Other equities research analysts have also issued research reports about the company. CIBC upgraded Cascade Microtech from a sector perform rating to a sector outperform rating in a research note on Monday, August 29th. RBC Capital Markets restated an underperform rating and set a $8.00 price objective on shares of Cascade Microtech in a research note on Monday, August 22nd. Finally, B. Riley restated a neutral rating and set a $21.00 price objective on shares of Cascade Microtech in a research note on Sunday, July 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Cascade Microtech currently has a consensus rating of Buy and an average price target of $14.89.
Cascade Microtech (NASDAQ:CSCD) opened at 21.86 on Monday. The firm has a 50-day moving average price of $20.86 and a 200 day moving average price 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 added to or reduced their stakes in CSCD. Barclays PLC raised its position 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 in the last quarter. Springbok Capital Management LLC bought a new position in Cascade Microtech during the first quarter worth about $2,603,000. Renaissance Technologies LLC raised 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 worth $21,437,000 after buying an additional 209,000 shares in the last quarter. Geode Capital Management LLC raised its position in Cascade Microtech by 9.4% in the first quarter. Geode Capital Management LLC now owns 87,982 shares of the company’s stock worth $1,814,000 after buying an additional 7,574 shares in the last quarter. Finally, Yakira Capital Management Inc. bought a new position in Cascade Microtech during the first quarter worth about $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.
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