How to buy Cadence Design Systems shares | $118.52

Own Cadence Design Systems shares in just a few minutes. Share price changes are updated daily.

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Cadence Design Systems, Inc (CDNS) is a leading software-application business based in the US. It opened the day at $117.23 after a previous close of $117.45. During the day the price has varied from a low of $116.6624 to a high of $118.83. The latest price was $118.52 (25 minute delay). Cadence Design Systems is listed on the NASDAQ and employs 8,100 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.

How has Coronavirus impacted Cadence Design Systems's share price?

Since the stock market crash in March caused by coronavirus, Cadence Design Systems's share price has had significant positive movement.

Its last market close was $113.56, which is 34.19% up on its pre-crash value of $74.73 and 120.98% up on the lowest point reached during the March crash when the shares fell as low as $51.39.

If you had bought $1,000 worth of Cadence Design Systems shares at the start of February 2020, those shares would have been worth $766.96 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $1,559.18.

Cadence Design Systems share price

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

Cadence Design Systems shares at a glance

Information last updated 2020-12-11.
Open$117.23
High$118.83
Low$116.6624
Close$118.52
Previous close$117.45
Change $1.07
Change % 0.911%
Volume 1,004,122
Information last updated 2020-12-27.
52-week range$51.39 - $135.99
50-day moving average $119.2409
200-day moving average $108.4473
Wall St. target price$124.21
PE ratio 34.742
Dividend yield N/A (0%)
Earnings per share (TTM) $3.857
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Share dealing platform comparison

Table: sorted by promoted deals first
Data indicated here is updated regularly
Name Product Price per trade Frequent trader rate Platform fees Brand description
Fineco
£2.95
£2.95
Zero platform fee
Your first 100 trades are free with Fineco, T&Cs apply.
Fineco Bank is good for share traders and investors looking for a complete platform and wide offer. Capital at risk.
eToro Free Stocks
0% commission, no markup, no ticket fee, no management fee
N/A
Withdrawal fee & GDP to USD deposit conversion
Capital at risk. 0% commission but other fees may apply.
Stake
£0
£0
Zero platform fee
Join and receive a free share worth up to £100
Access unlimited commission-free trading on 3,800+ US stocks and ETFs with Stake. Capital at risk.
IG
0% commission on US shares, and £3 on UK shares
From £5
£0 - £24 per quarter
IG is good for experienced traders, and offers learning resources for beginners, all with wide access to shares, ETFs and funds. Capital at risk.
Degiro Share Dealing
£1.75 + 0.022% (max £5.00)
£1.75 + 0.022% (max £5.00)
Portfolio transfer fees (in & out)
Degiro is widely seen as one of the best low-cost share brokers, for people who are looking to trade regularly. Capital at risk.
Hargreaves Lansdown Fund and Share Account
£11.95
£5.95
No fees
Hargreaves Lansdown is the UK's number one platform for private investors, with the depth of features you'd expect from an established platform. Capital at risk.
Interactive Investor
From £7.99 on the Investor Service Plan
From £7.99 on the Investor Service Plan
No transfer fees or exit fees. £9.99 a month on the Investor Service Plan
Open an ISA, Trading Account or SIPP you will get £100 of free trades to buy or sell any investment (new customers only).
Interactive Investor offers everything most investors need. Its flat fees makes it pricey for small portfolios, but cheap for big ones. Capital at risk.
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Compare up to 4 providers

Data indicated here is updated regularly
Name Product Minimum deposit Maximum annual fee Price per trade Brand description
Interactive Investor stocks and shares ISA
Any lump sum or £25 a month
£119.88
£7.99
Interactive Investor offers everything most investors need. Its flat fees makes it pricey for small portfolios, but cheap for big ones. Capital at risk.
Moneyfarm stocks and shares ISA
£1500
0.75%
£0
Moneyfarm helps you meet your investment goals with fully-managed portfolios designed around you. Capital at risk.
Hargreaves Lansdown stocks and shares ISA
£100
0.45%
£11.95
Hargreaves Lansdown is the UK's biggest wealth manager. It's got everything you'll need, from beginners to experienced investors. Capital at risk.
Nutmeg stocks and shares ISA
£100
0.75%
£0
Nutmeg offers three types of portfolios. Choose the one that goes with your investment style. Capital at risk.
Saxo Markets stocks and shares ISA
No minimum deposit requirement
0.12%
£8.00
Saxo Markets offers a wide access to a range of stocks, ETFs and funds. Capital at risk.
AJ Bell stocks and shares ISA
£500
0.25%
£9.95
AJ Bell is a good all-rounder for people who to choose between shares, funds, ISAs and pensions. Capital at risk.
Fidelity stocks and shares ISA
£1000 or a regular savings plan from £50
0.35%
£10.00
Fidelity is another good all-rounder, offering a good package at a decent price. Not suited for trading shares. Capital at risk.
Legal & General stocks and shares ISA
Legal & General stocks and shares ISA
£100 or £20 a month
0.61%
N/A
Legal & General is a big financial services company which offers insurance, lifetime mortgage, pensions and stocks and shares ISAs. Capital at risk.
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Compare up to 4 providers

