CDNS:NSD-Cadence Design Systems Inc (USD)

COMMON STOCK | Software - Application |

Last Closing

USD 250.5

Change

0.00 (0.00)%

Market Cap

USD 68.66B

Volume

2.10M

Analyst Target

USD 110.68
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

Cadence Design Systems, Inc. provides software, hardware, and other services worldwide. The company offers functional verification services, such as Jasper, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification. It 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 performing sign-off checks for manufacturing; and Innovus implementation system, a digital IC design and signoff solution. In addition, the company offers custom IC design and simulation, such as Virtuoso Studio, a solution platform for custom, analog, mixed-signal, photonics, and RF semiconductors; and system design and analysis products, a Multiphysics platform that helps in design and simulate electronics and entire systems in electromagnetic, thermal, structure, computational fluid dynamics, molecular, PCB and packaging, mechanical, and structural analysis. Further, it provides semiconductor IP product for design architectures; Functional Verification; digital ic design and signoff; EDA product that addresses the design and verification for semiconductor chips and manufacturing process technologies; 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. It 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.

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

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Relative Returns (From:    To: 2025-03-02 )

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ETFs Containing CDNS

BELT BlackRock Long-Term U.S. .. 4.98 % 0.00 %

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USD 0.01B
DXUS:CA Dynamic Active U.S. Equit.. 4.90 % 0.00 %

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SMHX VanEck Fabless Semiconduc.. 4.87 % 0.00 %

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USD 0.04B
GIQU:CA Guardian i3 US Quality Gr.. 4.05 % 0.00 %

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CAD 3.01M
GIQU-B:CA Guardian i3 US Quality Gr.. 4.05 % 0.00 %

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CAD 8.42M
OCEN IndexIQ ETF Trust - IQ Cl.. 3.12 % 0.00 %

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USD 4.63M
ACLE:XETRA AXA IM ACT Climate Equity.. 2.85 % 0.00 %

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

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ACLE:F AXA IM ACT Climate Equity.. 2.77 % 0.00 %

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USD 0.16B
ACLT:F AXA IM ACT Climate Equity.. 2.77 % 0.00 %

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TEK BlackRock ETF Trust 2.37 % 0.00 %

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USD 0.02B
UNIC:PA Lyxor Index Fund - Lyxor .. 2.28 % 0.00 %

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SUBS 2.13 % 0.00 %

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POWA Invesco Bloomberg Pricing.. 2.12 % 0.00 %

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IGV iShares Expanded Tech-Sof.. 0.00 % 0.46 %

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JKH iShares Morningstar Mid-C.. 0.00 % 0.30 %

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CLRG 0.00 % 0.25 %

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MIDF 0.00 % 0.00 %

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XCHA:LSE Xtrackers CSI300 Swap UCI.. 0.00 % 0.00 %

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EVOU:PA BNP Paribas Easy ESG Equi.. 0.00 % 0.00 %

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USD 0.01B
VLUD:F BNP Paribas Easy - Equity.. 0.00 % 0.00 %

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USD 0.87M
VLUS:F BNP Paribas Easy - Equity.. 0.00 % 0.00 %

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USD 0.01B
VLUD:XETRA BNP Paribas Easy ESG Equi.. 0.00 % 0.00 %

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VLUS:XETRA BNP Paribas Easy ESG Equi.. 0.00 % 0.00 %

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IVES Amplify ETF Trust 0.00 % 0.00 %

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USD 0.02B
DRUP:XETRA Amundi MSCI Disruptive Te.. 0.00 % 0.00 %

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IMCG iShares Morningstar Mid-C.. 0.00 % 0.00 %

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GTEK Goldman Sachs Future Tech.. 0.00 % 0.00 %

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USD 0.17B

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 -16.63% 36% F 25% F
Dividend Return N/A N/A N/A N/A N/A
Total Return -16.63% 36% F 25% F
Trailing 12 Months  
Capital Gain -20.54% 39% F 35% F
Dividend Return N/A N/A N/A N/A N/A
Total Return -20.54% 38% F 35% F
Trailing 5 Years  
Capital Gain 278.23% 95% A 94% A
Dividend Return N/A N/A N/A N/A N/A
Total Return 278.23% 95% A 94% A
Average Annual (5 Year Horizon)  
Capital Gain 32.10% 81% B- 82% B
Dividend Return 32.10% 81% B- 81% B-
Total Return N/A N/A N/A N/A N/A
Risk Return Profile  
Volatility (Standard Deviation) 25.77% 89% A- 69% C-
Risk Adjusted Return 124.57% 100% F 99% N/A
Market Capitalization 68.66B 96% N/A 98% 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.

What to not like:
Highly leveraged

The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.

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