Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
After finishing at $284.50 in the prior trading day, Cadence Design Systems, Inc (NASDAQ: CDNS) closed at $287.07, up 0.90%. In other words, the price has increased by $0.90 from its previous closing price. On the day, 2.9 million shares were traded.
Ratios:
Our goal is to gain a better understanding of CDNS by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 28.22 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 56.87. For the most recent quarter (mrq), Quick Ratio is recorded 2.90 and its Current Ratio is at 3.07. In the meantime, Its Debt-to-Equity ratio is 0.52 whereas as Long-Term Debt/Eq ratio is at 0.52.
On January 13, 2025, Redburn Atlantic started tracking the stock assigning a Buy rating and target price of $350.
On November 22, 2024, Wells Fargo started tracking the stock assigning a Overweight rating and target price of $350.Wells Fargo initiated its Overweight rating on November 22, 2024, with a $350 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 16 ’25 when PLUMMER JAMES D sold 868 shares for $319.95 per share. The transaction valued at 277,715 led to the insider holds 23,996 shares of the business.
PLUMMER FAMILY TRUST bought 868 shares of CDNS for $277,716 on May 16 ’25. On May 02 ’25, another insider, DEVGAN ANIRUDH, who serves as the President and CEO of the company, sold 10,737 shares for $310.00 each. As a result, the insider received 3,328,470 and left with 209,548 shares of the company.
Valuation Measures:
As of this moment, Cadence’s Price-to-Earnings (P/E) ratio for their current fiscal year is 72.71, and their Forward P/E ratio for the next fiscal year is 36.96. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.11. For the stock, the TTM Price-to-Sale (P/S) ratio is 16.08 while its Price-to-Book (P/B) ratio in mrq is 16.41.
Stock Price History:
Over the past 52 weeks, CDNS has reached a high of $328.99, while it has fallen to a 52-week low of $221.56. The 50-Day Moving Average of the stock is 1.59%, while the 200-Day Moving Average is calculated to be 1.63%.
Shares Statistics:
A total of 273.04M shares are outstanding, with a floating share count of 271.50M. Insiders hold about 0.56% of the company’s shares, while institutions hold 88.59% stake in the company.
