Cadence Design Systems, Inc [CDNS] stock prices are down -1.34% to $285.74 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CDNS shares have gain 13.59% over the last week, with a monthly amount glided 8.84%, 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.
The stock price of Cadence Design Systems, Inc [CDNS] has been fluctuating 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 $285.74 at the most recent close of the market. An investor can expect a potential return of 15.2% 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 0.94% with Operating Profit Margin at 0.3%, Pretax Profit Margin comes in at 0.3%, and Net Profit Margin reading is 0.22%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is 0.21 and Total Capital is 0.19. 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 281.82 points at the first support level, and at 277.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 289.53, and for the 2nd resistance point, it is at 293.33.
Ratios To Look Out For
It’s worth pointing out that Cadence Design Systems, Inc [NASDAQ:CDNS]’s Current Ratio is 2.93. As well, the Quick Ratio is 2.74, while the Cash Ratio is 2.14. Considering the valuation of this stock, the price to sales ratio is 16.89, the price to book ratio is 16.74 and price to earnings (TTM) ratio is 74.14.
Transactions by insiders
Recent insider trading involved Brennan Ita M, Director, that happened on Apr 24 ’25 when 180.0 shares were sold. Board Member, Ita Brennan completed a deal on Apr 24 ’25 to buy 360.0 shares. Meanwhile, Sr. Vice President Cunningham Paul sold 650.0 shares on Apr 01 ’25.
