Susquehanna International Group LLP Has $499,000 Position in CyberOptics Corporation (CYBE)
Susquehanna International Group LLP cut its stake in shares of CyberOptics Corporation (NASDAQ:CYBE) by 4.3% during the third quarter, Holdings Channel reports. The fund owned 20,321 shares of the company’s stock after selling 907 shares during the period. Susquehanna International Group LLP owned 0.30% of CyberOptics Corporation worth $499,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in CYBE. Stephens Investment Management Group LLC bought a new stake in shares of CyberOptics Corporation during the third quarter valued at approximately $2,866,000. Spark Investment Management LLC boosted its stake in shares of CyberOptics Corporation by 65.3% in the third quarter. Spark Investment Management LLC now owns 31,400 shares of the company’s stock valued at $771,000 after buying an additional 12,400 shares during the last quarter. Northern Trust Corp boosted its stake in shares of CyberOptics Corporation by 1.3% in the third quarter. Northern Trust Corp now owns 22,379 shares of the company’s stock valued at $550,000 after buying an additional 291 shares during the last quarter. Emerald Acquisition Ltd. bought a new stake in shares of CyberOptics Corporation during the third quarter valued at approximately $868,000. Finally, Granite Point Capital Management L.P. bought a new stake in shares of CyberOptics Corporation during the third quarter valued at approximately $246,000. Institutional investors and hedge funds own 41.71% of the company’s stock.
Shares of CyberOptics Corporation (NASDAQ:CYBE) traded up 3.67% during mid-day trading on Friday, reaching $33.90. The company had a trading volume of 96,436 shares. The stock has a 50 day moving average price of $27.38 and a 200 day moving average price of $22.37. CyberOptics Corporation has a 12-month low of $7.57 and a 12-month high of $34.60. The firm has a market capitalization of $233.30 million, a PE ratio of 43.07 and a beta of -0.22.
CyberOptics Corporation (NASDAQ:CYBE) last announced its quarterly earnings results on Tuesday, October 25th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.19. CyberOptics Corporation had a return on equity of 13.65% and a net margin of 8.48%. The company earned $15 million during the quarter, compared to analyst estimates of $65.42 million. On average, equities analysts forecast that CyberOptics Corporation will post $0.86 earnings per share for the current year.
Several analysts recently commented on the company. Dougherty & Co upped their target price on CyberOptics Corporation from $40.00 to $45.00 and gave the company a “buy” rating in a report on Monday, December 19th. Zacks Investment Research cut CyberOptics Corporation from a “hold” rating to a “sell” rating in a report on Monday, October 31st. Finally, Lake Street Capital upped their target price on CyberOptics Corporation from $26.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, October 26th.
About CyberOptics Corporation
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 and flash memory, and semiconductor fabrication capital equipment markets.
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