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CDNS

CDNS - Cadence Design Systems Inc Stock Price, Fair Value and News

309.45USD+3.60 (+1.18%)Delayed as of 15 Apr 2024, 10:00 am ET

Market Summary

CDNS
USD309.45+3.60
Delayedas of 15 Apr 2024, 10:00 am
1.18%

CDNS Alerts

  • 7 major insider sales recently.

CDNS Stock Price

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CDNS RSI Chart

CDNS Valuation

Market Cap

83.3B

Price/Earnings (Trailing)

80

Price/Sales (Trailing)

20.37

EV/EBITDA

56.23

Price/Free Cashflow

66.8

CDNS Price/Sales (Trailing)

CDNS Profitability

EBT Margin

31.34%

Return on Equity

30.58%

Return on Assets

18.36%

Free Cashflow Yield

1.5%

CDNS Fundamentals

CDNS Revenue

Revenue (TTM)

4.1B

Rev. Growth (Yr)

18.75%

Rev. Growth (Qtr)

4.45%

CDNS Earnings

Earnings (TTM)

1.0B

Earnings Growth (Yr)

34.74%

Earnings Growth (Qtr)

27.36%

Breaking Down CDNS Revenue

52 Week Range

194.01309.58
(Low)(High)

Last 7 days

-0.7%

Last 30 days

-0.1%

Last 90 days

14.0%

Trailing 12 Months

41.0%

How does CDNS drawdown profile look like?

CDNS Financial Health

Current Ratio

1.24

CDNS Investor Care

Buy Backs (1Y)

0.26%

Diluted EPS (TTM)

3.82

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20233.7B3.8B3.9B4.1B
20223.2B3.3B3.4B3.6B
20212.8B2.9B3.0B3.0B
20202.4B2.4B2.5B2.7B
20192.2B2.3B2.3B2.3B
20182.0B2.0B2.1B2.1B
20171.8B1.9B1.9B1.9B
20161.7B1.8B1.8B1.8B
20151.6B1.7B1.7B1.7B
20141.5B1.5B1.5B1.6B
20131.4B1.4B1.4B1.5B
20121.2B1.2B1.3B1.3B
2011980.1M1.0B1.1B1.1B
2010868.3M885.4M907.2M936.0M
20090976.6M914.6M852.6M
20080001.0B
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Tracking the Latest Insider Buys and Sells of Cadence Design Systems Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Apr 01, 2024
cunningham paul
sold
-310,460
310
-1,000
sr. vice president
Apr 01, 2024
nisewaner karna
sold
-186,276
310
-600
svp & general counsel
Mar 28, 2024
wall john m
sold
-6,757,340
311
-21,700
sr. vp & cfo
Mar 18, 2024
devgan anirudh
sold
-14,681,200
302
-48,533
president and ceo
Mar 18, 2024
nisewaner karna
sold (taxes)
-96,899
300
-322
svp & general counsel
Mar 18, 2024
zaman aneel
sold
-7,137,110
302
-23,592
sr. vice president
Mar 15, 2024
devgan anirudh
sold (taxes)
-14,687,700
298
-49,215
president and ceo
Mar 15, 2024
nisewaner karna
sold (taxes)
-277,251
298
-929
svp & general counsel
Mar 15, 2024
wall john m
acquired
-
-
11,206
sr. vp & cfo
Mar 15, 2024
zaman aneel
acquired
-
-
10,138
sr. vice president

1–10 of 50

Which funds bought or sold CDNS recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Apr 11, 2024
Shilanski & Associates, Inc.
reduced
-6.03
117,975
1,712,970
0.59%
Apr 11, 2024
RFG Advisory, LLC
reduced
-2.24
62,686
597,359
0.02%
Apr 11, 2024
Fortitude Family Office, LLC
unchanged
-
3,930
31,439
0.02%
Apr 11, 2024
MJP ASSOCIATES INC /ADV
added
26.76
216,923
700,380
0.15%
Apr 11, 2024
Cooper Financial Group
added
1.00
235,950
1,765,580
0.29%
Apr 11, 2024
CONGRESS ASSET MANAGEMENT CO /MA
reduced
-0.24
1,138,310
9,263,380
0.07%
Apr 11, 2024
Ballentine Partners, LLC
added
1.38
84,590
617,891
0.01%
Apr 11, 2024
CENTRAL BANK & TRUST CO
unchanged
-
1,012
8,093
-%
Apr 11, 2024
Liberty Capital Management, Inc.
reduced
-2.29
270,230
2,586,740
0.64%
Apr 11, 2024
Guinness Asset Management LTD
unchanged
-
72,157
577,464
0.01%

1–10 of 50

Are Funds Buying or Selling CDNS?

