Cadence Design Systems Inc vs Sirius XM Holdings Inc — how do they compare? Cadence Design Systems Inc trades at $326.47 (market cap $91.41B), while Sirius XM Holdings Inc trades at $28.55 (market cap $9.70B). The key difference: Cadence Design Systems Inc is far larger — about 9.4× Sirius XM Holdings Inc's market cap, and Sirius XM Holdings Inc pays a 3.75% dividend while Cadence Design Systems Inc pays none. Which is the better fit depends on your goals.
| CDNS | SIRI | |
|---|---|---|
Market Cap | $91.41B | $9.70B |
Sector | Technology | Media |
52-Week High | $416.39 | $32.59 |
52-Week Low | $265.66 | $19.92 |
Enterprise Value | $92.62B | $18.98B |
Dividend Yield | — | 3.75% |
Trailing returns across standard periods
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 →SiriusXM Holdings is now composed of two businesses: SiriusXM and Pandora. SiriusXM transmits music, talk shows, sports, and news via its two satellite radio networks, primarily to consumers in vehicles who pay a subscription fee. The firm's radios come preinstalled on a wide range of light vehicles in the U.S. and Canada. The firm acquired Pandora Media in February 2019 via an all-stock transaction. Pandora is a streaming music platform that offers an ad-supported radio option and a paid on-demand service. Liberty Media owns 80% of SiriusXM, traded through its Liberty SiriusXM Group tracking stock.
Read more on SIRI →