For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
In the latest session, Cadence Design Systems, Inc (NASDAQ: CDNS) closed at $274.04 down -8.78% from its previous closing price of $300.43. In other words, the price has decreased by -$8.78 from its previous closing price. On the day, 7.63 million shares were traded.
Ratios:
For a deeper understanding of Cadence Design Systems, Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 28.43 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 67.23. 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 0.53 whereas as Long-Term Debt/Eq ratio is at 0.53.
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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Feb 18 ’25 when KARNA NISEWANER bought 571 shares for $296.10 per share.
TENG CHIN-CHI sold 12,760 shares of CDNS for $3,878,257 on Feb 10 ’25. The Sr. Vice President now owns 93,387 shares after completing the transaction at $303.94 per share. On Feb 10 ’25, another insider, CHIN-CHI TENG, who serves as the Officer of the company, bought 12,760 shares for $303.94 each.
Valuation Measures:
As of this moment, Cadence’s Price-to-Earnings (P/E) ratio for their current fiscal year is 71.11, and their Forward P/E ratio for the next fiscal year is 35.35. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.46. For the stock, the TTM Price-to-Sale (P/S) ratio is 16.19 while its Price-to-Book (P/B) ratio in mrq is 16.47.
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 -9.46%, while the 200-Day Moving Average is calculated to be -5.17%.
Shares Statistics:
A total of 274.26M shares are outstanding, with a floating share count of 273.38M. Insiders hold about 0.32% of the company’s shares, while institutions hold 88.13% stake in the company.