Data indicated here is updated regularly
Name Product Minimum investment Choose from Annual fee Brand description
Interactive Investor Pension
Any lump sum or £25 a month
Over 3,000 funds
£10/month
interactive investor is a flat-fee platform, which makes it cost effective for larger portfolios. Capital at risk.
Moneyfarm Pension
£1,500 (initial investment)
7 funds
0.35%-0.75%
Moneyfarm has pensions that are matched against your risk appetite, goals and planned retirement date. Capital at risk.
AJ Bell Pension
£1,000
Over 2,000 funds
0.05-0.25%
AJ Bell has two different pension options, a self managed pension and one that is managed for you. Capital at risk.
PensionBee Pension
No minimum
7 funds
0.5% - 0.95%
Pension Bee is a newbie in the pension market. It helps consolidate your pension plans into one place. Capital at risk.
Hargreaves Lansdown Pension
£100 or £25 a month
2,500 funds
0-0.45%
Hargreaves Lansdown is the UK's biggest wealth manager. It's got three different retirement options. Capital at risk.
Saxo Markets Pension
Saxo Markets Pension
£10
Over 11,000 funds
No annual fee
Saxo Markets gives flexibility and control over your investment strategy. Capital at risk.
Penfold
Penfold
No minimum
4 portfolios
0.75-0.88%
Moneybox Pension
£1
3 funds
0.15% - 0.45% charged monthly
Manage your money with an easy-to-use Moneybox app. Capital at risk.
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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 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.

Cadence Design Systems price performance over time

Historical closes compared with the last close of $118.52

1 week (2021-01-14) -12.47%
1 month (2020-12-22) -11.80%
3 months (2020-10-22) 8.42%
6 months (2020-07-22) 14.32%
1 year (2020-01-22) 58.45%
2 years (2019-01-18) 154.23%
3 years (2018-01-19) 159.91%
5 years (2016-01-21) 526.10%

Is Cadence Design Systems under- or over-valued?

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

Cadence Design Systems's 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 35x. In other words, Cadence Design Systems shares trade at around 35x 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.

Cadence Design Systems's 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 3.9779. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

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.

Cadence Design Systems's EBITDA

Cadence Design Systems's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $718.7 million (£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 Cadence Design Systems's EBITDA into context you can compare it against that of similar companies.

Cadence Design Systems financials

Revenue TTM $2.5 billion
Operating margin TTM 23%
Gross profit TTM $2.1 billion
Return on assets TTM 10.66%
Return on equity TTM 55.55%
Profit margin 42.68%
Book value $8.589
Market capitalisation $37.4 billion

TTM: trailing 12 months

How to short and sell Cadence Design Systems shares

  1. Create a CFD or spread betting account.
  2. Search for the stock code. E.g. "CDNS.US"
  3. Choose your position size.
  4. Select "sell" rather than "buy".
  5. Confirm your position and keep tabs on it. You may wish to set limits on your position.

There are currently 2.8 million Cadence Design Systems shares held short by investors – that's known as Cadence Design Systems's "short interest". This figure is 3% up from 2.8 million last month.

There are a few different ways that this level of interest in shorting Cadence Design Systems shares can be evaluated.

Cadence Design Systems's "short interest ratio" (SIR)

Cadence Design Systems's "short interest ratio" (SIR) is the quantity of Cadence Design Systems shares currently shorted divided by the average quantity of Cadence Design Systems shares traded daily (recently around 1.4 million). Cadence Design Systems's SIR currently stands at 2.01. In other words for every 100,000 Cadence Design Systems shares traded daily on the market, roughly 2010 shares are currently held short.

To gain some more context, you can compare Cadence Design Systems's short interest ratio against those of similar companies.

However Cadence Design Systems's short interest can also be evaluated against the total number of Cadence Design Systems shares, or, against the total number of tradable Cadence Design Systems shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Cadence Design Systems's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 Cadence Design Systems shares in existence, roughly 10 shares are currently held short) or 0.0118% of the tradable shares (for every 100,000 tradable Cadence Design Systems shares, roughly 12 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Cadence Design Systems.

Find out more about how you can short Cadence Design Systems stock.

Cadence Design Systems's 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.

When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.

Cadence Design Systems's total ESG risk score

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.

Cadence Design Systems's environmental score

Environmental score: 1.84/100

Cadence Design Systems's social score

Social score: 6.48/100

Cadence Design Systems's governance score

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 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.

Have Cadence Design Systems's shares ever split?

Cadence Design Systems's shares were split on a 2:1 basis on 17 November 1997. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Cadence Design Systems shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Cadence Design Systems shares which in turn could have impacted Cadence Design Systems's share price.

Cadence Design Systems share price volatility

Over the last 12 months, Cadence Design Systems's shares have ranged in value from as little as $51.39 up to $135.99. A popular way to gauge a stock's volatility is its "beta".

CDNS.US volatility(beta: 1.04)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 1.0441. 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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Cadence Design Systems overview

Cadence Design Systems, Inc. provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an emulation platform; and Protium, a prototyping platform for chip verification. The company also provides digital IC design products; physical implementation tools, including place and route, optimization, and multiple patterning preparation; and signoff products to signoff the design as ready for manufacture by a silicon foundry. In addition, it offers custom IC design and simulation products to create schematic and physical representations of circuits down to the transistor level for analog, mixed-signal, custom digital, memory, and radio frequency designs; and system interconnect design products to develop printed circuit boards and IC packages, as well as to analyze electromagnetic, electro-thermal, and other multi-physics effects. Further, the company provides intellectual property (IP) products consisting of pre-verified and customizable functional blocks to integrate into customer's ICs; and verification IP and memory models for use in system-level verification to model correct behavior of full systems interacting with their environments. Additionally, it offers services related to methodology, education, and hosted design solutions, as well as technical support and maintenance services. Cadence Design Systems, Inc. was founded in 1988 and is headquartered in San Jose, California.

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