Cadence Design Systems, Inc (CDNS) concluded trading on Wednesday at a closing price of $274.04, with 7.63 million shares of worth about $2.09 billion changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -2.48% during that period and on February 19, 2025 the price saw a loss of about -8.78%. Currently the company’s common shares owned by public are about 274.26M shares, out of which, 273.38M shares are available for trading.
Stock saw a price change of -9.82% in past 5 days and over the past one month there was a price change of -10.33%. Year-to-date (YTD), CDNS shares are showing a performance of -8.79% which decreased to -7.32% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $241.29 but also hit the highest price of $328.99 during that period. The average intraday trading volume for Cadence Design Systems, Inc shares is 1.52 million. The stock is currently trading -8.86% below its 20-day simple moving average (SMA20), while that difference is down -9.46% for SMA50 and it goes to -5.17% lower than SMA200.
Cadence Design Systems, Inc (NASDAQ: CDNS) currently have 274.26M outstanding shares and institutions hold larger chunk of about 88.13% of that.
The stock has a current market capitalization of $75.16B and its 3Y-monthly beta is at 1.02. PE ratio of stock for trailing 12 months is 71.11, while it has posted earnings per share of $3.85 in the same period. Its PEG reads 5.46 and has Quick Ratio of 2.74 while making debt-to-equity ratio of 0.53. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CDNS, volatility over the week remained 3.19% while standing at 3.12% over the month.
Analysts are in expectations that Cadence Design Systems, Inc (CDNS) stock would likely to be making an EPS of 1.49 in the current quarter, while forecast for next quarter EPS is 1.58 and it is 7.79 for next year. For the current quarter EPS, analysts have given the company a lowest target 1.46 which is 1.52 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of 1.17 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 12.79% while it is estimated to increase by 15.13% in next year. EPS is likely to grow at an annualized rate of 13.03% for next 5-years, compared to annual growth of 1.78% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Redburn Atlantic on January 13, 2025 offering a Buy rating for the stock and assigned a target price of $350 to it. Coverage by Wells Fargo stated Cadence Design Systems, Inc (CDNS) stock as an Overweight in their note to investors on November 22, 2024, suggesting a price target of $350 for the stock. On November 12, 2024, Loop Capital Initiated their recommendations, while on October 22, 2024, Mizuho Initiated their ratings for the stock with a price target of $325. Stock get a Buy rating from Berenberg on October 15, 2024.
