Jim Cramer’s Top 5 Stock Picks This Week

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This article presents an overview of Jim Cramer’s Top 5 Stock Picks This Week. For a detailed overview of such stocks, read our article, Jim Cramer’s Top 10 Stock Picks This Week.

5. Cadence Design Systems Inc (NASDAQ:CDNS)

Number of Hedge Fund Investors: 58

Cadence Design Systems Inc (NASDAQ:CDNS) provides software, hardware, services, and reusable integrated circuit (IC) design blocks.

Jim Cramer earlier this week said that Cadence Design Systems Inc (NASDAQ:CDNS), which is also an Nvidia partner, is down because analysts didn’t like Cadence Design Systems Inc’s (NASDAQ:CDNS) weak Q1’2024 guidance. However, Cramer said Cadence Design Systems Inc (NASDAQ:CDNS) is “always conservative” and that he likes the stock.

As of the end of the third quarter of 2023, 58 hedge funds out of the 910 funds tracked by Insider Monkey had stakes in Cadence Design Systems Inc (NASDAQ:CDNS).

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