Cadence Design Systems, Inc. (NASDAQ:CDNS) recently saw stocks being sold by Fisher Asset Management LLC and Dana Investment Advisors Inc. Due to a weak Q2 guidance, CDNS stock experienced a drop, despite an overall positive market outlook.
Leadership changes within the company and further
stock underperformance when compared to competitors have also been noted. There has been a successful unveiling of a
NPU set to enhance Edge AI Performance while still suffering a larger drop than the general market.
AI is expected to boost Cadence Design Systems. The company has also beat Q1 earnings top estimates and experienced increase in stock position by QRG Capital Management. Collaboration between
Cadence Design Systems and
TSMC on wide-ranging innovations has sparked interest. But caution is advised as insiders are disposing of stocks. Recently, Cadence Design Systems also announced that they will acquire BETA CAE, a significant move towards expanding into structural analysis.
Cadence Design Systems CDNS News Analytics from Sun, 07 Jan 2024 08:00:00 GMT to Sun, 12 May 2024 17:08:32 GMT -
Rating -4
- Innovation 4
- Information 2
- Rumor -6
