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Siemens' $10.6 billion Altair deal strengthens its industrial software offering

UPDATE 4-Siemens' $10.6 billion Altair deal strengthens its industrial software offering Acquisition is Siemens' second biggest Price an 18.7% premium to Altair's Oct. 21 close Deal to complete in second half of 2025 Recasts, adds details, background throughout By John Revill Oct 31 (Reuters) - Siemens SIEGn.DE is to buy U.S. engineering software firm Altair Engineering ALTR.O for $10.6 billion, strengthening its position in the growing market for industrial software.
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Cadence raises midpoint of 2024 profit forecast on robust demand from chip designers

CORRECTED-Cadence raises midpoint of 2024 profit forecast on robust demand from chip designers Corrects headline to say company raised midpoint of annual profit forecast, not range of profit forecast for fourth quarter Oct 28 (Reuters) - Cadence Design Systems CDNS.O raised the midpoint of its annual profit forecast on Monday, betting on the boom in generative AI to drive demand for its software used to design complex chips that power those systems, sending its shares up 6.4% in extended trading
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Cadence rises after chip design software maker raises 2024 profit forecast

BUZZ-Cadence rises after chip design software maker raises 2024 profit forecast ** Shares of chip design software maker Cadence Design Systems' CDNS.O rise 5.4% to $266.50 in extended trading ** Co raises midpoint of 2024 EPS forecast to $5.90 vs. prior midpoint of $5.87 ** Co now expects adjusted EPS of $5.87 to $5.93 vs. prior forecast in of $5.77 to $5.97. ** Beats Q3 profit and rev estimates ** Reports Q3 rev of $1.22 billion vs.
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Nasdaq top and bottom performing stocks at about 12:01 p.m. EDT

BUZZ - Nasdaq top and bottom performing stocks at about 12:01 p.m. EDT Nasdaq 100 .NDX Top Performers Percent Change Arm Holdings PLC ARM.OQ +4.9% ON Semiconductor Corp ON.OQ +4.6% PDD Holdings Inc PDD.OQ +2.9% NXP Semiconductors NV NXPI.OQ +2.8% Moderna Inc MRNA.OQ +2.6% Bottom Performers Percent Change GE Healthcare Technologies Inc GEHC.OQ -3.7% Diamondback Energy Inc FANG.OQ -3.2% Lam Research Corp LRCX.OQ -2.2% Cadence Design Systems Inc CDNS.OQ -1.7% Dexcom Inc DXCM.OQ -1.6% The Nasdaq 100
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Oil and yen drop on MidEast restraint, Japan indecision

MORNING BID AMERICAS-Oil and yen drop on MidEast restraint, Japan indecision A look at the day ahead in U.S. and global markets from Mike Dolan A monster Halloween week of critical market events kicked off with a sharp slide in both crude oil prices and Japan's yen as tensions eased somewhat in the Middle East while Japan's election injected a rare bout of political uncertainty there.
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Cadence Design Systems Inc <CDNS.OQ> expected to post earnings of $1.44 a share - Earnings Preview

Cadence Design Systems Inc expected to post earnings of $1.44 a share - Earnings Preview Cadence Design Systems Inc CDNS.OQ CDNS.O is expected to show a rise in quarterly revenue when it reports results on October 28 for the period ending September 30 2024 The San Jose California-based company is expected to report a 15.4% increase in revenue to $1.181 billion from $1.02 billion a year ago, according to the mean estimate from 12 analysts, based on LSEG data.The company's guidance on July 22 2024
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Altair jumps after report says Siemens in talks to buy engineering software firm

BUZZ-Altair jumps after report says Siemens in talks to buy engineering software firm ** Shares of engineering software maker Altair Engineering ALTR.O rise 3.6% to $106.70 ** Siemens AG SIEGn.DE is in talks about a potential deal to acquire ALTR, Bloomberg News reports , citing people familiar with the matter ** ALTR is exploring a sale, Reuters s
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Engineering software firm Altair explores sale, sources say

EXCLUSIVE-Engineering software firm Altair explores sale, sources say Adds more background on Altair By Anirban Sen and Milana Vinn NEW YORK, Oct 22 (Reuters) - Altair Engineering ALTR.O , an engineering software maker with a market value of nearly $9 billion, is exploring a sale after receiving acquisition interest, three people familiar with the matter said on Tuesday.
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Altair hits record high on Reuters report saying co is exploring sale

BUZZ-Altair hits record high on Reuters report saying co is exploring sale ** Engineering software maker Altair Engineering's shares ALTR.O hit record-high ** ALTR was last up 9.1% at $103.85 ** Co is exploring a sale after attracting takeover interest, Reuters reported ** Cadence Design Systems CDNS.O could be one of the potential bidders for ALTR
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Engineering software firm Altair explores sale, sources say

EXCLUSIVE-Engineering software firm Altair explores sale, sources say Adds share price movement and details on PTC By Anirban Sen and Milana Vinn NEW YORK, Oct 22 (Reuters) - Altair Engineering ALTR.O , an engineering software maker with a market value of n early $9 billion , is exploring a sale after receiving acquisition interest, three people familiar with the matter said on Tuesday.
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Engineering software firm Altair explores sale, sources say

