Allegion PLC vs Cadence Design Systems Inc — how do they compare? Allegion PLC trades at $168.66 (market cap $14.32B), while Cadence Design Systems Inc trades at $326.44 (market cap $90.20B). The key difference: Cadence Design Systems Inc is far larger — about 6.3× Allegion PLC's market cap, and Allegion PLC pays a 1.26% dividend while Cadence Design Systems Inc pays none. Which is the better fit depends on your goals.
| ALLE | CDNS | |
|---|---|---|
Market Cap | $14.32B | $90.20B |
Sector | Industrials | Technology |
52-Week High | $179.77 | $416.39 |
52-Week Low | $125.65 | $265.66 |
Enterprise Value | $16.03B | $91.41B |
Dividend Yield | 1.26% | — |
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Cadence Design Systems (CDNS) trades at $331.91, down 2.16% amid a bearish technical signal, though it remains supported by strong fundamentals. The company reported Q2 2026 earnings that beat estimates, with revenue growth of 24.2% driven by AI demand, and raised its full-year outlook. Analyst consensus is strongly bullish with an average price target of $415.11, representing 25% upside potential from current levels.
The stock offers compelling growth prospects from AI-driven semiconductor design demand, with record backlog of $8.1 billion supporting future revenue visibility. Key risks include high valuation multiples (P/E 65.12) and potential semiconductor cycle volatility. Institutional ownership remains strong with recent position increases by major funds like Amundi.
Trailing returns across standard periods
Allegion is a global security products company with a portfolio of leading brands, such as Schlage, von Duprin, and LCN. The Ireland-domiciled company was created via a spinoff transaction from Ingersoll-Rand in December 2013. In fiscal 2021, Allegion generated 68% of sales in the United States. The company mainly competes with Swedish-based Assa Abloy AB and Switzerland-based Dormakaba.
Read more on ALLE →Cadence Design Systems is a provider of electronic design automation software, intellectual property, and system design and analysis products. EDA software automates the chip design process, enhancing design accuracy, productivity, and complexity in a full-flow end-to-end solution. Cadence offers a portfolio of design IP, as well as system design and analysis products, which enable system-level analysis and verification solutions. Cadence's comprehensive portfolio is benefiting from a mutual convergence of semiconductor companies moving up-stack toward systems-like companies, and systems companies moving down-stack toward in-house chip design. The resulting expansion in EDA customers, alongside secular digitalization of various end markets, benefits EDA vendors like Cadence.
Read more on CDNS →