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.
IPO Year:
Exchange: NASDAQ
Website: cadence.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/24/2025 | $325.00 | Neutral → Overweight | Analyst |
| 1/13/2025 | $350.00 | Buy | Redburn Atlantic |
| 11/22/2024 | $350.00 | Overweight | Wells Fargo |
| 11/12/2024 | $360.00 | Buy | Loop Capital |
| 10/22/2024 | $325.00 | Outperform | Mizuho |
| 10/15/2024 | $320.00 | Buy | Berenberg |
| 9/25/2024 | $225.00 | Underperform | Oppenheimer |
| 8/6/2024 | $318.00 | Neutral → Overweight | Piper Sandler |
| 4/4/2024 | $334.00 | Neutral | Piper Sandler |
| 2/14/2024 | $350.00 | Equal-Weight → Overweight | Morgan Stanley |
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Also announce tool certification for TSMC N3C process and initial collaboration on TSMC's newest A14 technology Cadence (NASDAQ:CDNS) today announced it is furthering its longstanding collaboration with TSMC to accelerate time to silicon for 3D-IC and advanced-node technologies through certified design flows, silicon-proven IP and ongoing technology collaboration. As a leading provider of IP for TSMC N2P, N5 and N3 process nodes, Cadence continues to deliver cutting-edge AI-driven design solutions to the TSMC ecosystem for multiple horizontal applications from chiplets and SoCs to advanced packaging and 3D-ICs. The deep collaboration encompasses certified tools and flows for TSMC's N2P and
High-performance data center and enterprise memory solution available now for customer engagements Cadence (NASDAQ:CDNS) today announced the industry's first DDR5 12.8Gbps MRDIMM Gen2 memory IP system solution on the TSMC N3 process. The new solution addresses the need for greater memory bandwidth to accommodate unprecedented AI processing demands in enterprise and data center applications, including AI in the cloud. The Cadence® DDR5 MRDIMM IP boasts a new high-performance, scalable and adaptable architecture based on Cadence's proven and highly successful DDR5 and GDDR6 product lines. With multiple engagements underway with leading AI, HPC and data center customers, this IP solution is a
High-performance solution with lowest area and power available now for customer engagements Cadence (NASDAQ:CDNS) today announced the industry's fastest HBM4 12.8Gbps memory IP solution, which meets the increasingly higher memory bandwidth needs of SoCs targeted for the next generation of AI training and HPC hardware systems. The Cadence® HBM4 solution is compatible with the JEDEC specification JESD270-4 and doubles the memory bandwidth compared to the previous generation of HBM3E IP products. Available now for customer engagements, the Cadence HBM4 PHY and controller IP boast an industry-leading performance of 12.8Gbps, with 20% greater power efficiency per bit and 50% better area efficie
Transaction will augment Cadence's expanding design IP portfolio and accelerate growth opportunities Cadence (NASDAQ:CDNS) today announced that it has entered into a definitive agreement with Arm (NASDAQ:ARM) to acquire Arm's Artisan foundation IP business, consisting of standard cell libraries, memory compilers, and general-purpose I/Os (GPIOs) optimized for advanced process nodes at the leading foundries. The transaction will augment Cadence's expanding design IP offerings, anchored by a leading portfolio of protocol and interface IP, memory interface IP, SerDes IP at the most advanced nodes, and embedded security IP from the pending Secure-IC acquisition. By increasing its footprint in
Cadence (NASDAQ:CDNS) will hold its first quarter 2025 financial results webcast on Monday, April 28, 2025. Participating in the webcast will be Dr. Anirudh Devgan, president and chief executive officer, and John Wall, senior vice president and chief financial officer. The webcast will begin Monday, April 28, 2025 at 2:00 p.m. Pacific Time. An archive of the webcast will be available online from 5:00 p.m. Pacific Time on April 28, 2025 until 5:00 p.m. Pacific Time on Monday, June 16, 2025 at cadence.com/cadence/investor_relations. About Cadence Cadence is a market leader in AI and digital twins, pioneering the application of computational software to accelerate innovation in the enginee
Cadence (NASDAQ:CDNS) today announced that Great Place To Work® and Fortune magazine have recognized Cadence as one of the Fortune 100 Best Companies to Work For® in 2025. This year marks the 11th time Cadence has earned a spot on this prestigious list, securing the 11th position. This recognition highlights Cadence's continued standing as one of the top workplaces in the nation, celebrating its commitment to excellence and employee satisfaction. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250402049195/en/Great Place To Work and Fortune magazine have recognized Cadence as one of the Fortune 100 Best Companies to Work For in 20
Combined design expertise and accelerated computing drive innovation, enhance energy efficiency, boost engineering productivity and transform lives worldwide Highlights: NVIDIA's latest Blackwell systems accelerate Cadence solvers by up to 80X Collaborating to develop a full-stack agentic AI solution for engineering and science, using the new NVIDIA Llama Nemotron Reasoning Model One of the first adopters of NVIDIA Omniverse Blueprint for AI factory digital twins for effective and efficient data center design and operation Cadence (NASDAQ:CDNS) today announced the expansion of its multi-year collaboration with NVIDIA, focusing on driving advancements in accelerated computing and ag
