Stock CDNS CADENCE DESIGN SYSTEMS, INC.
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Company Cadence Design Systems, Inc.

Equities

CDNS

US1273871087

Software

Real-time Estimate Cboe BZX
Other stock markets
 11:00:29 2024-04-25 am EDT 		5-day change 1st Jan Change
274.5 USD -1.13% Intraday chart for Cadence Design Systems, Inc. -3.54% +1.25%
Apr. 23 Global markets live: Bayer, PepsiCo, Halliburton, Spotify, Apple... Our Logo
Apr. 23 Futures point to higher open as more earnings roll in RE

Business Summary

Cadence Design Systems, Inc. is No. 1 worldwide in developing and marketing design software for integrated circuits and electronic systems. Net sales break down by activity as follows:

- sale of licenses (93.8%): design software, integrated circuit verification, simulation, and performance control systems, etc. In addition, the group offers maintenance services;

- services (6.2%): consulting, training, system design and development, technical assistance, etc.

Net sales are distributed geographically as follows: the United States (41.4%), Americas (1.6%), China (16.6%), Japan (5.6%), Asia (18.8%) and Europe/Middle East/Africa (16 %).

Number of employees: 11,200

Sales per Business

USD in Million2022Weight2023Weight Delta
Functional Verification, including Emulation and Prototyping Hardware
27.0 %
926 26.0 % 1,104 27.0 % +19.25%
Digital Integrated Circuit Design and Signoff
27.0 %
997 28.0 % 1,104 27.0 % +10.73%
Custom Integrated Circuit Design and Simulation
22.0 %
784 22.0 % 900 22.0 % +14.83%
System Design and Analysis
12.0 %
427 12.0 % 491 12.0 % +14.83%
Internet Protocol
12.0 %
427 12.0 % 491 12.0 % +14.83%

Sales per region

USD in Million2022Weight2023Weight Delta
United States
41.4 %
1,578 44.3 % 1,695 41.4 % +7.39%
Other Asia
18.7 %
630 17.7 % 766 18.7 % +21.74%
China
16.6 %
522 14.6 % 680 16.6 % +30.30%
Europe, Middle East and Africa
16.0 %
582 16.4 % 655 16.0 % +12.49%
Japan
5.6 %
197 5.5 % 229 5.6 % +16.14%
Other Americas
1.6 %
53 1.5 % 65 1.6 % +22.85%

Managers

Managers TitleAgeSince
Anirudh Devgan CEO
 Chief Executive Officer 54 12-04-30
John Wall DFI
 Director of Finance/CFO 53 00-09-30
Michael Jackson CTO
 Chief Tech/Sci/R&D Officer - 18-12-31
Alan H. Lindstrom IRC
 Investor Relations Contact - 00-01-31
Boyd Phelps PRN
 Corporate Officer/Principal - -
Karna Nisewaner LAW
 General Counsel - 22-08-31
Aparna Dey PRN
 Corporate Officer/Principal - -
Chin Chi Teng PRN
 Corporate Officer/Principal 58 01-12-31
Neil Zaman PRN
 Corporate Officer/Principal 55 99-09-30
Tina Jones HRO
 Human Resources Officer - 02-12-31

Members of the board

Members of the board TitleAgeSince
Lewis Chew BRD
 Director/Board Member 61 20-03-14
Mary Krakauer CHM
 Chairman 67 22-01-30
Alberto Luigi Sangiovanni-Vincentelli FOU
 Founder 75 82-12-31
John Shoven BRD
 Director/Board Member 76 91-12-31
James Plummer BRD
 Director/Board Member 79 11-10-30
Young Sohn BRD
 Director/Board Member 68 12-02-11
Mark Adams BRD
 Director/Board Member 59 15-02-09
Anirudh Devgan CEO
 Chief Executive Officer 54 12-04-30
Ita Brennan BRD
 Director/Board Member 57 20-03-14
Julia Liuson BRD
 Director/Board Member 53 21-01-03

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 329,587,000 270,320,198 ( 82.02 %) 57,453,000 ( 17.43 %) 82.02 %

Shareholders

NameEquities%Valuation
Vanguard Fiduciary Trust Co.
8.989 %
24,503,455 8.989 % 7 627 M $
BlackRock Advisors LLC
7.607 %
20,737,894 7.607 % 6 455 M $
STATE STREET CORPORATION
4.284 %
11,677,100 4.284 % 3 635 M $
Massachusetts Financial Services Co.
3.925 %
10,699,603 3.925 % 3 331 M $
Fidelity Management & Research Co. LLC
3.575 %
9,744,860 3.575 % 3 033 M $
BlackRock Life Ltd.
3.137 %
8,552,067 3.137 % 2 662 M $
Jennison Associates LLC
2.431 %
6,625,923 2.431 % 2 063 M $
Geode Capital Management LLC
2.210 %
6,023,809 2.210 % 1 875 M $
T. Rowe Price International Ltd.
1.934 %
5,271,670 1.934 % 1 641 M $
Norges Bank (13F)
1.537 %
4,189,372 1.537 % 1 304 M $

Holdings

NameEquities%Valuation
INNOTECH CORPORATION
3.33%
 456,000 3.33% 6,098,280 $

Company contact information

Cadence Design Systems, Inc.

2655 Seely Avenue Building 5

95134, San Jose

+408 943 1234

http://www.cadence.com
address Cadence Design Systems, Inc.(CDNS)

Group companies

NameCategory and Sector
Cadence Technology Ltd.
Cadence Design Systems (India) Pvt Ltd.
Cadence Design Systems (Ireland) Ltd.

Sector

Technology
Software & IT Services
Software & IT Services
Software
Other Software

Sales per Business

Sales per region

Ratings for Cadence Design Systems, Inc.

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
17
Last Close Price
277.7 USD
Average target price
322.9 USD
Spread / Average Target
+16.29%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

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