New: Online Broker Comparison!Learn more about the best online brokers in our new comparison! Find out more!
On Wednesday 06/12/2024 the closing price of the Cadence Design Systems Inc. share was $312.00 on BTT.Compared to the opening price on Wednesday 06/12/2024 on BTT of $301.06, this is a gain of 3.51%.Cadence Design Systems Inc.'s market capitalization is $81.36 B by 272.13 M shares outstanding.
Is Cadence Design Systems stock a Buy, Sell or Hold?
Cadence Design Systems stock has received a consensus rating of buy. The average rating score is and is based on 42 buy ratings, 6 hold ratings, and 0 sell ratings.What was the 52-week low for Cadence Design Systems stock?
The low in the last 52 weeks of Cadence Design Systems stock was 217.77. According to the current price, Cadence Design Systems is 143.27% away from the 52-week low.What was the 52-week high for Cadence Design Systems stock?
The high in the last 52 weeks of Cadence Design Systems stock was 327.43. According to the current price, Cadence Design Systems is 95.29% away from the 52-week high.What are analysts forecasts for Cadence Design Systems stock?
The 48 analysts offering price forecasts for Cadence Design Systems have a median target of 261.54, with a high estimate of 350.00 and a low estimate of 175.00. The median estimate represents a 119.29 difference from the last price of 312.00.Cadence Design Systems Stock Snapshot
311.62
Bid
10.00
Bid Size
312.03
Ask
3.00
Ask Size
6/12/2024
Date
5:42 PM
Time
102,413.00
Volume
311.77
Prev. Close
301.06
Open
80.68 B
Market Cap in USD
272.13 M
Number of Shares
300.13
Day Low
312.94
Day High
312.00
217.77
52 Week Low
327.43
52 Week High
312.00
0.00
Dividend in USD
0.00
Dividend Yield
71.35
P/E Ratio
99.01
Free Float in %
3.87
EPS in USD
12.53
Book Value per Share in USD
4.95
Cash Flow per Share in USD
Cadence Design Systems NewsMore News
InvestorPlace
The 3 Best Climate Change Stocks to Buy in June 2024
Zacks
Cadence Design Systems (CDNS) Rises Higher Than Market: Key Facts
Benzinga
Cadence Acquires Switzerland-Based BETA CAE for $1.24B
Cadence Design Systems Inc (NASDAQ: CDNS) recently concluded the acquisition of Switzerland-based BETA CAE Systems International AG. The acquisition was announced in March 2024.
Benzinga
Broadcom, Marvell Capitalize On Generative AI Demand With Custom ASIC Solutions
Semiconductor giants Broadcom and Marvell are poised for growth in the custom chip market, driven by AI adoption and partnerships with tech titans.
Zacks
Cadence Design Systems (CDNS) Stock Slides as Market Rises: Facts to Know Before You Trade
Historical Prices for Cadence Design Systems
| Date | Open | Close | Daily High | Daily Low |
|---|
Price change over selected period:0%0
Cadence Design Systems Analyst Data
Total Analysts: 48
Buy Ratings: 42 Neutral Ratings: 6 Sell Ratings: 0
Analyst: {{ANALYST_DATA}}
Price-Target: {{PRICE_DATA}}
Rating: {{RATING_DATA}}
Price *Price Target
Lowest: 175.00 Median: 261.54 Highest: 350.00
*The average price target includes all analyst analysis, not just the most recent analysis presented in the chart.
