CSCD has been the topic of a number of other reports. RBC Capital Markets reaffirmed an underperform rating and issued a $8.00 target price on shares of Cascade Microtech in a research report on Monday, August 22nd. Desjardins raised Cascade Microtech from a hold rating to a buy rating and set a $15.00 target price on the stock in a research report on Monday, September 26th. B. Riley reaffirmed a neutral rating and issued a $21.00 target price on shares of Cascade Microtech in a research report on Tuesday, June 28th. Finally, Scotiabank reiterated an outperform rating and issued a $14.75 price target (up from $12.75) on shares of Cascade Microtech in a report on Friday, September 30th. One 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 given a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $15.42.
Shares of Cascade Microtech (NASDAQ:CSCD) opened at 21.86 on Friday. 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 12-month low of $12.27 and a 12-month high of $22.01.
Hedge funds and other institutional investors have recently modified their holdings of 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 worth $841,000 after buying an additional 8,480 shares during the last quarter. Springbok Capital Management LLC bought a new position in shares of Cascade Microtech during the first quarter worth 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 worth $21,437,000 after buying an additional 209,000 shares during the last quarter. 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 worth $1,814,000 after buying an additional 7,574 shares during the last quarter. Finally, Yakira Capital Management Inc. bought a new position in shares of Cascade Microtech during the first quarter worth 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.
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