Recent Investment Analysts’ Ratings Updates for CyberOptics (CYBE)

A number of firms have modified their ratings and price targets on shares of CyberOptics (NASDAQ: CYBE) recently:

  • 11/6/2018 – CyberOptics was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $23.00 price target on the stock. According to Zacks, “CyberOptics Corporation is a leading provider of sensors and inspection systems that provide process yield and through-put improvement solutions for the global electronic assembly and semiconductor capital equipment markets. The Company’s products are deployed on production lines that manufacture surface mount technology circuit boards and semiconductor process equipment. By increasing productivity and product quality, our sensors and inspection systems enable electronics manufacturers to strengthen their competitive positions in highly price-sensitive markets. Headquartered in Minneapolis, Minnesota, they conduct worldwide operations through facilities in North America, Asia and Europe. “
  • 11/5/2018 – CyberOptics was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “CyberOptics Corporation is a leading provider of sensors and inspection systems that provide process yield and through-put improvement solutions for the global electronic assembly and semiconductor capital equipment markets. The Company’s products are deployed on production lines that manufacture surface mount technology circuit boards and semiconductor process equipment. By increasing productivity and product quality, our sensors and inspection systems enable electronics manufacturers to strengthen their competitive positions in highly price-sensitive markets. Headquartered in Minneapolis, Minnesota, they conduct worldwide operations through facilities in North America, Asia and Europe. “
  • 10/25/2018 – CyberOptics was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $20.00 price target on the stock. According to Zacks, “CyberOptics Corporation is a leading provider of sensors and inspection systems that provide process yield and through-put improvement solutions for the global electronic assembly and semiconductor capital equipment markets. The Company’s products are deployed on production lines that manufacture surface mount technology circuit boards and semiconductor process equipment. By increasing productivity and product quality, our sensors and inspection systems enable electronics manufacturers to strengthen their competitive positions in highly price-sensitive markets. Headquartered in Minneapolis, Minnesota, they conduct worldwide operations through facilities in North America, Asia and Europe. “
  • 10/24/2018 – CyberOptics was upgraded by analysts at TheStreet from a “c+” rating to a “b” rating.

CYBE stock traded down $0.29 during mid-day trading on Thursday, reaching $20.41. 641 shares of the stock traded hands, compared to its average volume of 50,148. CyberOptics Co. has a one year low of $12.90 and a one year high of $22.30. The stock has a market capitalization of $146.61 million, a price-to-earnings ratio of 157.00, a price-to-earnings-growth ratio of 4.82 and a beta of -0.15.

CyberOptics (NASDAQ:CYBE) last posted its quarterly earnings data on Wednesday, October 24th. The scientific and technical instruments company reported $0.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.05. CyberOptics had a net margin of 3.57% and a return on equity of 3.27%. The business had revenue of $16.68 million for the quarter. Equities research analysts forecast that CyberOptics Co. will post 0.36 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its holdings in shares of CyberOptics by 6.6% in the first quarter. Dimensional Fund Advisors LP now owns 487,136 shares of the scientific and technical instruments company’s stock worth $8,768,000 after purchasing an additional 30,295 shares during the last quarter. Stephens Investment Management Group LLC grew its holdings in shares of CyberOptics by 17.9% in the second quarter. Stephens Investment Management Group LLC now owns 250,396 shares of the scientific and technical instruments company’s stock worth $4,432,000 after purchasing an additional 37,937 shares during the last quarter. Cadence Capital Management LLC bought a new position in shares of CyberOptics in the third quarter worth about $2,414,000. Essex Investment Management Co. LLC grew its holdings in shares of CyberOptics by 4.3% in the third quarter. Essex Investment Management Co. LLC now owns 111,224 shares of the scientific and technical instruments company’s stock worth $2,247,000 after purchasing an additional 4,572 shares during the last quarter. Finally, Perkins Capital Management Inc. lifted its stake in CyberOptics by 25.1% in the third quarter. Perkins Capital Management Inc. now owns 94,250 shares of the scientific and technical instruments company’s stock worth $1,904,000 after acquiring an additional 18,900 shares during the period. Hedge funds and other institutional investors own 60.87% of the company’s stock.

CyberOptics Corporation develops and manufactures high precision sensing technology solutions worldwide. Its sensors are being used in surface mount technology (SMT), semiconductor, and metrology markets to improve yields and productivity. The company offers multi-reflection suppression sensors for application in the SMT, semiconductor, and metrology markets; and strobe inspection modules for use in 2D automated optical inspection (AOI) systems.

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