Cadence Design Systems, Inc. (CDNS)
Summary
Wall Street Analysts Believe Cadence (CDNS) Could Rally 25.01%: Here's is How to Trade
The consensus price target hints at a 25% upside potential for Cadence (CDNS). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Why Cadence Design Systems (CDNS) Dipped More Than Broader Market Today
In the most recent trading session, Cadence Design Systems (CDNS) closed at $334.2, indicating a -4.08% shift from the previous trading day.
Cadence Design Systems: It Seems That The Customers Are Gaining Leverage
Cadence Design Systems, Inc.'s partnership and certification with TSMC for A14 chip production processes should provide revenue stability over the next few years. Competitive positioning remains unchanged for CDNS, as Synopsys and Siemens have secured similar TSMC certifications, maintaining a level playing field. Long-term CDNS risks may arise if AI models gain access to advanced design kits, warranting close monitoring of technological advancements.
Cadence Design Systems, Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 11,626 | $3.54M | $3.77M | $234,424.6 | 6.63% |
| DI David Izzi Brown, LISLE/CUMMINGS Inc. | 59 | $16,394.62 | $19,090.04 | $2,695.42 | 16.44% |
 Timothy M. Bidwell Hazlett, BURT & WATSON Inc. | 1,291 | $413,793.81 | $411,106.04 | -$2,687.77 | -0.65% |
| LC Lisa Candera CIGNA INVESTMENTS Inc. /NEW | 2,576 | $243,511.83 | $819,451.36 | $575,939.53 | 236.51% |
 Curtis Ellergodt Rothschild Investment LLC | 393 | $119,615.77 | $127,481.34 | $7,865.57 | 6.58% |
Cadence Design Systems, Inc. Analysts
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| KC Kelsey Chia Citigroup | 624.37 | $196,866.88 | $199,049.92 | $2,183.04 | 1.11% |
Cadence Design Systems, Inc. (CDNS) FAQ
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Cadence Design Systems, Inc. Profile
| Software Industry | Information Technology Sector | Anirudh Devgan CEO | NASDAQ (NGS) Exchange | 127387108 CUSIP |
| US Country | 13,800 Employees | - Last Dividend | 17 Nov 1997 Last Split | 10 Jun 1987 IPO Date |
Overview
Cadence Design Systems, Inc. is a global leader in providing comprehensive software, hardware, services, and reusable integrated circuit (IC) design blocks. This company caters to a wide array of industries including consumer, hyperscale computing, 5G communications, mobile, automotive, aerospace and defense, industrial, and life sciences. Founded in 1987 with its headquarters in San Jose, California, Cadence remains at the forefront of innovation, fulfilling the needs for functional verification, digital IC design and sign-off, custom IC design and simulation, as well as system design and analysis. Moreover, it enriches the design experience with a broad spectrum of intellectual property (IP) products and various supportive services aimed at enhancing methodology, education, and providing hosted design solutions.
Products and Services
- Functional Verification Services: This suite includes JasperGold, a formal verification platform; Xcelium, for parallel logic simulation; Palladium, an enterprise emulation platform; and Protium, catering to prototyping for chip verification. These products collectively aim to enhance the accuracy and efficiency of verifying IC designs before physical production.
- Digital IC Design and Sign Off Products: Featuring Genus synthesis and Joules RTL power solutions for creating energy-efficient designs and Modus DFT software solution to shorten design-for-test time. Other tools like the Innovus implementation system offer a comprehensive package for place and route, optimization, and preparation for multiple patterning, facilitating a streamlined physical implementation process.
- Custom IC Design and Simulation: These products enable the creation of schematic and physical representations of circuits at the transistor level for various types of designs, including analog, mixed-signal, custom digital, memory, and RF designs. This offering is essential for designers focusing on the detailed aspects of IC designs.
- System Design and Analysis: Offering tools to develop printed circuit boards and IC packages, this segment is particularly focused on analyzing electromagnetic, electro-thermal, and multi-physics effects, which are critical for ensuring the reliability and performance of the systems in real-world applications.
- Intellectual Property (IP) Products: Cadence provides a portfolio of pre-verified and customizable functional blocks (IPs) for easy integration into customer's ICs, and verification IP with memory models. These IPs help in accelerating the design process by eliminating the need to design complex subsystems from scratch.
- Services: Apart from products, Cadence also offers an array of services related to methodology, education, and hosted design solutions, as well as comprehensive technical support and maintenance services. These are designed to augment the user experience, ensuring not only the success of the design projects but also the growth of the design teams' knowledge and efficiency.
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