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Cadence Design Systems, Inc. (NASD:CDNS) Seasonal Chart

Seasonal Chart Analysis

Analysis of the Cadence Design Systems, Inc. (NASD:CDNS) seasonal charts above shows that a Buy Date of October 10 and a Sell Date of March 7 has resulted in a geometric average return of 3.44% above the benchmark rate of the S&P 500 Total Return Index over the past 20 years. This seasonal timeframe has shown positive results compared to the benchmark in 16 of those periods. This is a very good rate of success and the return strongly outperforms the relative buy-and-hold performance of the stock over the past 20 years by an average of 3.58% per year.

The seasonal timeframe correlates Very Well with the period of seasonal strength for the Technology sector, which runs from October 9 to February 15. The seasonal chart for the broad sector is available via the following link: Technology Sector Seasonal Chart.

Cadence Design Systems was founded in 1988 after the merger of ECAD and SDA Systems. Cadence is known as an electronic design automation, or EDA, firm that specializes in developing software, hardware, and intellectual property that automates the design and verification of integrated circuits or larger chip systems. Historically, the firm’s tools have been relied on by semiconductor firms, but there has been a shift toward other nontraditional ?systems? users given the development of the Internet of Things, artificial intelligence, autonomous vehicles, and cloud computing. Cadence is headquartered in Silicon Valley, has approximately 7,600 employees worldwide, and was added to the S&P 500 in late 2017.

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