Zacks Investment Research upgraded shares of CyberOptics (NASDAQ:CYBE) from a hold rating to a strong-buy rating in a research report report published on Wednesday morning, Zacks.com reports. Zacks Investment Research currently has $21.00 price objective on the scientific and technical instruments company’s 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. “
Other equities research analysts have also recently issued reports about the company. Lake Street Capital raised their price target on CyberOptics from $18.00 to $20.00 and gave the company a buy rating in a report on Thursday, October 24th. ValuEngine cut CyberOptics from a buy rating to a hold rating in a report on Monday, November 4th.
CYBE traded up $0.42 during trading on Wednesday, hitting $18.47. 23,800 shares of the company’s stock traded hands, compared to its average volume of 35,638. The company has a current ratio of 4.46, a quick ratio of 2.96 and a debt-to-equity ratio of 0.06. The company’s 50 day simple moving average is $15.64 and its two-hundred day simple moving average is $15.16. The stock has a market capitalization of $131.36 million, a price-to-earnings ratio of 47.36, a PEG ratio of 17.04 and a beta of 0.18. CyberOptics has a 12-month low of $11.55 and a 12-month high of $22.61.
CyberOptics (NASDAQ:CYBE) last posted its quarterly earnings results on Wednesday, October 23rd. The scientific and technical instruments company reported ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.01). The business had revenue of $12.39 million for the quarter. CyberOptics had a net margin of 2.97% and a return on equity of 3.15%. On average, equities analysts expect that CyberOptics will post 0.09 EPS for the current year.
Several hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its holdings in shares of CyberOptics by 1.1% in the second quarter. BlackRock Inc. now owns 208,736 shares of the scientific and technical instruments company’s stock worth $3,388,000 after purchasing an additional 2,295 shares during the last quarter. River & Mercantile Asset Management LLP bought a new stake in shares of CyberOptics in the second quarter worth about $1,914,000. Marshall Wace LLP increased its holdings in shares of CyberOptics by 193.7% in the second quarter. Marshall Wace LLP now owns 48,457 shares of the scientific and technical instruments company’s stock worth $786,000 after purchasing an additional 31,956 shares during the last quarter. California Public Employees Retirement System increased its holdings in shares of CyberOptics by 6.0% in the third quarter. California Public Employees Retirement System now owns 30,200 shares of the scientific and technical instruments company’s stock worth $432,000 after purchasing an additional 1,700 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan bought a new stake in shares of CyberOptics in the second quarter worth about $388,000. 55.48% of the stock is currently owned by hedge funds and other institutional investors.
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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