NASDAQ:CDNS

Cadence Design Systems Stock Forecast, Price & News

$156.39

+4.75 (+3.13%)

(As of 07/6/2022 03:16 PM ET)

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Today's Range: $150.86
▼
$156.59
50-Day Range: $135.68
▼
$162.27
52-Week Range: $132.32
▼
$192.70

Volume: 38,707 shs
Average Volume: 1.44 million shs
Market Capitalization: $43.13 billion

P/E Ratio: 58.57
Dividend Yield: N/A
Price Target: $186.27

Cadence Design Systems MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.64 Rating Score
Upside/Downside: 19.5% Upside
$186.27 Price Target
Short Interest: Healthy
1.17% of Float Sold Short
Dividend Strength: N/A
Sustainability: -1.41
Upright™ Environmental Score
News Sentiment: 0.56
Based on 10 Articles This Week
Insider Trading: Selling Shares
$65.49 M Sold Last Quarter
Proj. Earnings Growth: 11.50%
From $3.13 to $3.49 Per Share

Overall MarketRank^™

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

2.02 out of 5 stars

Computer And Technology Sector

336th out of 932 stocks

Prepackaged Software Industry

105th out of 301 stocks

2.3 Analyst's Opinion

Consensus Rating
Cadence Design Systems has received a consensus rating of Buy. The company's average rating score is 2.64, and is based on 7 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $186.27, Cadence Design Systems has a forecasted upside of 19.5% from its current price of $155.88.
Amount of Analyst Coverage
Cadence Design Systems has only been the subject of 4 research reports in the past 90 days.

5.0 Short Interest

Percentage of Shares Shorted
1.17% of the float of Cadence Design Systems has been sold short.
Short Interest Ratio / Days to Cover
Cadence Design Systems has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Cadence Design Systems has recently decreased by 5.07%, indicating that investor sentiment is improving significantly.

0.0 Dividend Strength

Dividend Yield
Cadence Design Systems does not currently pay a dividend.
Dividend Growth
Cadence Design Systems does not have a long track record of dividend growth.

1.8 Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Cadence Design Systems has received a 19.48% net impact score from Upright. Cadence Design Systems seems to create the most significant positive value in categories "Taxes", "Jobs", and "Creating knowledge". The positive contribution in the "Creating knowledge" impact category is mostly driven by its "Computer-aided design software for industrial uses", "Product development software", and "Software debuggers" products. See details.
Environmental Sustainability
The Environmental Impact score for Cadence Design Systems is -1.41.

2.0 News and Social Media Coverage

News Sentiment
Cadence Design Systems has a news sentiment score of 0.56. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 10 news articles for Cadence Design Systems this week, compared to 5 articles on an average week.
Search Interest
Only 5 people have searched for CDNS on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
MarketBeat Follows
Only 7 people have added Cadence Design Systems to their MarketBeat watchlist in the last 30 days. This is a decrease of -61% compared to the previous 30 days.

2.5 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Cadence Design Systems insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $65,489,986.00 in company stock.
Percentage Held by Insiders
Only 1.99% of the stock of Cadence Design Systems is held by insiders.
Percentage Held by Institutions
84.07% of the stock of Cadence Design Systems is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5 Earnings and Valuation

Earnings Growth
Earnings for Cadence Design Systems are expected to grow by 11.50% in the coming year, from $3.13 to $3.49 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Cadence Design Systems is 58.38, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 88.97.
Price to Earnings Ratio vs. Sector
The P/E ratio of Cadence Design Systems is 58.38, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 205.01.
Price to Earnings Growth Ratio
Cadence Design Systems has a PEG Ratio of 2.79. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Cadence Design Systems has a P/B Ratio of 15.76. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About Cadence Design Systems (NASDAQ:CDNS) Stock

