Cascade Microtech’s (CSCD) “Outperform” Rating Reiterated at CIBC
Cascade Microtech, Inc. (NASDAQ:CSCD)‘s stock had its “outperform” rating restated by research analysts at CIBC in a note issued to investors on Saturday.
CSCD has been the topic of several other research reports. RBC Capital Markets reissued an “underperform” rating and issued a $8.00 price objective on shares of Cascade Microtech in a research note on Monday, August 22nd. Desjardins raised Cascade Microtech from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Monday, September 26th. B. Riley reissued a “neutral” rating and issued a $21.00 price objective on shares of Cascade Microtech in a research note on Tuesday, June 28th. Finally, Scotiabank restated an “outperform” rating and set a $14.75 target price (up previously from $12.75) on shares of Cascade Microtech in a report on Friday, September 30th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $15.42.
Shares of Cascade Microtech (NASDAQ:CSCD) opened at 21.86 on Friday. The company has a 50 day moving average price of $20.86 and a 200 day moving average price of $19.24. Cascade Microtech has a one year low of $12.27 and a one year high of $22.01.
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Several hedge funds have recently modified their holdings of CSCD. Renaissance Technologies LLC raised its stake in shares of Cascade Microtech by 25.2% in the first quarter. Renaissance Technologies LLC now owns 1,039,600 shares of the company’s stock valued at $21,437,000 after buying an additional 209,000 shares in the last quarter. Yakira Capital Management Inc. acquired a new stake in shares of Cascade Microtech during the first quarter valued at approximately $6,678,000. Gardner Lewis Asset Management L P acquired a new stake in shares of Cascade Microtech during the first quarter valued at approximately $4,912,000. State Street Corp raised its stake in shares of Cascade Microtech by 8.3% in the first quarter. State Street Corp now owns 191,422 shares of the company’s stock valued at $3,947,000 after buying an additional 14,604 shares in the last quarter. Finally, Springbok Capital Management LLC acquired a new stake in shares of Cascade Microtech during the first quarter valued at approximately $2,603,000.
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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