Cadence Design Systems, Inc [CDNS] stock is trading at $281.78, up 6.16%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CDNS shares have gain 8.69% over the last week, with a monthly amount glided 4.71%, and 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 April 24, 2025, when JP Morgan upgraded its rating to a Overweight but kept the price target unchanged to $325 for it. Previously, Redburn Atlantic started tracking the stock with Buy rating on January 13, 2025, and set its price target to $350. On November 22, 2024, Wells Fargo initiated with a Overweight rating and assigned a price target of $350 on the stock. Loop Capital started tracking the stock assigning a Buy rating and suggested a price target of $360 on November 12, 2024. Mizuho initiated its recommendation with a Outperform and recommended $325 as its price target on October 22, 2024. Berenberg started tracking with a Buy rating for this stock on October 15, 2024, and assigned it a price target of $320. In a note dated September 25, 2024, Oppenheimer initiated an Underperform rating and provided a target price of $225 on this stock.
Cadence Design Systems, Inc [CDNS] stock has fluctuated between $221.56 and $328.99 over the past year. Currently, Wall Street analysts expect the stock to reach $329.17 within the next 12 months. Cadence Design Systems, Inc [NASDAQ: CDNS] shares were valued at $281.78 at the most recent close of the market. An investor can expect a potential return of 16.82% based on the average CDNS price forecast.
Analyzing the CDNS fundamentals
Cadence Design Systems, Inc [NASDAQ:CDNS] reported sales of 4.64B for the trailing twelve months, which represents a growth 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.41.
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 273.52 points at the first support level, and at 265.26 for the second support level. However, for the 1st resistance point, the stock is sitting at 286.52, and for the 2nd resistance point, it is at 291.26.
Ratios To Look Out For
For context, Cadence Design Systems, Inc’s Current Ratio is 2.93. Further, the Quick Ratio stands at 2.74, while the Cash Ratio is 1.93. Considering the valuation of this stock, the price to sales ratio is 16.65, the price to book ratio is 16.51 and price to earnings (TTM) ratio is 73.12.
Transactions by insiders
Recent insider trading involved Ita Brennan, Board Member, that happened on Apr 24 ’25 when 360.0 shares were purchased. Sr. Vice President, Cunningham Paul completed a deal on Apr 01 ’25 to sell 650.0 shares. Meanwhile, Officer PAUL A CUNNINGHAM bought 650.0 shares on Apr 01 ’25.
