INVN) weekly performance is 8.75%. On last trading day company shares ended up $23.23. InvenSense Inc. (NYSE:INVN) distance from 50-day simple moving average (SMA50) is 12.40%. Analysts mean target price for the company is $21.27.

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