Cadence Design Systems, Inc. with ticker code (CDNS) have now 14 confirmed analysts covering the stock with the consensus suggesting a rating of ‘buy’. The range between the high target price and low target price is between $307.00 and $240.00 and has a mean target at $270.86. Given that the stocks previous close was at $244.48 this would indicate that there is a potential upside of 10.8%. There is a 50 day moving average of $239.37 and the 200 day MA is $220.11. The market cap for the company is 67.89B. The stock price is currently at: $249.54 USD
The potential market cap would be $75,215,889,960 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 70.89, revenue per share of $14.55 and a 13.79% 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.
