Cadence Design Systems Inc


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Cadence Design Systems Inc Stock Price


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Company Statistics

Market Cap.:
$56.28 billion
Book Value:
Revenue TTM:
$3.56 billion
Operating Margin TTM:
Gross Profit TTM:
$3.19 billion
Profit Margin:
Return on Assets TTM:
Return on Equity TTM:

Company Profile

Cadence Design Systems Inc had its IPO on 1987-06-10 under the ticker symbol CDNS.

The company operates in the Technology sector and Software-Application industry. Cadence Design Systems Inc has a staff strength of 10,200 employees.

Stock update

Shares of Cadence Design Systems Inc opened at $207.34 at the start of the last trading session i.e. 2023-03-30.

The stocks traded within a range of $205.39 - $207.98, and closed at $207.01.

This is a +0.49% increase from the previous day's closing price.

A total volume of 1,629,685 shares were traded at the close of the day’s session.

In the last one week, shares of Cadence Design Systems Inc have increased by +1.48%.

Cadence Design Systems Inc's Key Ratios

Cadence Design Systems Inc has a market cap of $56.28 billion, indicating a price to book ratio of 16.7611 and a price to sales ratio of 12.956.

In the last 12-months Cadence Design Systems Inc’s revenue was $3.56 billion with a gross profit of $3.19 billion and an EBITDA of $1.22 billion. The EBITDA ratio measures Cadence Design Systems Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Cadence Design Systems Inc’s operating margin was 30.43% while its return on assets stood at 14.23% with a return of equity of 30.95%.

In Q4, Cadence Design Systems Inc’s quarterly earnings growth was a positive 37.6% while revenue growth was a positive 16.4%.

Cadence Design Systems Inc’s PE and PEG Ratio

Forward PE
Trailing PE

Its diluted EPS in the last 12-months stands at $3.07 per share while it has a forward price to earnings multiple of 35.2113 and a PEG multiple of 2.0722. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Cadence Design Systems Inc’s profitability.

Cadence Design Systems Inc stock is trading at a EV to sales ratio of 13.1483 and a EV to EBITDA ratio of 38.5695. Its price to sales ratio in the trailing 12-months stood at 12.956.

Cadence Design Systems Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets
$5.14 billion
Total Liabilities
$1.35 billion
Operating Cash Flow
Capital Expenditure
$35.92 million
Dividend Payout Ratio

Cadence Design Systems Inc ended 2023 with $5.14 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $5.14 billion while shareholder equity stood at $2.75 billion.

Cadence Design Systems Inc ended 2023 with $91.52 million in deferred long-term liabilities, $1.35 billion in other current liabilities, 2765673000.00 in common stock, $3.90 billion in retained earnings and $1.37 billion in goodwill. Its cash balance stood at $882.33 million and cash and short-term investments were $882.33 million. The company’s total short-term debt was $100,000,000 while long-term debt stood at $648.08 million.

Cadence Design Systems Inc’s total current assets stands at $1.71 billion while long-term investments were $120.00 million and short-term investments were $0. Its net receivables were $486.71 million compared to accounts payable of $557.16 million and inventory worth $128.01 million.

In 2023, Cadence Design Systems Inc's operating cash flow was $-64176000.00 while its capital expenditure stood at $35.92 million.

Comparatively, Cadence Design Systems Inc paid $0 in dividends in 2023.

Other key metrics

Current Trading Price
52-Week High
52-Week Low
Analyst Target Price

Cadence Design Systems Inc stock is currently trading at $207.01 per share. It touched a 52-week high of $209.5 and a 52-week low of $209.5. Analysts tracking the stock have a 12-month average target price of $216.57.

Its 50-day moving average was $194 and 200-day moving average was $171.88 The short ratio stood at 2.4 indicating a short percent outstanding of 0%.

Around 94.9% of the company’s stock are held by insiders while 9040.1% are held by institutions.

Frequently Asked Questions About Cadence Design Systems Inc

The stock symbol (also called stock or share ticker) of Cadence Design Systems Inc is CDNS

The IPO of Cadence Design Systems Inc took place on 1987-06-10

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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 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 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.


Building 5, San Jose, CA, United States, 95134