Cascade Microtech, Inc. (NASDAQ:CSCD)‘s stock had its “outperform” rating reissued by research analysts at CIBC in a research report issued on Saturday.

A number of other equities research analysts also recently issued reports on the company. Desjardins raised Cascade Microtech from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Monday, September 26th. Scotiabank reissued 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. RBC Capital Markets reissued an “underperform” rating and set a $8.00 price target on shares of Cascade Microtech in a research report on Monday, August 22nd. Finally, B. Riley reaffirmed a “neutral” rating and issued a $21.00 target price on shares of Cascade Microtech in a report on Sunday, July 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $15.42.

Analyst Recommendations for Cascade Microtech (NASDAQ:CSCD)

Shares of Cascade Microtech (NASDAQ:CSCD) opened at 21.86 on Friday. The company has a 50-day moving average price of $20.86 and a 200-day moving average price of $19.24. Cascade Microtech has a 12-month low of $12.27 and a 12-month high of $22.01.

Several large investors have recently added to or reduced their stakes in the stock. OMERS ADMINISTRATION Corp purchased a new stake in Cascade Microtech during the first quarter valued at $680,000. Gardner Lewis Asset Management L P purchased a new stake in Cascade Microtech during the first quarter valued at $4,912,000. State Street Corp increased its stake 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 period. Yakira Capital Management Inc. purchased a new stake in Cascade Microtech during the first quarter valued at $6,678,000. Finally, Geode Capital Management LLC increased its stake in Cascade Microtech by 9.4% in the first quarter. Geode Capital Management LLC now owns 87,982 shares of the company’s stock valued at $1,814,000 after buying an additional 7,574 shares during the period.

Cascade Microtech Company Profile

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.

5 Day Chart for NASDAQ:CSCD

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