cadence design systems inc. - CDNS
CDNS
Close Chg Chg %
264.31 -5.05 -1.91%
Closed Market
259.26
-5.05 (1.91%)
Volume: 2.17M
Last Updated:
Apr 16, 2025, 4:00 PM EDT
Company Overview: cadence design systems inc. - CDNS
CDNS Key Data
| Open $256.51 | Day Range 254.48 - 262.08 |
| 52 Week Range 221.56 - 328.99 | Market Cap $72.50B |
| Shares Outstanding 274.31M | Public Float 273.14M |
| Beta 1.14 | Rev. Per Employee N/A |
| P/E Ratio 68.57 | EPS $3.89 |
| Yield 0.00% | Dividend N/A |
| EX-DIVIDEND DATE | SHORT INTEREST N/A |
| AVERAGE VOLUME 2.45M |
CDNS Performance
| 1 Week | 1.87% | ||
| 1 Month | 6.82% | ||
| 3 Months | -13.51% | ||
| 1 Year | -5.69% | ||
| 5 Years | 236.06% |
CDNS Analyst Ratings
- Sell
- Under
- Hold
- Over
- Buy
Number of Ratings
23
Full Ratings ➔
About cadence design systems inc. - CDNS
Cadence Design Systems, Inc. engages in the provision of design and development of integrated circuits and electronic devices. It operates through the following geographical segments: Americas, Asia, EMEA, and Japan. The company was founded by Alberto Sangiovanni-Vincentelli, Gudmundur A. Hjartarson, K. Bobby Chao, and K. Charles Janac in June 1988 and is headquartered in San Jose, CA.
CDNS At a Glance
Cadence Design Systems, Inc.
2655 Seely Avenue
San Jose, California 95134
| Phone | 1-408-943-1234 | Revenue | 4.64B | |
| Industry | Packaged Software | Net Income | 1.06B | |
| Sector | Technology Services | 2024 Sales Growth | 13.479% | |
| Fiscal Year-end | 12 / 2025 | Employees | 12,700 | |
| View SEC Filings |
CDNS Valuation
| P/E Current | 67.316 |
| P/E Ratio (with extraordinary items) | N/A |
| P/E Ratio (without extraordinary items) | 77.95 |
| Price to Sales Ratio | 17.727 |
| Price to Book Ratio | 17.606 |
| Price to Cash Flow Ratio | 65.27 |
| Enterprise Value to EBITDA | 52.089 |
| Enterprise Value to Sales | 17.693 |
| Total Debt to Enterprise Value | 0.032 |
CDNS Efficiency
| Revenue/Employee | 365,453.858 |
| Income Per Employee | 83,108.976 |
| Receivables Turnover | 6.539 |
| Total Asset Turnover | 0.634 |
CDNS Liquidity
| Current Ratio | 2.931 |
| Quick Ratio | 2.743 |
| Cash Ratio | 2.032 |
CDNS Profitability
| Gross Margin | 85.395 |
| Operating Margin | 29.93 |
| Pretax Margin | 30.074 |
| Net Margin | 22.741 |
| Return on Assets | 14.415 |
| Return on Equity | 26.133 |
| Return on Total Capital | 14.458 |
| Return on Invested Capital | 19.055 |
CDNS Capital Structure
| Total Debt to Total Equity | 56.202 |
| Total Debt to Total Capital | 35.98 |
| Total Debt to Total Assets | 29.268 |
| Long-Term Debt to Equity | 55.313 |
| Long-Term Debt to Total Capital | 35.411 |
- Income Statement
- Balance Sheet
- Cash Flow Statement
Annual Financials for Cadence Design Systems Inc. - CDNS
Collapse All in section
| All values USD millions. | 2021 | 2022 | 2023 | 2024 | 5-year trend |
|---|---|---|---|---|---|
Sales/Revenue
| 2.99B | 3.56B | 4.09B | 4.64B | |
Sales Growth
| +11.38% | +19.19% | +14.83% | +13.48% | |
Cost of Goods Sold (COGS) incl D&A
| 326.65M | 390.09M | 453.20M | 677.88M | |
COGS excluding D&A
| - | - | - | - | - |
Depreciation & Amortization Expense
| 142.31M | 132.09M | 140.37M | 187.35M | |
Depreciation
| 75.09M | 72.27M | 78.40M | 96.90M | |
Amortization of Intangibles
| 67.22M | 59.82M | 61.97M | 90.45M | |
COGS Growth
| +0.97% | +19.42% | +16.18% | +49.57% | |
Gross Income
| 2.66B | 3.17B | 3.64B | 3.96B | |
Gross Income Growth
