CyberOptics Co. (CYBE) Stake Decreased by BlackRock Inc.

BlackRock Inc. cut its position in shares of CyberOptics Co. (NASDAQ:CYBE) by 58.5% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 205,092 shares of the scientific and technical instruments company’s stock after selling 289,583 shares during the quarter. BlackRock Inc.’s holdings in CyberOptics were worth $3,569,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its position in shares of CyberOptics by 347.0% during the first quarter. The Manufacturers Life Insurance Company now owns 6,017 shares of the scientific and technical instruments company’s stock worth $109,000 after buying an additional 4,671 shares during the period. Spark Investment Management LLC acquired a new stake in shares of CyberOptics during the second quarter worth $217,000. Wells Fargo & Company MN increased its position in shares of CyberOptics by 38.1% during the first quarter. Wells Fargo & Company MN now owns 12,302 shares of the scientific and technical instruments company’s stock worth $221,000 after buying an additional 3,393 shares during the period. LMR Partners LLP acquired a new stake in shares of CyberOptics during the second quarter worth $367,000. Finally, Perkins Capital Management Inc. increased its position in shares of CyberOptics by 103.9% during the second quarter. Perkins Capital Management Inc. now owns 75,350 shares of the scientific and technical instruments company’s stock worth $1,311,000 after buying an additional 38,400 shares during the period. Institutional investors own 60.87% of the company’s stock.

CYBE has been the subject of several recent analyst reports. TheStreet upgraded shares of CyberOptics from a “c+” rating to a “b” rating in a research report on Wednesday, October 24th. Zacks Investment Research upgraded shares of CyberOptics from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Tuesday, November 6th. Craig Hallum increased their target price on shares of CyberOptics from $20.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, July 26th. Lake Street Capital increased their target price on shares of CyberOptics from $19.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday, July 26th. Finally, ValuEngine raised shares of CyberOptics from a “hold” rating to a “buy” rating in a research note on Saturday, August 18th. Four investment analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus target price of $23.00.

Shares of NASDAQ CYBE opened at $20.53 on Friday. The firm has a market cap of $146.52 million, a P/E ratio of 157.92, a P/E/G ratio of 4.79 and a beta of -0.15. CyberOptics Co. has a 12-month low of $12.90 and a 12-month high of $22.30.

CyberOptics (NASDAQ:CYBE) last issued its earnings results on Wednesday, October 24th. The scientific and technical instruments company reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.05. The business had revenue of $16.68 million for the quarter. CyberOptics had a net margin of 3.57% and a return on equity of 3.24%. On average, analysts predict that CyberOptics Co. will post 0.36 EPS for the current year.

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CyberOptics Company Profile

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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Institutional Ownership by Quarter for CyberOptics (NASDAQ:CYBE)

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