Spark Investment Management LLC reduced its position in shares of CyberOptics Corporation (NASDAQ:CYBE) by 68.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 10,000 shares of the scientific and technical instruments company’s stock after selling 21,400 shares during the period. Spark Investment Management LLC owned about 0.14% of CyberOptics Corporation worth $259,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CYBE. Renaissance Technologies LLC boosted its position in CyberOptics Corporation by 11.1% in the fourth quarter. Renaissance Technologies LLC now owns 461,100 shares of the scientific and technical instruments company’s stock worth $12,035,000 after buying an additional 45,900 shares during the last quarter. Royce & Associates LP bought a new position in CyberOptics Corporation during the fourth quarter worth $4,150,000. State of Wisconsin Investment Board bought a new position in CyberOptics Corporation during the first quarter worth $2,906,000. Oxford Asset Management bought a new position in CyberOptics Corporation during the fourth quarter worth $2,377,000. Finally, Bogle Investment Management L P DE bought a new position in CyberOptics Corporation during the fourth quarter worth $1,359,000. Hedge funds and other institutional investors own 51.33% of the company’s stock.
CyberOptics Corporation (NASDAQ:CYBE) traded up 1.14% during mid-day trading on Friday, hitting $22.10. 67,003 shares of the stock traded hands. The stock has a market cap of $153.44 million, a price-to-earnings ratio of 17.17 and a beta of -0.43. The company’s 50 day moving average price is $21.83 and its 200-day moving average price is $27.54. CyberOptics Corporation has a 1-year low of $13.28 and a 1-year high of $41.18.
CyberOptics Corporation (NASDAQ:CYBE) last posted its quarterly earnings data on Friday, April 28th. The scientific and technical instruments company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by $0.02. The business had revenue of $11.92 million during the quarter, compared to analysts’ expectations of $11.67 million. CyberOptics Corporation had a return on equity of 8.31% and a net margin of 15.39%. Analysts predict that CyberOptics Corporation will post $0.73 earnings per share for the current year.
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Several analysts have recently issued reports on the stock. Lake Street Capital boosted their price target on shares of CyberOptics Corporation from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, March 1st. Zacks Investment Research raised shares of CyberOptics Corporation from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 7th. TheStreet lowered shares of CyberOptics Corporation from a “b” rating to a “c+” rating in a research report on Wednesday, April 26th. Finally, Craig Hallum assumed coverage on shares of CyberOptics Corporation in a research report on Friday, April 7th. They issued a “buy” rating and a $35.00 price target on the stock. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $41.67.
In related news, Director Michael M. Selzer sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, March 20th. The shares were sold at an average price of $26.34, for a total value of $118,530.00. Following the transaction, the director now owns 18,275 shares of the company’s stock, valued at $481,363.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Alex B. Cimochowski sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 29th. The stock was sold at an average price of $25.68, for a total transaction of $51,360.00. Following the completion of the transaction, the director now directly owns 13,515 shares in the company, valued at approximately $347,065.20. The disclosure for this sale can be found here. Company insiders own 4.80% of the company’s stock.
CyberOptics Corporation Company Profile
Cyberoptics Corporation is a developer and manufacturer of sensing technology solutions. The Company’s products and services are used in the surface mount technology (SMT), semiconductor and three dimensional (3D) scanning solutions and services markets. Its products are sold into the electronics assembly, dynamic random access memory (DRAM) and flash memory, and semiconductor fabrication capital equipment markets.
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