Cascade Microtech, Inc. (CSCD) Receives “Outperform” Rating from CIBC
Cascade Microtech, Inc. (NASDAQ:CSCD)‘s stock had its “outperform” rating reiterated by equities researchers at CIBC in a research note issued on Saturday.
Several other brokerages have also recently issued reports on CSCD. B. Riley restated a “neutral” rating and issued a $21.00 target price on shares of Cascade Microtech in a report on Sunday, July 3rd. Scotiabank restated an “outperform” rating and issued a $14.75 target price (up previously from $12.75) on shares of Cascade Microtech in a report on Friday, September 30th. Desjardins upgraded shares of Cascade Microtech from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Monday, September 26th. Finally, RBC Capital Markets restated an “underperform” rating and issued a $8.00 target price on shares of Cascade Microtech in a report on Monday, August 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock presently 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 company’s 50-day moving average is $20.86 and its 200 day moving average is $19.24. Cascade Microtech has a 52-week low of $12.27 and a 52-week high of $22.01.
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A number of hedge funds have recently added to or reduced their stakes in CSCD. Springbok Capital Management LLC purchased a new position in shares of Cascade Microtech during the first quarter worth approximately $2,603,000. 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. OMERS ADMINISTRATION Corp purchased a new position in shares of Cascade Microtech during the first quarter worth approximately $680,000. Gardner Lewis Asset Management L P purchased a new position in shares of Cascade Microtech during the first quarter worth approximately $4,912,000. Finally, Yakira Capital Management Inc. purchased a new position in shares of Cascade Microtech during the first quarter worth approximately $6,678,000.
About Cascade Microtech
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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