Zacks Investment Research Downgrades CyberOptics (NASDAQ:CYBE) to Hold

CyberOptics (NASDAQ:CYBE) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Wednesday, Zacks.com reports.

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. “

Separately, Colliers Securities reiterated a “buy” rating and set a $36.00 target price on shares of CyberOptics in a research report on Monday, March 8th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. CyberOptics has an average rating of “Buy” and a consensus price target of $34.75.

Shares of NASDAQ CYBE traded up $0.87 during midday trading on Wednesday, hitting $28.87. 48,488 shares of the company’s stock were exchanged, compared to its average volume of 85,029. CyberOptics has a 12 month low of $20.12 and a 12 month high of $43.48. The company’s 50 day moving average price is $26.30 and its 200 day moving average price is $27.04. The firm has a market capitalization of $210.72 million, a PE ratio of 48.93, a price-to-earnings-growth ratio of 2.66 and a beta of 1.28.

CyberOptics (NASDAQ:CYBE) last issued its earnings results on Wednesday, February 17th. The scientific and technical instruments company reported $0.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.12. The company had revenue of $16.87 million during the quarter. CyberOptics had a return on equity of 7.35% and a net margin of 6.34%. As a group, equities analysts forecast that CyberOptics will post 0.67 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. Penbrook Management LLC grew its position in shares of CyberOptics by 42.6% in the 1st quarter. Penbrook Management LLC now owns 78,425 shares of the scientific and technical instruments company’s stock valued at $1,342,000 after buying an additional 23,435 shares during the last quarter. Epiq Partners LLC grew its position in shares of CyberOptics by 4.1% in the 1st quarter. Epiq Partners LLC now owns 113,178 shares of the scientific and technical instruments company’s stock valued at $2,939,000 after buying an additional 4,435 shares during the last quarter. Susquehanna International Group LLP bought a new stake in shares of CyberOptics in the 4th quarter valued at about $262,000. JPMorgan Chase & Co. grew its position in shares of CyberOptics by 733.5% in the 4th quarter. JPMorgan Chase & Co. now owns 23,604 shares of the scientific and technical instruments company’s stock valued at $535,000 after buying an additional 20,772 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in shares of CyberOptics by 32.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,706 shares of the scientific and technical instruments company’s stock valued at $266,000 after buying an additional 2,900 shares during the last quarter. 54.34% of the stock is owned by institutional investors.

About CyberOptics

CyberOptics Corporation designs, develops, and manufactures high precision sensing technology solutions and system products worldwide. Its products are used in surface mount technology (SMT) and semiconductor industries to improve yields and productivity. The company offers products based on multi-reflection suppression (MRS) technology, including multi-function inspection and measurement machines, and memory module inspection system; high precision 3D and 2D sensors for inspection and metrology; and 3D MRS sensors that are used various applications, such as printed circuit boards, CPU sockets, solder balls and bumps, wafer bumps, copper pillars, and other wafer level and advanced packaging.

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