Integrated Advisors Network and other investment groups have increased their holdings in Cadence Design Systems (CDNS), despite a recent drop in share prices. There has been speculation about the reasons behind this drop, with some attributing it to increased engagement with the Bureau of Industry and Security (BIS) regarding license clarification. Regardless, analysts consider CDNS a top-ranked growth stock suggesting a potential upside of 11.40%. There's been a 14% increase over the last quarter, despite a recent 9.1% pullback. Stakeholders like Vise Technologies and Mackenzie Financial Corp have made sizable investments in the company, while the Public Employees Retirement System of Ohio and Woodline Partners LP sold shares. Meanwhile, the U.S. Commerce Department has put restrictions on supplying to China, impacting CDNS while also provoking mixed investor sentiments. Fundamentally, the company continues to show potential through a robust market cap of $86.7 billion. However, recent guidance suggesting soft 2025 performance, has led to the market reacting negatively. CDNS remains a preferred choice among top funds and continues to outperform the tech sector.
Cadence Design Systems CDNS News Analytics from Thu, 16 Jan 2025 08:00:00 GMT to Sat, 31 May 2025 21:45:38 GMT -
Rating 5
- Innovation 4
- Information 7
- Rumor -6
