CyberOptics Co. (NASDAQ:CYBE) has received an average rating of “Hold” from the six research firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $18.67.
Separately, Zacks Investment Research raised shares of CyberOptics from a “strong sell” rating to a “hold” rating in a report on Monday, March 5th.
Large investors have recently modified their holdings of the company. Penbrook Management LLC acquired a new position in CyberOptics during the fourth quarter worth approximately $1,419,000. White Pine Capital LLC increased its holdings in shares of CyberOptics by 23.5% in the 4th quarter. White Pine Capital LLC now owns 45,725 shares of the scientific and technical instruments company’s stock worth $686,000 after acquiring an additional 8,700 shares during the period. Unterberg Capital LLC acquired a new stake in shares of CyberOptics in the 4th quarter worth about $1,350,000. Royce & Associates LP increased its holdings in shares of CyberOptics by 71.5% in the 4th quarter. Royce & Associates LP now owns 672,728 shares of the scientific and technical instruments company’s stock worth $10,091,000 after acquiring an additional 280,428 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of CyberOptics by 8.1% in the 4th quarter. Bank of New York Mellon Corp now owns 56,183 shares of the scientific and technical instruments company’s stock worth $842,000 after acquiring an additional 4,224 shares during the period. 66.06% of the stock is currently owned by institutional investors and hedge funds.
Shares of CyberOptics (NASDAQ CYBE) traded up $0.40 during trading hours on Thursday, hitting $19.05. 49,988 shares of the stock traded hands, compared to its average volume of 80,281. The stock has a market capitalization of $133.06, a P/E ratio of 158.75, a price-to-earnings-growth ratio of 2.54 and a beta of -0.36. CyberOptics has a 1-year low of $11.35 and a 1-year high of $26.70.
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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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