Cadence Design Systems which can be found using ticker (CDNS) now have 15 analysts in total covering the stock. The consensus rating is pointing to ‘buy’. The range between the high target price and low target price is between 300 and 240 calculating the average target price we see $261.89. Now with the previous closing price of $240.44 this indicates there is a potential upside of 8.9%. There is a 50 day moving average of $232.39 while the 200 day moving average is $203.73. The company has a market capitalization of 66.20B. The stock price for Apple Inc. is 243.56 USD
The potential market cap would be $72,102,722,120 based on the market consensus.
The company has a dividend yield of 6.9%. Other points of data to note are a P/E ratio of 73.58, revenue per share of 14.08 and a 14.49% return on assets.
Cadence Design Systems is an electronic system designing company. The Company’s Custom IC Design and Simulation offerings are used by its customers to create schematic and physical representations of circuits down to the transistor level for analog, mixed-signal, custom digital, memory and radio frequency (RF) designs. Its Digital IC Design and Signoff solutions are used to create logical representations of a digital circuit or an integrated circuit (IC) that can be verified for correctness prior to implementation. The Company’s Functional Verification products are used by its customers to verify that the circuitry or the software they have designed is consistent with the functional specification. Its IP offerings consist of pre-verified, customizable functional blocks. Its System Design and Analysis offerings are used by its customers to develop printed circuit boards (PCBs) and advanced IC packages and to analyze electromagnetic, electro-thermal and other multi-physics effects.