SANTA CLARA, Calif., March 04, 2025 (GLOBE NEWSWIRE) -- Silvaco Group, Inc. (NASDAQ:SVCO) ("Silvaco" or the "Company"), a provider of TCAD, EDA software and SIP solutions that enable semiconductor design and digital twin modeling through AI software and innovation, today announced the strategic acquisition of the Process Proximity Compensation ("PPC") product line of Cadence (NASDAQ:CDNS). The addition of the PPC product line - an optical proximity correction ("OPC") suite of tools highly complementary to Silvaco's EDA and TCAD suite, along with its cutting-edge technology and talented team, will strengthen Silvaco's market position and accelerate its mission to empower customers in desig
Cadence Design Systems, Inc. (NASDAQ:CDNS): WHO: Anirudh Devgan, president and chief executive officer, Cadence Design Systems, Inc. (NASDAQ:CDNS). WHAT: Devgan will participate in a fireside chat at the Morgan Stanley Technology, Media & Telecom Conference in San Francisco on Wednesday, March 5, 2025. WHEN: The talk will be available live by webcast at 2:35 p.m. PST on Wednesday, March 5, 2025. The presentation will be archived on the Cadence website and will be available for replay for 180 days after the event. WHERE: The webcast will be available online at cadence.com/cadence/investor_relations. About Cadence Cadence is a pivotal leader in electronic systems design, building
Record Backlog of $6.8 Billion Exceeded Q4 and 2024 Outlook for Revenue and EPS Cadence Design Systems, Inc. (NASDAQ:CDNS) today announced results for the fourth quarter and fiscal year 2024. Fourth Quarter 2024 Financial Results Revenue of $1.356 billion, compared to revenue of $1.069 billion in Q4 2023 GAAP operating margin of 33.7%, compared to 31.5% in Q4 2023 Non-GAAP operating margin of 46.0%, compared to 42.9% in Q4 2023 GAAP diluted net income per share of $1.24, compared to $1.19 in Q4 2023 Non-GAAP diluted net income per share of $1.88, compared to $1.38 in Q4 2023 Fiscal Year 2024 Financial Results Revenue of $4.641 billion, compared to revenue of $4.090 billion
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Analyst upgraded Cadence Design from Neutral to Overweight and set a new price target of $325.00
Redburn Atlantic initiated coverage of Cadence Design with a rating of Buy and set a new price target of $350.00
Wells Fargo initiated coverage of Cadence Design with a rating of Overweight and set a new price target of $350.00
Loop Capital initiated coverage of Cadence Design with a rating of Buy and set a new price target of $360.00
Mizuho initiated coverage of Cadence Design with a rating of Outperform and set a new price target of $325.00
Berenberg initiated coverage of Cadence Design with a rating of Buy and set a new price target of $320.00
Oppenheimer initiated coverage of Cadence Design with a rating of Underperform and set a new price target of $225.00
Piper Sandler upgraded Cadence Design from Neutral to Overweight and set a new price target of $318.00
Piper Sandler initiated coverage of Cadence Design with a rating of Neutral and set a new price target of $334.00
Morgan Stanley upgraded Cadence Design from Equal-Weight to Overweight and set a new price target of $350.00
Cadence Design Systems, Inc. (NASDAQ:CDNS) today announced the appointment of Moshe Gavrielov to its board of directors, effective January 1, 2025. Mr. Gavrielov currently serves as a member of the board of NXP Semiconductors N.V. and Taiwan Semiconductor Manufacturing Company Ltd., as chair of the board of Foretellix and SiMa.ai, and has previously held executive roles at several global technology companies. "We are honored to welcome Moshe to our board of directors," said ML Krakauer, chair of the board, Cadence. "The AI era offers immense opportunities, and our cutting-edge solutions empower customers to drive unprecedented innovation. Moshe's deep industry knowledge, strong ecosystem
Equinix, NetApp, NVIDIA and Workday join Fem.AI Alliance to drive change, backed by initial $20 million Cadence investment Cadence Design Systems, Inc. (NASDAQ:CDNS) announced that industry leaders Equinix Foundation, NetApp, NVIDIA and Workday are founding members of the Cadence Giving Foundation's Fem.AI Alliance, a group of companies and institutions that have committed to driving change towards a more representative tech and AI workforce. The Fem.AI Alliance is dedicated to evolving the future workforce by increasing women's representation and leadership in the tech industry. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/2024
BETA CAE's world-renowned solutions will complement and expand Cadence's system analysis portfolio for automotive, aerospace, industrial and healthcare verticals Cadence Design Systems, Inc. (NASDAQ:CDNS) today announced it has entered into a definitive agreement to acquire BETA CAE Systems International AG, a leading system analysis platform provider of multi-domain, engineering simulation solutions. The addition of BETA CAE's proven technologies and talent will accelerate Cadence's Intelligent System Design™ strategy by expanding its multiphysics system analysis portfolio and enabling entry into the structural analysis segment, unlocking a multi-billion-dollar incremental TAM opportunit
Transaction brings Cadence skilled system design expertise in delivering end-to-end custom solutions to customers across multiple industries Cadence Design Systems, Inc. (NASDAQ:CDNS) announced today that it has acquired Invecas, Inc., a leading provider of design engineering, embedded software and system-level solutions, headquartered in Santa Clara, California. The purchase adds a skilled system design engineering team to Cadence, with expertise in providing customers with custom solutions across chip design, product engineering, advanced packaging and embedded software. Accelerating trends such as digital transformation of multiple vertical markets and more system companies building