Cadence Design Systems Analyst Opinions
- All
- Buy
- Hold
- Sell
| Date | Analyst | Rating | Price | |||
|---|---|---|---|---|---|---|
| 05/30/24 | Bank of America Merrill Lynch | Maintained Buy | $350 | gut | ||
| 05/17/24 | Needham & Company, LLC | Maintained Buy | $320 | gut | ||
| 04/23/24 | Needham & Company, LLC | Maintained Buy | $320 | gut | ||
| 04/23/24 | Piper Sandler | Maintained Hold | $318 | neutral | ||
| 04/22/24 | Rosenblatt | Maintained Hold | $280 | neutral | ||
| 04/19/24 | Needham & Company, LLC | Maintained Buy | $320 | gut | ||
| 04/18/24 | Baird Patrick & Co | Maintained Buy | $322 | gut | ||
| 04/16/24 | Wells Fargo & Co | Maintained Buy | $350 | gut | ||
| 04/04/24 | Piper Sandler | Maintained Hold | $334 | neutral | ||
| 03/06/24 | Needham & Company, LLC | Maintained Buy | $320 | gut | ||
| 02/14/24 | Morgan Stanley | Upgraded to Buy | $350 | gut | ||
| 02/13/24 | Baird Patrick & Co | Maintained Buy | $302 | gut | ||
| 02/13/24 | Stifel, Nicolaus & Co., Inc. | Maintained Buy | $350 | gut | ||
| 02/13/24 | Rosenblatt | Downgraded to Hold | $280 | neutral | ||
| 02/13/24 | Needham & Company, LLC | Maintained Buy | $320 | gut | ||
| 02/06/24 | Wells Fargo & Co | Maintained Buy | $330 | gut | ||
| 11/10/23 | Morgan Stanley | Maintained Hold | $260 | neutral | ||
| 10/24/23 | Rosenblatt | Maintained Buy | $265 | gut | ||
| 10/24/23 | Needham & Company, LLC | Maintained Buy | $268 | gut | ||
| 10/19/23 | Rosenblatt | Maintained Buy | $265 | gut | ||
| 09/21/23 | Rosenblatt | Maintained Buy | $250 | gut | ||
| 08/25/23 | Rosenblatt | Maintained Buy | $250 | gut | ||
| 07/25/23 | Bank of America Merrill Lynch | Maintained Buy | $285 | gut | ||
| 07/25/23 | Needham & Company, LLC | Maintained Buy | $235 | gut | ||
| 07/25/23 | Rosenblatt | Maintained Buy | $250 | gut | ||
| 07/21/23 | Rosenblatt | Maintained Buy | $250 | gut | ||
| 07/20/23 | Stifel, Nicolaus & Co., Inc. | Upgraded to Buy | $300 | gut | ||
| 07/18/23 | Wells Fargo & Co | Maintained Buy | $270 | gut | ||
| 06/05/23 | Wells Fargo & Co | Maintained Buy | $250 | gut | ||
| 04/26/23 | Deutsche Bank | Maintained Buy | $230 | gut | ||
| 04/25/23 | Bank of America Merrill Lynch | Maintained Buy | $240 | gut | ||
| 04/25/23 | Baird Patrick & Co | Maintained Buy | $223 | gut | ||
| 04/11/23 | Wells Fargo & Co | Maintained Buy | $235 | gut | ||
| 02/15/23 | Deutsche Bank | Maintained Buy | $222 | gut | ||
| 02/14/23 | Wells Fargo & Co | Maintained Buy | $215 | gut | ||
| 02/14/23 | Baird Patrick & Co | Maintained Buy | $215 | gut | ||
| 02/14/23 | Rosenblatt | Maintained Buy | $200 | gut | ||
| 02/14/23 | Needham & Company, LLC | Maintained Buy | $235 | gut | ||
| 02/14/23 | Bank of America Merrill Lynch | Maintained Buy | $225 | gut | ||
| 01/17/23 | Atlantic Equities | Upgraded to Buy | $200 | gut | ||
| 12/16/22 | Bank of America Merrill Lynch | Upgraded to Buy | $205 | gut | ||
| 10/24/22 | Rosenblatt | Maintained Buy | $175 | gut | ||
| 09/29/22 | Deutsche Bank | Maintained Buy | $200 | gut | ||
