Shares of Cadence Design Systems have moved -1.4% Friday, and are now trading at a price of $226.89. The day's trading volume was 1,308,225 compared to the stock's average volume of 1,931,993.
Cadence Design Systems, Inc. provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. Based in San Jose, United States the company has 10,200 full time employees and a market cap of $61,869,273,088.
The company is now trading -4.48% away from its average analyst target price of $237.54 per share. The 14 analysts following the stock have set target prices ranging from $210.0 to $260.0, and on average give Cadence Design Systems a rating of buy.
The stock's 52 week high is $242.65 per share whereas its 52 week low is $138.76. Based on Cadence Design Systems's compounded average operating margin growth of 8.9% over the last 4 years, its core business remains strong and its strong stock performance may continue in the long term.