Cascade Microtech, Inc. (NASDAQ:CSCD)‘s stock had its “outperform” rating reissued by equities research analysts at Scotiabank in a note issued to investors on Friday. They presently have a $14.75 price target on the stock, up from their prior price target of $12.75. Scotiabank’s target price suggests a potential downside of 32.53% from the stock’s previous close.
A number of other equities analysts have also recently commented on CSCD. B. Riley reaffirmed a “neutral” rating and set a $21.00 price target on shares of Cascade Microtech in a research note on Tuesday, June 28th. RBC Capital Markets reaffirmed an “underperform” rating and set a $8.00 price target on shares of Cascade Microtech in a research note on Monday, August 22nd. CIBC raised shares of Cascade Microtech from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, August 29th. Finally, Desjardins raised shares of Cascade Microtech from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Monday, September 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Cascade Microtech has a consensus rating of “Buy” and a consensus price target of $15.42.
Shares of Cascade Microtech (NASDAQ:CSCD) opened at 21.86 on Friday. The firm’s 50-day moving average is $20.86 and its 200-day moving average is $19.24. Cascade Microtech has a one year low of $12.27 and a one year high of $22.01.
Several large investors have recently bought and sold shares of CSCD. Yakira Capital Management Inc. acquired a new stake in Cascade Microtech during the first quarter valued at approximately $6,678,000. Gardner Lewis Asset Management L P acquired a new stake in Cascade Microtech during the first quarter valued at approximately $4,912,000. Renaissance Technologies LLC raised its stake in 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. Springbok Capital Management LLC acquired a new stake in Cascade Microtech during the first quarter valued at approximately $2,603,000. Finally, Algert Global LLC raised its stake in Cascade Microtech by 175.9% in the first quarter. Algert Global LLC now owns 57,514 shares of the company’s stock valued at $1,186,000 after buying an additional 36,667 shares in 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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