| 09/08/22 | Stifel, Nicolaus & Co., Inc. | Maintained Buy | $200 | gut | ||
| 08/17/22 | Wolfe Research | Maintained Buy | $210 | gut | ||
| 07/26/22 | Rosenblatt | Maintained Buy | $185 | gut | ||
| 07/26/22 | Needham & Company, LLC | Maintained Buy | $200 | gut | ||
| 06/29/22 | Bank of America Merrill Lynch | Upgraded to Hold | $175 | neutral |
Cadence Design Systems Estimates* in USD
| 2024 | 2025 | 2026 | 2027 | |
|---|---|---|---|---|
| Revenue | 4,591 | 5,179 | 5,887 | 6,210 |
| Dividend | 0.00 | 0.00 | 0.00 | - |
| Dividend Yield (in %) | 0.00 % | 0.00 % | 0.00 % | - |
| EPS | 5.93 | 6.90 | 8.02 | - |
| P/E Ratio | 49.91 | 42.93 | 36.91 | - |
| EBIT | 1,962 | 2,291 | 2,688 | - |
| EBITDA | 2,073 | 2,446 | 2,857 | - |
| Net Profit | 1,622 | 1,889 | 2,187 | - |
| Net Profit Adjusted | 1,622 | 1,889 | 2,187 | - |
| Pre-Tax Profit | - | 2,281 | - | - |
| Net Profit (Adjusted) | 1,606 | 1,795 | 2,179 | - |
| EPS (Non-GAAP) ex. SOE | 5.94 | 6.96 | 8.13 | - |
| EPS (GAAP) | 4.13 | 4.93 | 5.97 | - |
| Gross Income | 4,130 | 4,690 | 5,347 | - |
| Cash Flow from Investing | -164 | -120 | - | - |
| Cash Flow from Operations | 1,395 | 1,850 | 2,333 | - |
| Cash Flow from Financing | -730 | -500 | - | - |
| Cash Flow per Share | 5.19 | 7.28 | - | - |
| Free Cash Flow | 1,270 | 1,718 | 2,208 | 2,285 |
| Free Cash Flow per Share | 4.67 | 6.80 | 8.76 | - |
| Book Value per Share | 15.89 | 18.59 | 24.02 | - |
| Net Debt | -1,132 | -2,349 | -4,606 | -6,456 |
| Research & Development Exp. | 1,369 | 1,504 | 1,688 | - |
| Capital Expenditure | 129 | 119 | 125 | - |
| Selling, General & Admin. Exp. | 674 | 673 | - | - |
| Shareholder’s Equity | 4,399 | 5,535 | 8,529 | - |
| Total Assets | 6,606 | 7,594 | - | - |
| Previous Quarter ending 03/31/24 | Current Quarter ending 06/30/24 | Next Quarter ending 09/30/24 | Current Year ending 12/31/24 | Next Year ending 12/31/25 | |
|---|---|---|---|---|---|
| Earnings Estimates | |||||
| No. of Analysts | 11 | 11 | 11 | 12 | 11 |
| Average Estimate | 1.126 USD | 1.227 USD | 1.601 USD | 5.931 USD | 6.896 USD |
| Year Ago | 1.290 USD | 1.220 USD | 1.260 USD | 5.150 USD | 5.931 USD |
| Publish Date | 4/22/2024 | 7/22/2024 | 10/21/2024 | - | - |
| Revenue Estimates | |||||
| No. of Analysts | 11 | 11 | 11 | 13 | 12 |
| Average Estimate | 1,002 USD | 1,042 USD | 1,194 USD | 4,591 USD | 5,179 USD |
| Year Ago | 1,022 USD | 977 USD | 1,023 USD | 4,090 USD | 4,591 USD |
| Publish Date | 4/22/2024 | 7/22/2024 | 10/21/2024 | - | - |
* Average Estimates in Million (e.g. Revenue) or per share (e.g. Dividend). Source: FactSet
Income Statements
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Sales | 1,943 | 2,138 | 2,336 | 2,683 | 2,988 | 3,562 | 4,090 |
| Change of sales in % | 6.99 | 10.04 | 9.27 | 14.83 | 11.38 | 19.19 | 14.83 |
| Gross profit on sales | 1,691 | 1,865 | 2,058 | 2,359 | 2,662 | 3,172 | 3,637 |
| Gross profit on sales change in % | 9.69 | 10.31 | 10.33 | 14.65 | 12.81 | 19.16 | 14.67 |
