Grufity logoGrufity logo
StocksFundsSearch Filings

Cadence Design Systems Inc Stock Research

CDNS

228.33USD+3.84(+1.71%)Delayed

Market Summary

USD228.33+3.84
Delayed
1.71%

CDNS Alerts

CDNS Stock Price

CDNS RSI Chart

CDNS Valuation

Market Cap

61.5B

Price/Earnings (Trailing)

71.94

Price/Sales (Trailing)

16.71

EV/EBITDA

49.82

Price/Free Cashflow

59.12

CDNS Price/Sales (Trailing)

CDNS Profitability

EBT Margin

29.35%

Return on Equity

30.93%

Return on Assets

16.53%

Free Cashflow Yield

1.69%

CDNS Fundamentals

CDNS Revenue

Revenue (TTM)

3.7B

Revenue Y/Y

13.3%

Revenue Q/Q

13.54%

CDNS Earnings

Earnings (TTM)

855.4M

Earnings Y/Y

2.75%

Earnings Q/Q

0.59%

Price Action

52 Week Range

138.76232.14
(Low)(High)

Last 7 days

5.4%

Last 30 days

12.1%

Last 90 days

17.8%

Trailing 12 Months

53.6%

CDNS Financial Health

Current Ratio

1.27

CDNS Investor Care

Buy Backs (1Y)

1.08%

Diluted EPS (TTM)

3.13

Peers (Alternatives to Cadence Design Systems)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
2.5T
207.6B
12.70% 25.81%
35.87
11.93
7.81% -4.74%
190.7B
18.0B
14.41% 1.66%
40.25
10.59
11.50% -1.86%
-
-
-29.25% -13.98%
-
-
- -
281.0B
48.0B
11.07% 46.64%
33.56
5.86
14.66% 10.75%
217.4B
31.4B
12.49% 32.61%
1.0K
6.93
19.41% -85.60%
20.5B
4.4B
7.88% -38.07%
198.13
4.68
7.15% -92.46%
MID-CAP
2.9B
489.0M
13.36% -11.92%
-19.47
6.28
23.89% -67.60%
11.1B
809.1M
8.18% 50.50%
81.07
13.74
17.99% 15.82%
6.7B
869.9M
8.60% 1.58%
-39.92
7.66
13.87% -28.82%
2.4B
-
1.17% 7.67%
-23.16
7.93
- -
SMALL-CAP
1.1B
396.1M
29.79% 5.39%
-5.73
2.87
14.23% -99.11%
1.1B
400.9M
1.28% 74.75%
-16.18
2.66
2.63% 29.30%
92.8M
315.6M
-17.82% -77.71%
-0.5
0.29
2.89% -207.54%

Financials for Cadence Design Systems

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Revenue3.4%3,6823,5623,4353,2833,154
  S&GA Expenses4.4%631604580571568
  R&D Expenses6.6%1,2811,2011,1551,154-
Costs and Expenses4.7%2,6042,4882,3772,2922,260
EBITDA1.7%1,2001,1811,1201,034-
EBITDA Margin-1.9%0.34*0.34*0.34*0.33*-
Earnings Before Taxes1.1%1,0571,0451,029965876
EBT Margin-2.0%0.29*0.30*0.29*0.28*-
Interest Expenses22.5%28.0023.0018.0017.0017.00
Net Income0.8%855849785775744
Net Income Margin4.3%0.24*0.23*0.24*0.24*-
Free Cahsflow2.4%1,1191,0931,0971,163-
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Assets0.7%5,1725,1374,9684,3614,395
  Current Assets-0.5%1,6991,7071,6701,6581,735
    Cash Equivalents3.9%9178821,0261,0301,135
  Inventory-0.3%128128114106110
  Net PPE0.4%373371348317311
  Goodwill0.2%1,3781,3741,34867.00924
  Current Liabilities-12.3%1,1811,3481,2571,042961
Shareholder's Equity7.1%2,9412,7452,7082,6252,760
  Retained Earnings6.2%4,1373,8953,6553,4693,282
Shares Outstanding-1.2%270273271272272
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Cashflow From Operations-5.6%1,1731,2421,1941,1731,229
  Share Based Compensation5.5%285270251231217
Cashflow From Investing-2.1%-754-738-697-110-106
Cashflow From Financing9.6%-593-657-415-837-722
  Buy Backs-11.9%9251,050860820690

Risks for CDNS

What is the probability of a big loss on CDNS?

58.1%


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.

Drawdowns

Returns for CDNS

Cumulative Returns on CDNS

31.4%


10-Year Cumulative Returns

37.1%


7-Year Cumulative Returns

40.1%


5-Year Cumulative Returns

39.0%


3-Year Cumulative Returns

What are the long-term rolling returns for CDNS?

FIve years rolling returns for Cadence Design Systems.

