Benchmark Initiates Coverage On Cadence Design Systems with Buy Rating, Announces Price Target of $450

Tower Semiconductor And OpenLight Announce Availability Of OpenLight’s Photonic Process Design Kit For Tower's PH18DAindium Phosphide Photonics In Cadence’s Electronic Design Automation Tools

Developed through close technical collaboration between the companies, the PDK now enables customers to design advanced photonic integrated circuits (PICs) within a widely adopted IC design environment and accelerate

Consumer Tech (July 27-31): AI Boom Drives Tech Earnings As Apple, Amazon Lead Markets & More

AI infrastructure spending dominates markets as Apple, Amazon, Microsoft and semiconductor companies report strong earnings amid rising memory demand.

B of A Securities Maintains Buy on Cadence Design Systems, Raises Price Target to $420

B of A Securities analyst Vivek Arya maintains Cadence Design Systems (NASDAQ:CDNS) with a Buy and raises the price target from $400 to $420.

Cadence Design Systems shares are trading higher after the company reported better-than-expected Q2 financial results and raised its FY26 guidance above estimates. Also, the company issued Q3 EPS guidance above estimates.