On Friday 03/17/2023 the closing price of the Cadence Design Systems Inc. share was $206.88 on NAS.
Compared to the opening price on Friday 03/17/2023 on NAS of $206.78, this is a gain of 0.05%.
Cadence Design Systems Inc.'s market capitalization is $55.42 B by 272.94 M shares outstanding.
Is Cadence Design Systems stock a Buy, Sell or Hold?
Cadence Design Systems stock has received a consensus rating of buy. The average rating score is and is based on 24 buy ratings, 5 hold ratings, and 0 sell ratings.What was the 52-week low for Cadence Design Systems stock?
The low in the last 52 weeks of Cadence Design Systems stock was 132.40. According to the current price, Cadence Design Systems is 156.25% away from the 52-week low.What was the 52-week high for Cadence Design Systems stock?
The high in the last 52 weeks of Cadence Design Systems stock was 209.49. According to the current price, Cadence Design Systems is 98.75% away from the 52-week high.What are analysts forecasts for Cadence Design Systems stock?
The 29 analysts offering price forecasts for Cadence Design Systems have a median target of 192.72, with a high estimate of 235.00 and a low estimate of 156.00. The median estimate represents a 107.35 difference from the last price of 206.88.Cadence Design Systems Stock Snapshot
206.87
Bid
100.00
Bid Size
206.88
Ask
2,600.00
Ask Size
3/17/2023
Date
8:00 PM
Time
2.92 M
Volume
207.82
Prev. Close
206.78
Open
55.42 B
Market Cap
272.94 M
Number of Shares
205.49
Day Low
209.49
Day High
206.88
132.40
52 Week Low
209.49
52 Week High
206.88
0.66
Dividend Yield
37.88
P/E Ratio
98.94
Free Float in %
4.99
EPS 2023
12.68
Book Value per Share
5.10
Cash Flow per Share
Cadence Design Systems News More News
Cadence Design Systems Historical Prices
| Date | Open | Close | Daily High | Daily Low |
|---|
Price change over selected period:
0%
0
Cadence Design Systems Analyst Data
Total Analysts: 29
Analyst: {{ANALYST_DATA}}
Price-Target: {{PRICE_DATA}}
Rating: {{RATING_DATA}}
Price-Target: {{PRICE_DATA}}
Rating: {{RATING_DATA}}
Price
*Price Target
Lowest: 156.00
Median: 192.72
Highest: 235.00
*The average price target includes all analyst analysis, not just the most recent analysis presented in the chart.
Cadence Design Systems Analyst Opinions
- All
- Buy
- Hold
- Sell
| 02/15/23 | Deutsche Bank | Maintained Buy | $222 | ||
| 02/14/23 | Wells Fargo & Co | Maintained Buy | $215 | ||
| 02/14/23 | Baird Patrick & Co | Maintained Buy | $215 | ||
| 02/14/23 | Rosenblatt | Maintained Buy | $200 | ||
| 02/14/23 | Needham & Company, LLC | Maintained Buy | $235 | ||
| 02/14/23 | Bank of America Merrill Lynch | Maintained Buy | $225 | ||
| 01/17/23 | Atlantic Equities | Upgraded to Buy | $200 | ||
| 12/16/22 | Bank of America Merrill Lynch | Upgraded to Buy | $205 | ||
| 10/24/22 | Rosenblatt | Maintained Buy | $175 | ||
| 09/29/22 | Deutsche Bank | Maintained Buy | $200 | ||
| 09/08/22 | Stifel, Nicolaus & Co., Inc. | Maintained Buy | $200 | ||
| 08/17/22 | Wolfe Research | Maintained Buy | $210 | ||
| 07/26/22 | Rosenblatt | Maintained Buy | $185 | ||
| 07/26/22 | Needham & Company, LLC | Maintained Buy | $200 | ||
| 06/29/22 | Bank of America Merrill Lynch | Upgraded to Hold | $175 | ||
| 04/26/22 | UBS | Maintained Hold | $180 | ||
