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 Q4 regulatory disclosures by fund managers ($100M+ AUM)
89% more first-time investments, than exits
New positions opened: 204 | Existing positions closed: 108
82% more funds holding in top 10
Funds holding in top 10: 11 [Q3] → 20 (+9) [Q4]
19% more repeat investments, than reductions
Existing positions increased: 493 | Existing positions reduced: 413
15% more capital invested
Capital invested by funds: $61.9B [Q3] → $71B (+$9.12B) [Q4]
6% more funds holding
Funds holding: 1,182 [Q3] → 1,248 (+66) [Q4]
1.96% more ownership
Funds ownership: 83.88% [Q3] → 85.85% (+1.96%) [Q4]
5% more call options, than puts
Call options by funds: $648M | Put options by funds: $614M
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
B of A Securities Vivek Arya 52% 1-year accuracy 59 / 114 met price target | 18%upside $350 | Buy Maintained | 29 Apr 2025 |
JP Morgan Harlan Sur 20% 1-year accuracy 6 / 30 met price target | 11%upside $330 | Overweight Maintained | 29 Apr 2025 |
Mizuho Siti Panigrahi 50% 1-year accuracy 17 / 34 met price target | 9%upside $325 | Outperform Maintained | 29 Apr 2025 |
Baird Joe Vruwink 50% 1-year accuracy 22 / 44 met price target | 9%upside $325 | Outperform Maintained | 29 Apr 2025 |
Rosenblatt Blair Abernethy 26% 1-year accuracy 17 / 66 met price target | 1%upside $300 | Neutral Maintained | 29 Apr 2025 |
Financial journalist opinion
Based on 29 articles about CDNS published over the past 30 days
