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 $350.00 and $280.00 calculating the mean target price we have $329.67. Given that the stocks previous close was at $294.69 this would imply there is now a potential upside of 11.9%. It’s also worth noting that there is a 50 day moving average of $295.99 while the 200 day moving average is $271.76. The total market capitalization for the company now stands at 80.08B. The current stock price for Microsoft Corporation is currently $294.28 USD
The potential market cap would be $89,589,603,315 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 76.84, revenue per share of $15.14 and a 13.86% 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.
