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

CSCD has been the topic of several research analyst reports. RBC Capital Markets reiterated an “underperform” rating and set a $8.00 price target on shares of Cascade Microtech in a research report on Monday, August 22nd. CIBC upgraded Cascade Microtech from a “sector perform” rating to a “sector outperform” rating in a report on Monday, August 29th. Desjardins upgraded Cascade Microtech from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Monday, September 26th. Finally, Scotiabank restated an “outperform” rating and issued a $14.75 target price (up from $12.75) on shares of Cascade Microtech in a report on Friday, September 30th.

A number of hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC boosted its stake in Cascade Microtech by 25.3% in the first quarter. Barclays PLC now owns 42,055 shares of the company’s stock worth $841,000 after buying an additional 8,480 shares during the last quarter. Springbok Capital Management LLC purchased a new stake in Cascade Microtech during the first quarter worth about $2,603,000. Finally, Renaissance Technologies LLC boosted its stake in Cascade Microtech by 25.2% in the first quarter. Renaissance Technologies LLC now owns 1,039,600 shares of the company’s stock worth $21,437,000 after buying an additional 209,000 shares during the last quarter.

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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