Are funds buying CDNS calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own CDNS
No. of Funds

Unveiling Cadence Design Systems Inc's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2024
vanguard group inc
9.01%
24,503,387
SC 13G/A
Jan 31, 2024
blackrock inc.
11.2%
30,577,232
SC 13G/A
Feb 09, 2023
blackrock inc.
11.9%
32,630,669
SC 13G/A
Feb 09, 2023
vanguard group inc
11.78%
32,323,435
SC 13G/A
Feb 08, 2023
massachusetts financial services co /ma/
4.0%
10,897,413
SC 13G/A
Jan 26, 2023
blackrock inc.
11.9%
32,630,669
SC 13G/A
Jan 20, 2023
blackrock inc.
11.9%
32,630,669
SC 13G/A
Feb 09, 2022
vanguard group inc
11.32%
31,373,044
SC 13G/A
Feb 07, 2022
blackrock inc.
11.4%
31,520,631
SC 13G/A
Feb 02, 2022
massachusetts financial services co /ma/
7.0%
19,361,368
SC 13G/A

Recent SEC filings of Cadence Design Systems Inc

View All Filings
Date Filed Form Type Document
Apr 10, 2024
DEFA14A
DEFA14A
Apr 03, 2024
4
Insider Trading
Apr 03, 2024
4
Insider Trading
Apr 02, 2024
4
Insider Trading
Apr 01, 2024
144
Notice of Insider Sale Intent
Apr 01, 2024
144
Notice of Insider Sale Intent
Mar 28, 2024
144
Notice of Insider Sale Intent
Mar 21, 2024
4
Insider Trading
Mar 21, 2024
ARS
ARS
Mar 21, 2024
DEF 14A
DEF 14A

Peers (Alternatives to Cadence Design Systems Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
285.5B
34.9B
-3.41% 51.68%
69.02
8.19
11.18% 1888.46%
156.3B
37.3B
-3.80% 139.44%
82.84
4.19
16.95% 120.64%
50.7B
5.3B
-8.44% 20.66%
55.25
9.48
9.15% 48.14%
29.1B
2.3B
1.50% 4.52%
58.13
12.82
9.90% -4.45%
18.4B
4.5B
-9.98% -12.21%
28.9
4.07
3.06% 514.65%
MID-CAP
7.9B
620.4M
-1.93% 72.11%
2.9K
12.72
31.48% 103.97%
7.2B
4.4B
2.74% 87.60%
-21.24
1.64
7.53% 78.52%
3.4B
970.0M
0.90% -15.87%
-19.13
3.53
13.46% 43.89%
3.4B
881.7M
-9.63% 38.63%
42.16
3.84
4.64% 44.42%
2.7B
296.4M
-26.14% 0.63%
-9.95
9.12
11.14% -3.59%
2.3B
228.1M
9.35% -0.82%
25.82
9.88
18.99% 599.09%
SMALL-CAP
1.2B
413.5M
0.63% -1.64%
92.02
2.88
-1.65% -71.35%
190.8M
572.4M
-37.25% -85.17%
-0.96
0.33
-19.38% -489.49%
186.4M
119.1M
-16.27% -53.82%
-20.23
1.57
24.27% 36.31%
161.0M
31.3M
58.63% 96.98%
-27.43
5.14
4.69% 43.72%

