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Cadence Design gets bullish start at Rosenblatt on market dominance

June 25, 2021
Seeking Alpha
  • Calling the company a leader in analog design, Rosenblatt Securities starts Cadence Design Systems (NASDAQ:CDNS) with a Buy rating and $156 price target.
  • Analyst John McPeake: “Their analog tools have been used in virtually all the important analog and mixed signal designs over the past two decades.”
  • The analyst also highlights Cadence's licensed digital IP position.
  • Cadence shares are currently up slightly to $135.43.
  • Last month, Cadence and foundry giant TSMC announced a development collaboration for N3 and N4 semiconductor processes.

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