CDNS logo
Cadence Design Systems Inc.
CDNS
324.42 (0.14%) 0.46
88.40(B)
Information Technology
Software
Cadence Design Systems Inc. provides software hardware and other services worldwide. The company offers functional verification services such as Jasper a formal verification platform; Xcelium a parallel logic simulation platform; Palladium an enterprise emulation platform; and Protium a prototyping platform for chip verification. It also provides digital IC design and sign off products including Genus synthesis and Joules RTL power solutions as well as Modus DFT software solution to reduce systems-on-chip design-for-test time; physical implementation tools such as place and route optimization and performing sign-off checks for manufacturing; and Innovus implementation system a digital IC design and signoff solution. In addition the company offers custom IC design and simulation such as Virtuoso Studio a solution platform for custom analog mixed-signal photonics and RF semiconductors; and system design and analysis products a Multiphysics platform that helps in design and simulate electronics and entire systems in electromagnetic thermal structure computational fluid dynamics molecular PCB and packaging mechanical and structural analysis. Further it provides semiconductor IP product for design architectures; Functional Verification; digital ic design and signoff; EDA product that addresses the design and verification for semiconductor chips and manufacturing process technologies; and verification IP with memory models to emulate and model the expected behavior and interaction of standard industry system interface protocols. Additionally it offers services related to methodology education and hosted design solutions as well as technical support and maintenance services. It serves consumer hyperscale computing 5G communications mobile automotive aerospace and defense industrial and life science industries. Cadence Design Systems Inc. was incorporated in 1987 and is headquartered in San Jose California.

My Quality Checklist

5Y Shares Out Change < 0%
ROIC > 10%
Debt/Equity < 1
Current Ratio > 1
Quick Ratio > 1
Net Margin > 10%
Past Net Income CAGR > 0%
Est. EPS Growth > 5%
0.0%of Portfolio

My holdings

Day change:
Total change:
Shares:
Cost basis:
Compare
Market cap:$88.40(B)
EV:$87.88(B)
Total Equity:$5.01(B)
Div. yield:0.00%
Earnings date:Oct-27-2025
P/E:87.21
P/E (fwd):46.81
P/FCF:55.74
P/S:17.33
P/B:17.66
EPS:$3.7
EPS (fwd):$6.9
FCF/share:$5.8
Book value/share:$18.4
Dividend/share:$0.0
ROIC:15.4%
ROA:12.1%
ROE:21.8%
Gross margin:85.6%
Net margin:19.9%

CDNS Valuation & Price Targets

Current Price
$324
Day change: +0.14%
PEvaluation
N/A
N/A
Analyst targets
N/A
N/A
DCF (2-stage)
N/A
N/A
DCF (simple)
N/A
N/A
DCF (exit mult.)
N/A
N/A
EPS growth
N/A
N/A
Revenue growth
N/A
N/A
Peter Lynch FV
N/A
N/A
Graham No.
N/A
N/A
DDM
N/A
N/A

PEvaluation

65% overvalued
Low
$84
Mid
$112
High
$140
Current price
$324
Fair P/E
Margin of safety
EPS
Market Model
Shares outstan...ROICRevenue growthDebt/FCFAssets/Liabili...
Economic moat: None/narrow

EPS Estimates

LowAvgHigh#
FY+16.86.97.121
FY+27.47.98.422
FY+37.89.19.712
FY+48.79.610.42
FY+59.510.711.92

Analyst Price Targets

20% undervalued
Low
$200
Mid
$390
High
$410
Current price
$324

Analyst Recommendations

Strong Buy5
Buy14
Hold4
Sell1
Strong Sell0

2-stage DCF

First Stage Duration
Starting Free Cash Flow
First Stage Growth Rate
LowMidHigh
Terminal Growth Rate
LowMidHigh
Discount Rate

Discounted Cash Flow

Forecast years
Terminal Growth Rate
LowMidHigh
Discount Rate
Free cash flow estimates:
Y+1 est.
Y+2 est.
0.00%
Y+3 est.
0.00%
Y+4 est.
0.00%
Y+5 est.
0.00%

Discounted Cash Flow (exit mult.)

