ducovest

CDNS:NSD-Cadence Design Systems Inc (USD)

COMMON STOCK | Software - Application |

Last Closing

USD 284.45

Change

+31.68 (+12.53)%

Market Cap

USD 68.21B

Volume

5.99M

Analyst Target

USD 110.68
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

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.

Company Website : https://www.cadence.com

Currency: USD

Country : USA

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2024-10-29 )

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ETFs Containing CDNS

DXUS:CA Dynamic Active U.S. Equit.. 4.90 % 0.00 %

+0.25 (+3.03%)

 N/A
BELT BlackRock Long-Term U.S. .. 4.51 % 0.00 %

+0.34 (+3.03%)

 USD 0.01B
SMHX VanEck Fabless Semiconduc.. 4.03 % 0.00 %

+0.82 (+3.03%)

 USD 9.39M
GIQU:CA Guardian i3 US Quality Gr.. 3.96 % 0.00 %

+0.19 (+3.03%)

 CAD 3.04M
GIQU-B:CA Guardian i3 US Quality Gr.. 3.96 % 0.00 %

N/A

 CAD 8.42M
FFOG 3.05 % 0.00 %

N/A

 N/A
ACLE:XETRA AXA IM ACT Climate Equity.. 2.85 % 0.00 %

+0.01 (+3.03%)

 N/A
ACLT:XETRA AXA IM ACT Climate Equity.. 2.85 % 0.00 %

+0.05 (+3.03%)

 N/A
BGRO BlackRock Large Cap Growt.. 2.75 % 0.00 %

+0.40 (+3.03%)

 USD 6.23M
ACLE:F AXA IM ACT Climate Equity.. 2.38 % 0.00 %

-0.01 (3.03%)

 USD 0.16B
ACLT:F AXA IM ACT Climate Equity.. 2.38 % 0.00 %

N/A

 N/A
AMOM QRAFT AI-Enhanced U.S. La.. 2.23 % 0.00 %

+0.33 (+3.03%)

 USD 0.04B
SUBS 2.13 % 0.00 %

N/A

 N/A
POWA Invesco Bloomberg Pricing.. 2.12 % 0.00 %

+0.02 (+3.03%)

 N/A
IGV 0.00 % 0.46 %

N/A

 N/A
JKH iShares Morningstar Mid-C.. 0.00 % 0.30 %

N/A

 N/A
CLRG 0.00 % 0.25 %

N/A

 N/A
MIDF 0.00 % 0.00 %

N/A

 N/A
XCHA:LSE Xtrackers CSI300 Swap UCI.. 0.00 % 0.00 %

-0.09 (3.03%)

 N/A
WTI2:XETRA WisdomTree Artificial Int.. 0.00 % 0.00 %

+0.80 (+3.03%)

 USD 0.90B
IMCG iShares Morningstar Mid-C.. 0.00 % 0.00 %

+0.10 (+3.03%)

 N/A
WTI2:F WisdomTree Artificial Int.. 0.00 % 0.00 %

N/A

 USD 0.90B
WTAI:SW WisdomTree Artificial Int.. 0.00 % 0.00 %

-0.07 (3.03%)

 USD 0.79B

Market Performance

  Market Performance vs. Industry/Classification (Software - Application) Market Performance vs. Exchange
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 4.44% 47% F 50% F
Dividend Return N/A N/A N/A N/A N/A
Total Return 4.44% 47% F 51% F
Trailing 12 Months  
Capital Gain 18.59% 46% F 53% F
Dividend Return N/A N/A N/A N/A N/A
Total Return 18.59% 46% F 53% F
Trailing 5 Years  
Capital Gain 335.27% 85% B 87% B+
Dividend Return N/A N/A N/A N/A N/A
Total Return 335.27% 85% B 87% B+
Average Annual (5 Year Horizon)  
Capital Gain 38.49% 83% B 85% B
Dividend Return 38.49% 83% B 85% B
Total Return N/A N/A N/A N/A N/A
Risk Return Profile  
Volatility (Standard Deviation) 28.15% 79% B- 64% D
Risk Adjusted Return 136.75% 100% F 100% F
Market Capitalization 68.21B 99% N/A 99% N/A

Annual Financials (USD)

Quarterly Financials (USD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

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:
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.

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.

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.

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.

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.

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 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.

What to not like:
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 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 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.

Low Revenue Growth

This stock has shown below median revenue growth in the previous 5 years compared to its sector