Let’s look at the key reasons that are pushing Cadence Design Systems, Inc (CDNS) to new highs

Cadence Design Systems, Inc (NASDAQ: CDNS) kicked off on Friday, down -0.48% from the previous trading day, before settling in for the closing price of $308.22. Over the past 52 weeks, CDNS has traded in a range of $241.29-$328.99.

Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 13.90%. While this was happening, its average annual earnings per share was recorded 15.01%. With a float of $271.81 million, this company’s outstanding shares have now reached $274.26 million.

Considering the fact that the conglomerate employs 11200 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 89.91%, operating margin of 28.37%, and the pretax margin is 30.35%.

Cadence Design Systems, Inc (CDNS) Breakdown of a Key Holders of the stock

Our next focus will be how large-scale investors are participating in this stock of the Software – Application Industry. The insider ownership of Cadence Design Systems, Inc is 1.43%, while institutional ownership is 87.28%. The most recent insider transaction that took place on Dec 13 ’24, was worth 969,628. Before that another transaction happened on Dec 02 ’24, when Company’s Sr. Vice President sold 650 for $306.19, making the entire transaction worth $199,024. This insider now owns 60,461 shares in total.

Cadence Design Systems, Inc (CDNS) Recent Fiscal highlights

According to the Wall Street analysts, stocks earnings will be around 15.01% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 15.40% during the next five years compared to 25.42% growth over the previous five years of trading.

Cadence Design Systems, Inc (NASDAQ: CDNS) Trading Performance Indicators

Take a look at Cadence Design Systems, Inc’s (CDNS) current performance indicators. Last quarter, stock had a quick ratio of 2.27. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 19.23. Likewise, its price to free cash flow for the trailing twelve months is 87.93.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.80, a number that is poised to hit 1.82 in the next quarter and is forecasted to reach 6.84 in one year’s time.

Technical Analysis of Cadence Design Systems, Inc (CDNS)

Compared to the last year’s volume of 1.76 million, its volume of 1.56 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 29.56%. Additionally, its Average True Range was 8.70.

During the past 100 days, Cadence Design Systems, Inc’s (CDNS) raw stochastic average was set at 77.10%, which indicates a significant increase from 25.06% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 36.34% in the past 14 days, which was lower than the 40.79% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $289.05, while its 200-day Moving Average is $289.16. Nevertheless, the first resistance level for the watch stands at $309.40 in the near term. At $312.04, the stock is likely to face the second major resistance level. The third major resistance level sits at $315.92. If the price goes on to break the first support level at $302.88, it is likely to go to the next support level at $299.00. Now, if the price goes above the second support level, the third support stands at $296.36.

Cadence Design Systems, Inc (NASDAQ: CDNS) Key Stats

The company with the Market Capitalisation of 83.73 billion has total of 274,263K Shares Outstanding. Its annual sales at the moment are 4,090 M in contrast with the sum of 1,041 M annual income. Company’s last quarter sales were recorded 1,216 M and last quarter income was 238,110 K.