Cadence Design Systems, Inc (NASDAQ: CDNS) is -8.79% lower on its value in year-to-date trading and has touched a low of $241.29 and a high of $328.99 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CDNS stock was last observed hovering at around $300.43 in the last trading session, with the day’s loss setting it -26.39%.
Currently trading at $274.04, the stock is -8.86% and -9.46% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.63 million and changing -8.78% at the moment leaves the stock -5.17% off its SMA200. CDNS registered -7.32% loss for a year compared to 6-month gain of -2.48%.
The stock witnessed a -10.33% loss in the last 1 month and extending the period to 3 months gives it a -9.57%, and is -9.82% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.19% over the week and 3.12% over the month.
Cadence Design Systems, Inc (CDNS) has around 11200 employees, a market worth around $75.16B and $4.64B in sales. Current P/E ratio is 71.11 and Fwd P/E is 35.35. Profit margin for the company is 22.74%. Distance from 52-week low is 13.57% and -16.70% from its 52-week high. The company has generated returns on investments over the last 12 months (14.76%).
with sales reaching $1.24B over the same period.The EPS is expected to grow by 12.79% this year, but quarterly earnings will post 11.91% year-over-year. Quarterly sales are estimated to grow 22.84% in year-over-year returns.
The shares outstanding are 274.26M, and float is at 273.38M with Short Float at 1.49%.
The top institutional shareholder in the company is BLACKROCK INC. with over 30.65 million shares valued at $9.43 billion. The investor’s holdings represent 11.3688 of the CDNS Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 25.41 million shares valued at $7.82 billion to account for 9.4255 of the shares outstanding. The other top investors are STATE STREET CORP which holds 11.86 million shares representing 4.3786 and valued at over $3.65 billion, while FMR LLC holds 3.4914 of the shares totaling 9.46 million with a market value of $2.91 billion.
Cadence Design Systems, Inc (CDNS) Insider Activity
Cadence Design Systems, Inc disclosed in a document filed with the SEC on Feb 10 ’25 that TENG CHIN-CHI (Sr. Vice President) sold a total of 12,760 shares of the company’s common stock. The trade occurred on Feb 10 ’25 and was made at $303.94 per share for $3.88 million. Following the transaction, the insider now directly holds 93387.0 shares of the CDNS stock.
Still, SEC filings show that on Feb 10 ’25, CHIN-CHI TENG (Officer) Proposed Sale 12,760 shares at an average price of $303.94 for $3.88 million. The insider now directly holds shares of Cadence Design Systems, Inc (CDNS).
