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Cadence Design Sys

Cadence Design Systems is a provider of electronic design automation software, intellectual property, and system design and analysis products. EDA software automates and aids in 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.

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TSMC y líderes de la tecnología impulsan la fotónica de silicio para satisfacer las demandas de IA. Crecimiento esperado del 40% hasta 2028.

¿Qué está pasando con las acciones de Taiwan Semiconductor (TSM) el 3 de septiembre?

Cadence Design Systems, Inc. - Common Stock

Cadence Design Systems Inc

The iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) had a rocky year. While semiconductors at large posted historic gains through 2024&#8217;s first half, they <a href="https://www.benzinga.com/news/24/09/40754938/semiconductor-etfs-take-a-beating-dragged-lower-by-nvidia-amd-and-broadcom-stocks">erased much of their gains</a> in the late summer and fall. One industry analyst is optimistic about the industry&#8217;s prospects in 2025.
The Semiconductor Analyst: Bank of America analyst Vivek Arya named six of his top semiconductor picks for 2025:
<ul>
<li>NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) with a price target of $190.</li>
<li>Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) with a price target of $250.</li>
<li>Marvell Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) with a price target of $140.</li>
<li>Lam Research Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>) with a price target of $92.</li>
<li>ON Semiconductor Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) with a price target of $90.</li>
<li>Cadence Design Systems Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>) with a price target of $365.</li>
</ul>
The <a href="https://www.benzinga.com/top-stories/24/12/42511580/microchip-technology-faces-multiple-headwinds-heading-into-2025-turns-analyst-bearish">analyst also downgraded</a> Microchip Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>).
The AI Boom: Arya cited Nvidia, Broadcom and Marvell as the leaders in AI. He says Lam Research&#8217;s capital expenditures will recover in 2025 along with the reduction of China headwinds. The analyst also thinks ON Semiconductor will recover from cyclical trends while Cadence Design will benefit from its resiliency.
The analyst sees the semiconductor industry&#8217;s upcycle lasting into 2025. He noted that past bullish cycles have lasted, on average, roughly 10 quarters, while current bullishness has only lasted five quarters.
Arya sees two major trends affecting the industry in 2025.
&#8220;In the first half, we expect the AI investments driven by AI training and scaling of models to continue, doubling down on the Nvidia Blackwell deployment ramps driven by cloud customers,&#8221; the analyst said. &#8220;At the same time, we expect trends for non-AI end markets to remain weak throughout 1H.&#8221;
Arya expects the CHIPS Act, enacted under President Joe Biden, to remain in place following the inauguration of President-elect Donald Trump. He expects all remaining funding to be dispensed in 2025.
The analyst sees the automotive and industrial industries as fueling semiconductor demand in the year&#8217;s second half.
&#8220;In the second half, we expect a pickup in auto/industrial semis as customer/channel inventories normalize (replenishment + easy comps), as well as a pickup in global auto production,&#8221; Arya said.
The analyst projected electric vehicle sales to reaccelerate 29% year-over-year.
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Photo: Shutterstock

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Nvidia And 5 Other Stocks Are Analyst's Top Semiconductor Picks For 2025, Sees 2 AI Trends

Mizuho analyst Siti Panigrahi maintains Cadence Design Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>) with a Outperform and raises the price target from $325 to $350.

Mizuho Maintains Outperform on Cadence Design Sys, Raises Price Target to $350

Cadence Design Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>) has outperformed the market over the past 15 years by 18.19% on an annualized basis producing an average annual return of 30.24%. Currently, Cadence Design Sys has a market capitalization of $84.64 billion. 
Buying $1000 In CDNS: If an investor had bought $1000 of CDNS stock 15 years ago, it would be worth $53,806.09 today based on a price of $308.60 for CDNS at the time of writing.
<h3>Cadence Design Sys's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734021030_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

Here's How Much You Would Have Made Owning Cadence Design Sys Stock In The Last 15 Years

Collaboration spans interface and memory IP utilizing 2nm gate-all-around BSPDN technology and AI-driven reference flows to facilitate the development of advanced, energy-efficient chips

Reported Earlier, Cadence And Rapidus Collaborate On 2nm Gate-All-Around Technology, Advancing AI And HPC Semiconductor Innovation

Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) has appointed semiconductor industry veterans Eric Meurice and Steve Sanghi to its board of directors, the company announced Thursday, as it navigates through significant leadership transitions and market challenges.
What Happened: The appointments come days after CEO Pat Gelsinger&#8216;s <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42275410/intel-ceo-pat-gelsinger-forced-out-by-board-analysts-cheer-potential-strategy-shift-this-move-opens-the-door">reportedly forced departure</a>, due to the board&#8217;s frustration with his turnaround efforts. 
Under Gelsinger&#8217;s leadership, Intel&#8217;s stock declined over 56% year-to-date as the company struggled to compete with rivals like NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Taiwan Semiconductor Manufacturing Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>).
Meurice, who led ASML Holding NV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) from 2004 to 2013, oversaw a five-fold increase in the company&#8217;s market value and established the Customer Co-Investment Program, which included Intel&#8217;s investment in next-generation lithography technologies. 
Sanghi served as CEO of Microchip Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) for 30 years, during which the company achieved 121 consecutive profitable quarters and grew from a $10 million to $44 billion market value.
&#8220;Eric and Steve bring valuable perspectives as successful CEOs with proven track records,&#8221; said Frank Yeary, Intel&#8217;s interim executive chair, in the company&#8217;s press release.
See Also: <a href="https://www.benzinga.com/24/12/42356192/tim-cook-breaks-silence-on-defying-steve-jobs-design-philosophy-with-the-iphone-16s-camera-button-vision-pro-sales-airpods-disrupting-hearing-aids-and-whether-hell-lead-apple-into-the-next-era">Tim Cook Explains Why Apple Defied Steve Jobs&#8217; Design Philosophy With the iPhone 16&#8217;s Camera Button, Touches On Retirement Plans: &#8216;I&#8217;ll Do It Until…&#8217;</a>
Why It Matters: Currently, Intel is searching for a permanent CEO to replace Gelsinger. Recent reports suggest that former board member Lip-Bu Tan, known for his successful tenure at Cadence Design Systems Inc., is <a href="https://www.benzinga.com/24/12/42299694/intels-new-ceo-change-unlikely-to-help-gain-traction-versus-taiwan-semi-nvidia-analysts-say">among the candidates being considered</a>.
The appointments come as Intel works to regain its competitive edge in the semiconductor industry, particularly in AI-centric computing, while managing its manufacturing transformation and foundry business development.
Price Action: Intel&#8217;s stock closed at $20.80 on Thursday, down 5.28% for the day. In after-hours trading, the stock gained 0.15%. Year-to-date, Intel&#8217;s stock has dropped by 56.49%.
According to <a href="https://www.benzinga.com/quote/INTC/analyst-ratings">data from Benzinga Pro</a>, Intel has a consensus price target of $30.23, with a high of $66 and a low of $20. The most recent ratings from BofA, Northland Capital Markets, and Mizuho suggest an average target of $24, implying a 15.22% upside.
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/05233837/Screenshot-2024-12-06-at-10.07.38%E2%80%AFAM-1024x382.png" alt="" class="wp-image-679929" /></figure>
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Image via Shutterstock
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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Intel Shakes Up Board With ASML And Microchip Technology Veterans Amid CEO Transition

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Shares of stocks in the broader software sector are trading higher. Some names may be moving following better-than-expected earnings from Salesforce and Okta.