| +12.81% | +19.16% | +14.67% | +8.98% | |
Gross Profit Margin
| +89.07% | +89.05% | +88.92% | +85.39% |
| 2021 | 2022 | 2023 | 2024 | 5-year trend | |
|---|---|---|---|---|---|
SG&A Expense
| 1.88B | 2.10B | 2.36B | 2.57B | |
Research & Development
| 1.13B | 1.25B | 1.44B | 1.55B | |
Other SG&A
| 749.28M | 846.34M | 920.65M | 1.03B | |
SGA Growth
| +10.65% | +11.38% | +12.61% | +8.97% | |
Other Operating Expense
| - | - | - | - | - |
Unusual Expense
| (1.05M) | 55.00K | 12.26M | 27.22M | |
EBIT after Unusual Expense
| 779.09M | 1.07B | 1.26B | 1.36B | |
Non Operating Income/Expense
| 6.33M | (5.39M) | 56.03M | 109.91M | |
Non-Operating Interest Income
| 2.63M | 10.10M | 29.64M | 62.48M | |
Equity in Earnings of Affiliates
| - | - | 34.60M | 49.59M | - |
Interest Expense
| 16.98M | 22.93M | 36.19M | 76.00M | |
Interest Expense Growth
| -18.16% | +35.06% | +57.78% | +110.03% | |
Gross Interest Expense
| 16.98M | 22.93M | 36.19M | 76.00M | |
Interest Capitalized
| - | - | - | - | - |
Pretax Income
| 768.43M | 1.05B | 1.28B | 1.40B | |
Pretax Income Growth
| +21.44% | +36.04% | +22.63% | +8.88% | |
Pretax Margin
| +25.72% | +29.35% | +31.34% | +30.07% | |
Income Tax
| 72.48M | 196.41M | 240.78M | 340.33M | |
Income Tax - Current - Domestic
| 45.20M | 219.66M | 172.43M | 332.10M | |
Income Tax - Current - Foreign
| 70.45M | 84.36M | 104.87M | 136.97M | |
Income Tax - Deferred - Domestic
| (46.82M) | (129.81M) | (62.41M) | (135.62M) | |
Income Tax - Deferred - Foreign
| 3.64M | 22.20M | 25.90M | 6.88M | |
Income Tax Credits
| - | - | - | - | - |
Equity in Earnings of Affiliates
| - | - | 34.60M | 49.59M | - |
Other After Tax Income (Expense)
| - | - | - | - | - |
Consolidated Net Income
| 695.96M | 848.95M | 1.04B | 1.06B | |
Minority Interest Expense
| - | - | - | - | - |
Net Income
| 695.96M | 848.95M | 1.04B | 1.06B | |
Net Income Growth
| +17.83% | +21.98% | +22.64% | +1.38% | |
Net Margin Growth
| +23.29% | +23.84% | +25.46% | +22.74% | |
Extraordinaries & Discontinued Operations
| - | - | - | - | - |
Discontinued Operations
| - | - | - | - | - |
Net Income After Extraordinaries
| 695.96M | 848.95M | 1.04B | 1.06B | |
Preferred Dividends
| - | - | - | - | - |
Net Income Available to Common
| 695.96M | 848.95M | 1.04B | 1.06B | |
EPS (Basic)
| 2.5446 | 3.1304 | 3.865 | 3.8917 | |
EPS (Basic) Growth
| +17.93% | +23.02% | +23.47% | +0.69% | |
Basic Shares Outstanding
| 273.50M | 271.20M | 269.38M | 271.21M | |
EPS (Diluted)
| 2.4957 | 3.087 | 3.8172 | 3.8545 | |
EPS (Diluted) Growth
| +18.16% | +23.69% | +23.65% | +0.98% | |
Diluted Shares Outstanding
| 278.86M | 275.01M | 272.75M | 273.83M | |
EBITDA
| 920.35M | 1.21B | 1.41B | 1.58B | |
EBITDA Growth
| +14.64% | +31.02% | +17.32% | +11.43% | |
EBITDA Margin
| +30.80% | +33.86% | +34.59% | +33.97% |
Snapshot
| Average Recommendation | OVERWEIGHT | Average Target Price | 325.053 | |
| Number of Ratings | 23 | Current Quarters Estimate | 1.582 | |
| FY Report Date | 06 / 2025 | Current Year's Estimate | 6.715 | |
| Last Quarter’s Earnings | 1.49 | Median PE on CY Estimate | N/A | |
| Year Ago Earnings | 5.97 | Next Fiscal Year Estimate | 7.701 | |
| Median PE on Next FY Estimate | N/A |
Earnings Per Share
| This Quarter | Next Quarter | This Fiscal | Next Fiscal | |
|---|---|---|---|---|
| # of Estimates | 14 | 14 | 18 | 17 |
| Mean Estimate | 1.58 | 1.73 | 6.72 | 7.70 |
| High Estimates | 1.67 | 1.84 | 6.91 | 8.06 |
| Low Estimate | 1.52 | 1.67 | 6.56 | 7.23 |
