CyberOptics Corporation (CYBE) PT Lowered to $15.00

CyberOptics Corporation (NASDAQ:CYBE) had its price target reduced by Lake Street Capital from $27.00 to $15.00 in a research report report published on Tuesday morning, MarketBeat reports. Lake Street Capital currently has a buy rating on the scientific and technical instruments company’s stock.

A number of other analysts have also recently issued reports on the company. ValuEngine cut CyberOptics Corporation from a hold rating to a sell rating in a report on Friday, July 28th. Dougherty & Co dropped their price objective on CyberOptics Corporation from $55.00 to $35.00 and set a buy rating on the stock in a report on Friday, July 28th. Finally, Craig Hallum set a $25.00 price objective on CyberOptics Corporation and gave the stock a buy rating in a report on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $18.67.

CyberOptics Corporation (NASDAQ CYBE) traded down 0.42% during midday trading on Tuesday, hitting $11.90. The stock had a trading volume of 129,759 shares. The stock has a market cap of $82.95 million, a P/E ratio of 10.45 and a beta of -0.33. CyberOptics Corporation has a 52 week low of $11.35 and a 52 week high of $41.18. The company has a 50-day moving average price of $14.88 and a 200-day moving average price of $20.19.

CyberOptics Corporation (NASDAQ:CYBE) last issued its quarterly earnings data on Thursday, July 27th. The scientific and technical instruments company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). The company had revenue of $16.41 million for the quarter, compared to analysts’ expectations of $16.02 million. CyberOptics Corporation had a return on equity of 5.94% and a net margin of 14.32%. Equities analysts expect that CyberOptics Corporation will post $0.02 EPS for the current year.

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CyberOptics Corporation announced that its board has authorized a stock repurchase plan on Monday, October 2nd that allows the company to repurchase $3.00 million in outstanding shares. This repurchase authorization allows the scientific and technical instruments company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Royce & Associates LP raised its holdings in shares of CyberOptics Corporation by 42.4% during the 2nd quarter. Royce & Associates LP now owns 386,600 shares of the scientific and technical instruments company’s stock valued at $7,983,000 after buying an additional 115,100 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of CyberOptics Corporation by 18.2% during the 2nd quarter. Vanguard Group Inc. now owns 321,386 shares of the scientific and technical instruments company’s stock valued at $6,637,000 after buying an additional 49,388 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of CyberOptics Corporation by 12.9% during the 2nd quarter. Royal Bank of Canada now owns 206,479 shares of the scientific and technical instruments company’s stock valued at $4,263,000 after buying an additional 23,653 shares in the last quarter. State of Wisconsin Investment Board raised its holdings in shares of CyberOptics Corporation by 10.1% during the 2nd quarter. State of Wisconsin Investment Board now owns 123,300 shares of the scientific and technical instruments company’s stock valued at $2,546,000 after buying an additional 11,300 shares in the last quarter. Finally, Bogle Investment Management L P DE raised its holdings in shares of CyberOptics Corporation by 98.3% during the 1st quarter. Bogle Investment Management L P DE now owns 103,325 shares of the scientific and technical instruments company’s stock valued at $2,681,000 after buying an additional 51,227 shares in the last quarter. 60.86% of the stock is currently owned by institutional investors.

CyberOptics Corporation 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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