Equities
  • Price (USD)287.48
  • Today's Change2.20 / 0.77%
  • Shares traded840.56k
  • 1 Year change+40.79%
  • Beta1.0426
Data delayed at least 15 minutes, as of May 10 2024 21:00 BST.
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About the company

Cadence Design Systems, Inc. is an electronic system designing company. The Company provides computational software, special-purpose computational hardware, intellectual property (IP) and services to multiple vertical sectors. The Company's Custom IC Design and Simulation offerings are used by its customers to create schematic and physical representations of circuits down to the transistor level for analog, mixed-signal, custom digital, memory and radio frequency (RF) designs. Its Digital IC Design and Signoff solutions are used to create logical representations of a digital circuit or an integrated circuit (IC) that can be verified for correctness prior to implementation. The Company’s Functional Verification products are used by its customers to verify that the circuitry or the software they have designed is consistent with the functional specification. Its IP offerings consist of pre-verified, customizable functional blocks.

  • Revenue in USD (TTM)4.08bn
  • Net income in USD1.05bn
  • Incorporated1987
  • Employees11.20k
  • Location
    Cadence Design Systems Inc2655 Seely Avenue Bldg 5SAN JOSE 95134United StatesUSA
  • Phone+1 (408) 943-1234
  • Fax+1 (408) 428-5001
  • Websitehttps://www.cadence.com/
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Mergers & acquisitions

Acquired companyDeal statusDateDate /
Deal status
CDNS:NSQ since
announced
Transaction
value
BETA CAE Systems International AGAnnounced05 Mar 202405 Mar 2024Announced-9.40%1.24bn
INVECAS IncDeal completed08 Jan 202408 Jan 2024Deal completed13.76%--
Intrinsix CorpDeal completed20 Sep 202320 Sep 2023Deal completed21.53%35.00m
Rambus Inc-PHY IP BusinessDeal completed20 Jul 202320 Jul 2023Deal completed18.55%--
Pulsic LtdDeal completed21 May 202321 May 2023Deal completed32.66%--
Data delayed at least 15 minutes, as of May 10 2024 21:00 BST.

Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
Revenue
(YOY change %)
Revenue
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
Dividend
(5 yr growth rate)
Trade Desk Inc2.05bn201.27m43.35bn3.12k220.1921.81152.5821.100.40270.40274.114.070.4743--0.8732659,573.104.654.678.859.4981.2980.659.8011.59------0.0023.3432.46235.1915.2116.91--
Fortinet Inc5.40bn1.20bn44.36bn13.52k37.89--33.098.221.531.536.90-0.18020.74453.335.18397,685.7016.9214.0532.9925.2477.1376.5422.7219.901.08--1.160.0020.0924.1133.8925.7730.95--
Autodesk Inc5.50bn906.00m46.77bn13.70k52.0625.2144.758.514.204.2025.488.670.5682--5.98--9.369.4216.4717.4190.7090.5616.4816.66----0.5518--9.8316.4210.09---1.86--
Atlassian Corp4.17bn-162.55m46.81bn10.73k--41.31--11.24-0.6116-0.611616.094.350.936--8.40388,412.40-3.65-15.68-7.13-43.4881.8683.22-3.90-22.87----0.4622--26.1132.036.30---3.10--
Workday Inc7.26bn1.38bn64.93bn18.80k39.688.0339.168.956.206.2027.3130.630.4849--4.52386,117.009.230.555413.640.940975.6072.9719.021.06----0.26940.0016.7820.80476.55---9.29--
PayPal Holdings Inc30.43bn4.34bn67.42bn27.20k16.203.2812.472.223.983.9827.8719.660.3791--29.331,118,750.005.415.1613.0011.8039.3243.7714.2614.35----0.34590.008.1914.0275.5315.37-5.42--
Crowdstrike Holdings Inc3.06bn89.33m77.32bn7.93k875.9433.38327.7525.300.3630.36312.549.530.5235--4.13385,559.001.55-3.422.66-5.6475.2773.952.96-6.89----0.2411--36.3365.00148.75--40.93--
Cadence Design Systems Inc4.08bn1.05bn77.63bn11.20k74.3321.7664.8319.043.843.8414.9413.110.74862.788.63364,053.5019.2219.9325.3926.1089.3189.2425.6826.601.19--0.1540.0014.8313.8522.6424.7710.76--
Synopsys Inc6.13bn1.38bn83.88bn20.30k61.6612.5751.6313.688.929.0739.5243.730.60934.204.34301,995.5013.6310.1018.6914.1579.3378.8322.3818.601.14--0.0025--14.9813.3622.5017.15-8.29--
Palo Alto Networks Inc7.53bn2.28bn95.53bn14.79k46.2321.9037.4512.696.406.4021.4013.500.4786--4.74539,675.9014.48-1.4029.93-2.6774.0570.7730.24-2.94----0.2948--25.2924.83264.68--5.49--
Automatic Data Processing Inc18.91bn3.70bn100.34bn63.00k27.3721.7123.525.318.968.9645.7811.290.3049--5.79300,190.505.965.7741.9830.3345.5643.2319.5617.53--33.500.392759.369.186.2915.7010.533.9613.80
Palantir Technologies Inc2.33bn298.55m101.14bn3.68k166.6512.47299.4443.330.12690.12690.99841.700.5499--6.30624,943.507.17-17.328.73-22.7781.1676.3713.04-32.23----0.00--16.7530.17156.15--3.05--
Data as of May 10 2024. Currency figures normalised to Cadence Design Systems Inc's reporting currency: US Dollar USD

Institutional shareholders

35.76%Per cent of shares held by top holders
HolderShares% Held
The Vanguard Group, Inc.as of 31 Dec 202323.33m8.56%
BlackRock Fund Advisorsas of 31 Dec 202315.20m5.58%
SSgA Funds Management, Inc.as of 31 Dec 202311.68m4.28%
Massachusetts Financial Services Co.as of 31 Dec 202310.70m3.93%
Fidelity Management & Research Co. LLCas of 31 Dec 20238.50m3.12%
Jennison Associates LLCas of 31 Mar 20247.09m2.60%
Geode Capital Management LLCas of 31 Dec 20236.02m2.21%
BlackRock Investment Management (UK) Ltd.as of 31 Dec 20235.86m2.15%
T. Rowe Price Associates, Inc. (Investment Management)as of 31 Dec 20234.90m1.80%
Norges Bank Investment Managementas of 31 Dec 20234.19m1.54%
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Data from 31 Dec 2023 - 31 Mar 2024Source: FactSet Research Systems Inc.
Data Provided by LSEG
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