At the time of writing, Cadence Design Systems, Inc [CDNS] stock is trading at $308.83, up 0.22%. An important factor to consider is whether the stock is rising or falling in short-term value. The CDNS shares have gain 8.08% over the last week, with a monthly amount glided 24.07%, 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.
For the past year, the stock price of Cadence Design Systems, Inc fluctuated between $221.56 and $328.99. Currently, Wall Street analysts expect the stock to reach $330 within the next 12 months. Cadence Design Systems, Inc [NASDAQ: CDNS] shares were valued at $308.83 at the most recent close of the market. An investor can expect a potential return of 6.85% based on the average CDNS price forecast.
Analyzing the CDNS fundamentals
According to Cadence Design Systems, Inc [NASDAQ:CDNS], the company’s sales were 4.87B for trailing twelve months, which represents an 23.12% jump. 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 0.22 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 0.52.
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 305.63 points at the first support level, and at 302.42 for the second support level. However, for the 1st resistance point, the stock is sitting at 312.01, and for the 2nd resistance point, it is at 315.18.
Ratios To Look Out For
It is important to note that Cadence Design Systems, Inc [NASDAQ:CDNS] has a current ratio of 3.07. On the other hand, the Quick Ratio is 2.90, and the Cash Ratio is 2.14. Considering the valuation of this stock, the price to sales ratio is 17.30, the price to book ratio is 17.65 and price to earnings (TTM) ratio is 78.22.
Transactions by insiders
Recent insider trading involved Cunningham Paul, Sr. Vice President, that happened on May 01 ’25 when 650.0 shares were sold. Officer, ANIRUDH DEVGAN completed a deal on May 02 ’25 to buy 10737.0 shares. Meanwhile, Sr. Vice President Scannell Paul sold 4710.0 shares on Apr 29 ’25.
