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Cadence Design Systems (NASDAQ: CDNS) stock is moving higher in Tuesday's trading following the company's first-quarter report. The tech specialist's share price was up 5.1% as of 2:15 p.m. ET.

Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Cadence Design Systems. The Motley Fool has a disclosure policy.