EXCLUSIVE-Engineering software firm Altair explores sale, sources say By Anirban Sen and Milana Vinn NEW YORK, Oct 22 (Reuters) - Altair Engineering ALTR.O , an engineering software maker with a market value of about $8 billion, is exploring a sale after receiving acquisition interest, three people familiar with the matter said on Tuesday. Troy, Michigan-based Altair is working with investment bankers to gauge interest from potential suitors, the sources said, requesting anonymity as the discuss
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U.S. Galapagos, Marsh & Mclennan, Travelers

U.S. RESEARCH ROUNDUP-Galapagos, Marsh & Mclennan, Travelers Oct 22 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies including Galapagos, Marsh & Mclennan and Travelers, on Tuesday. HIGHLIGHTS * Contineum Therapeutics Inc CTNM.O : Baird initiates coverage with outperform rating * Galapagos NV GLPG.O : JP Morgan cuts target price to $32 from $37 * Marsh & Mclennan MMC.N : KBW raises target price to $212 from $209 * Travelers TRV.
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U.S. Cadence Design Systems, Equity Bancshares, S&P Global

U.S. RESEARCH ROUNDUP- Cadence Design Systems, Equity Bancshares, S&P Global Oct 15 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Cadence Design Systems, Equity Bancshares and S&P Global, on Tuesday. HIGHLIGHTS * APA Corporation APA.O : Piper Sandler cuts target price to $28 from $29 * Cadence Design Systems Inc CDNS.O : Berenberg initiates coverage with buy rating * Equity Bancshares Inc EQBK.N : Stephens raises t
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Samsung senior adviser Young Sohn to rejoin Arm's board

Samsung senior adviser Young Sohn to rejoin Arm's board Sept 12 (Reuters) - British chip firm Arm Holdings ARM.O said on Thursday that Young Sohn, a senior adviser at Samsung Electronics 005930.KS , will rejoin its board. Having previously served on Arm's board, Sohn said that his history with the company has "provided unique perspective into how critical Arm technology is to the world that relies on it." "The depth of experience that Young brings will be invaluable to Arm as we continue to dive
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Cadence Design Systems Files For Three-Part Senior Notes Offering

BRIEF-Cadence Design Systems Files For Three-Part Senior Notes Offering Sept 4 (Reuters) - Cadence Design Systems Inc CDNS.O : CADENCE DESIGN SYSTEMS FILES FOR THREE-PART SENIOR NOTES OFFERING; SIZE NOT DISCLOSED - SEC FILING Source text for Eikon: [ID:n0001193125-24-212670] Further company coverage: CDNS.O
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Intel board member quit after differences over chipmaker's revival plan

EXCLUSIVE-Intel board member quit after differences over chipmaker's revival plan Tan saw workforce as bloated, culture risk-averse Tan's exit leaves a vacuum of chip-industry expertise on Intel's board Intel's struggles led to layoffs, paused dividend, slashed capital spending Intel's foundry business plan faces challenges without major customers or expertise By Max A.
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Semiconductor veteran Lip-Bu Tan exits Intel's board

UPDATE 2-Semiconductor veteran Lip-Bu Tan exits Intel's board Recasts paragraph 1, changes sourcing, adds details in paragraphs 2,4 and 6 Aug 22 (Reuters) - Intel's INTC.O director Lip-Bu Tan, a semiconductor industry veteran brought in two years ago to help with the chipmaker's comeback effort, h as steppe d down from its board, the chipmaker disclosed in a filing on Thursday.
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Cadence Design Systems Inc - Announced Launch Of Fem.Ai

BRIEF-Cadence Design Systems Inc - Announced Launch Of Fem.Ai Aug 22 (Reuters) - Cadence Design Systems Inc CDNS.O : CADENCE DESIGN SYSTEMS INC - ANNOUNCED LAUNCH OF FEM.AI Source text for Eikon: ID:nBw16RN3na Further company coverage: CDNS.O
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Synopsys expects upbeat Q4 on firm demand for chip design software

Synopsys expects upbeat Q4 on firm demand for chip design software By Max A. Cherney and Jaspreet Singh Aug 21 (Reuters) - Synopsys SNPS.O forecast its fourth-quarter revenue and profit above Wall Street estimates on Wednesday, a sign of steady demand for its software to design complex and AI-compatible chips as businesses race to adopt the lucrative technology.
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Nasdaq top and bottom performing stocks at about 03:45 p.m. EDT

BUZZ - Nasdaq top and bottom performing stocks at about 03:45 p.m. EDT Nasdaq 100 .NDX Top Performers Percent Change Arm Holdings PLC ARM.OQ +10.1% Marvell Technology Inc MRVL.OQ +8.4% ON Semiconductor Corp ON.OQ +8.4% KLA Corp KLAC.OQ +7.4% Cadence Design Systems Inc CDNS.OQ +7.3% Bottom Performers Percent Change Monster Beverage Corp MNST.OQ -11.4% Warner Bros Discovery Inc WBD.OQ -9.3% Fortinet Inc FTNT.OQ -1.4% American Electric Power Company Inc AEP.OQ -1.2% Exelon Corp EXC.OQ -0.7% The Nas
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