Intel&nbsp;Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) has reportedly narrowed its search for a new <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42275410/intel-ceo-pat-gelsinger-forced-out-by-board-analysts-cheer-potential-strategy-shift-this-move-opens-the-door" rel="noreferrer noopener">CEO</a>. The list of potential candidates has now been whittled down to a few prominent figures, including former board member Lip-Bu Tan, Reuters cites familiar sources.
The struggling American chipmaker&nbsp;expelled CEO Pat Gelsinger on Monday after he <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42275410/intel-ceo-pat-gelsinger-forced-out-by-board-analysts-cheer-potential-strategy-shift-this-move-opens-the-door" rel="noreferrer noopener">failed to impress</a> the board with his turnaround efforts since taking charge less than four years ago.
Intel could not gain market share compared to Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>). The stock is down over 52% year-to-date.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/guidance/24/12/42291157/microchip-slashes-q3-revenue-guidance-issues-restructuring-plan" rel="noreferrer noopener">Microchip Slashes Q3 Revenue Guidance, Issues Restructuring Plan</a>
Recently, Intel contacted Tan, who was once seen as a contender for the CEO role. Intel&#8217;s board is also considering other candidates. The chipmaker also created a search committee to find a successor.
Tan was an Intel director from September 2022 to August 2024, and his departure <a target="_blank" href="https://www.benzinga.com/markets/equities/24/08/40593141/intel-board-member-lip-bu-tan-reportedly-left-after-disputes-with-ceo-and-other-directors-over-c" rel="noreferrer noopener">marked his clash</a> with Gelsinger on Intel&#8217;s turnaround plan.
Tan is known for the turnaround plan as CEO of Cadence Design Systems Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>).
Wall Street analysts re-rated Intel following the CEO&#8217;s expulsion.
Truist Securities analyst William Stein reiterated a Hold rating on Intel with a price target of $26.
While Intel&#8217;s underperformance during Gelsinger&#8217;s tenure as CEO was worse than that of the previous four CEOs, the chipmaker did not outperform the SOX under any of them, and only under Brian Krzanich&#8217;s leadership did the stock beat the S&amp;P 500.
Stein credited Gelsinger with making some significant changes at the company, which failed to move the needle for the company.
Stein held that Intel&#8217;s decades-long manufacturing superiority led to it missing out on massive technological shifts, including a shift to mobile devices and AI-centric computing.
According to the analyst, Intel&#8217;s loss of manufacturing superiority to Taiwan Semiconductor in ~2017 exposed Intel&#8217;s less-than-perfect semiconductor design choices.
Therefore, Stein suggested selling the whole company or a part of it. His other suggestions included splitting the manufacturing business from the products business, significant downsizing, and aggressive asset monetization.
Benchmark analyst Cody Acree maintained a Hold rating on Intel.
Intel has named two senior leaders, David Zinsner and Michelle Johnston Holthaus, interim co-CEOs while the board searches for a new CEO, the analyst noted.
The company tapped CFO Zinsner and Holthaus, who had been general manager of Intel&#8217;s Client Computing Group, as CEO of Intel Products. Chair Frank Yeary will become interim executive chair during the transition period. Intel noted that its Foundry leadership structure remains unchanged.
Acree has been skeptical of Intel&#8217;s ability to successfully manage so many simultaneous objectives, including re-establishing its technology leadership in processor design and manufacturing and developing a new GPU solution to compete with Nvidia.
The analyst noted that the largest of these issues continues to be Intel&#8217;s trailing manufacturing capability versus Taiwan Semiconductor and Intel&#8217;s need to include the AI accelerator opportunity.
Acree flagged the current focus on the potential separation of Intel&#8217;s Products and Foundry business, which would deprive shareholders of the significant progress the company has made in both halves of the business.
Still, the separation of the foundry business may be the only option that calms the Street, although it would likely entail Intel foregoing the $7.8 billion of CHIPS Act funding, as the analyst stated.
Therefore, Acree does not expect a management change to pose a material fundamental catalyst anytime soon, given the size and complexities of Intel&#8217;s intertwined issues.
Price Action: INTC stock is down 5.62% at $22.59 at last check Tuesday.
Also Read:
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<li><a href="https://www.benzinga.com/24/12/42289269/taiwan-semiconductor-supplier-asml-remains-unscathed-from-bidens-latest-semiconductor-embargo-on-china" target="_blank" rel="noreferrer noopener">Taiwan Semi Supplier ASML Reiterates Outlook As Biden&#8217;s Latest Semiconductor Embargo On China Kicks In</a></li>
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Photo via Shutterstock

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Intel's New CEO Change Unlikely To Help Gain Traction Versus Taiwan Semi And Nvidia: Analysts

