PFG Advisors Cuts Stake in Cadence Design Systems, Inc. $CDNS

robot
Abstract generation in progress

PFG Advisors significantly reduced its stake in Cadence Design Systems (NASDAQ:CDNS) by 45.2% in Q4, selling 7,713 shares and retaining 9,365 shares worth approximately $2.93 million. Despite this, other major institutional investors increased their positions, and 84.85% of the stock is held by institutional investors. Analysts maintain a “Moderate Buy” consensus with an average price target of $377.06, driven by positive sentiment around Cadence’s expanded AI partnership with NVIDIA and strong Q1/FY2026 EPS guidance, although insider selling by the CFO has been noted.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin