There has been a flurry of activities related to Cadence Design Systems, Inc. (NASDAQ:CDNS). Its stock has been acquired by different firms such as Gilbert & Cook, Stifel Financial Corp, Axiom Investors LLC DE, and SageView Advisory Group LLC. Despite weak Q2 guidance which led to a drop in the stock, its price target was raised to $350.00 at Bank of America.
Distinct investment groups like Partners Capital Investment Group exited CDNS by selling 4,952 shares. CDNS's performance has exceeded market returns, raising questions about its sustainability. This has not prevented new acquisitions of shares by Advisory Services Network LLC or accolades like the 'Bull of the Day'.
Despite some insider sales, CDNS also launched Allegro X AI, aimed at reducing PCB design time. A potential acquisition of Future Facilities has been mentioned, although terms are still undisclosed. Lastly, there's huge interest from institutional owners, holding 87% of the company.
Cadence Design Systems CDNS News Analytics from Wed, 04 Oct 2023 07:00:00 GMT to Sun, 02 Jun 2024 18:42:10 GMT - Rating 8 - Innovation 5 - Information 7 - Rumor -1