Cadence Design Systems, Inc. provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification. The company also provides digital IC design and sign off products, including Genus logic synthesis and Joules RTL power solutions, as well as Modus software solution to reduce systems-on-chip design-for-test time; physical implementation tools, such as place and route, optimization, and multiple patterning preparation; and signoff products to signoff the design as ready for silicon manufacturing. In addition, it offers custom IC design and simulation products to create schematic and physical representations of circuits down to the transistor level for analog, mixed-signal, custom digital, memory, and radio frequency designs; and system design and analysis products to develop printed circuit boards and IC packages, as well as to analyze electromagnetic, electro-thermal, and other multi-physics effects. Further, the company provides intellectual property (IP) products comprising pre-verified and customizable functional blocks to integrate into customer's ICs; and verification IP and memory models to emulate and model the expected behavior and interaction of standard industry system interface protocols. Additionally, it offers services related to methodology, education, and hosted design solutions, as well as technical support and maintenance services. The company serves 5G communications, aerospace and defense, automotive, industrial and healthcare, mobile, consumer, and hyperscale computing markets. Cadence Design Systems, Inc. was incorporated in 1987 and is headquartered in San Jose, California.

July 5, 2022 | finance.yahoo.com

Supporting LGBTQ+ Pride Month as a Cadence DEI Intern

July 3, 2022 | americanbankingnews.com

Cadence Design Systems, Inc. (NASDAQ:CDNS) Receives $186.73 Consensus Price Target from Analysts

July 1, 2022 | americanbankingnews.com

Cadence Design Systems, Inc. (NASDAQ:CDNS) Insider Sells $7,694,000.00 in Stock

June 30, 2022 | finance.yahoo.com

Cadence Design Systems (CDNS) Stock Moves -0.59%: What You Should Know

June 30, 2022 | seekingalpha.com

Cadence Design Systems: A Long-Term Revenue Growth Play

June 30, 2022 | finance.yahoo.com

Cadence Advances Radar, Lidar and Communications Processing for Automotive, Consumer and Industrial Markets

June 30, 2022 | uk.finance.yahoo.com

Factors that might predict the Cadence Design Systems share price direction

June 29, 2022 | markets.businessinsider.com

4 Analysts Have This to Say About Cadence Design Sys

June 29, 2022 | finance.yahoo.com

Chip Design Firms Upgraded As Chipmakers Downgraded

June 28, 2022 | americanbankingnews.com

Lip Bu Tan Sells 50,000 Shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) Stock

June 24, 2022 | americanbankingnews.com

Cadence Design Systems, Inc. (NASDAQ:CDNS) Insider Lip Bu Tan Sells 40,000 Shares

June 21, 2022 | seekingalpha.com

Cadence Design Systems enters into $100M accelerated share repurchase agreement

June 21, 2022 | finance.yahoo.com

Cadence Announces $100 Million Accelerated Share Repurchase Agreement

June 21, 2022 | finance.yahoo.com

Cadence Achieves PCIe 5.0 Specification Compliance for PHY and Controller IP in TSMC Advanced Technologies

June 18, 2022 | finance.yahoo.com

Is Cadence Design Systems (NASDAQ:CDNS) A Risky Investment?

June 16, 2022 | finance.yahoo.com

Cadence RFIC Solutions Support TSMC N6RF Design Reference Flow

June 15, 2022 | finance.yahoo.com

Cadence Design IP portfolio in TSMC’s N5 Process Gains Broad Adoption Among Leading Semiconductor and System Companies

June 14, 2022 | americanbankingnews.com

Cadence Design Systems, Inc. (NASDAQ:CDNS) CEO Anirudh Devgan Sells 35,217 Shares

June 13, 2022 | finance.yahoo.com

Here's Why Cadence (CDNS) is an Attractive Pick Right Now

June 13, 2022 | finance.yahoo.com

Cadence Digital and Custom/Analog Design Flows Certified by TSMC for Latest N3E and N4P Processes

June 13, 2022 | uk.finance.yahoo.com

Four reasons why the Cadence Design Systems (NSQ:CDNS) share price could move

June 10, 2022 | finance.yahoo.com

TELUS (TU) Invests C$14M to Boost PureFibre Network Expansion

June 9, 2022 | stocknews.com

2 Top Electronics Design Automation Stocks to Buy Now

June 9, 2022 | finance.yahoo.com

Cadence Cerebrus AI-Based Solution Delivers Transformative Results on Next-Generation Customer Designs

