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home / news releases / CDNS - Cadence Design Systems: AI R&D Upside Risk

CDNS - Cadence Design Systems: AI R&D Upside Risk

Cadence Design Systems Inc.

2024-04-17 08:48:20 ET

Summary

  • Cadence Design Systems is a key player in the semiconductor sector, providing Electronic Design Automation (EDA) for chip designers.
  • The company has outperformed its competitors over the past decade and has a premium valuation due to its steady growth and high margins.
  • There is potential for further growth in the future, driven by increased demand for EDA in the race for AI capabilities in the semiconductor industry.
  • Maintaining a PEG of 2.5x the YE25 price target may rise to $434 (+40%) on current consensus estimates.
  • High margins and cash flow provide for share buybacks at 2x stock compensation cost.

Summary

For further details see:

Cadence Design Systems: AI R&D Upside Risk
Stock Information
Company Name: Cadence Design Systems Inc.
Stock Symbol: CDNS
Market: NASDAQ
Website: cadence.com
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