Cadence Design Systems, Inc (NASDAQ: CDNS) is -14.08% lower on its value in year-to-date trading and has touched a low of $221.56 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 $251.56 in the last trading session, with the day’s gains setting it 6.59%.
Currently trading at $258.15, the stock is 1.05% and -0.16% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.39 million and changing 2.62% at the moment leaves the stock -7.55% off its SMA200. CDNS registered -9.71% loss for a year compared to 6-month loss of -1.86%. The firm has a 50-day simple moving average (SMA 50) of $258.5666 and a 200-day simple moving average (SMA200) of $279.21835.
The stock witnessed a -1.63% gain in the last 1 month and extending the period to 3 months gives it a -16.99%, and is -0.92% 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 2.87% over the week and 4.43% over the month.
Cadence Design Systems, Inc (CDNS) has around 12700 employees, a market worth around $70.81B and $4.64B in sales. Current P/E ratio is 66.98 and Fwd P/E is 33.54. Profit margin for the company is 22.74%. Distance from 52-week low is 16.51% and -21.53% from its 52-week high. The company has generated returns on investments over the last 12 months (14.54%).
with sales reaching $1.24B over the same period.The EPS is expected to grow by 12.46% this year, but quarterly earnings will post 11.84% year-over-year. Quarterly sales are estimated to grow 22.95% in year-over-year returns.
Cadence Design Systems, Inc (CDNS) Top Institutional Holders
1876.0 institutions hold shares in Cadence Design Systems, Inc (CDNS), with institutional investors hold 92.42% of the company’s shares. The shares outstanding are 273.85M, and float is at 273.14M with Short Float at 1.88%. Institutions hold 92.12% of the Float.
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 11.314% 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 9.3801 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
The most recent transaction is an insider sale by Cunningham Paul, the company’s Sr. Vice President. SEC filings show that Cunningham Paul sold 650 shares of the company’s common stock on Apr 01 ’25 at a price of $252.64 per share for a total of $0.16 million. Following the sale, the insider now owns 0.11 million shares.
Still, SEC filings show that on Mar 17 ’25, Nisewaner Karna (SVP & General Counsel) disposed off 1,850 shares at an average price of $246.25 for $0.46 million. The insider now directly holds 13,514 shares of Cadence Design Systems, Inc (CDNS).
