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Cascade Microtech (NASDAQ:CSCD) Director Eric W. Strid sold 13,585 shares of the stock on the open market in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $13.25, for a total value of $180,001.25. Following the completion of the transaction, the director now directly owns 831,824 shares in the company, valued at approximately $11,021,668. The transaction was disclosed in a filing with the SEC, which is available at this link.

CSCD has been the subject of a number of recent research reports. Analysts at Canaccord Genuity initiated coverage on shares of Cascade Microtech in a research note on Tuesday, July 1st. They set a “buy” rating and a $16.00 price target on the stock. Separately, 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. Finally, 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. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $14.04.

Cascade Microtech (NASDAQ:CSCD) traded up 0.22% on Monday, hitting $13.45. The stock had a trading volume of 155,653 shares. Cascade Microtech has a 52-week low of $6.71 and a 52-week high of $13.95. The stock’s 50-day moving average is $12.92 and its 200-day moving average is $10.61. The company has a market cap of $218.3 million and a P/E ratio of 14.59.

Cascade Microtech (NASDAQ:CSCD) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.10 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.09 by $0.01. Analysts expect that Cascade Microtech will post $0.55 EPS for the current fiscal year.

Cascade Microtech, Inc designs, develops, manufactures and markets wafer probing and test socket solutions for the electrical measurement and testing of semiconductor devices.

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