| 04/26/22 | Needham & Company, LLC | Maintained Buy | $193 | ||
| 02/23/22 | J.P. Morgan | Maintained Hold | $175 | ||
| 02/23/22 | Berenberg | Upgraded to Buy | $180 | ||
| 02/23/22 | Rosenblatt | Maintained Buy | $180 | ||
| 12/21/21 | Wells Fargo & Co | Maintained Buy | $205 | ||
| 12/14/21 | J.P. Morgan | Downgraded to Hold | $185 | ||
| 10/26/21 | Wells Fargo & Co | Maintained Buy | $190 | ||
| 10/26/21 | Credit Suisse | Maintained Hold | $175 | ||
| 10/26/21 | Needham & Company, LLC | Maintained Buy | $185 | ||
| 10/21/21 | Wells Fargo & Co | Maintained Buy | $175 | ||
| 10/20/21 | Needham & Company, LLC | Maintained Buy | $183 | ||
| 06/25/21 | Rosenblatt | Maintained Buy | $156 | ||
| 04/20/21 | Wells Fargo & Co | Maintained Buy | $165 |
Cadence Design Systems Estimates* in USD
| 2023 | 2024 | 2025 | 2026 | 2027 | |
|---|---|---|---|---|---|
| Revenue | 4,028 | 4,456 | 4,964 | 5,598 | 6,211 |
| Dividend | - | - | 0.00 | - | - |
| Dividend Yield (in %) | 0.66 % | - | - | - | - |
| EPS | 4.99 | 5.63 | 6.43 | - | - |
| P/E Ratio | 41.93 | 37.20 | 32.54 | - | - |
| EBIT | 1,662 | 1,881 | 2,214 | - | - |
| EBITDA | 1,792 | 2,027 | 2,340 | - | - |
| Net Profit | 1,353 | 1,534 | 1,793 | - | - |
| Net Profit Adjusted | 1,353 | 1,534 | 1,793 | - | - |
| Pre-Tax Profit | 1,638 | 1,853 | 2,194 | - | - |
| Net Profit (Adjusted) | 1,213 | 1,419 | 1,741 | - | - |
| EPS (Non-GAAP) ex. SOE | 4.95 | 5.75 | 6.62 | - | - |
| EPS (GAAP) | 3.41 | 3.97 | 4.88 | - | - |
| Gross Income | 3,658 | 4,037 | 4,517 | - | - |
| Cash Flow from Investing | -128 | -150 | -120 | - | - |
| Cash Flow from Operations | 1,398 | 1,689 | 1,897 | - | - |
| Cash Flow from Financing | -785 | -855 | -510 | - | - |
| Cash Flow per Share | 5.10 | 6.15 | 7.25 | - | - |
| Free Cash Flow | 1,283 | 1,539 | 1,793 | 2,022 | 2,259 |
| Free Cash Flow per Share | 4.92 | 5.74 | 6.87 | 5.82 | - |
| Book Value per Share | 12.68 | 15.16 | 18.38 | - | - |
| Net Debt | -757 | -1,821 | -3,062 | -4,603 | -6,352 |
| Research & Development Exp. | 1,223 | 1,334 | 1,472 | - | - |
| Capital Expenditure | 118 | 121 | 109 | - | - |
| Selling, General & Admin. Exp. | 660 | 664 | - | - | - |
| Shareholder’s Equity | 3,419 | 4,276 | 5,446 | - | - |
| Total Assets | 5,764 | 6,948 | 8,118 | - | - |
|
Previous Quarter ending 12/31/22 |
Current Quarter ending 03/31/23 |
Next Quarter ending 06/30/23 |
Current Year ending 12/31/23 |
Next Year ending 12/31/24 |
|
|---|---|---|---|---|---|
| Earnings Estimates | |||||
| No. of Analysts | 11 | 11 | 11 | 13 | 11 |
| Average Estimate | 0.919 USD | 1.255 USD | 1.256 USD | 4.991 USD | 5.626 USD |
| Year Ago | 0.820 USD | 1.170 USD | 1.080 USD | 4.270 USD | 4.991 USD |
| Publish Date | 2/13/2023 | 4/24/2023 | 7/24/2023 | - | - |
| Revenue Estimates | |||||
| No. of Analysts | 11 | 11 | 11 | 14 | 11 |
| Average Estimate | 885 USD | 1,005 USD | 1,004 USD | 4,028 USD | 4,456 USD |
| Year Ago | 773 USD | 902 USD | 858 USD | 3,562 USD | 4,028 USD |
| Publish Date | 2/13/2023 | 4/24/2023 | 7/24/2023 | - | - |
* Average Estimates in Million (e.g. Revenue) or per share (e.g. Dividend). Source: FactSet
Cadence Design Systems Insider Activity
| Name | Date | shares traded | shares held | Price | type (sell/buy) | option |
|---|---|---|---|---|---|---|
