Cadence Design Systems Inc. is a pivotal leader in electronic design, building upon more than 30 years of computational software expertise. The company applies its underlying Intelligent System Design strategy to deliver software, hardware and IP that turn design concepts into reality. Cadence customers are the world's most innovative companies, delivering extraordinary electronic products from chips to boards to systems for the most dynamic market applications, including consumer, hyperscale computing, 5G communications, automotive, mobile, aerospace, industrial and healthcare. For six years in a row, Fortune magazine has named Cadence one of the 100 Best Companies to Work For.
Company profile
Ticker
CDNS
Exchange
Website
CEO
Lip-Bu Tan
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Microsoft • Oracle • Mobileye Global • Gen Digital • Activision Blizzard • BlackBerry • Vmware • Adobe • Ceridian HCM Holding • McAfee ...
SEC CIK
Corporate docs
Subsidiaries
Applied Wave Research Limited • AWR LLC • Beijing Cadence Information Technology Co., Ltd. • Cadence Design (Israel) II, Ltd. • Cadence Design Systems (Canada) Ltd. • Cadence Design Systems (Cyprus) Limited • Cadence Design Systems (India) Private Limited • Cadence Design Systems (Ireland) Limited • Cadence Design Systems (Israel) Ltd. • Cadence Design Systems (Japan) B.V. ...
IRS number
770148231
CDNS stock data
Analyst ratings and price targets
Latest filings (excl ownership)
ARS
2022 FY
Annual report to shareholders
22 Mar 23
DEFA14A
Additional proxy soliciting materials
22 Mar 23
DEF 14A
Definitive proxy
22 Mar 23
8-K
Departure of Directors or Certain Officers
13 Feb 23
10-K
2022 FY
Annual report
13 Feb 23
8-K
Results of Operations and Financial Condition
13 Feb 23
10-Q
2022 Q3
Quarterly report
24 Oct 22
8-K
Results of Operations and Financial Condition
24 Oct 22
8-K
Entry into a Material Definitive Agreement
8 Sep 22
8-K
Other Events
1 Sep 22
Transcripts
CDNS
Earnings call transcript
2022 Q4
13 Feb 23
CDNS
Earnings call transcript
2022 Q2
26 Jul 22
CDNS
Earnings call transcript
2022 Q1
26 Apr 22
CDNS
Earnings call transcript
2021 Q4
23 Feb 22
CDNS
Earnings call transcript
2021 Q3
26 Oct 21
CDNS
Earnings call transcript
2021 Q2
27 Jul 21
CDNS
Earnings call transcript
2021 Q1
27 Apr 21
CDNS
Earnings call transcript
2020 Q4
23 Feb 21
CDNS
Earnings call transcript
2020 Q3
20 Oct 20
CDNS
Earnings call transcript
2020 Q2
20 Jul 20
Financial summary
| Quarter (USD) | Dec 22 | Oct 22 | Jul 22 | Apr 22 | |
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Jan 22 | Jan 21 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 882.33 mm | 882.33 mm | 882.33 mm | 882.33 mm | 882.33 mm | 882.33 mm |
| Cash burn (monthly) | 47.91 mm | 17.22 mm | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 141.41 mm | 50.82 mm | n/a | n/a | n/a | n/a |
| Cash remaining | 740.92 mm | 831.50 mm | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 15.5 | 48.3 | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2022
| 13F holders | Current |
|---|---|
| Total holders | 855 |
| Opened positions | 137 |
| Closed positions | 84 |
| Increased positions | 286 |
| Reduced positions | 327 |
| 13F shares | Current |
|---|---|
| Total value | 37.21 tn |
| Total shares | 232.11 mm |
| Total puts | 1.36 mm |
| Total calls | 774.40 k |
| Total put/call ratio | 1.8 |
| Largest owners | Shares | Value |
|---|---|---|
| BLK Blackrock | 32.63 mm | $5.24 tn |
| Vanguard | 32.32 mm | $5.19 tn |
| STT State Street | 11.06 mm | $1.78 tn |
| Massachusetts Financial Services | 10.90 mm | $1.75 tn |
| FMR | 9.86 mm | $1.58 tn |
| Geode Capital Management | 6.09 mm | $972.30 bn |
| T. Rowe Price | 5.08 mm | $812.25 bn |
| Norges Bank | 4.80 mm | $770.95 bn |
| Ubs Global Asset Management Americas | 3.07 mm | $493.58 bn |
| NTRS Northern Trust | 3.02 mm | $485.74 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 17 Mar 23 | Devgan Anirudh | Common Stock | Sell | Dispose S | No | Yes | 208.6092 | 650 | 135.60 k | 148,178 |
| 17 Mar 23 | Devgan Anirudh | Common Stock | Sell | Dispose S | No | Yes | 207.9923 | 6,101 | 1.27 mm | 148,828 |
| 17 Mar 23 | Devgan Anirudh | Common Stock | Sell | Dispose S | No | Yes | 206.7689 | 18,964 | 3.92 mm | 154,929 |
| 17 Mar 23 | Zaman Aneel | Common Stock | Sell | Dispose S | No | Yes | 208.2512 | 2,097 | 436.70 k | 68,742 |
| 17 Mar 23 | Zaman Aneel | Common Stock | Sell | Dispose S | No | Yes | 207.6631 | 1,629 | 338.28 k | 70,839 |
| 17 Mar 23 | Zaman Aneel | Common Stock | Sell | Dispose S | No | Yes | 206.7445 | 9,132 | 1.89 mm | 72,468 |
| 16 Mar 23 | Tan Lip Bu | Common Stock | Sell | Dispose S | No | Yes | 208.8702 | 1,876 | 391.84 k | 602,589 |
| 16 Mar 23 | Tan Lip Bu | Common Stock | Sell | Dispose S | No | Yes | 208.1758 | 13,952 | 2.90 mm | 604,465 |
| 16 Mar 23 | Tan Lip Bu | Common Stock | Sell | Dispose S | No | Yes | 207.3472 | 10,312 | 2.14 mm | 618,417 |
| 16 Mar 23 | Tan Lip Bu | Common Stock | Sell | Dispose S | No | Yes | 206.0741 | 2,201 | 453.57 k | 628,729 |
News
Huawei Attempts Turnaround Since US Embargo Took Effect, Accomplishes Recognizable Success In Chip Designing
24 Mar 23
A Look Into Cadence Design Sys Inc's Price Over Earnings
20 Mar 23
(CDNS) - Analyzing Cadence Design Sys's Short Interest
20 Mar 23
Here's How Much $1000 Invested In Cadence Design Sys 5 Years Ago Would Be Worth Today
15 Mar 23
If You Invested $100 In This Stock 5 Years Ago, You Would Have $500 Today
2 Mar 23
Press releases
Cadence Verisium AI-Driven Verification Platform Accelerates Debug Productivity for Renesas
9 Mar 23
Cadence to Invest $50 Million to Support Racial Equity
7 Mar 23
Cadence's Anirudh Devgan to Present at Morgan Stanley Conference
28 Feb 23
Cadence Delivers 13 New VIP and Expands System VIP Portfolio to Accelerate Automotive, Hyperscale Data Center and Mobile SoC Verification
16 Feb 23
Thinking about trading options or stock in Coca-Cola, Solaredge, Apple, Cadence Design Systems, or Alphabet?
14 Feb 23