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 Q3 regulatory filings by fund managers ($100M+ AUM)
3% more repeat investments, than reductions
Existing positions increased: 467 | Existing positions reduced: 454
9% less call options, than puts
Call options by funds: $574M | Put options by funds: $633M
3.61% less ownership
Funds ownership: 88.67% [Q2] → 85.06% (-3.61%) [Q3]
6% less funds holding
Funds holding: 1,249 [Q2] → 1,180 (-69) [Q3]
16% less capital invested
Capital invested by funds: $74.3B [Q2] → $62.7B (-$11.6B) [Q3]
29% less first-time investments, than exits
New positions opened: 127 | Existing positions closed: 180
50% less funds holding in top 10
Funds holding in top 10: 22 [Q2] → 11 (-11) [Q3]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
Redburn Atlantic Lachlan Brown 80% 1-year accuracy 4 / 5 met price target | 13%upside $350 | Buy Initiated | 13 Jan 2025 |
Mizuho Siti Panigrahi 55% 1-year accuracy 12 / 22 met price target | 13%upside $350 | Outperform Maintained | 13 Dec 2024 |
Wells Fargo Joe Quatrochi 29% 1-year accuracy 2 / 7 met price target | 13%upside $350 | Overweight Initiated | 22 Nov 2024 |
Loop Capital Gary Mobley 64% 1-year accuracy 14 / 22 met price target | 16%upside $360 | Buy Initiated | 11 Nov 2024 |
Rosenblatt Blair Abernethy 49% 1-year accuracy 26 / 53 met price target | 10%downside $280 | Neutral Maintained | 29 Oct 2024 |
Financial journalist opinion
Based on 11 articles about CDNS published over the past 30 days
