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CDNS

163.66USD-2.80(-1.68%)Market Closed

Cadence Design Systems Inc

Market Summary

USD163.66-2.80Market Closed
-1.68%

CDNS Alerts

CDNS Stock Price

RSI Chart

Valuation

Market Cap

41.1B

Price/Earnings

52.39

Price/Sales

11.97

Price/Cashflow

34.44

MarketCap/EBT

39.97

Price/Sales

Profitability

EBT Margin

29.95%

Return on Equity

28.99%

Return on Assets

15.8%

Fundamentals

Revenue

Revenue (TTM)

3.5B

Revenue Y/Y

20.2%

Revenue Q/Q

5.25%

Earnings

Earnings (TTM)

785.1M

Earnings Y/Y

5.67%

Earnings Q/Q

-0.33%

Price Action

52 Week Range

132.32194.97
(Low)(High)

Last 7 days

0.1%

Last 30 days

14.9%

Last 90 days

-4.2%

Trailing 12 Months

-7.6%

Financial Health

Current Ratio

1.33

Investor Care

Buy Backs (1Y)

0.76%

Diluted EPS (TTM)

2.95

Peers (Alternatives to Cadence Design Systems)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
1.8T
203.1B
11.03% -24.15%
25.2
8.66
15.22% 2.81%
208.6B
44.2B
3.83% -9.74%
35.9
4.72
8.12% -58.36%
163.0B
30.3B
-4.65% -48.49%
304.14
5.56
21.26% -84.01%
151.4B
17.2B
15.89% -46.76%
31.46
8.81
13.86% -17.57%
25.1B
4.3B
-7.73% -61.54%
25.38
5.85
11.14% -39.03%
12.1B
693.1M
-3.12% 59.08%
44.35
17.39
-2.84% -14.76%
MID-CAP
9.6B
631.5M
-1.97% 16.85%
-45.68
15.19
33.30% -26.60%
7.5B
740.5M
7.01% -21.78%
67.22
10.14
15.84% 1.13%
5.0B
812.6M
6.00% -50.48%
-33.17
6.14
9.33% -463.42%
3.6B
421.7M
-5.07% -46.46%
-29.08
8.53
27.49% -161.02%
2.6B
506.4M
0.39% 55.58%
-71.14
5.11
10.10% -203.10%
2.4B
308.3M
1.17% 7.67%
-23.19
7.94
13.75% -232.84%
SMALL-CAP
991.7M
371.9M
-2.04% -61.67%
-8.92
2.67
15.01% -44.50%
653.0M
399.9M
22.20% -38.96%
-6.96
1.63
4.73% 8.15%
246.7M
310.7M
-15.31% -67.99%
-4.28
0.79
2.66% -1.77%

Financials for Cadence Design Systems

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q32021Q2
Revenue6.0%3,5493,3473,1752,9542,841
  S&GA Expenses2.3%577564559550523
  R&D Expenses4.0%1,2011,1551,1541,1271,076
Earnings Before Taxes6.6%1,029965876761
Net Income1.3%785775744693
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets13.9%4,9684,3614,3954,3864,214
  Current Assets0.8%1,6701,6581,7351,7161,543
    Cash Equivalents-0.3%1,0261,0301,1351,0891,014
  Inventory-116----
  Net PPE9.9%348317311306303
  Goodwill45.9%1,348924924928926
  Current Liabilities20.6%1,2571,042961971907
Shareholder's Equity3.2%2,7082,6252,7602,7412,631
  Retained Earnings5.4%3,6553,4693,2823,0462,870
Shares Outstanding-0.1%271272272277273
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations1.8%1,1941,1731,2291,1011,021
  Share Based Compensation9.0%251231217210214
Cashflow From Investing-533.5%-697.54-110.11-106.60-292.95-300.73
Cashflow From Financing50.4%-415.55-837.78-722.21-643.79-1,029.32
  Buy Backs4.9%860820690612632

Risks

What is the probability of a big loss on CDNS?

53.9%


Probability that Cadence Design Systems stock will be more than 20% underwater in next one year

18.1%


Probability that Cadence Design Systems stock will be more than 30% underwater in next one year.

0%


Probability that Cadence Design Systems stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does CDNS drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Cadence Design Systems was unfortunately bought at previous high price.

Returns

Cumulative Returns on CDNS

28.9%


10-Year Cumulative Returns

33.6%


7-Year Cumulative Returns

30.3%


5-Year Cumulative Returns

34.6%


3-Year Cumulative Returns

What are the long-term rolling returns for CDNS?

FIve years rolling returns for Cadence Design Systems.

Which funds bought or sold CDNS recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-29
London & Capital Asset Management Ltd
REDUCED
-19.14
-2,314,000
17,093,000
1.60%
2022-11-23
Toroso Investments, LLC
ADDED
83.99
1,305,000
2,605,000
0.11%
2022-11-22
CVA Family Office, LLC
ADDED
1,160
47,000
51,000
0.01%
2022-11-22
Capital Impact Advisors, LLC
REDUCED
-12.14
-10,000
219,000
0.22%
2022-11-22
B. Riley Wealth Advisors, Inc.
ADDED
24.67
234,000
885,000
0.03%
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
12,927,000
12,927,000
0.15%
2022-11-21
Parallax Volatility Advisers, L.P.
ADDED
217.59
2,581,000
3,630,000
0.01%
2022-11-21
FourThought Financial, LLC
ADDED
2.04
13,000
123,000
0.02%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
REDUCED
-1.52
5,019,000
73,982,000
0.12%
2022-11-18
Industrial Alliance Investment Management Inc.
ADDED
2.5
370,000
3,535,000
0.10%

