Cadence Design Systems, Inc (CDNS) recent activity suggests a positive outlook with the last week’s performance of 14.10%

On Tuesday, Cadence Design Systems, Inc (NASDAQ: CDNS) was 1.44% up from the session before settling in for the closing price of $260.56. A 52-week range for CDNS has been $221.56 – $328.99.

Annual sales at Technology sector company grew by 14.74% over the past five years. When this article was written, the company’s average yearly earnings per share was at 12.48%. With a float of $273.14 million, this company’s outstanding shares have now reached $273.85 million.

Let’s look at the performance matrix of the company that is accounted for 12700 employees. In terms of profitability, gross margin is 91.54%, operating margin of 29.18%, and the pretax margin is 30.07%.

Cadence Design Systems, Inc (CDNS) Insider and Institutional Ownership

Also, it is sometimes useful to examine the sentiment of large-scale investors toward Cadence Design Systems, Inc stocks. The insider ownership of Cadence Design Systems, Inc is 0.43%, while institutional ownership is 88.32%. The most recent insider transaction that took place on Apr 01 ’25, was worth 164,216. In this transaction Sr. Vice President of this company sold 650 shares at a rate of $252.64, taking the stock ownership to the 108,799 shares. Before that another transaction happened on Apr 01 ’25, when Company’s Officer proposed sale 650 for $252.64, making the entire transaction worth $164,216.

Cadence Design Systems, Inc (CDNS) Latest Financial update

According to the Wall Street analysts, stocks earnings will be around 12.48% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 13.99% during the next five years compared to 1.80% growth over the previous five years of trading.

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

You can see what Cadence Design Systems, Inc (CDNS) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 2.74. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 15.62. Likewise, its price to free cash flow for the trailing twelve months is 64.85.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.85, a number that is poised to hit 1.49 in the next quarter and is forecasted to reach 7.70 in one year’s time.

Technical Analysis of Cadence Design Systems, Inc (CDNS)

Cadence Design Systems, Inc (NASDAQ: CDNS) saw its 5-day average volume 2.36 million, a positive change from its year-to-date volume of 2.2 million. As of the previous 9 days, the stock’s Stochastic %D was 88.46%. Additionally, its Average True Range was 12.55.

During the past 100 days, Cadence Design Systems, Inc’s (CDNS) raw stochastic average was set at 40.86%, which indicates a significant decrease from 94.81% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 73.47% in the past 14 days, which was higher than the 44.50% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $262.08, while its 200-day Moving Average is $280.33. Nevertheless, the first resistance level for the watch stands at $266.66 in the near term. At $269.02, the stock is likely to face the second major resistance level. The third major resistance level sits at $271.95. If the price goes on to break the first support level at $261.38, it is likely to go to the next support level at $258.45. The third support level lies at $256.09 if the price breaches the second support level.

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

There are 274,314K outstanding shares of the company, which has a market capitalization of 72.50 billion. As of now, sales total 4,641 M while income totals 1,055 M. Its latest quarter income was 1,356 M while its last quarter net income were 340,210 K.