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Cadence Design Systems Inc. (Nasdaq: CDNS) Cadence is a great double play. The firm is a leader in providing software for the booming semiconductor industry. Founded in 1988, the Silicon Valley firm has granted software licenses to roughly 200 firms and counts seven of the top 10 semiconductor makers as clients. With a market cap of nearly $5 billion, Cadence has operating margins and return on stockholders' equity of 11.2%. It has a three-year earnings growth rate of 44%.