Cascade Microtech, Inc. (CSCD) Given Outperform Rating at CIBC
Several other research firms have also commented on CSCD. B. Riley reaffirmed a neutral rating and set a $21.00 price target on shares of Cascade Microtech in a research report on Sunday, July 3rd. Scotiabank reaffirmed an outperform rating and set a $14.75 price target (up previously from $12.75) on shares of Cascade Microtech in a research report on Friday, September 30th. Desjardins raised shares of Cascade Microtech from a hold rating to a buy rating and set a $15.00 price target for the company in a research report on Monday, September 26th. Finally, RBC Capital Markets reaffirmed an underperform rating and set a $8.00 price target on shares of Cascade Microtech in a research report on Monday, August 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $15.42.
Shares of Cascade Microtech (NASDAQ:CSCD) opened at 21.86 on Friday. The company has a 50-day moving average of $20.86 and a 200-day moving average of $19.24. Cascade Microtech has a 52 week low of $12.27 and a 52 week high of $22.01.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC increased its position in Cascade Microtech by 25.2% in the first quarter. Renaissance Technologies LLC now owns 1,039,600 shares of the company’s stock valued at $21,437,000 after buying an additional 209,000 shares during the last quarter. Yakira Capital Management Inc. acquired a new position in Cascade Microtech during the first quarter valued at $6,678,000. Gardner Lewis Asset Management L P acquired a new position in Cascade Microtech during the first quarter valued at $4,912,000. State Street Corp increased its position in Cascade Microtech by 8.3% in the first quarter. State Street Corp now owns 191,422 shares of the company’s stock valued at $3,947,000 after buying an additional 14,604 shares during the last quarter. Finally, Springbok Capital Management LLC acquired a new position in Cascade Microtech during the first quarter valued at $2,603,000.
About Cascade Microtech
Cascade Microtech, Inc is a designer, developer, manufacturer and marketer of wafer probing, thermal and reliability solutions for the electrical measurement and testing of semiconductor devices. The Company operates in two business segments: Systems and Probes. The Systems business segment is engaged in the sale of probe stations, thermal subsystems and reliability test systems.
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