Cascade Microtech, Inc. Buyback
OLI recorded this information on 8/10/2015
Cascade Microtech, Inc.
Cascade Microtech, Inc. (NASDAQ: CSCD) today announced that its Board of Directors has authorized a new stock repurchase program. Under this program, the Company may repurchase up to $15 million of the Company's common stock from time to time, on the open market or in privately negotiated transactions, in compliance with applicable securities laws and other legal requirements.
Cascade Microtech designs, develops, manufactures and markets wafer probing, thermal and reliability solutions for the electrical measurement and testing of semiconductor devices. Co.'s products enable precision on-wafer measurement of integrated circuits and are used in the early phases of the development of semiconductor processes. Co.'s products are also used in production applications to test semiconductor devices prior to completion of the manufacturing process. Co. has two segments. Sales of probe stations, thermal subsystems and reliability test systems are included in Co.'s Systems segment and sales of analytical probes and production probe cards are included in its Probes segment.
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Hold (2.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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