Cadence Design Systems (CDNS) continues to impress in the market, outperforming both the broader market and its competitors. Notably, several investment and wealth advisory companies, including Curated Wealth Partners, Linden Thomas Advisory Services, and B.O.S.S Retirement Advisors, among others, have made significant investments in CDNS. The stock has given its investors enviable returns of around 316% to 365% over the past five years. Also, Cadence announced its acquisition of Secure-IC, which is set to bolster its IP portfolio and potentially drive embedded security innovation. Cadence's institutional ownership is considerably high, sitting at around 87% to 88%. Finally, Cadence's AI tools are playing a significant role in powering 2nm chip designs, indicating a solid grasp on innovation.
Cadence Design Systems CDNS News Analytics from Mon, 22 Jul 2024 07:00:00 GMT to Sat, 25 Jan 2025 14:48:20 GMT - Rating 6 - Innovation 7 - Information 8 - Rumor -5
