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StocksUpdated×2•Originally published 9 May 2026•Updated 10 May 2026•

1 min read

Ethic Inc. Increases Stake in Cadence Design Systems (CDNS) Amid Analyst Optimism

Key Facts

1Ethic Inc. increased its stake in CSCO by 4.2% in the fourth quarter, purchasing an additional 20,450 shares.

2Cisco announced an increased quarterly dividend of $0.42 per share.

Ethic Inc. has expanded its position in Cadence Design Systems (CDNS), increasing its total holdings to 31,244 shares valued at approximately $9.77 million. This accumulation occurs as institutional ownership in CDNS remains robust, currently standing at about 84.85% of the company's outstanding shares. Market analysts have established an average price target of $380.59 for the stock, signaling significant confidence in the firm's growth trajectory within the electronic design automation sector. The strategic move by Ethic Inc. underscores a growing institutional appetite for high-performing technology assets. Investors are closely monitoring these shifts in ownership as indicators of long-term value in the semiconductor software space.

25 days ago

Version History

1 additional source confirmed this story

Version 225 days ago

What changed: The focus shifted from Cisco Systems (CSCO) to Ethic Inc.'s increased stake in Cadence Design Systems (CDNS), including updated institutional ownership data and analyst price targets.

Version 125 days ago

What changed: Added data on Yacktman Asset Management's stake reduction, the 73.33% institutional ownership metric, the $90.29 price target, and mentions of insider selling.