Forecast years
Exit FCF Multiple
LowMidHigh
Discount Rate
Free cash flow estimates:
Y+1 est.
Y+2 est.
0.00%
Y+3 est.
0.00%
Y+4 est.
0.00%
Y+5 est.
0.00%

EPS Growth

Forecast years
Starting EPS
EPS Growth Rate
LowMidHigh
Final P/E
LowMidHigh
Discount Rate

Revenue Growth Valuation

Forecast Years
Base Revenue
Revenue Growth Rate
LowMidHigh
Final Net Margin
LowMidHigh
Final P/E Ratio
LowMidHigh
Discount Rate

Peter Lynch Fair Value

Earnings Per Share
Growth Rate

Graham Formula

Earnings Per Share
EPS Growth (7-10 years)
Government Bond Rate

Dividend Discount Model

Annual Dividend
First Stage Length (Years)
First Stage Growth Rate
Final Growth Rate
Discount Rate

TTM Financials

Income (TTM)

RevenueGrossNet
Revenue$5.09(B)
Gross profit$4.35(B)
EBITDA$1.79(B)
Net income$1.01(B)
Gross margin85.6%
Operating margin30.7%
Net margin19.9%
Shares outstanding:272.49(M)

Balance sheet

Cash & ST inv.Other ST assetsLong term assetsCurrent liabilitiesLong term debtOther LT liabilitiesEquity
Total assets$9.51(B)
Current assets$4.22(B)
Total liabilities$4.50(B)
Current liabilities$1.50(B)
Cash & Short-term inv.$3.00(B)
Long-term debt$2.48(B)
Total intangibles$3.22(B)
PP&E$482.13(M)

Cash flow (TTM)

CFOCFICFF
FCF$1.59(B)
CapEx$-130.89(M)
Dividends paid$0
Stock issued$149.29(M)
Stock repurchased$-990.20(M)
Stock-based comp.$441.46(M)
Debt issued$2.50(B)
Debt repaid$-1.35(B)

Per share data (TTM)

Price: $324
Revenue: $18.7 (17.3x | 5.8%) Gross profit: $16.0 (20.3x | 4.9%) Earnings: $3.72 (87.2x | 1.1%)
FCF: $5.82 (55.7x | 1.8%) Stock-based Comp.: $1.62 (200.2x | 0.5%) CapEx.: $0.48 (675.4x | 0.1%) Dividend: $0.00 (N/A | 0.0%)
Total Assets: $34.9 (9.3x | 10.8%) Total Liabilities: $16.5 (19.6x | 5.1%) Book Value: $18.4 (17.7x | 5.7%) Cash & ST inv.: $11.0 (29.5x | 3.4%) Debt: $9.09 (35.7x | 2.8%)
Earnings FY+1: $6.93 (46.8x | 2.1%) Earnings FY+2: $7.93 (40.9x | 2.4%) Earnings FY+3: $9.13 (35.5x | 2.8%) Earnings FY+4: $9.56 (33.9x | 2.9%) Earnings FY+5: $10.7 (30.3x | 3.3%)
FCF FY+1: $5.72 (56.7x | 1.8%) FCF FY+2: $7.05 (46.0x | 2.2%) FCF FY+3: $8.50 (38.2x | 2.6%) FCF FY+4: $8.30 (39.1x | 2.6%) FCF FY+5: $9.33 (34.8x | 2.9%)

Growth Estimates

Revenue

CAGR: 11.3%
FY+1FY+2FY+3FY+4FY+5
FY+1$5.25(B)
FY+2(+12.1%)$5.89(B)
FY+3(+12.5%)$6.62(B)
FY+4(+9.7%)$7.27(B)
FY+5(+10.7%)$8.04(B)

Net Income

CAGR: 11.7%
FY+1FY+2FY+3FY+4FY+5
FY+1$1.89(B)
FY+2(+15.1%)$2.18(B)
FY+3(+13.9%)$2.48(B)
FY+4(+5.8%)$2.63(B)
FY+5(+12.2%)$2.95(B)