Cadence Design Systems Inc News

Latest updates
MarketBeat97 minutes ago

Cadence Design Systems Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue4.5%1,0691,0239771,022900903858902773751728736760667638618600580580577570
Costs and Expenses0.3%732730677699689642575583577557543532575497486479491459447448456
  S&GA Expenses2.4%180176167167172153139140148143136133147124120126127121116117113
  R&D Expenses-100.0%-370354350-324287291-289285271-251251242-----
EBITDA Margin7.3%0.36*0.33*0.33*0.33*0.34*0.34*0.34*0.33*0.31*0.31*0.31*0.31*0.30*0.28*0.27*0.26*0.27*0.27*0.27*--
Interest Expenses-0.8%9.009.009.009.009.005.004.004.004.004.004.004.005.005.006.005.004.004.005.005.004.00
Income Taxes-16.4%38.0046.0077.0080.00-29.8766.0086.0075.0017.0012.0027.0015.0012.004.0019.006.00-55415.0021.008.0010.00
Earnings Before Taxes20.7%362300298321211252273310194189183202186166151130105117129128109
EBT Margin8.7%0.31*0.29*0.28*0.29*0.29*0.30*0.29*0.28*0.26*0.26*0.26*0.25*0.24*0.22*0.21*0.20*0.21*0.21*0.21*--
Net Income27.4%32425422124224018618723517717615618717416213112466010210712198.00
Net Income Margin4.2%0.25*0.24*0.23*0.23*0.24*0.23*0.24*0.24*0.23*0.23*0.23*0.23*0.22*0.43*0.42*0.42*0.42*0.19*0.19*--
Free Cashflow-36.2%238374394241227273300318201277366191104186324196132122231--
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets4.4%5,6695,4315,1555,1725,1374,9684,3614,3954,3864,2144,1233,9993,9514,1403,9993,7683,3572,6622,6122,5462,469
  Current Assets8.3%1,9761,8241,6431,6991,7071,6701,6581,7351,7161,5431,4571,3501,4791,7361,6401,4001,1691,050979918951
    Cash Equivalents4.8%1,0089628749178821,0261,0301,1351,0891,0148477439281,3071,189946705655633539533
  Inventory11.0%18216414012812811410611011610290.0077.0076.0048.0044.0061.0056.0067.0049.0037.0028.00
  Net PPE6.2%403380370373371348317311306303302305311288283281276259258253253
  Goodwill4760.3%1,53632.001,4291,3781,3741,34867.0092492892693017.00782781779779662662663663-
  Current Liabilities25.8%1,5911,2641,1961,1811,3481,2571,0429619719079277927971,1181,1521,012672619610631709
Shareholder's Equity9.3%3,4043,1142,9082,9412,7452,7082,6252,7602,7412,6312,5172,5422,4932,3962,2572,1582,1031,4801,4311,3661,288
  Retained Earnings7.0%4,9364,6124,3584,1373,8953,6553,4693,2823,0462,8702,6932,5382,3502,1772,0151,8841,7621,1021,000893773
Accumulated Depreciation------------------730720713698
Shares Outstanding0.9%272269270270273272272272274273274274274274273273273273273--
Float---63,740---40,982---38,179---26,162---19,838--
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
(In Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations-31.3%272396414267264317325337216296380208136207345218159139246185132
  Share Based Compensation-1.5%87.0088.0077.0074.0073.0073.0064.0059.0054.0053.0051.0053.0059.0045.0047.0046.0047.0048.0044.0042.0043.00
Cashflow From Investing46.3%-98.68-183-94.07-35.67-64.18-605-49.07-19.88-23.08-18.08-45.57-206-30.85-22.65-22.65-216-27.08-16.96-15.68-45.99-132
Cashflow From Financing-20.3%-137-114-354-197-357313-352-260-115-108-237-182-501-79.08-80.79246-86.87-88.06-134-134-7.61
  Buy Backs0.0%12512532512530015035025011011022017213075.0075.0010075.0075.0075.0081.00100

