Desjardins upgraded shares of Cascade Microtech, Inc. (NASDAQ:CSCD) from a hold rating to a buy rating in a research note issued to investors on Monday morning. Desjardins currently has $15.00 target price on the stock.
CSCD has been the topic of several other research reports. CIBC raised shares of Cascade Microtech from a sector perform rating to a sector outperform rating in a report on Monday, August 29th. RBC Capital Markets reissued an underperform rating and issued a $8.00 target price on shares of Cascade Microtech in a report on Monday, August 22nd. Finally, B. Riley reissued a neutral rating and issued a $21.00 target price on shares of Cascade Microtech in a report on Sunday, July 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $14.89.
Shares of Cascade Microtech (NASDAQ:CSCD) opened at 21.86 on Monday. 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 of $20.86 and a 200 day moving average of $19.24.
A number of hedge funds and other institutional investors have recently bought and sold shares of CSCD. OMERS ADMINISTRATION Corp purchased a new position in Cascade Microtech during the first quarter worth $680,000. Barclays PLC boosted its position in Cascade Microtech by 25.3% in the first quarter. Barclays PLC now owns 42,055 shares of the company’s stock worth $841,000 after buying an additional 8,480 shares during the period. Algert Global LLC boosted its position in Cascade Microtech by 175.9% in the first quarter. Algert Global LLC now owns 57,514 shares of the company’s stock worth $1,186,000 after buying an additional 36,667 shares during the period. Geode Capital Management LLC boosted its position in 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 period. Finally, Springbok Capital Management LLC purchased a new position in Cascade Microtech during the first quarter worth $2,603,000.
Cascade Microtech Company Profile
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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