Cadence Design Systems, Inc (NASDAQ:CDNS) currently has a daily average trading volume of 2.29M but it saw 1480776 shares traded in last market. With a market cap of 86.45B USD, the company’s current market price of $316.63 came falling about -0.29 while comparing to the previous closing price of $317.55. In past 52 weeks, the stock remained buoying in the range of price level as high as $328.99 and as low as $221.56.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the JP Morgan which upgraded the stock as “Overweight” in its note to investors issued on April 24, 2025, recommending a price target of $325 for it. Wells Fargo issued its recommendations for the stock as it initiated the price target for the stock is $350.
Over the week, CDNS’s stock price is moving -0.67% down while it is 19.29% when we observe its performance for the past one month. Year-to-date it is 5.38% up and over the past year, the stock is showing an upside performance of 8.26%.
Currently, Cadence Design Systems, Inc’s total number of outstanding shares is 273.04M with 0.33% of that held by the insiders while 92.59% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 14.91% and return on equity (ROE) at 25.92%. It has a price to earnings ratio (P/E ratio) of 80.19 while having a 40.80 of forward P/E ratio. Stock’s beta reads 1.03. Stock has a price to book (P/B) ratio of 18.10 while price to sale or P/S ratio amounts to 17.74. Its return on asset (ROA) is 14.68% on average.
