CDNS: Cadence Design Systems, Inc.
About
Cadence Design Systems, Inc. engages in the design and development of integrated circuits and electronic devices. It operates through the following geographical segments: Americas, Asia, EMEA, and Japan. The company was founded by Alberto Sangiovanni-Vincentelli, Gudmundur A. Hjartarson, K. Bobby Chao, and K. Charles Janac in June 1988 and is headquartered in San Jose, CA.
Current Value
$306.751 Year Return
Current Value
$306.751 Year Return
Key Details
Market Cap
$85.91B
P/E Ratio
82.38
1Y Stock Return
19.48%
1Y Revenue Growth
11.03%
Dividend Yield
0.00%
Price to Book
18.8
Strategies that include CDNS
Stock's related to CDNS
Correlated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| SNPS | 85.69% | $87.59B | +6.44% | 0.00% |
| LRCX | 68.33% | $100.80B | +12.37% | 10.42% |
| KLAC | 67.49% | $89.05B | +23.92% | 0.90% |
| AMAT | 66.95% | $151.00B | +25.32% | 0.82% |
| AVGO | 65.40% | $785.36B | +84.15% | 9.35% |
| VECO | 64.52% | $1.65B | +4.50% | 0.00% |
| ASML | 63.47% | $282.50B | +3.39% | 0.93% |
| NVMI | 63.29% | $5.52B | +50.46% | 0.00% |
| RMBS | 62.65% | $6.25B | -9.17% | 0.00% |
| ANET | 62.60% | $32.63B | +92.14% | 0.00% |
| MSFT | 61.88% | $3.21T | +15.75% | 0.71% |
| PDFS | 60.67% | $1.22B | +3.61% | 0.00% |
| ONTO | 60.47% | $8.52B | +23.41% | 0.00% |
| MTSI | 60.43% | $10.21B | +66.19% | 0.00% |
| MKSI | 59.81% | $7.87B | +44.16% | 0.74% |
| ENTG | 59.16% | $16.33B | +3.11% | 0.36% |
| APH | 59.04% | $88.17B | +60.16% | 0.97% |
| QCOM | 58.85% | $180.63B | +24.34% | 1.52% |
| MPWR | 58.78% | $28.43B | +5.32% | 0.80% |
| ACLS | 58.62% | $2.48B | -38.83% | 0.00% |
Uncorrelated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| POAI | -<0.01% | $5.47M | -75.12% | 0.00% |
| QDEL | -<0.01% | $2.69B | -39.70% | 0.00% |
| EZPW | 0.01% | $684.63M | +44.65% | 0.00% |
| TBPH | 0.02% | $483.88M | -7.95% | 0.00% |
| SIGI | -0.02% | $6.05B | -4.77% | 1.44% |
| MRK | 0.03% | $257.64B | -4.12% | 3.02% |
| THS | -0.03% | $1.76B | -16.89% | 0.00% |
| BF.B | 0.06% | $19.56B | -31.28% | 1.60% |
| VZIO | 0.07% | $2.30B | +55.48% | 0.00% |
| CHGG | -0.19% | $255.55M | -75.50% | 0.00% |
| ADM | 0.19% | $25.44B | -28.28% | 3.77% |
| VOD | -0.20% | $22.77B | -2.21% | 8.31% |
| SWBI | -0.21% | $606.85M | -4.11% | 3.73% |
| BGS | 0.25% | $542.27M | -28.12% | 11.21% |
| AWH | 0.26% | $13.83M | -74.06% | 0.00% |
| WTI | -0.26% | $278.51M | -41.12% | 2.10% |
| OCX | 0.26% | $40.49M | -36.71% | 0.00% |
| CHCT | 0.26% | $529.54M | -32.96% | 9.90% |
| CPSH | 0.30% | $21.35M | -37.97% | 0.00% |
| TIGO | 0.33% | $4.40B | +59.35% | 0.00% |
Inversely Correlated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| D | -32.81% | $47.60B | +22.34% | 4.72% |
| ED | -30.23% | $33.79B | +6.95% | 3.44% |
| DUK | -29.35% | $87.78B | +22.89% | 3.66% |
| XEL | -28.39% | $40.77B | +16.34% | 3.05% |
| SO | -28.33% | $94.51B | +21.61% | 3.32% |
| WEC | -28.23% | $31.07B | +17.31% | 3.39% |
| AEP | -27.43% | $51.67B | +22.33% | 3.67% |
| JNJ | -27.12% | $366.82B | -3.90% | 3.25% |
| CMS | -26.58% | $20.39B | +19.05% | 3.02% |
| T | -26.41% | $170.34B | +37.86% | 4.69% |
| ETR | -26.24% | $32.45B | +50.70% | 3.04% |