Cadence Design Systems, Inc. (NASDAQ:CDNS) today announced that current Cadence board member, Mary Louise (ML) Krakauer, has assumed the role of chair of the board, effective May 4, 2023. Ms. Krakauer, who previously held various executive roles at global technology companies, also serves as a director of Mercury Systems, Inc. and Proterra Inc. Ms. Krakauer's appointment was confirmed by the Cadence board following the annual shareholder's meeting last week. Ms. Krakauer succeeds Lip-Bu Tan, who had served as Cadence's executive chair. "ML first joined our board in January 2022, and we're honored that she's been appointed chair as we embark on the next phase of our growth," said Dr. Ani
HALIFAX, NS / ACCESSWIRE / August 17, 2022 / Meta Materials Inc. (the "Company" or "META®") (NASDAQ:MMAT), (FSE:MMAT), a developer of high-performance functional materials and nanocomposites, today announced the appointment of Mr. Jack Harding as Chair of the Board of Directors, effective August 16, 2022. Mr. Ram Ramkumar, META's current Chair, is retiring from the Board and moving into a Strategic Advisor role for a period of two years. The Company wishes to thank Mr. Ramkumar for his dedication during this transformative period which included among many milestones META's June 2021 listing on the NASDAQ via a reverse merger with Torchlight Energy Resources."Delivering innovation at scale is
Cadence Design Systems, Inc. (NASDAQ:CDNS) today announced the appointment of Mary Louise (ML) Krakauer to its board of directors, effective January 31, 2022. Ms. Krakauer currently serves on the boards of Xilinx, Inc., Mercury Systems, Inc., DXC Technology and Proterra Inc. and previously held various executive roles at global technology companies. "We are honored to welcome ML to our board of directors," said Lip-Bu Tan, Cadence's executive chairman of the board. "ML has had a highly distinguished career and her extensive experience at several global technology companies will provide Cadence with key strategic and operational insights, helping accelerate growth through our Intelligent Sy
Cadence Design Systems, Inc. (NASDAQ:CDNS) today announced that its Chief Executive Officer Lip-Bu Tan will transition to the role of executive chairman on December 15, 2021, with President Anirudh Devgan assuming the role of president and CEO at that time. Devgan is joining the Cadence Board of Directors effective August 2, 2021. Chairman of the Board John Shoven has been appointed lead independent director, effective December 15, 2021. Tan and Devgan will continue their close partnership, which has delivered strong growth and consistent business results over the past four years. Tan, 61, became CEO in January 2009 and reinvented the company, driving a fundamental cultural transformation
Cadence Design Systems, Inc. (NASDAQ:CDNS) announced today that it has completed the acquisition of OpenEye Scientific Software, Inc. ("OpenEye"). The addition of OpenEye's technologies and experienced team accelerates the Cadence® Intelligent System Design™ strategy by extending Cadence's computational software core competency to molecular modeling and simulation that is targeted to life sciences. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220901005242/en/ OpenEye, an industry leader in computational molecular design, has pioneered physics-based approaches and the cloud-native Orion® software platform to accelerate advances
Cadence Design Systems, Inc. (NASDAQ:CDNS) today announced that it has completed the acquisition of Future Facilities. The addition of Future Facilities technologies and expertise supports the Cadence® Intelligent System Design™ strategy and broadens its multiphysics system analysis and computational fluid dynamics (CFD) portfolios. Future Facilities' electronics cooling analysis and energy performance optimization solutions for data center design and operations using physics-based 3D digital twins enables leading technology companies to make informed business decisions about data center design, operations and lifecycle management and reduce their carbon footprint. Future Facilities' proven
Broadens expansion into multiphysics domain with market-leading computational fluid dynamics mesh generation and pre-processing technology Cadence Design Systems, Inc. (NASDAQ:CDNS) announced today that it has acquired Pointwise, Inc., a leader in mesh generation for computational fluid dynamics (CFD). The addition of Pointwise's technologies and experienced team supports the Cadence® Intelligent System Design™ strategy and further broadens its system analysis portfolio, complementing the recently acquired NUMECA CFD technology. Together, these acquisitions will enable advanced CFD solutions where accuracy, reliability, predictability and performance are paramount for high-fidelity charact
SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced that it has completed the acquisition of NUMECA International. The addition of NUMECA’s technologies and talent supports the Cadence® Intelligent System Design™ strategy and broadens its system analysis portfolio with computational fluid dynamics (CFD) solutions. These products will contribute to the best-in-class Cadence system analysis solutions for integrated circuits (ICs), electronic subsystems and full system designs. NUMECA’s proven technologies serve several industries including aerospace, automotive, industrial and marine, and have been adopted by industry leaders such as NASA, Ar