Cadence Design Systems, Inc. with ticker code (CDNS) now have 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 300 and 240 with the average target price sitting at $263.50. Given that the stocks previous close was at $231.25 this would indicate that there is a potential upside of 13.9%. The 50 day moving average now sits at $234.26 while the 200 day moving average is $209.02. The market capitalization for the company is 62.45B. The stock price is currently at: 229.79 USD
The potential market cap would be $71,164,512,395 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 72.26, 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.