EPS

CAGR: 11.5%
FY+1FY+2FY+3FY+4FY+5
FY+1$6.93
FY+2(+14.4%)$7.93
FY+3(+15.1%)$9.13
FY+4(+4.7%)$9.56
FY+5(+12.1%)$10.72

FCF per share

CAGR: 13.0%
FY+1FY+2FY+3FY+4FY+5
FY+1$5.72
FY+2(+23.4%)$7.05
FY+3(+20.5%)$8.50
FY+4(-2.3%)$8.30
FY+5(+12.4%)$9.33

Historical Financials

Showing limited histrical data.
TTM (Y)TTM (Q)FYFQ
Income(show more...)
Q2'20 (TTM)Q2'21 (TTM)Q2'22 (TTM)Q2'23 (TTM)Q2'24 (TTM)Q2'25 (TTM)0.01.0(B)2.0(B)3.0(B)4.0(B)5.0(B)
Revenue Operating Income Net IncomeCOGSGross ProfitTotal OpEx.R&DSG&AInterest ExpenseInterest IncomePre-tax incomeIncome tax
Cash flow(show more...)
Q2'20 (TTM)Q2'21 (TTM)Q2'22 (TTM)Q2'23 (TTM)Q2'24 (TTM)Q2'25 (TTM)0.0500.0(M)1.0(B)1.5(B)
Stock-based Comp. FCFCFONet IncomeD&ACFFStock IssuedStock RepurchasedDebt IssuedDebt RepaidDividend PaidCFIAcquisitionsDivestituresCapital Expenditures
Balance sheet(show more...)
Q2'20 (TTM)Q2'21 (TTM)Q2'22 (TTM)Q2'23 (TTM)Q2'24 (TTM)Q2'25 (TTM)0.02.0(B)4.0(B)6.0(B)8.0(B)
Total Assets Total LiabilitiesCurrent assetsCash and EquivalentsShort-term investmentsInventoriesReceivablesNon-current assetsNet PP&EIntangible AssetsGoodwillCurrent liabilitiesShort-Term DebtAccounts payableNon-current liabilitiesLong-Term DebtTotal Equity
Per share data(show more...)
Q2'20 (TTM)Q2'21 (TTM)Q2'22 (TTM)Q2'23 (TTM)Q2'24 (TTM)Q2'25 (TTM)0.01.02.03.04.05.0
EPS (Basic) FCF/Share Dividend/ShareEPS (Diluted)Book value/ShareCash & ST inv./ShareDebt/Share
Ratios(show more...)
Q2'20 (TTM)Q2'21 (TTM)Q2'22 (TTM)Q2'23 (TTM)Q2'24 (TTM)Q2'25 (TTM)0.020.040.060.0
P/E P/S EV/EarningsP/FCFP/BEV/FCFDebt/EquityPayout ratio
Margins(show more...)
Q2'20 (TTM)Q2'21 (TTM)Q2'22 (TTM)Q2'23 (TTM)Q2'24 (TTM)Q2'25 (TTM)0%20%40%60%80%
Net Income Margin Operating Margin Gross MarginEBITDA MarginFCF Margin
Returns(show more...)
Q2'20 (TTM)Q2'21 (TTM)Q2'22 (TTM)Q2'23 (TTM)Q2'24 (TTM)Q2'25 (TTM)0%5%10%15%20%25%30%35%
ROIC ROAROCEROE
Shares outstanding(show more...)
Q2'20 (TTM)Q2'21 (TTM)Q2'22 (TTM)Q2'23 (TTM)Q2'24 (TTM)Q2'25 (TTM)0.050.0(M)100.0(M)150.0(M)200.0(M)250.0(M)
Shares (Basic)Shares (Diluted)
Market Cap.(show more...)
Q2'20 (TTM)Q2'21 (TTM)Q2'22 (TTM)Q2'23 (TTM)Q2'24 (TTM)Q2'25 (TTM)0.020.0(B)40.0(B)60.0(B)80.0(B)
Market Cap.

KPIs

Revenue By Geography(show more...)
3/20236/20239/202312/20233/20246/20249/202412/20243/20256/2025
Americas EMEA Asia Japan

Competitors & Peers

Ownership

Major holders

*Excludes indirect insider ownership

Insiders: 0.31%
Institutions: 90.56%
Other: 9.13%

Institutional ownership

10.97% Blackrock Inc.9.76% Vanguard Group Inc4.52% State Street Corporati...3.43% Jennison Associates LL...3.03% FMR, LLC2.34% Geode Capital Manageme...1.81% Alliancebernstein L.P.1.69% UBS AM, a distinct bus...1.68% Massachusetts Financia...1.57% JPMORGAN CHASE & CO49.76% Others

Trading Summary

In the past year, insiders have bought $0.00 worth of the company's stock, and sold $63.44(M).

Congress members have bought between $19005 - $110000 worth of the company's stock, and sold between $151011 - $440000.