| WALL JOHN M | 03/08/2023 | 37,260.00 | 120,740.00 | 199.88 | Sell | No |
| WALL JOHN M | 03/08/2023 | 37,260.00 | 158,000.00 | 56.57 | Buy | No |
| Nisewaner Karna | 03/05/2023 | 100.00 | 15,273.00 | 196.94 | Sell | No |
| ZAMAN ANEEL | 02/27/2023 | 1,553.00 | 86,053.00 | 193.26 | Sell | No |
| DEVGAN ANIRUDH | 02/27/2023 | 1,525.00 | 172,414.00 | 193.26 | Sell | No |
| WIIG Communications Management LLC | 02/27/2023 | 2,024.00 | 868,040.00 | 195.04 | Sell | No |
| WIIG Communications Management LLC | 02/27/2023 | 16,021.00 | 870,064.00 | 194.46 | Sell | No |
| WIIG Communications Management LLC | 02/27/2023 | 11,955.00 | 886,085.00 | 193.39 | Sell | No |
| ZAMAN ANEEL | 02/26/2023 | 838.00 | 87,606.00 | 193.18 | Sell | No |
| ZAMAN ANEEL | 02/26/2023 | 1,801.00 | 88,444.00 | 195.35 | Sell | No |
| WALL JOHN M | 02/26/2023 | 1,466.00 | 120,740.00 | 193.18 | Sell | No |
| TENG CHIN-CHI | 02/26/2023 | 813.00 | 141,335.00 | 193.18 | Sell | No |
| BECKLEY THOMAS P | 02/26/2023 | 507.00 | 211,236.00 | 193.18 | Sell | No |
| Cunningham Paul | 02/26/2023 | 494.00 | 91,860.00 | 193.18 | Sell | No |
| DEVGAN ANIRUDH | 02/26/2023 | 1,494.00 | 173,939.00 | 193.18 | Sell | No |
| DEVGAN ANIRUDH | 02/22/2023 | 200.00 | 175,433.00 | 198.44 | Sell | No |
| DEVGAN ANIRUDH | 02/22/2023 | 2,230.00 | 175,633.00 | 197.75 | Sell | No |
| DEVGAN ANIRUDH | 02/22/2023 | 717.00 | 177,863.00 | 196.27 | Sell | No |
| TENG CHIN-CHI | 02/22/2023 | 2,000.00 | 142,148.00 | 56.57 | Buy | No |
| SANGIOVANNI VINCENTELLI ALBERTO | 02/16/2023 | 100.00 | 78,410.00 | 194.98 | Sell | No |
| SANGIOVANNI VINCENTELLI ALBERTO | 02/16/2023 | 4,500.00 | 78,510.00 | 194.31 | Sell | No |
| SANGIOVANNI VINCENTELLI ALBERTO | 02/16/2023 | 5,400.00 | 83,010.00 | 193.35 | Sell | No |
| WIIG Communications Management LLC | 02/15/2023 | 262.00 | 602,589.00 | 198.11 | Sell | No |
| WIIG Communications Management LLC | 02/15/2023 | 3,224.00 | 602,851.00 | 197.11 | Sell | No |
| WIIG Communications Management LLC | 02/15/2023 | 13,341.00 | 606,075.00 | 195.90 | Sell | No |
Cadence Design Systems Dividend Calendar
| Date | Name | Dividend | *yield | Currency |
|---|---|---|---|---|
| 2022 | Cadence Design Systems Inc. | - | - | USD |
| 2021 | Cadence Design Systems Inc. | - | - | USD |
| 2020 | Cadence Design Systems Inc. | - | - | USD |
| 2019 | Cadence Design Systems Inc. | - | - | USD |
| 2018 | Cadence Design Systems Inc. | - | - | USD |
| 2017 | Cadence Design Systems Inc. | - | - | USD |
| 2016 | Cadence Design Systems Inc. | - | - | USD |
| 2015 | Cadence Design Systems Inc. | - | - | USD |
| 2014 | Cadence Design Systems Inc. | - | - | USD |
| 2013 | Cadence Design Systems Inc. | - | - | USD |
| 2012 | Cadence Design Systems Inc. | - | - | USD |
| 2011 | Cadence Design Systems Inc. | - | - | USD |
| 2010 | Cadence Design Systems Inc. | - | - | USD |
| 2009 | Cadence Design Systems Inc. | - | - | USD |
| 2008 | Cadence Design Systems Inc. | - | - | USD |
| 2007 | Cadence Design Systems Inc. | - | - | USD |
| 2006 | Cadence Design Systems Inc. | - | - | USD |
| 2005 | Cadence Design Systems Inc. | - | - | USD |
| 2004 | Cadence Design Systems Inc. | - | - | USD |
| 2003 | Cadence Design Systems Inc. | - | - | USD |
*Yield of the Respective Date
