Cadence Design Systems' (NASDAQ:CDNS) recent market performance appears to be linked to their strong fundamentals. We also note some significant investments by
Colonial River Investments LLC and
Sumitomo Mitsui Trust Group Inc. However, organizations like
Allspring Global Investments Holdings LLC,
Bessemer Group Inc. and
Envestnet Portfolio Solutions Inc. reduced their holdings in CDNS. The company saw some traction with the likes of
Legacy Advisors LLC,
Monte Financial Group LLC adding to their shares. At the same time, some firms like
Penobscot Investment Management Company Inc. and
Cambridge Investment Research Advisors Inc. reduced their holdings. CDNS is currently seen as a trending stock. There have been multiple insider sales, one VP sold $302,000.00 worth of stock. Nevertheless,
Manning & Napier Advisors LLC purchased a significant amount of CDNS shares. Detailed reports highlighted a 216% gain for those who invested in the company five years ago. However,
Berenberg adjusted the price target on CDNS from $348 to $330. The company is currently the focus of much
insider activity. The most notable of which, are partnerships like the one with
NVIDIA for Europe's first industrial AI Cloud.
Cadence Design Systems CDNS News Analytics from Mon, 28 Oct 2024 07:00:00 GMT to Sat, 28 Jun 2025 12:58:51 GMT -
Rating 2
- Innovation 5
- Information 6
- Rumor -5