Insider transactions

$0.002025-11$0.00
$0.002025-10$0.00
$4041632025-09$0.00
$3.30(M)2025-08$0.00
$3.15(M)2025-07$0.00
$3.22(M)2025-06$0.00
$3.80(M)2025-05$0.00
$1.63(M)2025-04$0.00
$6198362025-03$0.00
$4.24(M)2025-02$0.00
$34.62(M)2025-01$0.00
$2.47(M)2024-12$0.00
$5.37(M)2024-11$0.00
DateSharesTotal ($)Price ($)NameTitle
Sell2025-09-1018060,213334.5BRENNAN ITA MDirector
Sell2025-09-021,000343,950343.9CUNNINGHAM PAUL ALEXANDEROfficer
Grant2025-08-181,00000.0CUNNINGHAM PAUL ALEXANDEROfficer
Sell2025-08-188,4102,944,364350.1TENG CHIN-CHIOfficer
Grant2025-08-184,910386,71278.8TENG CHIN-CHIOfficer
Sell2025-08-011,000358,720358.7CUNNINGHAM PAUL ALEXANDEROfficer
Sell2025-07-179,0882,841,684312.7TENG CHIN-CHIOfficer
Grant2025-07-175,588771,256138.0TENG CHIN-CHIOfficer
Sell2025-07-011,000306,350306.4CUNNINGHAM PAUL ALEXANDEROfficer
Sell2025-06-178,8922,675,799300.9TENG CHIN-CHIOfficer
Grant2025-06-175,392768,360142.5TENG CHIN-CHIOfficer
Sell2025-06-131,000302,000302.0CUNNINGHAM PAUL ALEXANDEROfficer
Grant2025-06-1211033,864307.9SOHN YOUNG KDirector
Sell2025-06-1018054,720304.0BRENNAN ITA MDirector
Sell2025-06-02650185,880286.0CUNNINGHAM PAUL ALEXANDEROfficer
Sell2025-05-16868277,715319.9PLUMMER JAMES DDirector
Grant2025-05-1510,59900.0TAXAY MARCGeneral Counsel
Grant2025-05-0877900.0LIUSON JULIADirector
Grant2025-05-0877900.0BRENNAN ITA MDirector
Grant2025-05-0877900.0KRAKAUER MARY LOUISEDirector
Grant2025-05-0877900.0SOHN YOUNG KDirector
Grant2025-05-0877900.0ADAMS MARK WDirector
Grant2025-05-0877900.0CHEW LEWISDirector
Grant2025-05-0877900.0SANGIOVANNI VINCENTELLI ALBERTODirector
Grant2025-05-0877900.0PLUMMER JAMES DDirector
Grant2025-05-0877900.0GAVRIELOV MOSHE NACHUMDirector
Grant2025-05-0286800.0ADAMS MARK WDirector
Grant2025-05-0286800.0PLUMMER JAMES DDirector
Sell2025-05-0210,7373,328,470310.0DEVGAN ANIRUDHChief Executive Officer
Sell2025-05-01650196,950303.0CUNNINGHAM PAUL ALEXANDEROfficer
Sell2025-04-294,7101,413,000300.0SCANNELL PAULOfficer
Sell2025-04-2418049,500275.0BRENNAN ITA MDirector
Sell2025-04-01650164,216252.6CUNNINGHAM PAUL ALEXANDEROfficer
Grant2025-03-1750,90600.0TENG CHIN-CHIOfficer
Grant2025-03-1750,90600.0CUNNINGHAM PAUL ALEXANDEROfficer
Grant2025-03-1714,85000.0NISEWANER KARNAGeneral Counsel
Grant2025-03-1721,72000.0SCANNELL PAULOfficer
Grant2025-03-17178,35800.0DEVGAN ANIRUDHChief Executive Officer
Grant2025-03-1756,84900.0WALL JOHN MChief Financial Officer
Sell2025-03-171,850455,562246.2NISEWANER KARNAGeneral Counsel
Grant2025-03-075,000690,100138.0CUNNINGHAM PAUL ALEXANDEROfficer
Sell2025-03-03650164,274252.7CUNNINGHAM PAUL ALEXANDEROfficer
Sell2025-02-18571169,073296.1NISEWANER KARNAGeneral Counsel
Sell2025-02-1012,7603,878,257303.9TENG CHIN-CHIOfficer
Grant2025-02-1012,760721,83356.6TENG CHIN-CHIOfficer
Sell2025-02-03650190,008292.3CUNNINGHAM PAUL ALEXANDEROfficer
Sell2025-01-0693,15128,876,810310.0DEVGAN ANIRUDHChief Executive Officer
Grant2025-01-0693,1515,269,55256.6DEVGAN ANIRUDHChief Executive Officer
Sell2025-01-0312,5003,748,180299.9TENG CHIN-CHIOfficer
Grant2025-01-0312,500707,12556.6TENG CHIN-CHIOfficer
Sell2025-01-02650198,146304.8CUNNINGHAM PAUL ALEXANDEROfficer
Sell2025-01-025,9201,799,928304.0DEVGAN ANIRUDHChief Executive Officer
Grant2024-12-3126700.0GAVRIELOV MOSHE NACHUMDirector
Sell2024-12-184,2241,305,343309.0WALL JOHN MChief Financial Officer
Grant2024-12-1380000.0ADAMS MARK WDirector
Sell2024-12-133,171969,628305.8SCANNELL PAULOfficer
Grant2024-12-0950000.0CUNNINGHAM PAUL ALEXANDEROfficer
Sell2024-12-02650199,024306.2CUNNINGHAM PAUL ALEXANDEROfficer
Sell2024-11-225,7581,785,968310.2TENG CHIN-CHIOfficer
Grant2024-11-225,7581,168,529202.9TENG CHIN-CHIOfficer
Sell2024-11-1510,0002,955,964295.6TENG CHIN-CHIOfficer
Sell2024-11-151,500447,675298.4SANGIOVANNI VINCENTELLI ALBERTODirector
Grant2024-11-1510,000565,70056.6TENG CHIN-CHIOfficer
Sell2024-11-01650179,400276.0CUNNINGHAM PAUL ALEXANDEROfficer
Sell2024-10-151,500425,490283.7SANGIOVANNI VINCENTELLI ALBERTODirector
Sell2024-10-08256,589263.6WALL JOHN MChief Financial Officer
Sell2024-10-01650177,736273.4CUNNINGHAM PAUL ALEXANDEROfficer