CDNS Income Statement

2023-12-31
Consolidated Income Statements - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Jan. 01, 2022
Revenue:   
Total revenue$ 4,089,986$ 3,561,718$ 2,988,244
Costs and expenses:   
Marketing and sales690,319604,224560,262
Research and development1,441,7961,251,5441,134,277
General and administrative242,430242,116189,018
Amortization of acquired intangibles18,16218,47019,640
Restructuring11,01355(1,048)
Total costs and expenses2,838,7612,488,0322,209,155
Income from operations1,251,2251,073,686779,089
Interest expense(36,185)(22,934)(16,980)
Other income (expense), net66,886(5,389)6,326
Income before provision for income taxes1,281,9261,045,363768,435
Provision for income taxes240,782196,41172,480
Net income$ 1,041,144$ 848,952$ 695,955
Net income per share - basic (in usd per share)$ 3.86$ 3.13$ 2.54
Net income per share - diluted (in usd per share)$ 3.82$ 3.09$ 2.50
Weighted average common shares outstanding - basic (shares)269,381271,198273,504
Weighted average common shares outstanding - diluted (shares)272,748275,011278,858
Product and maintenance   
Revenue:   
Total revenue$ 3,834,359$ 3,340,197$ 2,812,947
Costs and expenses:   
Cost of sales331,760273,565222,647
Services   
Revenue:   
Total revenue255,627221,521175,297
Costs and expenses:   
Cost of sales$ 103,281$ 98,058$ 84,359

CDNS Balance Sheet

2023-12-31
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:  
Cash and cash equivalents$ 1,008,152$ 882,325
Receivables, net489,224486,710
Inventories181,661128,005
Prepaid expenses and other297,180209,727
Total current assets1,976,2171,706,767
Property, plant and equipment, net403,213371,451
Goodwill1,535,8451,374,268
Acquired intangibles, net336,843354,617
Deferred taxes880,001853,691
Other assets537,372476,277
Total assets5,669,4915,137,071
Current liabilities:  
Revolving credit facility0100,000
Current portion of long-term debt349,2850
Accounts payable and accrued liabilities576,558557,158
Current portion of deferred revenue665,024690,538
Total current liabilities1,590,8671,347,696
Long-term liabilities:  
Long-term portion of deferred revenue98,93191,524
Long-term debt299,771648,078
Other long-term liabilities275,651304,660
Total long-term liabilities674,3531,044,262
Commitments and contingencies
Stockholders' equity:  
Preferred stock – $0.01 par value; authorized 400 shares, none issued or outstanding00
Common stock – $0.01 par value; authorized 600,000 shares; issued and outstanding shares: 271,706 and 272,675, respectively3,166,9642,765,673
Treasury stock, at cost; 57,453 shares and 56,485 shares, respectively(4,604,323)(3,824,163)
Retained earnings4,936,3843,895,240
Accumulated other comprehensive loss(94,754)(91,637)
Total stockholders’ equity3,404,2712,745,113
Total liabilities and stockholders’ equity$ 5,669,491$ 5,137,071
CDNS
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 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 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.
 CEO
 WEBSITEcadence.com
 INDUSTRYSoftware - Apps
 EMPLOYEES10200

Cadence Design Systems Inc Frequently Asked Questions


What is the ticker symbol for Cadence Design Systems Inc? What does CDNS stand for in stocks?

CDNS is the stock ticker symbol of Cadence Design Systems Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Cadence Design Systems Inc (CDNS)?

As of Fri Apr 12 2024, market cap of Cadence Design Systems Inc is 83.29 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of CDNS stock?

You can check CDNS's fair value in chart for subscribers.

What is the fair value of CDNS stock?

You can check CDNS's fair value in chart for subscribers. The fair value of Cadence Design Systems Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Cadence Design Systems Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for CDNS so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Cadence Design Systems Inc a good stock to buy?

The fair value guage provides a quick view whether CDNS is over valued or under valued. Whether Cadence Design Systems Inc is cheap or expensive depends on the assumptions which impact Cadence Design Systems Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for CDNS.

What is Cadence Design Systems Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri Apr 12 2024, CDNS's PE ratio (Price to Earnings) is 80 and Price to Sales (PS) ratio is 20.37. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. CDNS PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Cadence Design Systems Inc's stock?

In the past 10 years, Cadence Design Systems Inc has provided 0.355 (multiply by 100 for percentage) rate of return.