Cascade Microtech (CSCD) : Yakira Capital Management added new position in Cascade Microtech during the most recent quarter end. The investment management firm now holds 323,841 shares of Cascade Microtech which is valued at $6.6 Million , the company said in a statement filed on May 13, 2016 with the SEC.Cascade Microtech makes up approximately 2.52% of Yakira Capital Management’s portfolio.
Other Hedge Funds, Including , Parametric Portfolio Associates boosted its stake in CSCD in the latest quarter, The investment management firm added 8,714 additional shares and now holds a total of 19,339 shares of Cascade Microtech which is valued at $395,483. Denver Investment Advisors sold out all of its stake in CSCD during the most recent quarter. The investment firm sold 11,221 shares of CSCD which is valued $229,469.Royce Associates Lp reduced its stake in CSCD by selling 789,884 shares or 95.76% in the most recent quarter. The Hedge Fund company now holds 35,000 shares of CSCD which is valued at $715,750. Gamco Investors Et Al added CSCD to its portfolio by purchasing 10,900 company shares during the most recent quarter which is valued at $222,687.Russell Frank Co reduced its stake in CSCD by selling 4,708 shares or 47.49% in the most recent quarter. The Hedge Fund company now holds 5,206 shares of CSCD which is valued at $108,857.
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.