Various firms are adjusting their positions in Cadence Design Systems (CDNS), resulting in mixed trading sentiments. While entities like Fred Alger Management, Fmr, and Cynosure Group have reduced their holdings, others such as Financial Counselors, and Rockefeller Capital have expanded their CDNS portfolio. A surplus of third-quarter estimates and promising profit outlook have garnered investor interest. CDNS shares have experienced a fall despite robust results but Wall Street expects earnings growth potential. Major acquisitions have been made by significant entities such as Rockefeller Capital Management, National Wealth Management, and Zurcher Kantonalbank. Goldman Sachs labels CDNS as a top growth investor stock while Wells Fargo flags an upbeat notice, citing AI monetization and hardware growth prospects. However, concerns over CDNS's returns on capital and recent price jump have also been noted. Criticized for some weaker than expected guidance, the CDNS stock has observed oscillating performances in the market.
Cadence Design Systems CDNS News Analytics from Mon, 22 Jul 2024 07:00:00 GMT to Sat, 30 Nov 2024 14:45:53 GMT - Rating 5 - Innovation 3 - Information 8 - Rumor 2
