Professional
Added to YB: 2024-07-11
Pitch date: 2024-06-30
CDNS [neutral]
Cadence Design Systems, Inc.
+5.03%
current return
Author Info
No bio for this author
Company Info
Cadence Design Systems, Inc. provides software, hardware, and other services worldwide. The company offers functional verification services, such as Jasper, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification.
Market Cap
$92.0B
Pitch Price
$307.75
Price Target
N/A
Dividend
N/A
EV/EBITDA
48.20
P/E
87.12
EV/Sales
17.57
Sector
Software
Category
N/A
Artisan Developing World Fund Portfolio Holding: Cadence Design Systems, Inc.
CDNS: Semiconductor design/simulation co. Lower revenue volatility due to scale & recurring model. High margins less impacted by industry downturns. 'Correlation stock' with reduced outcome range, complementing higher-risk portfolio picks. Steady performer in varied market conditions.
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