CyberOptics (NASDAQ:CYBE) Shares Up 6%

CyberOptics Co. (NASDAQ:CYBE) shares shot up 6% on Thursday . The stock traded as high as $33.79 and last traded at $33.75. 103,284 shares traded hands during trading, an increase of 3% from the average session volume of 99,896 shares. The stock had previously closed at $31.84.

Several brokerages have weighed in on CYBE. Craig Hallum upped their target price on shares of CyberOptics from $33.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Dougherty & Co lowered shares of CyberOptics from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 9th. Zacks Investment Research lowered shares of CyberOptics from a “buy” rating to a “hold” rating in a research report on Wednesday, September 23rd. BidaskClub lowered shares of CyberOptics from a “buy” rating to a “hold” rating in a research report on Thursday, August 20th. Finally, Colliers Secur. lowered shares of CyberOptics from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 9th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $36.00.

The company has a quick ratio of 2.18, a current ratio of 3.55 and a debt-to-equity ratio of 0.06. The firm has a market cap of $244.79 million, a PE ratio of 112.50, a P/E/G ratio of 3.78 and a beta of 1.24. The firm’s 50 day moving average is $32.63 and its 200-day moving average is $29.85.

CyberOptics (NASDAQ:CYBE) last posted its quarterly earnings results on Thursday, July 23rd. The scientific and technical instruments company reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.17. CyberOptics had a net margin of 3.72% and a return on equity of 3.89%. The company had revenue of $16.00 million for the quarter. On average, analysts forecast that CyberOptics Co. will post 0.68 earnings per share for the current year.

Several hedge funds have recently modified their holdings of CYBE. Marshall Wace LLP purchased a new position in shares of CyberOptics in the 1st quarter valued at $282,000. Marshall Wace North America L.P. acquired a new stake in CyberOptics during the 1st quarter valued at $74,000. Russell Investments Group Ltd. grew its holdings in CyberOptics by 1,564.7% during the 1st quarter. Russell Investments Group Ltd. now owns 51,607 shares of the scientific and technical instruments company’s stock valued at $881,000 after purchasing an additional 48,507 shares in the last quarter. EAM Investors LLC acquired a new stake in CyberOptics during the 1st quarter valued at $828,000. Finally, Geode Capital Management LLC grew its holdings in CyberOptics by 21.1% during the 1st quarter. Geode Capital Management LLC now owns 61,725 shares of the scientific and technical instruments company’s stock valued at $1,056,000 after purchasing an additional 10,773 shares in the last quarter. 58.00% of the stock is currently owned by institutional investors and hedge funds.

About CyberOptics (NASDAQ:CYBE)

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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