CyberOptics (NASDAQ:CYBE) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Tuesday.

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 analysts also recently issued reports about the stock. Dougherty & Co reaffirmed a “buy” rating and set a $21.00 target price (down from $35.00) on shares of CyberOptics in a research note on Tuesday, October 3rd. Craig Hallum reaffirmed a “buy” rating and set a $20.00 target price (down from $25.00) on shares of CyberOptics in a research note on Tuesday, October 3rd. They noted that the move was a valuation call. Finally, Lake Street Capital reduced their target price on shares of CyberOptics from $27.00 to $15.00 and set a “buy” rating on the stock in a research note on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. CyberOptics has an average rating of “Hold” and a consensus target price of $18.67.

CyberOptics (CYBE) traded down $0.25 on Tuesday, reaching $15.50. 85,200 shares of the company were exchanged, compared to its average volume of 146,340. The firm has a market capitalization of $108.05, a price-to-earnings ratio of 71.59, a PEG ratio of 18.00 and a beta of -0.31. CyberOptics has a 52-week low of $11.35 and a 52-week high of $41.18.

CyberOptics (NASDAQ:CYBE) last posted its quarterly earnings results on Tuesday, October 24th. The scientific and technical instruments company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. The firm had revenue of $11.83 million for the quarter. CyberOptics had a net margin of 12.86% and a return on equity of 3.21%. analysts forecast that CyberOptics will post 0.04 EPS for the current fiscal year.

CyberOptics announced that its board has initiated a share repurchase plan on Monday, October 2nd that authorizes the company to repurchase $3.00 million in outstanding shares. This repurchase authorization authorizes the scientific and technical instruments company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Several institutional investors have recently added to or reduced their stakes in CYBE. Heartland Advisors Inc. raised its stake in shares of CyberOptics by 150.0% in the 3rd quarter. Heartland Advisors Inc. now owns 250,000 shares of the scientific and technical instruments company’s stock valued at $4,063,000 after acquiring an additional 150,000 shares during the period. Royce & Associates LP grew its holdings in shares of CyberOptics by 42.4% in the second quarter. Royce & Associates LP now owns 386,600 shares of the scientific and technical instruments company’s stock valued at $7,983,000 after purchasing an additional 115,100 shares in the last quarter. State Street Corp acquired a new position in shares of CyberOptics in the second quarter valued at approximately $1,645,000. Punch & Associates Investment Management Inc. acquired a new position in shares of CyberOptics in the second quarter valued at approximately $1,536,000. Finally, Northern Trust Corp grew its holdings in shares of CyberOptics by 269.0% in the second quarter. Northern Trust Corp now owns 86,560 shares of the scientific and technical instruments company’s stock valued at $1,788,000 after purchasing an additional 63,101 shares in the last quarter. 62.12% of the stock is currently owned by institutional investors and hedge funds.

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CyberOptics 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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