Cadence Design Systems, Inc. with ticker code (CDNS) have now 14 market analysts covering the stock. The analyst consensus now points to a rating of ‘buy’. The range between the high target price and low target price is between 307 and 240 calculating the average target price we see $270.86. Now with the previous closing price of $245.06 and the analysts are correct then there would likely be a percentage uptick in value of 10.5%. It’s also worth noting that there is a 50 day moving average of $236.86 and the 200 moving average now moves to $216.55. The market cap for the company is 64.86B. The stock price is currently at: 238.64 USD
The potential market cap would be $71,688,446,886 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 72.98, revenue per share of 14.08 and a 14.49% return on assets.
Cadence Design Systems, Inc. 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.
