CDNS Intrinsic Value Calculator – The Manufacturers Life Insurance Company Cuts Stake in Cadence Design Systems by 213037 Shares
December 10, 2023
🌥️Trending News
The Manufacturers Life Insurance Company recently made a move that has caused some concern in the stock market, as they have purchased 213037 shares of Cadence Design Systems ($NASDAQ:CDNS), Inc. (CADENCE). This is the leading provider of software, hardware and intellectual property for system design, verification, and fabrication for a wide range of electronic products. CADENCE’s products are essential to the development of faster, smaller and more energy-efficient electronic designs. The company has also been recognized a leader in many areas including software engineering, semiconductor design automation, hardware and software verification, and digital signal processing.
This could be beneficial for the company, as it will give them access to more resources and capital to grow and expand their operations. Such a purchase may also signal to other investors that CADENCE is a company worth investing in.
Market Price
Despite the reduced investment, Cadence Design Systems’ stock opened at $269.1 and closed at $270.6, representing a 0.1% increase from its previous closing price of $270.4. This shows that despite the decrease in MLI’s stake, there is still a positive sentiment among investors in the company. 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 |
| 3.92k | 957.64 | 24.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for CDNS. More…
| Operations | Investing | Financing |
| 1.34k | -377.75 | -1.02k |
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 |
| 5.43k | 2.32k | 11.45 |
Key Ratios Snapshot
Some of the financial key ratios for CDNS are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.8% | 25.3% | 29.8% |
| FCF Margin | ROE | ROA |
| 31.5% | 24.2% | 13.4% |
Analysis – CDNS Intrinsic Value Calculator
At GoodWhale, we recently conducted an analysis of CADENCE DESIGN SYSTEMS’ financials, and found that the fair value of its shares is around $204.7. This was calculated using our proprietary Valuation Line. Currently, CADENCE DESIGN SYSTEMS’ stock is trading at $270.6, which is overvalued by 32.2%. This suggests that investors may be overpaying for the stock right now. However, it is important to note that stock prices are always changing, so investors should be sure to keep track of CADENCE DESIGN SYSTEMS’ financials in order to make informed decisions. More…
Peers
Cadence Design Systems Inc is one of the leading electronic design automation software providers. The company offers a comprehensive suite of tools, IP and services that enable global electronic system and semiconductor companies to create innovative products that improve the quality of life.
– Synopsys Inc ($NASDAQ:SNPS)
Synopsys Inc is a company that provides software and services to the semiconductor industry. The company has a market cap of 45.34B as of 2022 and a Return on Equity of 12.37%. The company’s products and services include design and verification, IP, manufacturing and yield management, and software security and quality solutions. Synopsys Inc was founded in 1986 and is headquartered in Mountain View, California.
– Goodpatch Inc ($TSE:7351)
Goodpatch Inc is a publicly traded company with a market capitalization of 5.45 billion as of 2022. The company has a return on equity of 8.49%. Goodpatch Inc is engaged in the business of developing and marketing software products and services. The company’s products and services include software development tools, application development platforms, and enterprise software solutions. Goodpatch Inc was founded in 2004 and is headquartered in San Francisco, California.
– Zuken Elmic Inc ($TSE:4770)
Zuken Elmic Inc is a Japanese company that specializes in electrical and electronic engineering software. The company has a market capitalization of 1.99 billion as of 2022 and a return on equity of 13.95%. The company’s products are used in a wide range of industries, including automotive, aerospace, communications, and consumer electronics. Zuken Elmic is a publicly traded company listed on the Tokyo Stock Exchange.
Summary
Cadence Design Systems, Inc. is an American technology company specializing in electronic design automation (EDA) software, hardware, and services. Currently, The Manufacturers Life Insurance Company holds 213037 shares of Cadence Design Systems, Inc. stocks. As such, it is important for potential investors to analyze the company and its product offerings before making any investments. When analyzing the company, investors should look at factors such as financial performance, corporate governance practices, competitive advantages, and future prospects.
Additionally, they should consider the liabilities, risk, and return potential associated with investing in Cadence Design Systems stocks. By doing thorough research and analysis of the company prior to investing, potential investors can make more informed decisions and better understand the potential rewards and risks associated with investing in Cadence Design Systems stocks.
