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The price of Cadence Design Systems, Inc (NASDAQ: CDNS) closed at $258.34 in the last session, down -4.40% from day before closing price of $270.23. In other words, the price has decreased by -$4.40 from its previous closing price. On the day, 4.55 million shares were traded.
Ratios:
We take a closer look at CDNS’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 25.44 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 63.37. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Feb 18 ’25 when Nisewaner Karna sold 571 shares for $296.10 per share. The transaction valued at 169,073 led to the insider holds 15,364 shares of the business.
KARNA NISEWANER bought 571 shares of CDNS for $169,073 on Feb 18 ’25. On Feb 10 ’25, another insider, TENG CHIN-CHI, who serves as the Sr. Vice President of the company, sold 12,760 shares for $303.94 each. As a result, the insider received 3,878,257 and left with 93,387 shares of the company.
Valuation Measures:
As of this moment, Cadence’s Price-to-Earnings (P/E) ratio for their current fiscal year is 67.03, and their Forward P/E ratio for the next fiscal year is 33.42. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.97. For the stock, the TTM Price-to-Sale (P/S) ratio is 15.27 while its Price-to-Book (P/B) ratio in mrq is 15.14.
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 $241.29. The 50-Day Moving Average of the stock is -14.18%, while the 200-Day Moving Average is calculated to be -10.56%.
Shares Statistics:
A total of 273.85M shares are outstanding, with a floating share count of 273.42M. Insiders hold about 0.32% of the company’s shares, while institutions hold 88.12% stake in the company.
