Based on the Cadence Design Systems Inc stock forecast from 9 analysts, the average analyst target price for Cadence Design Systems Inc is USD 315.56 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 Bullish , which is based on 10 positive signals and 4 negative signals. At the last closing, Cadence Design Systems Inc’s stock price was USD 281.76. Cadence Design Systems Inc’s stock price has changed by -6.33% over the past week, -12.70% over the past month and +32.28% over the last year.
No recent analyst target price found for Cadence Design Systems Inc
No recent average analyst rating found for Cadence Design Systems Inc
Company Overview Cadence Design Systems Inc
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 synthesis and Joules RTL power solutions, as well as Modus DFT 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 Innovus implementation system, a physical implementation system. 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 with 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 consumer, hyperscale computing, 5G communications, mobile, automotive, aerospace and defense, industrial, and life science industries. Cadence Design Systems, Inc. was incorporated in 1987 and is headquartered in San Jose, California. Read Less
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
Frequently Asked Questions About Cadence Design Systems Inc (CDNS) Stock
Based on ratings from 9 analysts Cadence Design Systems Inc's stock is Strong Buy. Stock Target Advisor's fundamental analysis is Bullish . The stock has 11 buy, sell and 5 hold ratings.
Unfortunately we do not have enough data on CDNS's stock to indicate if its a good dividend stock.
Based on targets from 9 analysts, the average taret price for CDNS is USD 315.56 over the next 12 months. The maximum analyst target price is USD 350 while the minimum anlayst target price is USD 260.
CDNS stock's Price/Earning ratio is 84.71.
Our analysis grades CDNS stock's Price / Earning ratio at F. This means that CDNS stock's Price/Earning ratio is above 81% of the stocks in the Software - Application sector in the NSD exchange.
Based on this CDNS may be a overvalued for its sector.
The last closing price of CDNS's stock was USD 281.76.
The most recent market capitalization for CDNS is USD 87.98B.
Based on targets from 9 analysts, the average taret price for CDNS is projected at USD 315.56 over the next 12 months.
This means that CDNS's stock price may go up by +12.00% over the next 12 months.
Following are ETFs with the highest allocation to Cadence Design Systems Inc's stock :
As per our most recent records Cadence Design Systems Inc has 11,200 Employees.
Cadence Design Systems Inc's registered address is Building 5, San Jose, CA, United States, 95134.
You can get more information about it from Cadence Design Systems Inc's website at https://www.cadence.com.
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Stock Target Advisor's Analysis
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
Low volatility
The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.
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.
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 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.
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.
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 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.
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.
What not to like
Overpriced compared to book value
The stock is trading high compared to its peers median on a price to book value basis.
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 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.
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