Cascade Microtech, Inc. (CSCD) Rating Reiterated by CIBC
Cascade Microtech, Inc. (NASDAQ:CSCD)‘s stock had its “outperform” rating reaffirmed by stock analysts at CIBC in a research note issued on Saturday.
Several other research analysts have also recently weighed in on CSCD. B. Riley reaffirmed a “neutral” rating and issued a $21.00 price target on shares of Cascade Microtech in a report on Tuesday, June 28th. RBC Capital Markets reaffirmed an “underperform” rating and issued a $8.00 price target on shares of Cascade Microtech in a report on Monday, August 22nd. Desjardins raised shares of Cascade Microtech from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Monday, September 26th. Finally, Scotiabank reaffirmed an “outperform” rating and issued a $14.75 price target (up previously from $12.75) on shares of Cascade Microtech in a report on Friday, September 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $15.42.
Cascade Microtech (NASDAQ:CSCD) opened at 21.86 on Friday. Cascade Microtech has a 52-week low of $12.27 and a 52-week high of $22.01. The stock has a 50 day moving average price of $20.86 and a 200 day moving average price of $19.24.
A number of hedge funds have recently bought and sold shares of the stock. OMERS ADMINISTRATION Corp acquired a new stake in Cascade Microtech during the first quarter valued at about $680,000. Barclays PLC raised its stake in Cascade Microtech by 25.3% in the first quarter. Barclays PLC now owns 42,055 shares of the company’s stock valued at $841,000 after buying an additional 8,480 shares during the last quarter. Geode Capital Management LLC raised its stake in Cascade Microtech by 9.4% in the first quarter. Geode Capital Management LLC now owns 87,982 shares of the company’s stock valued at $1,814,000 after buying an additional 7,574 shares during the last quarter. Springbok Capital Management LLC acquired a new stake in Cascade Microtech during the first quarter valued at about $2,603,000. Finally, State Street Corp raised its stake in 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 during the last quarter.
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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