AST SpaceMobile, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) disclosed a collaboration with Cadence Design Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>) to support its mission of <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/b42291917/ast-spacemobile-and-cadence-collaborate-to-advance-the-worlds-first-and-only-planned-space-based-g" rel="noreferrer noopener">bridging global connectivity gaps</a>.
The partnership aims to deliver high-speed, space-based internet access directly to everyday smartphones, enhancing worldwide communication.
Cadence and AST SpaceMobile jointly developed the AST5000 ASIC, a custom low-power chip central to AST&#8217;s next-generation BlueBird program.
This advanced ASIC delivers up to ten times the processing bandwidth per satellite, paving the way for seamless, space-based cellular broadband services globally.
The AST5000 ASIC incorporates Cadence&#8217;s advanced tools, design flows, and IP, including high-speed SerDes, enabling efficient power and performance tradeoffs tailored to customer requirements across broad industrial temperature ranges.
Cadence&#8217;s design enablement team further optimized power, performance, and area (PPA) for the SoC, enhancing its efficiency and functionality.
The collaboration also leveraged Cadence&#8217;s Palladium Emulation Platform, which played a critical role in pre-silicon development by validating and refining IP integration to ensure the final design&#8217;s integrity and performance.
Boyd Phelps, senior vice president and general manager of the Silicon Solutions Group at Cadence, said, &#8220;Our extensive suite of robust, high-performance AI-driven EDA tools and IP solutions played a crucial role in the development of the AST5000 ASIC, providing a comprehensive solution spanning custom and digital design and verification.&#8221;
Last month, AST SpaceMobile&nbsp;reported&nbsp;third-quarter revenue of $1.1 million and an adjusted loss of $1.10 per share, missing&nbsp;analyst estimates<a target="_blank" href="https://www.benzinga.com/general/space/24/11/41994523/ast-spacemobile-misses-q3-earnings-expectations-announces-new-launch-service-agreements" rel="noreferrer noopener"> for a loss of 20 cents per share</a>.
Investors can gain exposure to the ASTS via&nbsp;Procure Space ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UFO#NASDAQ">UFO</a>).
Price Action: ASTS shares are down 0.09% at $23.20 at the last check Tuesday.
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Image: Shutterstock/ nmedia.

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Space-Based Internet Gets A Boost: AST SpaceMobile And Cadence Collaborate On High-Bandwidth Satellite Chip

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AST SpaceMobile and Cadence Collaborate To Advance  Space-Based Global Cellular Broadband Network

9 analysts have expressed a variety of opinions on Cadence Design Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">3</td>
<td align="right">3</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $310.56, a high estimate of $360.00, and a low estimate of $225.00. Surpassing the previous average price target of $303.00, the current average has increased by 2.5%.
<img src="https://www.benzinga.com/files/images/story/2024/1732284033_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The analysis of recent analyst actions sheds light on the perception of Cadence Design Sys by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Joe Quatrochi</td>
<td>Wells Fargo</td>
<td>Announces</td>
<td>Overweight</td>
<td>$350.00</td>
<td>-</td>
</tr>
<tr>
<td>Gary Mobley</td>
<td>Loop Capital</td>
<td>Announces</td>
<td>Buy</td>
<td>$360.00</td>
<td>-</td>
</tr>
<tr>
<td>Blair Abernethy</td>
<td>Rosenblatt</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$280.00</td>
<td>$280.00</td>
</tr>
<tr>
<td>Joe Vruwink</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$340.00</td>
<td>$332.00</td>
</tr>
<tr>
<td>Charles Shi</td>
<td>Needham</td>
<td>Lowers</td>
<td>Buy</td>
<td>$315.00</td>
<td>$320.00</td>
</tr>
<tr>
<td>Siti Panigrahi</td>
<td>Mizuho</td>
<td>Announces</td>
<td>Outperform</td>
<td>$325.00</td>
<td>-</td>
</tr>
<tr>
<td>Nay Soe Naing</td>
<td>Berenberg</td>
<td>Announces</td>
<td>Buy</td>
<td>$320.00</td>
<td>-</td>
</tr>
<tr>
<td>Blair Abernethy</td>
<td>Rosenblatt</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$280.00</td>
<td>$280.00</td>
</tr>
<tr>
<td>Edward Yang</td>
<td>Oppenheimer</td>
<td>Announces</td>
<td>Underperform</td>
<td>$225.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Cadence Design Sys. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Cadence Design Sys compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Cadence Design Sys's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Capture valuable insights into Cadence Design Sys's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/CDNS/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Cadence Design Sys analyst ratings.</a>
<h2>Get to Know Cadence Design Sys Better</h2>
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.
<h3>Understanding the Numbers: Cadence Design Sys's Finances</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Positive Revenue Trend: Examining Cadence Design Sys's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 18.81% as of 30 September, 2024, showcasing a substantial increase in top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: Cadence Design Sys's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 19.59% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Cadence Design Sys's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 5.4%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Cadence Design Sys's ROA excels beyond industry benchmarks, reaching 2.91%. This signifies efficient management of assets and strong financial health.
Debt Management: With a high debt-to-equity ratio of 0.62, Cadence Design Sys faces challenges in effectively managing its debt levels, indicating potential financial strain.
<h2>The Significance of Analyst Ratings Explained</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Key Takeaways From Cadence Design Sys Analyst Ratings

Wells Fargo analyst Joe Quatrochi initiates coverage on Cadence Design Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>) with a Overweight rating and announces Price Target of $350.

