Shares of Cascade Microtech, Inc. (NASDAQ:CSCD) have earned a consensus rating of “Buy” from the twelve analysts that are currently covering the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $15.34.

A number of brokerages have issued reports on CSCD. B. Riley reissued a “neutral” rating and set a $21.00 target price on shares of Cascade Microtech in a research note on Tuesday, June 28th. RBC Capital Markets reissued an “underperform” rating and set a $8.00 target price on shares of Cascade Microtech in a research note on Monday, August 22nd. Scotiabank reissued an “outperform” rating and set a $14.75 target price (up previously from $12.75) on shares of Cascade Microtech in a research note on Friday, September 30th. CIBC reissued an “outperform” rating on shares of Cascade Microtech in a research note on Saturday. Finally, Desjardins raised shares of Cascade Microtech from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Monday, September 26th.

Cascade Microtech (NASDAQ:CSCD) opened at 21.86 on Friday. Cascade Microtech has a 12 month low of $12.27 and a 12 month high of $22.01. The stock’s 50 day moving average is $20.86 and its 200 day moving average is $19.24.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Barclays PLC increased its position in shares of Cascade Microtech by 25.3% in the first quarter. Barclays PLC now owns 42,055 shares of the company’s stock valued at $841,000 after buying an additional 8,480 shares during the period. Springbok Capital Management LLC purchased a new position in shares of Cascade Microtech during the first quarter valued at approximately $2,603,000. Renaissance Technologies LLC increased its position in shares of 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 period. Geode Capital Management LLC increased its position in shares of 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. Finally, Yakira Capital Management Inc. purchased a new position in shares of Cascade Microtech during the first quarter valued at approximately $6,678,000.

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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