June 6, 2022 | finance.yahoo.com

Cadence (CDNS) CFD Solution to Improve AC75 Yacht Performance

See More Headlines

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Prepackaged software
Sub-Industry: Application Software
Sector: Computer and Technology
Current Symbol: NASDAQ:CDNS
CUSIP: 12738710
CIK: 813672
Web: www.cadence.com
Phone: (408) 943-1234
Fax: 408-428-5001
Employees: 9,300
Year Founded: 1988

Company Calendar

Last Earnings: 4/25/2022
Today: 7/06/2022
Next Earnings (Estimated): 7/25/2022
Fiscal Year End: 12/31/2022

Price Target and Rating

Average Stock Price Forecast: $186.27
High Stock Price Forecast: $215.00
Low Stock Price Forecast: $168.00
Forecasted Upside/Downside: +19.1%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.63636363636364
Research Coverage: 11 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.67
Trailing P/E Ratio: 58.57
Forward P/E Ratio: 49.96
P/E Growth: 2.79
Net Income: $695.96 million
Net Margins: 23.59%
Pretax Margin: 27.77%
Return on Equity: 31.01%
Return on Assets: 19.29%

Debt

Debt-to-Equity Ratio: 0.13
Current Ratio: 1.81
Quick Ratio: 1.69

Sales & Book Value

Annual Sales: $2.99 billion
Price / Sales: 14.43
Cash Flow: $3.38 per share
Price / Cash Flow: 46.29
Book Value: $9.89 per share
Price / Book: 15.81

Miscellaneous

Outstanding Shares: 275,760,000
Free Float: 270,271,000
Market Cap: $43.13 billion
Optionable: Optionable
Beta: 1.09

