Cadence Design Systems, Inc (CDNS) concluded trading on Wednesday at a closing price of $288.61, with 6.94 million shares of worth about $2.0 billion changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -5.84% during that period and on Wednesday the price saw a loss of about -10.67%. Currently the company’s common shares owned by public are about 273.04M shares, out of which, 271.30M shares are available for trading.
Stock saw a price change of -9.96% in past 5 days and over the past one month there was a price change of 1.00%. Year-to-date (YTD), CDNS shares are showing a performance of -3.94% which decreased to -2.06% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $221.56 but also hit the highest price of $328.99 during that period. The average intraday trading volume for Cadence Design Systems, Inc shares is 2.18 million. The stock is currently trading -7.42% below its 20-day simple moving average (SMA20), while that difference is up 2.57% for SMA50 and it goes to 2.24% higher than SMA200.
Cadence Design Systems, Inc (NASDAQ: CDNS) currently have 273.04M outstanding shares and institutions hold larger chunk of about 88.59% of that.
The stock has a current market capitalization of $78.80B and its 3Y-monthly beta is at 1.03. PE ratio of stock for trailing 12 months is 73.10, while it has posted earnings per share of $3.95 in the same period. Its PEG reads 5.14 and has Quick Ratio of 2.90 while making debt-to-equity ratio of 0.52. 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 6.06% while standing at 2.86% over the month.
Stock’s fiscal year EPS is expected to rise by 13.38% while it is estimated to increase by 14.75% in next year. EPS is likely to grow at an annualized rate of 14.23% for next 5-years, compared to annual growth of 1.80% 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 JP Morgan on April 24, 2025 offering an Overweight rating for the stock and assigned a target price of $325 to it. Coverage by Redburn Atlantic stated Cadence Design Systems, Inc (CDNS) stock as a Buy in their note to investors on January 13, 2025, suggesting a price target of $350 for the stock. On November 22, 2024, Wells Fargo Initiated their recommendations, while on November 12, 2024, Loop Capital Initiated their ratings for the stock with a price target of $360. Stock get an Outperform rating from Mizuho on October 22, 2024.
