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.
As of close of business last night, Cadence Design Systems, Inc’s stock clocked out at $267.15, up 1.80% from its previous closing price of $262.42. In other words, the price has increased by $1.80 from its previous closing price. On the day, 2.53 million shares were traded. CDNS stock price reached its highest trading level at $268.24 during the session, while it also had its lowest trading level at $264.0.
Ratios:
To gain a deeper understanding of CDNS’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 26.30 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 65.50. For the most recent quarter (mrq), Quick Ratio is recorded 2.74 and its Current Ratio is at 2.93. In the meantime, Its Debt-to-Equity ratio is 0.56 whereas as Long-Term Debt/Eq ratio is at 0.55.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Redburn Atlantic on January 13, 2025, initiated with a Buy rating and assigned the stock a target price of $350.
On November 22, 2024, Wells Fargo started tracking the stock assigning a Overweight rating and target price of $350.
On November 12, 2024, Loop Capital started tracking the stock assigning a Buy rating and target price of $360.Loop Capital initiated its Buy rating on November 12, 2024, with a $360 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 17 ’25 when Nisewaner Karna sold 1,850 shares for $246.25 per share. The transaction valued at 455,562 led to the insider holds 13,514 shares of the business.
KARNA NISEWANER bought 1,850 shares of CDNS for $455,562 on Mar 17 ’25. On Mar 03 ’25, another insider, Cunningham Paul, who serves as the Sr. Vice President of the company, sold 650 shares for $252.73 each. As a result, the insider received 164,274 and left with 58,123 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CDNS now has a Market Capitalization of 73227952128 and an Enterprise Value of 73069928448. As of this moment, Cadence’s Price-to-Earnings (P/E) ratio for their current fiscal year is 69.32, and their Forward P/E ratio for the next fiscal year is 34.57. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.15. For the stock, the TTM Price-to-Sale (P/S) ratio is 15.78 while its Price-to-Book (P/B) ratio in mrq is 15.65. Its current Enterprise Value per Revenue stands at 15.744 whereas that against EBITDA is 46.07.
Stock Price History:
The Beta on a monthly basis for CDNS is 1.13, which has changed by -0.15461534 over the last 52 weeks, in comparison to a change of 0.10838497 over the same period for the S&P500. Over the past 52 weeks, CDNS has reached a high of $328.99, while it has fallen to a 52-week low of $230.09. The 50-Day Moving Average of the stock is -3.66%, while the 200-Day Moving Average is calculated to be -6.14%.
Shares Statistics:
It appears that CDNS traded 2.04M shares on average per day over the past three months and 2668190 shares per day over the past ten days. A total of 273.85M shares are outstanding, with a floating share count of 272.94M. Insiders hold about 0.43% of the company’s shares, while institutions hold 88.27% stake in the company. Shares short for CDNS as of 1740700800 were 4236399 with a Short Ratio of 2.07, compared to 1738281600 on 4075131. Therefore, it implies a Short% of Shares Outstanding of 4236399 and a Short% of Float of 1.7399999999999998.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