Social Links

Cadence Design Systems Frequently Asked Questions

Should I buy or sell Cadence Design Systems stock right now?: 11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cadence Design Systems in the last twelve months. There are currently 4 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Cadence Design Systems stock.
View analyst ratings for Cadence Design Systems or view top-rated stocks.
What is Cadence Design Systems' stock price forecast for 2022?: 11 brokerages have issued 12 month price targets for Cadence Design Systems' shares. Their CDNS stock forecasts range from $168.00 to $215.00. On average, they predict Cadence Design Systems' share price to reach $186.27 in the next twelve months. This suggests a possible upside of 19.5% from the stock's current price.
View analysts' price targets for Cadence Design Systems or view top-rated stocks among Wall Street analysts.
How has Cadence Design Systems' stock price performed in 2022?: Cadence Design Systems' stock was trading at $186.35 at the beginning of 2022. Since then, CDNS stock has decreased by 16.4% and is now trading at $155.84.
View the best growth stocks for 2022 here.
When is Cadence Design Systems' next earnings date?: Cadence Design Systems is scheduled to release its next quarterly earnings announcement on Monday, July 25th 2022.
View our earnings forecast for Cadence Design Systems.
How were Cadence Design Systems' earnings last quarter?: Cadence Design Systems, Inc. (NASDAQ:CDNS) announced its earnings results on Monday, April, 25th. The software maker reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.83 by $0.12. The software maker had revenue of $902 million for the quarter, compared to the consensus estimate of $859.63 million. Cadence Design Systems had a net margin of 23.59% and a trailing twelve-month return on equity of 31.01%. Cadence Design Systems's revenue was up 22.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.67 EPS.
View Cadence Design Systems' earnings history.
What guidance has Cadence Design Systems issued on next quarter's earnings?: Cadence Design Systems updated its FY22 earnings guidance on Monday, April, 25th. The company provided earnings per share (EPS) guidance of $3.89-3.97 for the period, compared to the consensus EPS estimate of $3.76. The company issued revenue guidance of $3.395-$3.435 billion, compared to the consensus revenue estimate of $3.36 billion.
Who are Cadence Design Systems' key executives?: Cadence Design Systems' management team includes the following people:
Mr. Lip-Bu Tan, Exec. Chair of the Board (Age 63, Pay $2.17M) (LinkedIn Profile)
Dr. Anirudh Devgan Ph.D., CEO, Pres & Director (Age 52, Pay $1.74M)
Mr. John M. Wall, Sr. VP & CFO (Age 51, Pay $1.3M) (LinkedIn Profile)
Mr. Thomas P. Beckley, Sr. VP and GM of Custom IC & PCB Group (Age 64, Pay $1.07M) (LinkedIn Profile)
Mr. Aneel Zaman, Sr. VP & Chief Revenue Officer (Age 53, Pay $1.3M) (LinkedIn Profile)
Dr. Chin-Chi Teng Ph.D., Sr. VP and GM of the Digital & Signoff Group (Age 56, Pay $1.09M)
Mr. Ariel Sella, Co-Founder
Mr. James Haddad, Corp. VP of Corp. Fin. & Treasurer
Mr. Richard Gu, VP of Investor Relations
Ms. Alinka Flaminia, Sr. VP, Chief Legal Officer & Corp. Sec. (Age 60)
What is Lip-Bu Tan's approval rating as Cadence Design Systems' CEO?: 675 employees have rated Cadence Design Systems CEO Lip-Bu Tan on Glassdoor.com. Lip-Bu Tan has an approval rating of 98% among Cadence Design Systems' employees. This puts Lip-Bu Tan in the top 20% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of Cadence Design Systems' key competitors?: Some companies that are related to Cadence Design Systems include Adobe (ADBE), Salesforce (CRM), Intuit (INTU), Synopsys (SNPS), Autodesk (ADSK), Workday (WDAY), ANSYS (ANSS), Splunk (SPLK), FactSet Research Systems (FDS), SS&C Technologies (SSNC), Tyler Technologies (TYL), Aspen Technology (AZPN), Citrix Systems (CTXS), Fair Isaac (FICO) and Manhattan Associates (MANH).
View all of CDNS's competitors.
What other stocks do shareholders of Cadence Design Systems own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Cadence Design Systems investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), PayPal (PYPL), Alibaba Group (BABA), Intel (INTC), QUALCOMM (QCOM), Cisco Systems (CSCO), Salesforce (CRM), Adobe (ADBE) and Home Depot (HD).
What is Cadence Design Systems' stock symbol?: Cadence Design Systems trades on the NASDAQ under the ticker symbol "CDNS."
How do I buy shares of Cadence Design Systems?: Shares of CDNS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Cadence Design Systems' stock price today?: One share of CDNS stock can currently be purchased for approximately $155.84.
How much money does Cadence Design Systems make?: Cadence Design Systems (NASDAQ:CDNS) has a market capitalization of $42.97 billion and generates $2.99 billion in revenue each year. The software maker earns $695.96 million in net income (profit) each year or $2.67 on an earnings per share basis.
How many employees does Cadence Design Systems have?: Cadence Design Systems employs 9,300 workers across the globe.
Does Cadence Design Systems have any subsidiaries?: The following companies are subsidiares of Cadence Design Systems: AWR Corporation, Altos Design Automation, Ambit Design Systems, Antrim Design Systems, Azuro, Azuro Inc., Beijing Cadence Electronics Technology Company Limited, Beijing Cadence Information Technology Co. Ltd., Bell Labs DA Group Of Lucent, C2 Design Automation (d/b/a Forte Design Systems), CadMos Design Technology, Cadence Design (Israel) II Ltd., Cadence Design Enablement Unlimited Company, Cadence Design Systems (Canada) Ltd., Cadence Design Systems (Cyprus) Ltd., Cadence Design Systems (India) Private Limited, Cadence Design Systems (Ireland) Limited, Cadence Design Systems (Israel) Ltd., Cadence Design Systems (Japan) B.V., Cadence Design Systems (S) Pte Ltd., Cadence Design Systems (Taiwan) B.V., Cadence Design Systems A.B., Cadence Design Systems B.V., Cadence Design Systems GmbH, Cadence Design Systems I B.V., Cadence Design Systems Kft., Cadence Design Systems LLC, Cadence Design Systems Leasing Inc., Cadence Design Systems Limited, Cadence Design Systems Management (Shanghai) Ltd., Cadence Design Systems S.A.S., Cadence Design Systems S.r.l., Cadence Design Systems do Brasil Microeletronica Ltda., Cadence Group Unlimited Company, Cadence International (Cyprus) Ltd., Cadence International Ltd., Cadence Korea Ltd., Cadence Taiwan Inc., Cadence Technology Limited, Cadence U.S. Inc., Castlewilder Global Unlimited Company, Castlewilder Unlimited Company, Celestry Design Technologies, Chip Estimate, Chip Estimate Corporation, Clear Shape Technologies, CommandCAD, Cooper & Chyan Technology, Cosmic Circuits, DSM Technologies, Daffodil Acquisition II Inc., Denali Software, Denali Software Kabushiki Kaisha, Denali Software LLC, Design Acceleration, Diablo Research, Détente Technology, ETop Design Automation, Esperan, Evatronix - IP Business, Forte Design Systems, Gardenia MJM II, Get2Chip, High Level Design Systems, Integrand Software, Invarium, Jasper Design Automation, Jasper Design Automation LLC, Jasper Holdings Ltd., K2 Technologies, Knowlent, Nanjing Kai Ding Electronics Technology Co. Ltd., Nascentric, Neolinear, OrCAD, Parsec Software, Pinebush Technologies, Plato Design Systems, Praesagus (Cadence), Q Design Automation, Quickturn Design Systems, Quickturn Design Systems Inc., Rocketick, Rocketick Inc., SFM Technology Inc., Seed Solutions, Shanghai Cadence Electronics Technology Co. Ltd., Sigrity, Sigrity Inc., Silicon Perspective, Solomon Design Automation (SDA), SpinCircuit, TVP I LLC, TVP II LLC, TVP III LLC, Tangent Systems Corporation, Taray, Taray Inc., Telos Venture Partners III L.P., Tensilica, Tensilica LLC, TranSwitch, Tundra Holdings Inc., Valid Logic Systems, Verisity, Verplex Systems, nusemi, and nusemi inc.
Read More
When was Cadence Design Systems founded?: Cadence Design Systems was founded in 1988.
How can I contact Cadence Design Systems?: Cadence Design Systems' mailing address is 2655 SEELY AVENUE BLDG 5, SAN JOSE CA, 95134. The official website for Cadence Design Systems is www.cadence.com. The software maker can be reached via phone at (408) 943-1234, via email at investor_relations@cadence.com, or via fax at 408-428-5001.

