Cadence Design Systems Inc vs Tencent Music Entertainment Group - ADR — how do they compare? Cadence Design Systems Inc trades at $326.99 (market cap $90.20B), while Tencent Music Entertainment Group - ADR trades at $8.63 (market cap $16.09B). The key difference: Cadence Design Systems Inc is far larger — about 5.6× Tencent Music Entertainment Group - ADR's market cap, and Tencent Music Entertainment Group - ADR pays a 2.75% dividend while Cadence Design Systems Inc pays none. Which is the better fit depends on your goals.
| CDNS | TME | |
|---|---|---|
Market Cap | $90.20B | $16.09B |
Sector | Technology | Media |
52-Week High | $416.39 | $26.36 |
52-Week Low | $265.66 | $8.16 |
Enterprise Value | $91.41B | $14.05B |
Dividend Yield | — | 2.75% |
Trailing returns across standard periods
Latest headlines on both assets
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 →TME is the largest online music service provider in China. It was founded in 2016 with the business combination of QQ Music (founded in 2005), Kuwo Music (founded in 2005) and Kugou Music (founded in 2004) streaming platforms. Tencent is the largest shareholder of TME with over 50% shares and over 90% voting rights held. TME also provides social entertainment services, including music live audio/video broadcasts and online concert services through the three platforms mentioned above, and online karaoke through an independent platform WeSing.
Read more on TME →