| Operating income | 333 | 407 | 500 | 657 | 778 | 1,074 | 1,274 |
| Operating income change in % | 16.17 | 22.18 | 22.86 | 31.32 | 18.39 | 38.01 | 18.68 |
| Income before tax | 315 | 376 | 479 | 633 | 768 | 1,045 | 1,282 |
| Income before tax change in % | 32.85 | 19.47 | 27.25 | 32.11 | 21.44 | 36.04 | 22.63 |
| Income after tax | 204 | 346 | 989 | 591 | 696 | 849 | 1,041 |
| Income after tax change in % | 0.50 | 69.41 | 186.02 | -40.28 | 17.83 | 21.98 | 22.64 |
Balance Sheet
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Total liabilities | 1,430 | 1,180 | 1,254 | 1,458 | 1,646 | 2,392 | 2,265 |
| Total liabilities change in % | 2.79 | 1.68 | 2.08 | 2.37 | 2.44 | 3.83 | 2.48 |
| Equity | 989 | 1,288 | 2,103 | 2,493 | 2,741 | 2,745 | 3,404 |
| Equity change in % | 33.36 | 30.25 | 63.22 | 18.55 | 9.93 | 0.16 | 24.01 |
| Balance sheet total | 2,419 | 2,469 | 3,357 | 3,951 | 4,386 | 5,137 | 5,669 |
| Balance sheet total change in % | 15.35 | 2.06 | 35.99 | 17.68 | 11.02 | 17.12 | 10.36 |
Key Data
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Sales per share | 6.93 | 7.60 | 8.33 | 9.59 | 10.72 | 12.95 | 15.00 |
| P/E ratio (year end quote, basic EPS) | 57.41 | 35.24 | 19.94 | 64.59 | 74.67 | 52.04 | 71.35 |
| P/E ratio (ear end quote, diluted EPS) | 57.41 | 35.24 | 19.94 | 64.59 | 74.67 | 52.04 | 71.35 |
| P/E ratio (year end quote) | 57.41 | 35.24 | 19.94 | 64.59 | 74.67 | 52.04 | 71.35 |
| Dividend yield in % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Equity ratio in % | 40.90 | 52.19 | 62.64 | 63.10 | 62.48 | 53.44 | 60.05 |
| Debt ratio in % | 59.10 | 47.81 | 37.36 | 36.90 | 37.52 | 46.56 | 39.95 |
Cadence Design Systems Insider Activity
| Name | Date | shares traded | shares held | Price | type (sell/buy) | option |
|---|---|---|---|---|---|---|
| Nisewaner Karna | 06/02/2024 | 600.00 | 19,880.00 | 287.31 | Sell | No |
| SANGIOVANNI VINCENTELLI ALBERTO | 05/14/2024 | 452.00 | 50,599.00 | 286.04 | Sell | No |
| SANGIOVANNI VINCENTELLI ALBERTO | 05/14/2024 | 1,048.00 | 49,551.00 | 287.61 | Sell | No |
| CHEW LEWIS | 05/01/2024 | 868.00 | 7,638.00 | n/a | Buy | No |
| Cunningham Paul | 04/30/2024 | 1,000.00 | 67,144.00 | 275.36 | Sell | No |
| Nisewaner Karna | 04/30/2024 | 600.00 | 20,480.00 | 275.36 | Sell | No |
| SANGIOVANNI VINCENTELLI ALBERTO | 04/14/2024 | 453.00 | 50,765.00 | 308.75 | Sell | No |
| SANGIOVANNI VINCENTELLI ALBERTO | 04/14/2024 | 465.00 | 51,218.00 | 307.37 | Sell | No |
| SANGIOVANNI VINCENTELLI ALBERTO | 04/14/2024 | 326.00 | 50,183.00 | 310.50 | Sell | No |
| SANGIOVANNI VINCENTELLI ALBERTO | 04/14/2024 | 256.00 | 50,509.00 | 309.47 | Sell | No |
| Nisewaner Karna | 03/31/2024 | 600.00 | 21,080.00 | 310.46 | Sell | No |
| Cunningham Paul | 03/31/2024 | 1,000.00 | 68,144.00 | 310.46 | Sell | No |
| WALL JOHN M | 03/27/2024 | 205.00 | 41,035.00 | 312.89 | Sell | No |
| WALL JOHN M | 03/27/2024 | 4,976.00 | 50,830.00 | 311.14 | Sell | No |
| WALL JOHN M | 03/27/2024 | 9,590.00 | 41,240.00 | 312.33 | Sell | No |
| WALL JOHN M | 03/27/2024 | 6,929.00 | 55,806.00 | 310.25 | Sell | No |