Congressional trading

$0.002025-11$0.00
$0.002025-10$0.00
$0.002025-09$0.00
$0.002025-08$0.00
$0.002025-07$0.00
$1075012025-06$16001
$750012025-05$0.00
$0.002025-04$40501
$160012025-03$8001
$240022025-02$0.00
$80012025-01$0.00
$0.002024-12$0.00
$650012024-11$0.00
DatePoliticianPartyChamberAmount ($)
Sell2025-06-27Michael T. McCaulRHouse$50,001 - $100,000
Buy2025-06-23Ro KhannaDHouse$1,001 - $15,000
Buy2025-06-20Ro KhannaDHouse$1,001 - $15,000
Sell2025-06-16Michael T. McCaulRHouse$15,001 - $50,000
Sell2025-05-12Jefferson ShreveRHouse$50,001 - $100,000
Buy2025-04-23Ro KhannaDHouse$1,001 - $15,000
Buy2025-04-09Ro KhannaDHouse$15,001 - $50,000
Sell2025-03-27Greg LandsmanDHouse$1,001 - $15,000
Buy2025-03-17Rob BresnahanRHouse$1,001 - $15,000
Sell2025-03-06Ro KhannaDHouse$1,001 - $15,000
Sell2025-02-26Gilbert Ray Cisneros, Jr.DHouse$1,001 - $15,000
Sell2025-02-25Ro KhannaDHouse$1,001 - $15,000
Sell2025-02-19Ro KhannaDHouse$1,001 - $15,000
Sell2025-01-13Rob BresnahanRHouse$1,001 - $15,000
Sell2024-11-19Michael T. McCaulRHouse$15,001 - $50,000
Sell2024-11-19Michael T. McCaulRHouse$15,001 - $50,000

Summary

Tools

Dividend Income

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What is the Dividend Income Calculator?

The Dividend Income Calculator helps you estimate the yearly, quarterly, monthly, and daily income of your investments.

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Required Investment

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The Required Investment Calculator helps you determine the amount of money you need to invest in a stock to achieve a desired dividend.

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Future Dividend Yield

Base Dividend
Current Price
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What is the Future Yield Calculator?

The Future Yield Calculator helps you estimate the future dividend yield of a stock based on its current dividend, price, and expected dividend growth rate.

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Enter the base dividend, current price, number of years, and dividend growth rate. Optionally, preload stock data to automatically fetch the dividend and price. The calculator will display the current yield and the projected future yield.

Future Dividend Income

Base Dividend
Number of Years
Dividend Growth Rate
What is the Future Dividend Income Calculator?

The Future Dividend Income Calculator helps you estimate the future dividend income from your investments based on the current dividend yield and expected growth rate.

How to Use This Calculator?

Enter the current dividend yield, expected growth rate, and investment duration. Optionally, preload stock data to automatically fetch the dividend yield.