Cascade Microtech, Inc. (CSCD) Position Decreased by Wellington Management Group LLP

Wellington Management Group LLP decreased its stake in shares of Cascade Microtech, Inc. (NASDAQ:CSCD) by 6.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,631,418 shares of the company’s stock after selling 112,663 shares during the period. Wellington Management Group LLP owned approximately 10.24% of Cascade Microtech worth $33,640,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. Yakira Capital Management Inc. purchased a new position in shares of Cascade Microtech during the first quarter valued at approximately $6,678,000. State Street Corp increased its position in shares of 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 period. Gardner Lewis Asset Management L P purchased a new position in shares of Cascade Microtech during the first quarter valued at approximately $4,912,000. OMERS ADMINISTRATION Corp purchased a new position in shares of Cascade Microtech during the first quarter valued at approximately $680,000. Finally, BlackRock Institutional Trust Company N.A. increased its position in shares of Cascade Microtech by 67.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 389,953 shares of the company’s stock valued at $8,041,000 after buying an additional 156,906 shares during the period.

Shares of Cascade Microtech, Inc. (NASDAQ:CSCD) remained flat at $21.86 during midday trading on Wednesday. Cascade Microtech, Inc. has a 12-month low of $12.27 and a 12-month high of $22.01. The firm’s 50-day moving average price is $20.86 and its 200-day moving average price is $19.24.

Several brokerages have recently commented on CSCD. B. Riley reaffirmed a “neutral” rating and set a $21.00 price objective on shares of Cascade Microtech in a research note on Sunday, July 3rd. Zacks Investment Research raised shares of Cascade Microtech from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective for the company in a research note on Thursday, April 28th. Finally, Royal Bank Of Canada raised shares of Cascade Microtech from a “sector perform” rating to an “outperform” rating and set a $11.00 price objective for the company in a research note on Tuesday, April 26th. Five equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $15.86.

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.