Cadence Design Systems, Inc [CDNS] stock prices are up 0.98% to $241.56 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The CDNS shares have lost -0.66% over the last week, with a monthly amount drifted -20.51%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Cadence Design Systems, Inc [NASDAQ: CDNS] stock has seen the most recent analyst activity on January 13, 2025, when Redburn Atlantic initiated its Buy rating and assigned the stock a price target of $350. Previously, Wells Fargo started tracking the stock with Overweight rating on November 22, 2024, and set its price target to $350. On November 12, 2024, Loop Capital initiated with a Buy rating and assigned a price target of $360 on the stock. Mizuho started tracking the stock assigning a Outperform rating and suggested a price target of $325 on October 22, 2024. Berenberg initiated its recommendation with a Buy and recommended $320 as its price target on October 15, 2024. Oppenheimer started tracking with a Underperform rating for this stock on September 25, 2024, and assigned it a price target of $225. In a note dated August 06, 2024, Piper Sandler upgraded an Overweight rating on this stock but restated the target price of $318.
The stock price of Cadence Design Systems, Inc [CDNS] has been fluctuating between $230.09 and $328.99 over the past year. Currently, Wall Street analysts expect the stock to reach $317.86 within the next 12 months. Cadence Design Systems, Inc [NASDAQ: CDNS] shares were valued at $241.56 at the most recent close of the market. An investor can expect a potential return of 31.59% based on the average CDNS price forecast.
Analyzing the CDNS fundamentals
The Cadence Design Systems, Inc [NASDAQ:CDNS] reported sales of 4.64B for trailing twelve months, representing a surge of 26.89%. Gross Profit Margin for this corporation currently stands at 0.92% with Operating Profit Margin at 0.29%, Pretax Profit Margin comes in at 0.3%, and Net Profit Margin reading is 0.23%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is 0.23 and Total Capital is 0.18. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.41.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 238.51 points at the first support level, and at 235.45 for the second support level. However, for the 1st resistance point, the stock is sitting at 245.91, and for the 2nd resistance point, it is at 250.25.
Ratios To Look Out For
It’s worth pointing out that Cadence Design Systems, Inc [NASDAQ:CDNS]’s Current Ratio is 2.93. On the other hand, the Quick Ratio is 2.74, and the Cash Ratio is 1.93. Considering the valuation of this stock, the price to sales ratio is 14.27, the price to book ratio is 14.15 and price to earnings (TTM) ratio is 62.68.
Transactions by insiders
Recent insider trading involved Cunningham Paul, Sr. Vice President, that happened on Mar 03 ’25 when 650.0 shares were sold. Officer, PAUL A CUNNINGHAM completed a deal on Mar 03 ’25 to buy 650.0 shares. Meanwhile, SVP & General Counsel Nisewaner Karna sold 571.0 shares on Feb 18 ’25.
