Cadence Design SystemsCDNS
About: Cadence Design Systems is a provider of electronic design automation software, intellectual property, and system design and analysis products. EDA software automates and aids in the chip design process, enhancing design accuracy, productivity, and complexity in a full-flow end-to-end solution. Cadence offers a portfolio of design IP, as well as system design and analysis products, which enable system-level analysis and verification solutions.
Employees: 11,200
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
3% more repeat investments, than reductions
Existing positions increased: 467 | Existing positions reduced: 454
10% less call options, than puts
Call options by funds: $571M | Put options by funds: $633M
3.69% less ownership
Funds ownership: 87.76% [Q2] → 84.07% (-3.69%) [Q3]
6% less funds holding
Funds holding: 1,249 [Q2] → 1,180 (-69) [Q3]
16% less capital invested
Capital invested by funds: $73.5B [Q2] → $62B (-$11.6B) [Q3]
35% less first-time investments, than exits
New positions opened: 126 | Existing positions closed: 195
50% less funds holding in top 10
Funds holding in top 10: 22 [Q2] → 11 (-11) [Q3]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
Mizuho Siti Panigrahi 62% 1-year accuracy 13 / 21 met price target | 16%upside $350 | Outperform Maintained | 13 Dec 2024 |
Wells Fargo Joe Quatrochi 20% 1-year accuracy 1 / 5 met price target | 16%upside $350 | Overweight Initiated | 22 Nov 2024 |
Loop Capital Gary Mobley 71% 1-year accuracy 15 / 21 met price target | 19%upside $360 | Buy Initiated | 11 Nov 2024 |
Rosenblatt Blair Abernethy 56% 1-year accuracy 29 / 52 met price target | 7%downside $280 | Neutral Maintained | 29 Oct 2024 |
Baird Joe Vruwink 50% 1-year accuracy 21 / 42 met price target | 13%upside $340 | Outperform Maintained | 29 Oct 2024 |
Financial journalist opinion
Based on 14 articles about CDNS published over the past 30 days
