Shares of CyberOptics Corporation (NASDAQ:CYBE) have been given a consensus recommendation of “Hold” by the six research firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $31.67.

Several equities analysts recently issued reports on CYBE shares. Dougherty & Co decreased their price objective on CyberOptics Corporation from $55.00 to $35.00 and set a “buy” rating for the company in a research report on Friday, July 28th. ValuEngine lowered CyberOptics Corporation from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Craig Hallum set a $25.00 price objective on CyberOptics Corporation and gave the company a “buy” rating in a research report on Wednesday, August 23rd. Finally, Zacks Investment Research upgraded CyberOptics Corporation from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 7th.

CyberOptics Corporation (NASDAQ CYBE) traded up 3.56% during mid-day trading on Friday, hitting $16.00. 103,140 shares of the company traded hands. CyberOptics Corporation has a one year low of $13.75 and a one year high of $41.18. The company’s 50-day moving average price is $15.35 and its 200 day moving average price is $21.48. The company has a market capitalization of $111.54 million, a price-to-earnings ratio of 14.05 and a beta of -0.31.

CyberOptics Corporation (NASDAQ:CYBE) last issued its quarterly earnings data on Thursday, July 27th. The scientific and technical instruments company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.02). CyberOptics Corporation had a net margin of 14.32% and a return on equity of 5.94%. The business had revenue of $16.41 million during the quarter, compared to analyst estimates of $16.02 million. On average, analysts anticipate that CyberOptics Corporation will post $0.37 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the business. Globeflex Capital L P boosted its position in CyberOptics Corporation by 17,857.1% during the 1st quarter. Globeflex Capital L P now owns 5,028 shares of the scientific and technical instruments company’s stock worth $130,000 after acquiring an additional 5,000 shares during the last quarter. SG Americas Securities LLC acquired a new position in CyberOptics Corporation during the 1st quarter worth approximately $141,000. FNY Partners Fund LP boosted its position in CyberOptics Corporation by 96.5% during the 1st quarter. FNY Partners Fund LP now owns 5,867 shares of the scientific and technical instruments company’s stock worth $152,000 after acquiring an additional 2,882 shares during the last quarter. New York State Common Retirement Fund acquired a new position in CyberOptics Corporation during the 2nd quarter worth approximately $151,000. Finally, Bank of Montreal Can boosted its position in CyberOptics Corporation by 20.4% during the 1st quarter. Bank of Montreal Can now owns 7,656 shares of the scientific and technical instruments company’s stock worth $198,000 after acquiring an additional 1,298 shares during the last quarter. 60.86% of the stock is owned by hedge funds and other institutional investors.

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About CyberOptics Corporation

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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