Initiation

Wells Fargo Initiates Coverage On Cadence Design Sys with Overweight Rating, Announces Price Target of $350

Cadence Design Sys's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NYSE">CDNS</a>) short percent of float has risen 19.26% since its last report. The company recently reported that it has 3.92 million shares sold short, which is 1.61% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.36 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Cadence Design Sys Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731601821_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Cadence Design Sys has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Cadence Design Sys's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Cadence Design Sys's peer group average for short interest as a percentage of float is 3.40%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into Cadence Design Sys's Recent Short Interest

Loop Capital analyst Gary Mobley initiates coverage on Cadence Design Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>) with a Buy rating and announces Price Target of $360.

Loop Capital Initiates Coverage On Cadence Design Sys with Buy Rating, Announces Price Target of $360

Cadence Design Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>) has outperformed the market over the past 10 years by 20.8% on an annualized basis producing an average annual return of 31.98%. Currently, Cadence Design Sys has a market capitalization of $79.14 billion. 
Buying $1000 In CDNS: If an investor had bought $1000 of CDNS stock 10 years ago, it would be worth $15,960.37 today based on a price of $289.01 for CDNS at the time of writing.
<h3>Cadence Design Sys's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730323828_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 10 Years Ago Would Be Worth $16,000 Today

<h3>Gainers</h3>
<ul>
<li>BIO-key Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKYI#NASDAQ">BKYI</a>) stock rose 92.7% to $1.33 during Tuesday's regular session. The company's market cap stands at $4.0 million. </li>
<li>Cemtrex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETX#NASDAQ">CETX</a>) shares moved upwards by 19.45% to $0.32. </li>
<li>CommVault Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVLT#NASDAQ">CVLT</a>) stock increased by 19.16% to $163.22. The company's market cap stands at $7.1 billion. As per the press release, Q2 earnings came out today. </li>
<li>Canaan (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAN#NASDAQ">CAN</a>) stock moved upwards by 17.45% to $1.25. The market value of their outstanding shares is at $358.2 million. </li>
<li>Greenidge Generation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GREE#NASDAQ">GREE</a>) stock increased by 16.17% to $2.73. The market value of their outstanding shares is at $29.1 million. </li>
<li>Cadence Design Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>) shares moved upwards by 12.5% to $284.37. The market value of their outstanding shares is at $77.8 billion. The company's, Q3 earnings came out yesterday. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Daqo New Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DQ#NYSE">DQ</a>) stock fell 24.8% to $21.91 during Tuesday's regular session. The market value of their outstanding shares is at $1.4 billion. </li>
<li>Harmonic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLIT#NASDAQ">HLIT</a>) stock declined by 24.67% to $11.16. The company's market cap stands at $1.3 billion. The company's, Q3 earnings came out yesterday. </li>
<li>SMX (Security Matters) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMX#NASDAQ">SMX</a>) shares declined by 18.34% to $0.39. The market value of their outstanding shares is at $2.4 million. </li>
<li>Xerox Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>) shares declined by 18.29% to $8.4. The market value of their outstanding shares is at $1.0 billion. As per the news, the Q3 earnings report came out today. </li>
<li>Phunware (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHUN#NASDAQ">PHUN</a>) shares fell 14.73% to $9.01. The company's market cap stands at $102.1 million. </li>
<li>JinkoSolar Holding Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JKS#NYSE">JKS</a>) shares decreased by 14.59% to $23.66. The company's market cap stands at $1.0 billion. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Information Technology Stocks Moving In Tuesday's Intraday Session

Rosenblatt analyst Blair Abernethy maintains Cadence Design Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>) with a Neutral and maintains $280 price target.

