Zacks Investment Research upgraded shares of CyberOptics (NASDAQ:CYBE) from a hold rating to a strong-buy rating in a report issued on Wednesday morning, Zacks.com reports. They currently have $21.00 target price on the scientific and technical instruments company’s stock.

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. “

CYBE has been the topic of a number of other reports. ValuEngine lowered shares of CyberOptics from a buy rating to a hold rating in a report on Monday, November 4th. Lake Street Capital boosted their price objective on shares of CyberOptics from $18.00 to $20.00 and gave the company a buy rating in a report on Thursday, October 24th.

Shares of CyberOptics stock traded up $0.42 on Wednesday, hitting $18.47. 23,800 shares of the company traded hands, compared to its average volume of 35,638. The company has a market cap of $131.36 million, a PE ratio of 47.36, a PEG ratio of 17.04 and a beta of 0.18. The company has a current ratio of 4.46, a quick ratio of 2.96 and a debt-to-equity ratio of 0.06. CyberOptics has a 52 week low of $11.55 and a 52 week high of $22.61. The stock’s 50 day moving average price is $15.64 and its 200-day moving average price is $15.16.

CyberOptics (NASDAQ:CYBE) last announced its quarterly earnings data on Wednesday, October 23rd. The scientific and technical instruments company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.01). The company had revenue of $12.39 million for the quarter. CyberOptics had a net margin of 2.97% and a return on equity of 3.15%. As a group, research analysts anticipate that CyberOptics will post 0.09 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of CYBE. Marshall Wace LLP purchased a new stake in CyberOptics in the first quarter valued at $282,000. Marshall Wace North America L.P. purchased a new stake in CyberOptics in the first quarter valued at $74,000. Municipal Employees Retirement System of Michigan purchased a new stake in CyberOptics in the second quarter valued at $388,000. Acadian Asset Management LLC boosted its holdings in CyberOptics by 727.4% in the second quarter. Acadian Asset Management LLC now owns 9,556 shares of the scientific and technical instruments company’s stock valued at $156,000 after purchasing an additional 8,401 shares during the last quarter. Finally, BlackRock Inc. boosted its holdings in CyberOptics by 1.1% in the second quarter. BlackRock Inc. now owns 208,736 shares of the scientific and technical instruments company’s stock valued at $3,388,000 after purchasing an additional 2,295 shares during the last quarter. 55.48% of the stock is currently owned by institutional investors.

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.

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