How to buy Cadence Design Systems (CDNS) shares in the UK

Learn how to easily invest in Cadence Design Systems shares.

Cadence Design Systems Inc (CDNS) is a publicly traded software-application business based in the US. In the week up to 31 July Cadence Design Systems shares surged 10.95% to a closing position of $186.08. Over the last 12 months, Cadence Design Systems's share price has risen by 24.53% from $151.07. Cadence Design Systems is listed on the NASDAQ and employs 9,300 staff. All prices are listed in US Dollars.

How to buy shares in Cadence Design Systems

  1. Choose a platform. If you're a beginner, our share-dealing table below can help you choose.
  2. Open your account. You'll need your ID, bank details and national insurance number.
  3. Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
  4. Search the platform for stock code: CDNS in this case.
  5. Research Cadence Design Systems shares. The platform should provide the latest information available.
  6. Buy your Cadence Design Systems shares. It's that simple.
The whole process can take as little as 15 minutes. You'll need a smartphone or computer, an internet connection, your passport or driving licence and a means of payment.

Fees for buying 5x Cadence Design Systems shares with popular platforms

Both exchange rates and share prices fluctuate in real time, so the costs presented here should be considered as a guide only. They do not incorporate stamp duty. Always refer to the platform itself for availability and pricing – which may differ from our information.

Platform Platform fee Min. initial deposit Trading fee estimate
eToro Free Stocks logo £0 $10 £3.88
£780.54 total
Capital at risk
IG Share Dealing logo £0 £250 £12.18
£788.83 total
Capital at risk
Freetrade logo £0 £1 £3.49
£780.15 total
Capital at risk
Fineco logo £0 No minimum £7.77
£784.42 total
Capital at risk
Hargreaves Lansdown Fund and Share Account logo £0 £1 £19.72
£796.37 total
Capital at risk
Degiro Share Dealing logo £0 £0.01 £0.78
£777.43 total
Capital at risk
interactive investor Trading Account logo £9.99 per month No minimum £19.64
£796.29 total
Capital at risk
Stake logo £0 £50 £3.88
£780.54 total
Capital at risk
Halifax Share Dealing Account logo £36 per year £20 £19.21
£795.86 total
Capital at risk

Full comparison of share dealing platforms

Cadence Design Systems share price (NASDAQ:CDNS)

Use our graph to track the performance of CDNS stocks over time.

Cadence Design Systems price performance over time

Historical closes compared with the last close of $188.12

1 week (2022-08-02) 2.55%
1 month (2022-07-08) 17.27%
6 months (2022-02-09) 21.84%
1 year (2021-08-09) 25.17%
2 years (2020-08-07) 73.33%
3 years (2019-08-09) 167.82%
5 years (2017-08-09) 414.55%

Is it a good time to buy Cadence Design Systems stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

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Other fees apply. Capital at risk

All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.

Is Cadence Design Systems under- or over-valued?

Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value.

P/E ratio

Cadence Design Systems's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 65x. In other words, Cadence Design Systems shares trade at around 65x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

However, Cadence Design Systems's P/E ratio is best considered in relation to those of others within the software-application industry or those of similar companies.

PEG ratio

Cadence Design Systems's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.7959. Higher PEG ratios such as this can be interpreted as meaning the shares offer worse value given the current rate of growth.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Cadence Design Systems's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

However, it's sensible to consider Cadence Design Systems's PEG ratio in relation to those of similar companies.

EBITDA

Cadence Design Systems's EBITDA (earnings before interest, taxes, depreciation and amortisation) is a whopping $1.1 billion (£0.0 million).

The EBITDA is a measure of a Cadence Design Systems's overall financial performance and is widely used to measure a its profitability.

To put that into context you can compare it against similar companies.

Environmental, social and governance track record

Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Cadence Design Systems.

Total ESG risk score

Cadence Design Systems's total ESG risk: 15.04

Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Cadence Design Systems's overall score of 15.04 (as at 01/01/2019) is excellent – landing it in it in the 9th percentile of companies rated in the same sector.

ESG scores are increasingly used to estimate the level of risk a company like Cadence Design Systems is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).

To gain some more context, you can compare Cadence Design Systems's total ESG risk score against those of similar companies.

Environmental score

Cadence Design Systems's environmental score: 1.84/100

Social score

Cadence Design Systems's social score: 6.48/100

Governance score

Cadence Design Systems's governance score: 3.4/100

Environmental, social, and governance (ESG) summary

Cadence Design Systems Inc was last rated for ESG on: 2019-01-01.

Total ESG score 15.04
Total ESG percentile 9.44
Environmental score 1.84
Social score 6.48
Governance score 3.4

Cadence Design Systems shares at a glance

Information last updated 2021-11-19.
Open$187.32
High$190.09
Low$187.14
Close$188.12
Previous close$186.05
Change$2.07
Change %1.1126%
Volume1,177,424
Information last updated 2022-08-05.
52-week range$132.32 - $192.7
50-day moving average$158.5158
200-day moving average$160.9682
Wall St. target price$194.35
PE ratio65.3451
Dividend yield$0 (0%)
Earnings per share (TTM)$2.84

Cadence Design Systems share dividends

We're not expecting Cadence Design Systems to pay a dividend over the next 12 months. However, you can browse other dividend-paying shares in our guide.

Share price volatility

Over the last 12 months, Cadence Design Systems's shares have ranged in value from as little as $132.32 up to $192.7. A popular way to gauge a stock's volatility is its "beta".

CDNS.US volatility(beta: 1.09)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Cadence Design Systems's is 1.0915. This would suggest that Cadence Design Systems's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).

To put Cadence Design Systems's beta into context you can compare it against those of similar companies.

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