Paragon Associates Paragon Associates Ii Joint Venture Lowers stake in Cascade Microtech (CSCD)

Cascade Microtech (CSCD) : Paragon Associates Paragon Associates Ii Joint Venture reduced its stake in Cascade Microtech by 4.61% during the most recent quarter end. The investment management company now holds a total of 890,177 shares of Cascade Microtech which is valued at $18.2 Million after selling 43,003 shares in Cascade Microtech , the firm said in a disclosure report filed with the SEC on May 13, 2016.Cascade Microtech makes up approximately 16.16% of Paragon Associates Paragon Associates Ii Joint Venture’s portfolio.

Other Hedge Funds, Including , Stevens Capital Management Lp added CSCD to its portfolio by purchasing 46,011 company shares during the most recent quarter which is valued at $940,925. Cascade Microtech makes up approx 0.04% of Stevens Capital Management Lp’s portfolio.Algert Global boosted its stake in CSCD in the latest quarter, The investment management firm added 36,667 additional shares and now holds a total of 57,514 shares of Cascade Microtech which is valued at $1.2 Million. Cascade Microtech makes up approx 0.45% of Algert Global’s portfolio.Blackrock Investment Management boosted its stake in CSCD in the latest quarter, The investment management firm added 1,341 additional shares and now holds a total of 49,568 shares of Cascade Microtech which is valued at $1 Million.Blackrock Japan Ltd reduced its stake in CSCD by selling 56 shares or 1.19% in the most recent quarter. The Hedge Fund company now holds 4,634 shares of CSCD which is valued at $94,765.Municipal Employees’ Retirement System Of Michigan reduced its stake in CSCD by selling 12,700 shares or 72.16% in the most recent quarter. The Hedge Fund company now holds 4,900 shares of CSCD which is valued at $100,107. Cascade Microtech makes up approx 0.01% of Municipal Employees’ Retirement System Of Michigan’s portfolio.

Cascade Microtech closed down -0.04 points or -0.19% at $20.65 with 29,907 shares getting traded on Wednesday. Post opening the session at $20.67, the shares hit an intraday low of $20.61 and an intraday high of $20.8 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Cascade Microtech reported $0.20 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.14. The company had revenue of $34.80 million for the quarter, compared to analysts expectations of $35.16 million. The company’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS.

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 through two business segments: Systems and Probes. The Systems business segment is engaged in the sale of probe stations thermal subsystems and reliability test systems. The Probes segment is engaged in the sale of analytical probes and production probe cards. The Company designs manufactures and sells multiple product lines including probe stations thermal subsystems reliability test systems analytical probes production probe cards and various services and accessories.

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