| ZAMAN ANEEL | 03/17/2024 | 4,656.00 | 41,914.00 | 301.98 | Sell | No |
| ZAMAN ANEEL | 03/17/2024 | 15,915.00 | 25,999.00 | 302.75 | Sell | No |
| ZAMAN ANEEL | 03/17/2024 | 1,521.00 | 46,570.00 | 300.78 | Sell | No |
| ZAMAN ANEEL | 03/17/2024 | 1,500.00 | 24,499.00 | 303.59 | Sell | No |
| ZAMAN ANEEL | 03/14/2024 | 23,197.00 | 37,953.00 | 298.44 | Sell | No |
| ZAMAN ANEEL | 03/14/2024 | 10,138.00 | 48,091.00 | n/a | Buy | No |
| SANGIOVANNI VINCENTELLI ALBERTO | 03/13/2024 | 986.00 | 51,683.00 | 309.68 | Sell | No |
| SANGIOVANNI VINCENTELLI ALBERTO | 03/13/2024 | 514.00 | 52,669.00 | 308.15 | Sell | No |
| PLUMMER JAMES D | 03/06/2024 | 2,412.00 | 22,923.00 | 315.40 | Sell | No |
Cadence Design Systems Dividend Calendar
| Date | Name | Dividend | *yield | Currency |
|---|---|---|---|---|
| 2023 | Cadence Design Systems Inc. | 0.00 | 0.00 | USD |
| 2022 | Cadence Design Systems Inc. | 0.00 | 0.00 | USD |
| 2021 | Cadence Design Systems Inc. | 0.00 | 0.00 | USD |
| 2020 | Cadence Design Systems Inc. | 0.00 | 0.00 | USD |
| 2019 | Cadence Design Systems Inc. | 0.00 | 0.00 | USD |
| 2018 | Cadence Design Systems Inc. | 0.00 | 0.00 | USD |
| 2017 | Cadence Design Systems Inc. | 0.00 | 0.00 | USD |
| 2016 | Cadence Design Systems Inc. | 0.00 | 0.00 | USD |
| 2015 | Cadence Design Systems Inc. | 0.00 | 0.00 | USD |
| 2014 | Cadence Design Systems Inc. | 0.00 | 0.00 | USD |
| 2013 | Cadence Design Systems Inc. | 0.00 | 0.00 | USD |
| 2012 | Cadence Design Systems Inc. | 0.00 | 0.00 | USD |
| 2011 | Cadence Design Systems Inc. | 0.00 | 0.00 | USD |
| 2010 | Cadence Design Systems Inc. | 0.00 | 0.00 | USD |
| 2009 | Cadence Design Systems Inc. | 0.00 | 0.00 | USD |
| 2008 | Cadence Design Systems Inc. | 0.00 | 0.00 | USD |
| 2007 | Cadence Design Systems Inc. | 0.00 | 0.00 | USD |
| 2006 | Cadence Design Systems Inc. | 0.00 | 0.00 | USD |
| 2005 | Cadence Design Systems Inc. | 0.00 | 0.00 | USD |
| 2004 | Cadence Design Systems Inc. | 0.00 | 0.00 | USD |
| 2003 | Cadence Design Systems Inc. | 0.00 | 0.00 | USD |
*Yield of the Respective Date
Cadence Design Systems Inc. Calendar
| Event | Estimate | Info | Date |
|---|---|---|---|
| Earnings Report | 1.227 USD | Q2 2024 Earnings Release | 07/22/2024 |
| Earnings Report | 1.601 USD | Q3 2024 Earnings Release | 10/21/2024 |
| Earnings Report | - | Q4 2024 Earnings Release | 02/25/2025 |
| Earnings Report | - | Q1 2025 Earnings Release | 04/28/2025 |
Cadence Design Systems Inc. Past Events
| Event | Actual EPS | Info | Date |
|---|---|---|---|
| Annual General Meeting | - | Annual General Meeting | 05/02/2024 |
| Earnings Report | 1.170 USD | Q1 2024 Earnings Release | 04/22/2024 |
Cadence Design Systems Profile
Cadence Design Systems, Inc. engages in the design and development of integrated circuits and electronic devices. The company was founded by Alberto Sangiovanni-Vincentelli, Gudmundur A. Hjartarson, K. Bobby Chao, and K. Charles Janac in June 1988 and is headquartered in San Jose, CA.
