How to buy Cadence Design Systems (CDNS) shares in Australia

Learn how to easily invest in Cadence Design Systems shares.

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Cadence Design Systems Inc (CDNS) is a leading software-application business with stocks listed in the US. It opened the day at US$187.32 after a previous close of US$186.05. During the day the price has varied from a low of USD187.14 to a high of USD190.09. The latest price was USD188.12 (25 minute delay). Cadence Design Systems is listed on the NASDAQ. All prices are listed in US Dollars.

How to buy shares in Cadence Design Systems

  1. Compare share trading platforms. To buy shares in a US company from Australia you'll need to find a trading platform that offers access to US stock markets. If you're just starting out, look for a platform with low brokerage and foreign exchange fees.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Cadence Design Systems. Find the share by name or ticker symbol: CDNS. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Cadence Design Systems reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of US$186.05, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs. You may be able to buy a fractional share of Cadence Design Systems, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Cadence Design Systems. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Cadence Design Systems stock price (NASDAQ:CDNS)

Use our graph to track the performance of CDNS stocks over time.

Cadence Design Systems shares at a glance

Information last updated 2021-11-19.
OpenUS$187.32
HighUS$190.09
LowUS$187.14
CloseUS$188.12
Previous closeUS$186.05
Change US$2.07
Change % 1.1126%
Volume 1,177,424
Information last updated 2022-01-17.
52-week rangeUS$118.11 - US$192.7
50-day moving average US$180.2278
200-day moving average US$154.0942
Target priceUS$179.78
PE ratio 65.2218
Dividend yield N/A (0%)
Earnings per share (TTM) US$2.48

Where to buy Cadence Design Systems stock

Name Product Standard brokerage for US shares Currency conversion fee Markets
eToro (global stocks)
US$0
50 pips (US$0.50 for every AU$100 exchanged)
Global shares, US shares, ETFs
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IG Share Trading
US$0
0.70%
ASX shares, Global shares
$0 brokerage for US and global shares plus get an active trader discount of $5 commission on Australian shares.
Enjoy some of the lowest brokerage fees on the market when trading Australian shares, international shares, plus get access to 24-hour customer support.
Superhero share trading
US$0
50 pips (US$0.50 for every AU$100 exchanged)
ASX shares, US shares, ETFs
Earn up to 15,000 Qantas frequent flyer points when you transfer an exisiting balance or trade. Offer valid for all new and existing Superhero members until 28 February.
Pay zero brokerage on US stocks and all ETFs and just $5 (flat fee) to trade Australian shares from your mobile or desktop.
Saxo Capital Markets (Classic account)
US$4
1%
ASX shares, Global shares, ETFs
Access 19,000+ stocks on 40+ exchanges worldwide
Low fees for Australian and global share trading, no inactivity fees, low currency conversion fee and optimised for mobile.
SelfWealth (Basic account)
US$9.5
0.60%
ASX shares, US shares
Trade ASX and US shares for a flat fee of $9.50, regardless of the trade size.
New customers receive free access to Community Insights with SelfWealth Premium for the first 90 days. Follow other investors and benchmark your portfolio performance.
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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.

Is it a good time to buy Cadence Design Systems stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Cadence Design Systems share growth calculator

US$

Use the fields above to explore the returns from a historical investment. Please refer to the charts further up this page to see performance over 5 years, or other periods. Past performance doesn't indicate future results. Capital is at risk.

Cadence Design Systems price performance over time

Historical closes compared with the last close of $188.12

1 month (2021-12-15) 2.09%
3 months (2021-10-18) 19.41%
6 months (2021-07-16) 36.65%
1 year (2021-01-15) 39.72%
2 years (2020-01-17) 155.15%
3 years (2019-01-18) 303.52%
5 years (2017-01-18) 626.05%

Is Cadence Design Systems under- or over-valued?

Valuing Cadence Design Systems stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Cadence Design Systems's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Cadence Design Systems's P/E ratio

Cadence Design Systems's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 65x. In other words, Cadence Design Systems shares trade at around 65x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

Cadence Design Systems's PEG ratio

Cadence Design Systems's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 4.6647. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Cadence Design Systems's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Cadence Design Systems's EBITDA

Cadence Design Systems's EBITDA (earnings before interest, taxes, depreciation and amortisation) is US$923.6 million (£0.0 million).

The EBITDA is a measure of a Cadence Design Systems's overall financial performance and is widely used to measure a its profitability.

Cadence Design Systems financials

Revenue TTM US$3 billion
Operating margin TTM 26.15%
Gross profit TTM US$2.4 billion
Return on assets TTM 11.64%
Return on equity TTM 27.58%
Profit margin 23.3%
Book value 9.494
Market capitalisation US$44.8 billion

TTM: trailing 12 months

Cadence Design Systems's environmental, social and governance track record

Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Cadence Design Systems.

When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.

Cadence Design Systems's total ESG risk score

Total ESG risk: 15.04

Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Cadence Design Systems's overall score of 15.04 (as at 12/31/2018) is excellent – landing it in it in the 9th percentile of companies rated in the same sector.

ESG scores are increasingly used to estimate the level of risk a company like Cadence Design Systems is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).

Cadence Design Systems's environmental score

Environmental score: 1.84/100

Cadence Design Systems's social score

Social score: 6.48/100

Cadence Design Systems's governance score

Governance score: 3.4/100

Environmental, social, and governance (ESG) summary

Cadence Design Systems Inc was last rated for ESG on: 2019-01-01.

Total ESG score 15.04
Total ESG percentile 9.44
Environmental score 1.84
Social score 6.48
Governance score 3.4

Cadence Design Systems share dividends

We're not expecting Cadence Design Systems to pay a dividend over the next 12 months.

Have Cadence Design Systems's shares ever split?

Cadence Design Systems's shares were split on a 2:1 basis on 16 November 1997. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Cadence Design Systems shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Cadence Design Systems shares which in turn could have impacted Cadence Design Systems's share price.

Cadence Design Systems share price volatility

Over the last 12 months, Cadence Design Systems's shares have ranged in value from as little as US$118.11 up to US$192.7. A popular way to gauge a stock's volatility is its "beta".

CDNS.US volatility(beta: 1.07)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Cadence Design Systems's is 1.0735. This would suggest that Cadence Design Systems's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).

Cadence Design Systems overview

Cadence Design Systems, Inc. provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification. The company also provides digital IC design products, including Genus logic synthesis and RTL power solutions, as well as Modus software solution to reduce systems-on-chip design-for-test time; physical implementation tools, including place and route, optimization, and multiple patterning preparation; and signoff products to signoff the design as ready for manufacture by a silicon foundry. In addition, it offers custom IC design and simulation products to create schematic and physical representations of circuits down to the transistor level for analog, mixed-signal, custom digital, memory, and radio frequency designs; and system design and analysis products to develop printed circuit boards and IC packages, as well as to analyze electromagnetic, electro-thermal, and other multi-physics effects. Further, the company provides intellectual property (IP) products consisting of pre-verified and customizable functional blocks to integrate into customer's ICs; and verification IP and memory models to verify the correct interaction with dozens of design IP interface protocols. Additionally, it offers services related to methodology, education, and hosted design solutions, as well as technical support and maintenance services. Cadence Design Systems, Inc. was incorporated in 1988 and is headquartered in San Jose, California.

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