1–10 of 43

Latest Funds Activity

Are funds buying CDNS calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own CDNS

Cadence Design Systems News

MarketWatch

Cognizant Technology Solutions Corp. stock outperforms market despite losses on the day.16 hours ago

CDNS Fair Value

Cadence Design Systems fair value in different scenarios

The table shows the Fair Value estimates for Cadence Design Systems for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

47.02

-71.27%

76.21

-53.43%

100.13

-38.82%

124.34

-24.03%

150.18

-8.24%

Current Inflation

42.65

-73.94%

67.50

-58.76%

87.01

-46.83%

107.33

-34.42%

128.69

-21.37%

Very High Inflation

37.32

-77.20%

57.21

-65.04%

71.87

-56.09%

87.84

-46.33%

104.27

-36.29%

Historical Cadence Design Systems Fair Value Estimates


Recent SEC filings of Cadence Design Systems

View All Filings
Date Filed Form Type Document
Nov 22, 2022
4
Insider Trading
Nov 08, 2022
4
Insider Trading
Oct 25, 2022
4
Insider Trading
Oct 24, 2022
10-Q
Quarterly Report
Oct 24, 2022
8-K
Current Report
Oct 18, 2022
4
Insider Trading
Oct 07, 2022
4
Insider Trading
Sep 28, 2022
4
Insider Trading
Sep 23, 2022
4
Insider Trading
Sep 19, 2022
3
Insider Trading

Latest Insider Trading transactions for CDNS

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-11-30
SOHN YOUNG
SOLD
-1,660,000
166
-10,000
-
2022-11-30
SOHN YOUNG
ACQUIRED
143,600
14.36
10,000
-
2022-11-21
TAN LIP BU
SOLD
-6,506,400
162.66
-40,000
-
2022-11-07
Cunningham Paul
SOLD
-35,907.5
143.63
-250
Sr. Vice President
2022-10-21
TAN LIP BU
SOLD
-6,244,480
156.112
-40,000
-
2022-10-17
TAN LIP BU
SOLD
-7,733,060
154.661
-50,000
-
2022-10-17
TAN LIP BU
ACQUIRED
980,000
19.6
50,000
-
2022-09-26
Adams Mark
SOLD
-977,890
162.982
-6,000
-
2022-09-21
TAN LIP BU
SOLD
-6,750,250
168.756
-40,000
-
2022-09-19
FLAMINIA ALINKA
SOLD (Taxes)
-602,796
163.05
-3,697
Sr. VP, Chief Legal Officer

1–10 of 50

Anirudh Devgan
9300
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.

CDNS Income Statement

2022-10-01
Condensed Consolidated Income Statements - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended9 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 01, 2022
Oct. 02, 2021
Revenues [Abstract]    
Revenues$ 902,554$ 750,895$ 2,661,841$ 2,215,208
Costs and Expenses:    
Marketing and sales152,925143,401432,407412,194
Research and development323,629289,105901,121845,324
General and administrative73,68842,990174,051123,275
Amortization of acquired intangibles3,9465,00013,54314,661
Restructuring14(222)42(968)
Total costs and expenses641,802556,8611,799,2721,631,799
Income from operations260,752194,034862,569583,409
Interest expense(5,463)(4,196)(13,852)(12,729)
Other income (expenses), net(3,017)(1,143)(13,879)3,701
Income before provision for income taxes252,272188,695834,838574,381
Provision for income taxes65,96712,388226,27855,005
Net income$ 186,305$ 176,307$ 608,560$ 519,376
Net income per share - basic (usd per share)$ 0.69$ 0.65$ 2.24$ 1.90
Net Income per share - diluted (usd per share)$ 0.68$ 0.63$ 2.21$ 1.86
Weighted average common shares outstanding - basic (in shares)271,131273,194271,694273,636
Weighted average common shares outstanding - diluted (in shares)274,957278,311275,683279,046
Product and maintenance [Member]    
Revenues [Abstract]    
Revenues$ 845,788$ 706,160$ 2,494,317$ 2,093,098
Costs and Expenses:    
Cost of sales62,35154,185203,863174,933
Service [Member]    
Revenues [Abstract]    
Revenues56,76644,735167,524122,110
Costs and Expenses:    
Cost of sales$ 25,249$ 22,402$ 74,245$ 62,380

CDNS Balance Sheet

2022-10-01
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Oct. 01, 2022
Jan. 01, 2022
Current assets:  
Cash and cash equivalents$ 1,026,051$ 1,088,940
Receivables, net391,181337,596
Inventories114,283115,721
Prepaid expenses and other138,968173,512
Total current assets1,670,4831,715,769
Property, plant and equipment, net348,238305,911
Goodwill1,348,494928,358
Acquired intangibles, net353,912233,265
Deferred taxes783,315763,770
Other assets463,645439,226
Total assets4,968,0874,386,299
Current liabilities:  
Revolving credit facility150,0000
Accounts payable and accrued liabilities454,688417,283
Current portion of deferred revenue652,306553,942
Total current liabilities1,256,994971,225
Long-term liabilities:  
Long-term portion of deferred revenue102,167101,148
Long-term debt647,799347,588
Other long-term liabilities252,999225,663
Total long-term liabilities1,002,965674,399
Commitments and contingencies
Stockholders’ equity:  
Common stock and capital in excess of par value2,697,6322,467,701
Treasury stock, at cost(3,522,219)(2,740,003)
Retained earnings3,654,8483,046,288
Accumulated other comprehensive loss(122,133)(33,311)
Total stockholders’ equity2,708,1282,740,675
Total liabilities and stockholders’ equity$ 4,968,087$ 4,386,299