Cadence Design Sys (NASDAQ:CDNS) has grabbed attention from the analysts, when it saw a value increase of 0.63% or 0.41 points in the last trading session to close at $64.98. A total of 1.6 Million shares exchanged hands during the intra-day trade compared with its average trading volume of 1.98 Million shares, while its relative volume stands at 0.81. Cadence Design Sys (NASDAQ:CDNS) has a market cap of $18.12 Billion and the number of outstanding shares have been calculated 278.86 Million.
Shares of Cadence Design Sys (NASDAQ:CDNS) currently have an Average Brokerage Recommendation of 2.17, number of Recs in ABR is 6 while industry rank of the company by ABR is out of 256. Out of the analyst recommendations 2 rate Cadence Design Sys (NASDAQ:CDNS) stock a Buy, 2 rate the stock Outperform, 5 rate Hold, 0 rate Underperform and 0 recommend a Sell.
Taking a glance at where the stock might be directed in the future, on a consensus basis, the sell-side has a 52 week price target of $59.16 on the stock, this valuation is based on 7 number of opinions. The most optimistic analyst sees the stock reaching $65 while the most conventional has $46 target price.
Cadence Design Sys (NASDAQ:CDNS) as of recent trade, has shown weekly upbeat performance of 1.21% which was maintained at 6.25% in 1-month period. During the past three months the stock gain 46.19%, bringing six months performance to 64.59%. Yearly performance of the stock shows a bullish trend of 73.42% while year-to-date (YTD) performance reflected 49.45% positive outlook.
While taking a glance at financials, we can look at a number of key indicators. Cadence Design Sys (NASDAQ:CDNS) has trailing twelve month Return on Assets of 14.2%, which is key indicator of how profitable a company is relative to its total assets. The company currently has a Return on Equity of 28.4% and a Return on Investment of 21%. ROI is a performance measure used to evaluate the efficiency of an investment or to compare the efficiency of a number of different investments.
While having a peek at profitability ratios Cadence Design Sys (NASDAQ:CDNS) has trailing twelve month gross margin at 87.9%, its trailing twelve month operating margin stands at 18.5% whereas its trailing twelve month net profit margin spots at 16.2%.
However looking at valuation ratios the stock has 5 year expected PEG ratio of 4.42 whereas its trailing twelve month P/E ratio is 53.04. The company’s forward price to earnings ratio for next fiscal year is 29.58. Cadence Design Sys (NASDAQ:CDNS)’s price to free cash flow for trailing twelve months is 33.35. Its beta value stands at 1.1.
The company’s quick ratio for most recent quarter is 1.3 along with current ratio for most recent quarter of 1.3. Total debt to equity ratio of the company for most recent quarter is 0.35 whereas long term debt to equity ratio for most recent quarter is 0.27.