Cadence Design Systems (CDNS) continually outperforms the stock market, and this development has attracted substantial interest from investors. Norges Bank, Caisse Des Depots ET Consignations, Alerus Financial NA, Premier Fund Managers Ltd, AKO Capital LLP, Congress Wealth Management LLC, NEOS Investment Management LLC, and Proficio Capital Partners LLC are among the institutional investors acquiring stakes. Conversely, stakeholders such as Korea Investment CORP, Artisan Partners Limited Partnership, Corebridge Financial Inc., and Mitsubishi UFJ Trust & Banking Corp are reducing their positions. CDNS' stock has seen some fluctuation lately, but the company's fundamentals remain strong, underpinned by record backlogs and solid Q4 2024 earnings, and AI-driven chip design demand, despite a dip in recent stock movement following its soft 2025 guidance. The company continues to innovate by expanding partnerships, including a notable one with NVIDIA to accelerate AI and scientific innovations. CDNS's health is further emphasized by the moderate buy consensus recommendation from analysts leading to Maryland State Retirement & Pension System, SEI Investments Co., and American Century Companies Inc. enhancing their stake in the company.
Cadence Design Systems CDNS News Analytics from Mon, 28 Oct 2024 07:00:00 GMT to Sat, 29 Mar 2025 14:30:22 GMT -
Rating 8
- Innovation 7
- Information 9
- Rumor -3
