Cadence Design Systems Inc. CDNS has released 15 Verification IP (VIP) solutions that enable industrial, automotive, large-scale data center and mobile customers to develop system-on-chips (SoCs). The solutions also effectively help verify SoC designs against the latest industry standards such as LPDDR5x, MIPI CSI-2 4.0 and UFS 4.0, USB4, Arm AMBA 5 CHI and GDDR interfaces.
Organizations around the world are trying to meet the growing need for higher bandwidth, lower power, and more efficient cache coherency management. The launch of Cadence’s latest VIP solutions should solve this problem.
Cadence Design Systems, Inc. Pricing and Consensus
Cadence Design Systems, Inc. price-consensus-table | Cadence Design Systems, Inc. Quote
On May 19, 2020, Cadence also launched 10 VIP solutions to further expand Cadence’s VIP portfolio and support SoC development. The new VIP solutions also support the VIP extended cadence system.
The new VIPs provide customers with access to a consistent API with bus function patterns, built-in protocol checks, and coverage patterns, which in turn facilitate rapid adoption.
VIPs support many applications across multiple industries. In the industrial sector, it supports MIPI I3C 1.1, MIPI CSI-2 4.0 and eUSB2 1.2, while in the hyperscale data center, it supports CCIX 2.0 and the latest version of AMBA CHI and GDDR.
According to the company’s estimates, the new VIP solutions are part of the complete cadence verification workflow, which generates the highest throughput of bug verification per dollar invested per day. These, in turn, support the company’s intelligent systems design strategy.
Cadence VIPs, including Arm AMBA, Memory Models, MIPI I3C and CSI-2, and eUSB2, as well as the advanced Cadence System VIP solution, have been used by STMicroelectronics to generate solutions for its key projects such as MCUs and MPUs ST Industrial.
Cadence TripleCheck technology is included in all Cadence VIP products, which provide users with a specification-compliant verification plan coupled with comprehensive coverage models and a test suite to ensure compliance with interface specifications.
Cadence Design Systems offers products and tools that help customers design electronic products. Through the System Design Enablement strategy, the company offers software, hardware, services and reusable IC design blocks to electronic systems and semiconductor customers.
Shares of CDNS have gained 23.6% over the past year versus a 1.5% decline for the industry.
Zacks Ranking and Other Stocks to Consider
CDNS currently has a Zacks Rank #2 (Buy).
Some other top-ranked stocks in the broader tech space are InterDigital IDCC, Vishay Intertechnology VSH and Avnet AVT. InterDigital, Vishay Intertechnology and Avnet currently sport a Zacks Ranks #1 (Strong Buy). You can see the full list of today’s Zacks #1 Rank stocks here.
The Zacks consensus estimate for InterDigital’s earnings in 2022 is pegged at $3.28 per share, up 43.9% over the past 60 days. The long-term earnings growth rate is expected to be 15%.
InterDigital’s earnings have exceeded the Zacks consensus estimate for the past four quarters, averaging 141.13%. Shares of IDCC have fallen 21.1% over the past year.
Zacks’ consensus estimate for Vishay Intertechnology’s earnings in 2022 is pegged at $2.68 per share, up 10.3% over the past 60 days. The long-term earnings growth rate is expected to be 22.7%.
Vishay Intertechnology’s earnings have exceeded the Zacks consensus estimate for the past four quarters, averaging 4.96%. Shares of VSH are down 13.9% over the past year.
Zacks’ consensus estimate for Avnet’s fiscal 2022 earnings is pegged at $6.83 per share, up 20.5% over the past 60 days. The long-term earnings growth rate is expected to be 37.2%.
Avnet’s earnings have exceeded the Zacks consensus estimate for the past four quarters, averaging 21.22%. Avnet’s shares have risen 9.3% over the past year.
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