Cadence Design SystemsCDNS
About: Cadence Design Systems is a provider of electronic design automation software, intellectual property, and system design and analysis products. EDA software automates the chip design process, enhancing design accuracy, productivity, and complexity in a full-flow end-to-end solution. Cadence offers a portfolio of design IP, as well as system design and analysis products, which enable system-level analysis and verification solutions. Cadence's comprehensive portfolio is benefiting from a mutual convergence of semiconductor companies moving up-stack toward systems-like companies, and systems companies moving down-stack toward in-house semiconductor design. The resulting expansion in EDA customers, alongside secular digitalization of various end markets, benefits EDA vendors like Cadence.
Employees: 11,200
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
82% more funds holding in top 10
Funds holding in top 10: 11 [Q3] → 20 (+9) [Q4]
73% more first-time investments, than exits
New positions opened: 187 | Existing positions closed: 108
20% more repeat investments, than reductions
Existing positions increased: 479 | Existing positions reduced: 399
13% more capital invested
Capital invested by funds: $62.7B [Q3] → $70.8B (+$8.12B) [Q4]
2% more funds holding
Funds holding: 1,181 [Q3] → 1,199 (+18) [Q4]
6% more call options, than puts
Call options by funds: $648M | Put options by funds: $613M
0.52% more ownership
Funds ownership: 85.06% [Q3] → 85.58% (+0.52%) [Q4]
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
Baird Joe Vruwink 49% 1-year accuracy 20 / 41 met price target | 30%upside $335 | Outperform Maintained | 20 Feb 2025 |
Loop Capital Gary Mobley 52% 1-year accuracy 11 / 21 met price target | 32%upside $340 | Buy Maintained | 19 Feb 2025 |
B of A Securities Vivek Arya 50% 1-year accuracy 53 / 105 met price target | 35%upside $350 | Buy Maintained | 19 Feb 2025 |
Rosenblatt Blair Abernethy 49% 1-year accuracy 28 / 57 met price target | 14%upside $295 | Neutral Maintained | 19 Feb 2025 |
Needham Charles Shi 31% 1-year accuracy 25 / 81 met price target | 26%upside $325 | Buy Reiterated | 19 Feb 2025 |
Financial journalist opinion
Based on 22 articles about CDNS published over the past 30 days
