Cascade Microtech Director Sells $121,087 in Stock (CSCD)
Cascade Microtech (NASDAQ:CSCD) Director Eric W. Strid unloaded 9,966 shares of the company’s stock on the open market in a transaction dated Friday, June 6th. The shares were sold at an average price of $12.15, for a total transaction of $121,086.90. Following the sale, the director now directly owns 969,324 shares of the company’s stock, valued at approximately $11,777,287. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Cascade Microtech (NASDAQ:CSCD) traded up 6.82% during mid-day trading on Monday, hitting $13.00. The stock had a trading volume of 342,421 shares. Cascade Microtech has a 52-week low of $6.50 and a 52-week high of $13.20. The stock has a 50-day moving average of $10.68 and a 200-day moving average of $9.98. The company has a market cap of $211.0 million and a price-to-earnings ratio of 13.23.
Cascade Microtech (NASDAQ:CSCD) last issued its quarterly earnings data 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. On average, analysts predict that Cascade Microtech will post $0.55 earnings per share 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, June 3rd. 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, June 3rd. 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 company. The stock currently has a consensus 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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