Cascade Microtech Director Eric W. Strid Sells 50,278 Shares (CSCD)
Cascade Microtech (NASDAQ:CSCD) Director Eric W. Strid unloaded 50,278 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $12.01, for a total value of $603,838.78. Following the transaction, the director now directly owns 979,290 shares in the company, valued at approximately $11,761,273. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Cascade Microtech (NASDAQ:CSCD) traded up 0.33% during mid-day trading on Wednesday, hitting $12.20. The stock had a trading volume of 75,379 shares. Cascade Microtech has a 1-year low of $6.50 and a 1-year high of $12.30. The stock’s 50-day moving average is $10.46 and its 200-day moving average is $9.93. The company has a market cap of $198.0 million and a price-to-earnings ratio of 13.22.
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.
A number of analysts have recently weighed in on CSCD shares. 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, May 30th. They set a “buy” rating and a $13.00 price target on the stock. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target 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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