Cadence stock price remained firm at $310 after

Cadence stock price remained firm at $310 after yesterday’s slight pullback. Portfolio managers see this consolidation as healthy, aligning with seasonal patterns in semiconductor-related equities. Cadence Design Systems is extremely efficient at acquiring new customers, and its CAC payback period checked in at 6.1 months this quarter. The company’s rapid recovery of its customer acquisition costs indicates it has a highly differentiated product offering and a strong brand reputation. These dynamics give Cadence Design Systems more resources to pursue new product initiatives while maintaining the flexibility to increase its sales and marketing investments. Shares of electronic design automation company Cadence Design Systems ( NASDAQ: CDNS ) fell 8.3% in the afternoon session after its competitor in the chip design software space, Synopsys, reported disappointing quarterly results and cited business headwinds. Cadence stock price has attracted hedge funds due to its high ROE and steady growth metrics in the specialized semiconductor design market.