Moody’s Daily Credit Risk Score
Risk
- Low
- Medium
- High
2
Moody’s Daily Credit Risk Score is a 1-10 score of a company’s credit risk, based on an analysis of the firm’sbalance sheet and inputs from the stock market. The score provides a forward-looking, one-year measure of creditrisk, allowing investors to make better decisions and streamline their work ow. Updated daily, it takes intoaccount day-to-day movements in market value compared to a company’s liability structure.
Cadence Design Systems Shareholder
| Owner | in % |
|---|---|
| Freefloat | 99.01 |
| The Vanguard Group, Inc. | 9.00 |
| Vanguard Group, Inc. (Subfiler) | 8.73 |
| State Street Corp. | 4.28 |
| Massachusetts Financial Services Co. | 3.74 |
| BlackRock Fund Advisors | 3.26 |
| Vanguard Total Stock Market ETF | 3.15 |
| Fidelity Management & Research Co. LLC | 2.70 |
| Jennison Associates LLC | 2.60 |
| Vanguard 500 Index Fund | 2.54 |
| BlackRock Institutional Trust Co. NA | 2.34 |
| Geode Capital Management LLC | 2.26 |
| Blackrock Group Ltd. (Subfiler) | 2.14 |
| Invesco QQQ Trust | 1.92 |
| T Rowe Price Associates, Inc. (13F Subfiler) | 1.63 |
Shareholder percentage totals can add to more than 100% because some holders are included in the free float.
Cadence Design Systems Management
| Name | Job |
|---|---|
| Mary Louise Krakauer | Chairman |
| John M. Wall | Chief Financial Officer & Senior Vice President |
| Zheng Wan | Group Director-M&A Integration |
| Lewis Chew | Independent Director |
| Alberto Luigi Sangiovanni-Vincentelli | Independent Director |
| Ita M. Brennan | Independent Director |
| Julia Liuson | Independent Director |
| Mark W. Adams | Independent Director |
| Young K. Sohn | Independent Director |
| James D. Plummer | Independent Director |
| Anirudh Devgan | President, Chief Executive Officer & Director |
| Chin Chi Teng | SVP & General Manager-Digital & Signoff Group |
| Paul Cunningham | SVP & General Manager-System Verification Group |
| Karna Nisewaner | Secretary, Senior Vice President & General Counsel |
| Alan H. Lindstrom | Senior Group Director-Investor Relations |
| Aparna Dey | Senior Group Director-Product Marketing |
| Thomas P. Beckley | Senior VP, General Manager-Custom IC & PBC Group |
| Boyd Phelps | Senior Vice President & GM-Silicon Solutions Group |
| Nimish H. Modi | Senior Vice President, GM-Strategy & New Ventures |
| Christina R. Jones | Senior Vice President-Global Human Resources |
| Michael Jackson | Vice President-Research & Development |