| Coefficient of Variance | 2.71 | 2.74 | 1.00 | 3.04 |
Analysts Recommendations
| Current | 1 Month Ago | 3 Months Ago | |
|---|---|---|---|
| BUY | 15 | 15 | 15 |
| OVERWEIGHT | 3 | 3 | 3 |
| HOLD | 4 | 4 | 5 |
| UNDERWEIGHT | 0 | 0 | 0 |
| SELL | 1 | 1 | 1 |
| MEAN | Overweight | Overweight | Overweight |
SEC Filings for Cadence Design Systems Inc. - CDNS
| Filing Date | Type | Category | Amended |
|---|---|---|---|
| No results | |||
Insider Actions for Cadence Design Systems Inc. - CDNS
| Date | Name | Shares | Transaction | Value |
|---|---|---|---|---|
| Apr 4, 2025 | Paul Cunningham Sr. Vice President | 108,799 | Open market or private sale of non-derivative or derivative security Non-derivative transaction at $252.64 per share | 27,486,979.36 |
| Mar 21, 2025 | Karna Nisewaner SVP & General Counsel | 13,514 | Open market or private sale of non-derivative or derivative security Non-derivative transaction at $246.25 per share | 3,327,822.50 |
| Mar 21, 2025 | Anirudh Devgan President and CEO; Director | 176,966 | Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $255.11 per share | 45,145,796.26 |
| Mar 21, 2025 | Anirudh Devgan President and CEO; Director | 180,139 | Grant, award or other acq pursuant to Rule 16b-3(d) | 0.00 |
| Mar 21, 2025 | Anirudh Devgan President and CEO; Director | 45,100 | Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $255.11 per share | 11,505,461.00 |
| Mar 21, 2025 | John M. Wall Sr. VP & CFO | 65,130 | Grant, award or other acq pursuant to Rule 16b-3(d) | 0.00 |
| Mar 21, 2025 | Paul Scannell Sr. Vice President | 18,857 | Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $255.11 per share | 4,810,609.27 |
| Mar 21, 2025 | John M. Wall Sr. VP & CFO | 64,178 | Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $255.11 per share | 16,372,449.58 |
| Mar 21, 2025 | Paul Cunningham Sr. Vice President | 109,449 | Grant, award or other acq pursuant to Rule 16b-3(d) | 0.00 |
| Mar 21, 2025 | Paul Cunningham Sr. Vice President | 95,154 | Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $255.11 per share | 24,274,736.94 |
| Mar 21, 2025 | Paul Cunningham Sr. Vice President | 96,014 | Grant, award or other acq pursuant to Rule 16b-3(d) | 0.00 |
| Mar 21, 2025 | John M. Wall Sr. VP & CFO | 80,515 | Grant, award or other acq pursuant to Rule 16b-3(d) | 0.00 |
| Mar 21, 2025 | Chin Chi Teng Sr. Vice President | 89,667 | Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $255.11 per share | 22,874,948.37 |
| Mar 21, 2025 | Paul Scannell Sr. Vice President | 21,572 | Grant, award or other acq pursuant to Rule 16b-3(d) | 0.00 |
| Mar 21, 2025 | Paul Scannell Sr. Vice President | 33,152 | Grant, award or other acq pursuant to Rule 16b-3(d) | 0.00 |
| Mar 21, 2025 | Chin Chi Teng Sr. Vice President | 139,713 | Grant, award or other acq pursuant to Rule 16b-3(d) | 0.00 |
| Mar 21, 2025 | Anirudh Devgan President and CEO; Director | 220,285 | Grant, award or other acq pursuant to Rule 16b-3(d) | 0.00 |
| Mar 21, 2025 | John M. Wall Sr. VP & CFO | 24,618 | Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $255.11 per share | 6,280,297.98 |
| Mar 21, 2025 | Chin Chi Teng Sr. Vice President | 125,418 | Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $255.11 per share | 31,995,385.98 |
| Mar 21, 2025 | Karna Nisewaner SVP & General Counsel | 23,941 | Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $255.11 per share | 6,107,588.51 |