| CBOE | -25.86% | $22.21B | +16.58% | 1.12% |
| ES | -25.57% | $22.46B | +1.86% | 4.61% |
| EVRG | -25.49% | $14.55B | +23.51% | 4.10% |
| GIS | -24.83% | $36.77B | +2.67% | 3.64% |
| PPL | -24.35% | $25.28B | +31.63% | 2.96% |
| DTE | -23.87% | $25.47B | +15.30% | 3.33% |
| LNT | -23.10% | $15.87B | +20.64% | 3.11% |
| CPB | -23.09% | $13.55B | +12.78% | 3.44% |
| FE | -22.98% | $23.86B | +11.74% | 4.06% |
ETF's related to CDNS
Correlated ETFs
| Name | Correlation | AUM | Expense Ratio |
|---|---|---|---|
| QTEC | 78.26% | $3.95B | 0.57% |
| QQA | 77.20% | $140.88M | 0% |
| FFOG | 77.16% | $121.02M | 0.55% |
| IGM | 76.41% | $5.71B | 0.41% |
| USXF | 76.31% | $1.33B | 0.1% |
| CGGO | 76.14% | $4.77B | 0.47% |
| IGPT | 75.88% | $413.69M | 0.58% |
| XLK | 75.80% | $72.10B | 0.09% |
| QQQ | 75.69% | $313.80B | 0.2% |
| IYW | 75.57% | $19.44B | 0.39% |
| QQQM | 75.57% | $37.00B | 0.15% |
| IXN | 75.52% | $5.21B | 0.41% |
| FTEC | 75.41% | $13.02B | 0.084% |
| JGRO | 75.19% | $4.21B | 0.44% |
| VGT | 75.15% | $83.58B | 0.1% |
| QGRW | 74.61% | $632.62M | 0.28% |
| WINN | 74.59% | $646.77M | 0.57% |
| VONG | 74.25% | $24.53B | 0.08% |
| NULG | 74.22% | $1.58B | 0.26% |
| IWF | 74.13% | $103.17B | 0.19% |
Uncorrelated ETFs
| Name | Correlation | AUM | Expense Ratio |
|---|---|---|---|
| GBIL | -0.02% | $5.68B | 0.12% |
| SHV | -0.30% | $18.61B | 0.15% |
| CORN | -0.52% | $59.94M | 0.2% |
| YEAR | 0.70% | $1.14B | 0.25% |
| SPTS | -0.93% | $5.58B | 0.03% |
| BOXX | 0.98% | $4.45B | 0.1949% |
| SPHD | 1.24% | $3.65B | 0.3% |
| HDV | -1.30% | $11.51B | 0.08% |
| IBTE | 1.36% | $1.64B | 0.07% |
| LVHD | 1.58% | $575.42M | 0.27% |
| TBLL | -1.78% | $1.94B | 0.08% |
| FLMI | 1.95% | $374.44M | 0.3% |
| UNG | 2.01% | $856.92M | 1.06% |
| UTWO | 2.07% | $443.59M | 0.15% |
| SCHO | 2.31% | $11.15B | 0.03% |
| PREF | 2.40% | $1.02B | 0.55% |
| FXG | 2.48% | $404.41M | 0.63% |
| FTSM | -2.75% | $6.04B | 0.45% |
| XLE | 2.77% | $37.77B | 0.09% |
| TOTL | 3.06% | $3.40B | 0.55% |
News
Yahoo
Cadence's advanced tools, flows and IP portfolio are leveraged by ASTS for its AST5000 ASIC chip, which forms the basis of AST SpaceMobile's BlueBird program.
Yahoo
SAN JOSE, Calif. & MIDLAND, Texas, December 03, 2024--Cadence and AST SpaceMobile collaborated on the AST5000 ASIC, a custom, low-power architecture that leverages advanced Cadence tools, flows and IP.
Yahoo
SAN JOSE, Calif., December 02, 2024--Cadence’s Anirudh Devgan to Present at Nasdaq Investor Conference
Yahoo
We think all investors should try to buy and hold high quality multi-year winners. And highest quality companies can...
SeekingAlpha
Cadence delivered 18.9% revenue growth and 19.6% operating profit growth in Q3 FY24. Click here to find out why I am downgrading CDNS stock to a sell rating.
Yahoo
Blackbaud (BLKB) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Disclaimer
Information on this page is obtained from our data provider, Xignite, an unaffiliated third party. Double believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate. We also show information based on calculations performed by Double using data from our provider. Double believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.