CyberOptics Corporation (NASDAQ:CYBE) shares hit a new 52-week high during trading on Wednesday after Dougherty & Co raised their price target on the stock from $45.00 to $55.00. Dougherty & Co currently has a buy rating on the stock. CyberOptics Corporation traded as high as $38.30 and last traded at $38.80, with a volume of 283,845 shares traded. The stock had previously closed at $33.65.
CYBE has been the topic of a number of other research reports. Zacks Investment Research cut CyberOptics Corporation from a “hold” rating to a “sell” rating in a research note on Monday, October 31st. Lake Street Capital boosted their price objective on CyberOptics Corporation from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, October 26th.
Hedge funds have recently made changes to their positions in the company. Blue Clay Capital Management LLC acquired a new stake in shares of CyberOptics Corporation during the third quarter worth about $520,000. Stephens Investment Management Group LLC acquired a new stake in shares of CyberOptics Corporation during the third quarter worth about $2,866,000. Spark Investment Management LLC raised its stake in shares of CyberOptics Corporation by 65.3% in the third quarter. Spark Investment Management LLC now owns 31,400 shares of the company’s stock worth $771,000 after buying an additional 12,400 shares during the last quarter. Northern Trust Corp raised its stake in shares of CyberOptics Corporation by 1.3% in the third quarter. Northern Trust Corp now owns 22,379 shares of the company’s stock worth $550,000 after buying an additional 291 shares during the last quarter. Finally, Emerald Acquisition Ltd. acquired a new stake in shares of CyberOptics Corporation during the third quarter worth about $868,000. 41.71% of the stock is currently owned by institutional investors and hedge funds.
The stock has a 50 day moving average price of $28.33 and a 200 day moving average price of $23.45. The firm has a market cap of $268.05 million, a price-to-earnings ratio of 49.49 and a beta of -0.22.
CyberOptics Corporation (NASDAQ:CYBE) last posted its quarterly earnings results on Tuesday, October 25th. The company reported $0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.19. CyberOptics Corporation had a net margin of 8.48% and a return on equity of 13.65%. The business had revenue of $15 million for the quarter, compared to the consensus estimate of $65.42 million. On average, equities research analysts predict that CyberOptics Corporation will post $0.86 EPS for the current year.
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 and flash memory, and semiconductor fabrication capital equipment markets.