CDNS:NSD-Cadence Design Systems Inc (USD)

COMMON STOCK | Software-Application | NSD

Last Closing Price

USD 172.43

Change

0.00 (0.00)%

Market Cap

USD 47.30B

Volume

1.26M

Avg Analyst Target

USD 192.88 (+11.86%)

Avg User Target

USD
Average Analyst Rating

Verdict

Fundamental Analysis

Verdict


CDNS Stock Forecast & Price:
Based on the Cadence Design Systems Inc stock forecasts from 7 analysts, the average analyst target price for Cadence Design Systems Inc is USD 192.88 over the next 12 months. Cadence Design Systems Inc’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Cadence Design Systems Inc is Slightly Bullish , which is based on 9 positive signals and 4 negative signals. At the last closing, Cadence Design Systems Inc’s stock price was USD 172.43. Cadence Design Systems Inc’s stock price has changed by +3.06% over the past week, +20.70% over the past month and -3.06% over the last year.

About Cadence Design Systems Inc (CDNS:NSD)

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 Ja ...Read More

Technical Indicators

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2022-12-03 )

Largest Industry Peers for Software-Application

Symbol Name Price(Change) Market Cap Price / Earning Ratio EV/EBITDA
INTU Intuit Inc

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WDAY Workday Inc

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USD43.77B 1,430.52 233.60
ADSK Autodesk Inc

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TEAM Atlassian Corp Plc

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USD34.99B N/A -463.33
TTD Trade Desk Inc

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DDOG Datadog Inc

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ANSS ANSYS Inc

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ZM Zoom Video Communications Inc

N/A

USD21.72B 32.88 25.17
NUAN Nuance Communications Inc

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USD17.88B 4,558.33 176.15
AZPN Aspen Technology Inc

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USD15.49B 68.96 46.36

ETFs Containing CDNS

Symbol Name Weight Mer Price(Change) Market Cap
DX2E:F Xtrackers - S&P Global In.. 9.44 % 0.60 %

N/A

USD0.29B
DX2E:XETRA Xtrackers - S&P Global In.. 9.44 % 0.60 %

N/A

USD0.29B
EL41:XETRA Deka MSCI USA MC UCITS ET.. 0.00 % 0.30 %

N/A

USD0.04B
JUMF:F Jpmorgan ETFs Ireland Ica.. 0.00 % 0.19 %

N/A

USD0.01B
INTL:LSE WisdomTree Artificial Int.. 0.00 % 0.40 %

N/A

USD0.30B
IMCB iShares Morningstar Mid-C.. 0.00 % 0.04 %

N/A

USD0.78B
IMCG iShares Morningstar Mid-C.. 0.00 % 0.06 %

N/A

N/A
OPPX Exchange Listed Funds Tru.. 0.00 % 0.75 %

N/A

USD0.02B
WTI2:XETRA WisdomTree Artificial Int.. 0.00 % 0.40 %

N/A

USD0.28B
MID S&P Midcap 400 0.00 % 0.45 %

N/A

USD0.02B
FEVR Inspire Faithward Large C.. 0.00 % 0.80 %

N/A

USD0.02B
BKMC BNY Mellon US Mid Cap Cor.. 0.00 % 0.04 %

N/A

USD0.09B
IWP iShares Russell Mid-Cap G.. 0.00 % 0.23 %

N/A

USD11.80B
IWR iShares Russell Mid-Cap E.. 0.00 % 0.18 %

N/A

USD28.93B
EL41:F Deka MSCI USA MC UCITS ET.. 0.00 % 0.30 %

N/A

USD0.04B
WTAI:LSE WisdomTree Artificial Int.. 0.00 % 0.40 %

N/A

USD0.30B
BOUT Innovator ETFs Trust - In.. 0.00 % 0.80 %

N/A

USD0.01B
QTUM Defiance Quantum 0.00 % 0.40 %

N/A

USD0.11B
ROBT First Trust Nasdaq Artifi.. 0.00 % 0.65 %

N/A

USD0.19B
USLB Invesco Russell 1000 Low .. 0.00 % 0.35 %

N/A

USD8.46M
VOT Vanguard Mid-Cap Growth I.. 0.00 % 0.07 %

N/A

USD10.07B
VO Vanguard Mid-Cap Index Fu.. 0.00 % 0.17 %

N/A

USD136.40B
JKH iShares Morningstar Mid-C.. 0.00 % 0.06 %

N/A

USD1.59B
WTI2:F WisdomTree Artificial Int.. 0.00 % 0.40 %

N/A

USD0.28B

Market Performance

  Market Performance vs.
Industry/Classification (Software-Application)
Market Performance vs. Exchange
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain -7.47% 87% B+ 65% D
Dividend Return N/A N/A N/A N/A N/A
Total Return -7.47% 87% B+ 63% D
Trailing 12 Months  
Capital Gain -3.06% 90% A- 69% D+
Dividend Return N/A N/A N/A N/A N/A
Total Return -3.06% 90% A- 67% D+
Trailing 5 Years  
Capital Gain 306.48% 94% A 94% A
Dividend Return N/A N/A N/A N/A N/A
Total Return 306.48% 94% A 94% A
Average Annual (5 Year Horizon)  
Capital Gain 42.17% 84% B 90% A-
Dividend Return N/A N/A N/A N/A N/A
Total Return 42.17% 84% B 90% A-
Risk Return Profile  
Volatility (Standard Deviation) 28.92% 74% C 57% F
Risk Adjusted Return 145.79% 100% A+ 100% A+
Market Capitalization 47.30B 99% A+ 99% A+
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 87%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Key Financial Ratios

  Ratio vs. Industry/Classification
(Software-Application)
Ratio vs. Market
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
Market Value  
Price / Earning Ratio 60.93 32% F 17% F
Price/Book Ratio 16.95 11% F 5% F
Price / Cash Flow Ratio 42.96 16% F 6% F
EV/EBITDA 39.00 12% F 5% F
Management Effectiveness  
Return on Equity 29.41% 96% A 93% A
Return on Invested Capital 23.84% 91% A- 89% B+
Return on Assets 14.52% 98% A+ 97% A+
Debt to Equity Ratio 12.68% 58% F 66% D
Technical Ratios  
Dividend Yield N/A N/A N/A N/A N/A
Short Ratio 1.69 70% C- 62% D-
Short Percent 1.69% 64% D 56% F
Beta 1.07 51% F 49% F
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 97%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Annual Financials (USD)

Quarterly Financials (USD)

Analyst Ratings

Target Price Action Rating Action Analyst Rating Price Date

Discussions

User / Independent Analyst Ratings

User Name Target Rating Target Horizon (Months) Target Price User Analysis Date Comment

Fundamental Analysis Breakdown

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
High market capitalization

This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

Superior risk adjusted returns

This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.

Superior return on equity

The company management has delivered better return on equity in the most recent 4 quarters than its peers, placing it in the top quartile.

Superior capital utilization

The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.

Superior return on assets

The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

Superior Earnings Growth

This stock has shown top quartile earnings growth in the previous 5 years compared to its sector.

High Gross Profit to Asset Ratio

This stock is in the top quartile compared to its peers on Gross Profit to Asset Ratio. This is a popular measure among value investors for showing superior returns in the long run.

What to not like:
Overpriced compared to earnings

The stock is trading high compared to its peers on a price to earning basis and is above the sector median.

Overpriced compared to book value

The stock is trading high compared to its peers median on a price to book value basis.

Overpriced on cashflow basis

The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Overpriced on free cash flow basis

The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.