Cadence Design Systems, Inc (NASDAQ: CDNS) is 6.09% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CDNS stock was last observed hovering at around $319.39 in the last trading session, with the day’s loss setting it -0.62%.
Currently trading at $318.77, the stock is 7.95% and 18.21% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.5 million and changing -0.19% at the moment leaves the stock 13.87% off its SMA200. CDNS registered 12.06% gain for a year compared to 6-month loss of 5.94%.
The stock witnessed a 20.60% gain in the last 1 month and extending the period to 3 months gives it a 7.63%, and is 3.51% up 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 2.21% over the week and 2.69% over the month.
Cadence Design Systems, Inc (CDNS) has around 12700 employees, a market worth around $87.04B and $4.87B in sales. Current P/E ratio is 80.73 and Fwd P/E is 41.07. Profit margin for the company is 22.19%. Distance from 52-week low is 43.88% and -3.11% from its 52-week high. The company has generated returns on investments over the last 12 months (14.91%).
The EPS is expected to grow by 13.68% this year
The shares outstanding are 273.04M, and float is at 271.88M with Short Float at 1.72%.
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 DEVGAN ANIRUDH, the company’s President and CEO. SEC filings show that DEVGAN ANIRUDH sold 10,737 shares of the company’s common stock on May 02 ’25 at a price of $310.00 per share for a total of $3.33 million. Following the sale, the insider now owns 0.21 million shares.
Cadence Design Systems, Inc disclosed in a document filed with the SEC on May 01 ’25 that Cunningham Paul (Sr. Vice President) sold a total of 650 shares of the company’s common stock. The trade occurred on May 01 ’25 and was made at $303.00 per share for $0.2 million. Following the transaction, the insider now directly holds 0.11 million shares of the CDNS stock.
Still, SEC filings show that on May 02 ’25, ANIRUDH DEVGAN (Officer) Proposed Sale 10,737 shares at an average price of $310.00 for $3.33 million. The insider now directly holds shares of Cadence Design Systems, Inc (CDNS).
