In the latest trading session,, 1.12 million Cadence Design Systems, Inc (NASDAQ:CDNS) shares changed hands as the company’s beta touched 1.04. With the company’s most recent per share price at $299.81 changing hands around $14.07 or 4.92% at last look, the market valuation stands at $82.24B. CDNS’s current price is a discount, trading about -9.73% off its 52-week high of $328.99. The share price had its 52-week low at $221.56, which suggests the last value was 26.1% up since then. When we look at Cadence Design Systems, Inc’s average trading volume, we note the 10-day average is 2.0 million shares, with the 3-month average coming to 2.33 million.
Analysts gave the Cadence Design Systems, Inc (CDNS) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.60. If we narrow down to specifics, the data shows that 0 out of 13 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended CDNS as a Hold, 12 felt it is a Buy and 0 rated the stock as Underweight.
Cadence Design Systems, Inc (NASDAQ:CDNS) trade information
Instantly CDNS is in green as seen in intraday trades today. With action 16.14%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -0.22%, with the 5-day performance at 16.14% in the green. However, in the 30-day time frame, Cadence Design Systems, Inc (NASDAQ:CDNS) is 16.80% up. Looking at the short shares, we see there were 4.87 million shares sold at short interest cover period of 1.99 days.
The consensus price target for the stock as assigned by Wall Street analysts is 330, meaning bulls need an upside of 9.15% from its recent market value. According to analyst projections, CDNS’s forecast low is 300 with 360 as the target high. To hit the forecast high, the stock’s price needs a -20.08% plunge from its current level, while the stock would need to soar -0.06% for it to hit the projected low.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 1.80%. The 2025 estimates are for Cadence Design Systems, Inc earnings to increase by 13.78%, but the outlook for the next 5-year period is at 14.13% per year.
CDNS Dividends
Cadence Design Systems, Inc is expected to release its next quarterly earnings report on 2025-Apr-27.
Cadence Design Systems, Inc (NASDAQ:CDNS)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.33% of Cadence Design Systems, Inc shares while 91.85% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 92.15%. There are 91.85% institutions holding the Cadence Design Systems, Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 11.314% of the shares, roughly 30.65 million CDNS shares worth $9.43 billion.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 9.3801% or 25.41 million shares worth $7.82 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard 500 Index Fund . With 8.59 shares estimated at $2.58 billion under it, the former controlled 3.13% of total outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard 500 Index Fund held about 2.71% of the shares, roughly 7.42 shares worth around $2.23 billion.
