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 and aids in 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 enables system-level analysis and verification solutions.
Employees: 12,700
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
85% more first-time investments, than exits
New positions opened: 203 | Existing positions closed: 110
82% more funds holding in top 10
Funds holding in top 10: 11 [Q3] → 20 (+9) [Q4]
20% more repeat investments, than reductions
Existing positions increased: 493 | Existing positions reduced: 411
15% more capital invested
Capital invested by funds: $61.9B [Q3] → $70.9B (+$9.09B) [Q4]
5% more funds holding
Funds holding: 1,183 [Q3] → 1,245 (+62) [Q4]
1.93% more ownership
Funds ownership: 83.88% [Q3] → 85.81% (+1.93%) [Q4]
5% more call options, than puts
Call options by funds: $648M | Put options by funds: $614M
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
Mizuho Siti Panigrahi 48% 1-year accuracy 16 / 33 met price target | 15%upside $300 | Outperform Maintained | 15 Apr 2025 |
Oppenheimer Edward Yang 42% 1-year accuracy 5 / 12 met price target | 23%downside $200 | Underperform Maintained | 19 Mar 2025 |
Baird Joe Vruwink 37% 1-year accuracy 16 / 43 met price target | 29%upside $335 | Outperform Maintained | 20 Feb 2025 |
Loop Capital Gary Mobley 14% 1-year accuracy 3 / 21 met price target | 31%upside $340 | Buy Maintained | 19 Feb 2025 |
B of A Securities Vivek Arya 50% 1-year accuracy 56 / 113 met price target | 35%upside $350 | Buy Maintained | 19 Feb 2025 |
Financial journalist opinion
Based on 17 articles about CDNS published over the past 30 days