Annualized Returns

Which funds bought or sold CDNS recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-05-23
Capital Impact Advisors, LLC
sold off
-100
-235,177
-
-%
2023-05-23
Toroso Investments, LLC
added
114
2,733,000
4,250,000
0.07%
2023-05-23
Front Row Advisors LLC
unchanged
-
4,000
16,000
0.01%
2023-05-23
Brookfield Corp /ON/
new
-
260,512
260,512
-%
2023-05-22
Raleigh Capital Management Inc.
added
43.11
31,505
67,649
0.03%
2023-05-22
American Trust
added
0.5
101,990
426,483
0.03%
2023-05-22
AMERIPRISE FINANCIAL INC
reduced
-4.8
39,022,500
198,078,000
0.06%
2023-05-22
PUTNAM INVESTMENTS LLC
reduced
-3.23
76,770,800
365,823,000
0.59%
2023-05-22
FDx Advisors, Inc.
unchanged
-
-
251,000
0.01%
2023-05-18
NEW YORK STATE COMMON RETIREMENT FUND
added
4.19
22,865,000
85,922,000
0.12%

1–10 of 42

Latest Funds Activity

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

Cadence Design Systems News

MarketBeat
Cadence Design Systems, Inc. (NASDAQ:CDNS) Shares Sold by ....
MarketBeat,
8 hours ago
Investor's Business Daily
Best Stocks
Marketscreener.com
Investor's Business Daily
Investor's Business Daily

Schedule 13G FIlings of Cadence Design Systems

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
vanguard group inc
11.78%
32,323,435
SC 13G/A
Feb 09, 2023
blackrock inc.
11.9%
32,630,669
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
Feb 11, 2021
massachusetts financial services co /ma/
8.8%
24,659,349
SC 13G/A
Feb 10, 2021
vanguard group inc
11.41%
31,833,573
SC 13G/A

CDNS Fair Value

Recent SEC filings of Cadence Design Systems

View All Filings
Date Filed Form Type Document
May 23, 2023
4
Insider Trading
May 23, 2023
SD
SD
May 22, 2023
4
Insider Trading
May 19, 2023
144
Notice of Insider Sale Intent
May 18, 2023
144
Notice of Insider Sale Intent
May 18, 2023
4
Insider Trading
May 16, 2023
144
Notice of Insider Sale Intent
May 08, 2023
4
Insider Trading
May 08, 2023
8-K
Current Report
May 08, 2023
4
Insider Trading

Latest Insider Trading transactions for CDNS

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-05-19
BECKLEY THOMAS P
acquired
1,759,250
35.185
50,000
sr. vice president
2023-05-19
BECKLEY THOMAS P
sold
-10,864,700
217
-50,000
sr. vice president
2023-05-18
BECKLEY THOMAS P
acquired
1,789,920
35.2521
50,775
sr. vice president
2023-05-18
BECKLEY THOMAS P
sold
-15,909,800
209
-76,003
sr. vice president
2023-05-16
TAN LIP BU
sold
-8,608,570
202
-42,500
-
2023-05-16
TAN LIP BU
acquired
1,308,580
30.79
42,500
-
2023-05-04
Adams Mark
gifted
-
-
-1,473
-
2023-05-04
SHOVEN JOHN B
gifted
-
-
1,473
-
2023-05-04
SHOVEN JOHN B
acquired
-
-
1,073
-
2023-05-04
PLUMMER JAMES D
gifted
-
-
1,473
-

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

2023-03-31
Condensed Consolidated Income Statements - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Apr. 02, 2022
Revenues [Abstract]  
Revenue$ 1,021,690$ 901,766
Costs and Expenses:  
Marketing and sales166,666140,186
Research and development350,295290,895
General and administrative53,52748,937
Amortization of acquired intangibles4,2674,964
Restructuring012
Total costs and expenses699,227582,837
Income from operations322,463318,929
Interest expense(9,260)(4,108)
Other income (expense), net8,284(4,900)
Income before provision for income taxes321,487309,921
Provision for income taxes79,68374,586
Net income$ 241,804$ 235,335
Net income per share - basic (usd per share)$ 0.90$ 0.86
Net Income per share - diluted (usd per share)$ 0.89$ 0.85
Weighted average common shares outstanding - basic (in shares)269,501272,431
Weighted average common shares outstanding - diluted (in shares)273,159276,918
Product and maintenance [Member]  
Revenues [Abstract]  
Revenue$ 963,742$ 846,244
Costs and Expenses:  
Cost of sales100,23872,795
Service [Member]  
Revenues [Abstract]  
Revenue57,94855,522
Costs and Expenses:  
Cost of sales$ 24,234$ 25,048

CDNS Balance Sheet

2023-03-31
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:  
Cash and cash equivalents$ 916,963$ 882,325
Receivables, net488,237486,710
Inventories127,566128,005
Prepaid expenses and other165,778209,727
Total current assets1,698,5441,706,767
Property, plant and equipment, net372,956371,451
Goodwill1,377,6251,374,268
Acquired intangibles, net341,738354,617
Deferred taxes864,750853,691
Other assets516,006476,277
Total assets5,171,6195,137,071
Current liabilities:  
Revolving credit facility30,000100,000
Accounts payable and accrued liabilities430,135557,158
Current portion of deferred revenue721,246690,538
Total current liabilities1,181,3811,347,696
Long-term liabilities:  
Long-term portion of deferred revenue102,51591,524
Long-term debt648,301648,078
Other long-term liabilities298,546304,660
Total long-term liabilities1,049,3621,044,262
Commitments and contingencies
Stockholders’ equity:  
Common stock and capital in excess of par value2,878,7492,765,673
Treasury stock, at cost(3,987,528)(3,824,163)
Retained earnings4,137,0443,895,240
Accumulated other comprehensive loss(87,389)(91,637)
Total stockholders’ equity2,940,8762,745,113
Total liabilities and stockholders’ equity$ 5,171,619$ 5,137,071