Cadence Design Systems Inc. Calendar
| Event | Estimate | Info | Date |
|---|---|---|---|
| Earnings Report | 1.255 USD | Q1 2023 Earnings Release | 04/24/2023 |
| Earnings Report | 1.256 USD | Q2 2023 Earnings Release | 07/24/2023 |
| Earnings Report | - | Q3 2023 Earnings Release | 10/23/2023 |
| Earnings Report | - | Q4 2023 Earnings Release | 02/20/2024 |
Cadence Design Systems Inc. Past Events
| Event | Actual EPS | Info | Date |
|---|---|---|---|
| Earnings Report | 0.960 USD | Q4 2022 Earnings Release | 02/13/2023 |
| Shareholders' Meeting | - | - | 05/05/2022 |
Cadence Design Systems Profile
Cadence Design Systems, Inc. engages in the design and development of integrated circuits and electronic devices. Its products include electronic design automation, software, emulation hardware, and intellectual property, commonly referred to as verification IP, and design IP. It operates through the following geographical segments: United States, Other Americas, China, Other Asia, Europe, Middle East and Africa and Japan. The company was founded by Alberto Sangiovanni-Vincentelli, Gudmundur A. Hjartarson, K. Bobby Chao, and K. Charles Janac in June 1988 and is headquartered in San Jose, CA.
Moody’s Daily Credit Risk Score
Cadence Design Systems Shareholder
| Owner | in % |
|---|---|
| Freefloat | 98.94 |
| Vanguard Group, Inc. (Subfiler) | 11.42 |
| State Street Corp. | 4.05 |
| Massachusetts Financial Services Co. | 3.99 |
| BlackRock Fund Advisors | 3.42 |
| Vanguard Total Stock Market Index Fund | 3.09 |
| Fidelity Management & Research Co. LLC | 2.96 |
| BlackRock Institutional Trust Co. NA | 2.42 |
| Vanguard Mid Cap Index Fund | 2.35 |
| Vanguard 500 Index Fund | 2.33 |
| Geode Capital Management LLC | 2.23 |
| Blackrock Group Ltd. (Subfiler) | 2.07 |
| T. Rowe Price Associates, Inc. (Investment Management) | 1.86 |
| Government Pension Fund - Global (The) | 1.77 |
| Norges Bank (13F) | 1.76 |
Shareholder percentage totals can add to more than 100% because some holders are included in the free float.
Cadence Design Systems Management
| Name | Job |
|---|---|
| John M. Wall | Chief Financial Officer & Senior Vice President |
| Neil Zaman | Chief Revenue Officer & Senior Vice President |
| Lip-Bu Tan | Executive Chairman |
| James D. Plummer | Independent Director |
| Lewis Chew | Independent Director |
| Julia Liuson | Independent Director |
| Young K. Sohn | Independent Director |
| Alberto Luigi Sangiovanni-Vincentelli | Independent Director |
| Ita M. Brennan | Independent Director |
| Mark W. Adams | Independent Director |
| Mary Louise Krakauer | Independent Director |
| John B. Shoven | Lead Independent Director |
| Anirudh Devgan | President, Chief Executive Officer & Director |
| Chin Chi Teng | SVP & General Manager-Digital & Signoff Group |
| Karna Nisewaner | Secretary, Vice President & General Counsel |
| Alan H. Lindstrom | Senior Group Director-Investor Relations |
| Aparna Dey | Senior Group Director-Product Marketing |
| Thomas P. Beckley | Senior VP, General Manager-Custom IC & PBC Group |
| Nimish H. Modi | Senior Vice President, GM-Strategy & New Ventures |
| Christina R. Jones | Senior Vice President-Global Human Resources |
| Michael Jackson | Vice President-Research & Development |