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M&T Bank Corp Has $5.28 Million Stake in Cadence Design Systems, Inc. $CDNS
M&T Bank Corp significantly reduced its stake in Cadence Design Systems (NASDAQ:CDNS) by 41.1% in the fourth quarter, selling 11,776 shares and retaining 16,902 shares valued at $5.28 million. Despite this, Cadence Design Systems exceeded Q4 earnings expectations with deeper partnerships with TSMC, NVIDIA, and Google. The company maintains a “Moderate Buy” consensus from analysts with a target price of approximately $377.