Rosenblatt Maintains Neutral on Cadence Design Sys, Maintains $280 Price Target

Cadence Design Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>) reported better-than-expected third-quarter <a href="https://www.benzinga.com/quote/CDNS/earnings">financial results on Monda</a>y.
Cadence Design reported quarterly earnings of $1.64 per share which beat the analyst consensus estimate of $1.44 per share. The company reported quarterly sales of $1.22 billion which beat the analyst consensus estimate of $1.18 billion.
&#8220;Cadence delivered exceptional results for the third quarter of 2024, driven by broad-based strength across our portfolio, especially in IP, SD&amp;A, and hardware systems,&#8221; said Anirudh Devgan, president and chief executive officer. &#8220;Customers are achieving outstanding results with Cadence.AI, and I&#8217;m excited by its accelerating proliferation as AI rapidly becomes an integral part of the design workflow.&#8221;
Cadence said it sees FY24 adjusted earnings of $5.87 to $5.93 per share, versus analysts' estimates of $5.89 per share. The company expects revenue of $4.61 billion to $4.65 billion versus projections of $4.628 billion.
Cadence Design shares fell 1.8% to close at $252.77 on Monday.
These analysts made changes to their price targets on Cadence Design following earnings announcement.
<ul>
<li>Needham analyst Charles Shi maintained Cadence Design Sys with a Buy and lowered the price target from $320 to $315.</li>
<li>Baird analyst Joe Vruwink maintained the stock with an Outperform and raised the price target from $332 to $340.</li>
</ul>
Considering buying CDNS stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="489" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/29085650/image-297-1024x489.png" alt="" class="wp-image-619356" style="width:653px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/29085650/image-297-1024x489.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/29085650/image-297-300x143.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/29085650/image-297-768x367.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/29085650/image-297.png 1262w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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<li><a href="https://www.benzinga.com/news/earnings/24/10/41592226/dow-surges-over-250-points-ahead-of-alphabet-pfizer-earnings-investor-sentiment-improves-fear-index">Dow Surges Over 250 Points Ahead Of Alphabet, Pfizer Earnings: Investor Sentiment Improves, Fear Index Remains In &#8216;Greed&#8217; Zone</a></li>
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Earnings

These Analysts Revise Their Forecasts On Cadence Design Systems Following Q3 Results

Baird analyst Joe Vruwink maintains Cadence Design Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>) with a Outperform and raises the price target from $332 to $340.

Baird Maintains Outperform on Cadence Design Sys, Raises Price Target to $340

Needham analyst Charles Shi maintains Cadence Design Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>) with a Buy and lowers the price target from $320 to $315.

Needham Maintains Buy on Cadence Design Sys, Lowers Price Target to $315

Cadence Design Systems shares are trading higher after the company reported better-than-expected Q3 financial results.

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Cadence Design (CDNS – Research Report), Broadcom ...

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BofA raised the firm's price target on Cadence Design (CDNS) to $365 from $310 and keeps a Buy rating on the shares. After having hosted a virtual ...

Cadence Design price target raised to $365 from $310 at BofA

Cadence Design Systems, Inc. (CDNS) 51st Annual NASDAQ Morgan Stanley Investor Conference (Transcript)

Cadence Design (CDNS) Systems "announced it is collaborating with Rapidus Corporation to provide co-optimized AI-driven reference design flows and ...

Cadence Design, Rapidus collaborate on semiconductor AI solutions

Allspring Premier Large Company Growth Fund Q3 2024 Commentary

In a report released yesterday, Lee Simpson from Morgan Stanley maintained a Buy rating on Cadence Design (CDNS – Research Report), with a price ta...

Cadence Design Systems: Strategic Initiatives and AI Focus Drive Promising Outlook

Cadence Design ( ($CDNS) ) just unveiled an announcement. Cadence Design Systems has appointed Moshe Gavrielov to its board of directors, effective...

Cadence Design Welcomes Industry Veteran to Board

Mizuho raised the firm's price target on Cadence Design (CDNS) to $350 from $325 and keeps an Outperform rating on the shares as part of a 2025 out...

Cadence Design price target raised to $350 from $325 at Mizuho

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Press Releases

Cadence Launches Fem.AI, Pledges $20M to Kickstart Gender Equity in the AI Workforce

TSMC and Cadence Collaborate to Deliver AI-Driven Advanced-Node Design Flows, Silicon-Proven IP and 3D-IC Solutions

Cadence Announces Third Quarter 2024 Financial Results Webcast

Cadence Announces Fem.AI Alliance to Lead Gender Equity Revolution in the AI Workforce

Cadence Reports Third Quarter 2024 Financial Results

Fortune and Great Place To Work® Name Cadence One of the World's Best Workplaces™ in 2024, Ranking No. 9

Cadence's Anirudh Devgan to Present at Nasdaq Investor Conference

AST SpaceMobile and Cadence Collaborate to Advance the World's First and Only Planned Space-Based Global Cellular Broadband Network

Cadence and Rapidus Collaborate on Leading-Edge 2nm Semiconductor Solutions for AI and HPC Applications

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