Cascade Microtech EVP Sells $222,132 in Stock (CSCD)
Cascade Microtech (NASDAQ:CSCD) EVP Steven L. Harris sold 18,511 shares of the stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $12.00, for a total value of $222,132.00. Following the completion of the sale, the executive vice president now directly owns 45,107 shares in the company, valued at approximately $541,284. The sale was disclosed in a filing with the SEC, which is available at this link.
Cascade Microtech (NASDAQ:CSCD) traded up 1.76% on Tuesday, hitting $12.16. The stock had a trading volume of 150,927 shares. Cascade Microtech has a 52-week low of $6.47 and a 52-week high of $12.15. The stock’s 50-day moving average is $10.30 and its 200-day moving average is $9.91. The company has a market cap of $197.4 million and a price-to-earnings ratio of 12.99.
Cascade Microtech (NASDAQ:CSCD) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. Analysts expect that Cascade Microtech will post $0.53 EPS for the current fiscal year.
CSCD has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Cascade Microtech to a “neutral” rating in a research note on Tuesday. They now have a $12.20 price target on the stock. Separately, analysts at Craig Hallum initiated coverage on shares of Cascade Microtech in a research note on Tuesday. They set a “buy” rating and a $15.00 price target on the stock. Finally, analysts at Lake Street Capital initiated coverage on shares of Cascade Microtech in a research note on Friday. They set a “buy” rating and a $13.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $13.34.
Cascade Microtech, Inc designs, develops, manufactures and markets wafer probing and test socket solutions for the electrical measurement and testing of chips.
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