CDNS Intrinsic Value Calculation – Engineers Gate Manager LP Decreases Stake in Cadence Design Systems, in 2023.
March 14, 2023
Trending News 🌥️
In 2023, Manager LP of Engineers Gate significantly reduced its stake in Cadence Design Systems ($NASDAQ:CDNS), Inc., a global leader in digital design and implementation of electronic systems. Cadence Design Systems provides software, hardware, and intellectual property solutions to help engineers create the most advanced electronic systems. Its products are used in various industries including automotive, aerospace, defense, and consumer markets. While the exact reasons for this shift remain unknown, it is possible that the Manager LP was seeking new investments or diversifying its portfolio.
With the decrease in stock holdings, Cadence Design Systems may experience a decline in its share price as investors shift away from the company. It remains to be seen how this shift will affect the company’s share price and overall financial performance in the coming years.
Price History
At the time of the announcement, media sentiment was generally positive. On Monday, the company’s stock opened at $194.6 and closed at $196.3, up 0.3% from the previous closing price of $195.7. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for CDNS. More…
| Total Revenues | Net Income | Net Margin |
| 3.56k | 848.95 | 24.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for CDNS. More…
| Operations | Investing | Financing |
| 1.24k | -738.63 | -657.05 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for CDNS. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.14k | 2.39k | 9.87 |
Key Ratios Snapshot
Some of the financial key ratios for CDNS are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.1% | 29.0% | 30.0% |
| FCF Margin | ROE | ROA |
| 31.4% | 24.5% | 13.0% |
Analysis – CDNS Intrinsic Value Calculation
At GoodWhale, we’ve conducted a thorough analysis of Cadence Design Systems’s wellbeing and present our findings to you. Our proprietary Valuation Line estimates that the fair value of Cadence Design Systems shares stands at around $170.3. Currently, the stock is being traded at $196.3, which is a fair price but overvalued by 15.2%. We hope our analysis helps you make an informed decision about investing in Cadence Design Systems. More…
Peers
Cadence Design Systems Inc is one of the leading electronic design automation software providers. The company offers a comprehensive suite of tools, IP and services that enable global electronic system and semiconductor companies to create innovative products that improve the quality of life.
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Summary
Cadence Design Systems, Inc. is an American technology company that develops and sells software, hardware, and intellectual property (IP) for electronic design automation (EDA). Investing analysis in Cadence Design Systems has been gaining momentum in recent years. According to a report released by Engineers Gate Manager LP, its stake in Cadence Design Systems has decreased in 2023. This could be indicative of the fact that the company may not be performing as well as expected. Despite this decline, however, most media sentiment surrounding Cadence Design Systems remains positive.
Analysts have praised its ability to maintain a competitive edge in the EDA market and to innovate new products that meet customer needs. Furthermore, the company has developed strong partnerships with some of the biggest names in the semiconductor industry. Overall, investing in Cadence Design Systems is a viable option for investors looking for exposure to the growing EDA sector.
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