This page (NASDAQ:CDNS) was last updated on 7/6/2022 by MarketBeat.com Staff

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Cadence Design Systems Stock Forecast, Price & News

Cadence Design Systems MarketRank™ Forecast

Overall MarketRank™

2.3 Analyst's Opinion

5.0 Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

0.0 Dividend Strength

1.8 Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

2.0 News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

2.5 Company Ownership

2.5 Earnings and Valuation

Receive CDNS Stock News and Ratings via Email

About Cadence Design Systems (NASDAQ:CDNS) Stock

CDNS Stock News Headlines

Industry, Sector and Symbol

Company Calendar

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Cadence Design Systems Frequently Asked Questions

Should I buy or sell Cadence Design Systems stock right now?

What is Cadence Design Systems' stock price forecast for 2022?

How has Cadence Design Systems' stock price performed in 2022?

When is Cadence Design Systems' next earnings date?

How were Cadence Design Systems' earnings last quarter?

What guidance has Cadence Design Systems issued on next quarter's earnings?

Who are Cadence Design Systems' key executives?

What is Lip-Bu Tan's approval rating as Cadence Design Systems' CEO?

Who are some of Cadence Design Systems' key competitors?

What other stocks do shareholders of Cadence Design Systems own?

What is Cadence Design Systems' stock symbol?

How do I buy shares of Cadence Design Systems?

What is Cadence Design Systems' stock price today?

How much money does Cadence Design Systems make?

How many employees does Cadence Design Systems have?

Does Cadence Design Systems have any subsidiaries?

When was Cadence Design Systems founded?

How can I contact Cadence Design Systems?

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