A number of other research firms have also commented on CYBE. Zacks Investment Research raised CyberOptics from a hold rating to a buy rating and set a $20.00 price objective on the stock in a research note on Thursday, October 25th. Craig Hallum upped their price target on CyberOptics from $20.00 to $25.00 and gave the company a buy rating in a research note on Thursday, July 26th. Lake Street Capital upped their price target on CyberOptics from $19.00 to $21.00 and gave the company a buy rating in a research note on Thursday, July 26th. Finally, ValuEngine raised CyberOptics from a hold rating to a buy rating in a research note on Saturday, August 18th. Four equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of Buy and an average target price of $23.00.
Shares of CYBE traded up $0.18 on Wednesday, reaching $20.53. 25,666 shares of the stock traded hands, compared to its average volume of 49,848. CyberOptics has a 12 month low of $12.90 and a 12 month high of $22.30. The stock has a market cap of $146.52 million, a PE ratio of 157.92, a P/E/G ratio of 4.79 and a beta of -0.15.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Paloma Partners Management Co bought a new stake in CyberOptics in the second quarter valued at about $581,000. LMR Partners LLP bought a new stake in shares of CyberOptics in the second quarter worth about $367,000. Essex Investment Management Co. LLC increased its holdings in shares of CyberOptics by 4.3% in the third quarter. Essex Investment Management Co. LLC now owns 111,224 shares of the scientific and technical instruments company’s stock worth $2,247,000 after acquiring an additional 4,572 shares in the last quarter. Millennium Management LLC bought a new stake in shares of CyberOptics in the second quarter worth about $1,559,000. Finally, Cadence Capital Management LLC bought a new stake in shares of CyberOptics in the third quarter worth about $2,414,000. Institutional investors and hedge funds own 60.87% of the company’s stock.
CyberOptics Company Profile
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.
Further Reading: What are Closed-End Mutual Funds?
Receive News & Ratings for CyberOptics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CyberOptics and related companies with MarketBeat.com's FREE daily email newsletter.