Cadence Design Systems, Inc (NASDAQ: CDNS) is -0.35% lower on its value in year-to-date trading and has touched a low of $221.56 and a high of $330.09 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 $318.04 in the last trading session, with the day’s loss setting it -3.46%.
Currently trading at $314.58, the stock is 1.42% and 2.13% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.6 million and changing -1.09% at the moment leaves the stock 9.15% off its SMA200. CDNS registered 4.70% gain for a year compared to 6-month gain of 7.55%. The firm has a 50-day simple moving average (SMA 50) of $307.5172 and a 200-day simple moving average (SMA200) of $287.781.
The stock witnessed a 4.86% loss in the last 1 month and extending the period to 3 months gives it a 20.73%, and is -2.58% 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 2.15% over the week and 2.10% over the month.
Cadence Design Systems, Inc (CDNS) has around 12700 employees, a market worth around $85.89B and $4.87B in sales. Current P/E ratio is 79.67 and Fwd P/E is 40.45. Profit margin for the company is 22.19%. Distance from 52-week low is 41.98% and -4.70% from its 52-week high. The company has generated returns on investments over the last 12 months (14.91%).
with sales reaching $1.25B over the same period.The EPS is expected to grow by 13.41% this year, but quarterly earnings will post 11.77% year-over-year. Quarterly sales are estimated to grow 18.24% in year-over-year returns.
1849.0 institutions hold shares in Cadence Design Systems, Inc (CDNS), with institutional investors hold 92.17% of the company’s shares. The shares outstanding are 273.04M, and float is at 271.51M with Short Float at 1.24%. Institutions hold 91.86% 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 1,000 shares of the company’s common stock on Jul 01 ’25 at a price of $306.35 per share for a total of $0.31 million. Following the sale, the insider now owns 0.11 million shares.
Still, SEC filings show that on Jun 17 ’25, TENG CHIN-CHI (Sr. Vice President) disposed off 8,892 shares at an average price of $300.92 for $2.68 million. The insider now directly holds 136,213 shares of Cadence Design Systems, Inc (CDNS).
