Fintel reports that on November 22, 2024, Wells Fargo initiated coverage of Cadence Design Systems (LSE:0HS2) with a Overweight recommendation.
Analyst Price Forecast Suggests 2.94% Upside
As of November 21, 2024, the average one-year price target for Cadence Design Systems is 316.61 GBX/share. The forecasts range from a low of 224.47 GBX to a high of 373.37 GBX. The average price target represents an increase of 2.94% from its latest reported closing price of 307.58 GBX / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Cadence Design Systems is 4,543MM, an increase of 4.34%. The projected annual non-GAAP EPS is 5.67.
What is the Fund Sentiment?
There are 2,310 funds or institutions reporting positions in Cadence Design Systems. This is an decrease of 51 owner(s) or 2.16% in the last quarter. Average portfolio weight of all funds dedicated to 0HS2 is 0.41%, an increase of 7.78%. Total shares owned by institutions decreased in the last three months by 1.24% to 277,739K shares.
What are Other Shareholders Doing?
BlackRock holds 30,098K shares representing 10.97% ownership of the company.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,595K shares representing 3.13% ownership of the company. In its prior filing, the firm reported owning 8,561K shares , representing an increase of 0.40%. The firm decreased its portfolio allocation in 0HS2 by 3.48% over the last quarter.
Massachusetts Financial Services holds 7,881K shares representing 2.87% ownership of the company. In its prior filing, the firm reported owning 9,455K shares , representing a decrease of 19.97%. The firm decreased its portfolio allocation in 0HS2 by 88.99% over the last quarter.
Jennison Associates holds 7,606K shares representing 2.77% ownership of the company. In its prior filing, the firm reported owning 7,408K shares , representing an increase of 2.61%. The firm decreased its portfolio allocation in 0HS2 by 53.11% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 6,985K shares representing 2.55% ownership of the company. In its prior filing, the firm reported owning 6,856K shares , representing an increase of 1.84%. The firm decreased its portfolio allocation in 0HS2 by 4.66% over the last quarter.
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