Shares of CyberOptics Corporation (NASDAQ:CYBE) have been assigned an average rating of “Hold” from the six analysts that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $18.67.

A number of research firms recently commented on CYBE. Zacks Investment Research upgraded CyberOptics from a “strong sell” rating to a “hold” rating in a report on Tuesday. Lake Street Capital decreased their price objective on CyberOptics from $27.00 to $15.00 and set a “buy” rating on the stock in a report on Tuesday, October 3rd. Dougherty & Co reiterated a “buy” rating and issued a $21.00 price objective (down from $35.00) on shares of CyberOptics in a report on Tuesday, October 3rd. Finally, Craig Hallum reissued a “buy” rating and issued a $20.00 target price (down previously from $25.00) on shares of CyberOptics in a research report on Tuesday, October 3rd. They noted that the move was a valuation call.

CyberOptics (NASDAQ CYBE) traded up $0.10 on Tuesday, reaching $15.30. The company had a trading volume of 53,900 shares, compared to its average volume of 145,280. CyberOptics has a 12-month low of $11.35 and a 12-month high of $41.18. The firm has a market capitalization of $107.36, a PE ratio of 69.09, a PEG ratio of 17.37 and a beta of -0.31.

CyberOptics (NASDAQ:CYBE) last released its quarterly earnings data on Tuesday, October 24th. The scientific and technical instruments company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. CyberOptics had a return on equity of 3.21% and a net margin of 12.86%. The firm had revenue of $11.83 million for the quarter. equities research analysts expect that CyberOptics will post 0.04 EPS for the current year.

CyberOptics announced that its Board of Directors has initiated a share repurchase plan on Monday, October 2nd that permits the company to repurchase $3.00 million in outstanding shares. This repurchase authorization permits the scientific and technical instruments company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. PDT Partners LLC raised its position in CyberOptics by 2.1% in the second quarter. PDT Partners LLC now owns 37,839 shares of the scientific and technical instruments company’s stock valued at $781,000 after purchasing an additional 785 shares during the period. New Jersey Better Educational Savings Trust raised its position in CyberOptics by 25.0% in the third quarter. New Jersey Better Educational Savings Trust now owns 20,000 shares of the scientific and technical instruments company’s stock valued at $325,000 after purchasing an additional 4,000 shares during the period. White Pine Capital LLC raised its position in CyberOptics by 19.7% in the second quarter. White Pine Capital LLC now owns 31,325 shares of the scientific and technical instruments company’s stock valued at $647,000 after purchasing an additional 5,150 shares during the period. Royce & Associates LP raised its position in CyberOptics by 1.5% in the third quarter. Royce & Associates LP now owns 392,300 shares of the scientific and technical instruments company’s stock valued at $6,375,000 after purchasing an additional 5,700 shares during the period. Finally, Geode Capital Management LLC raised its position in CyberOptics by 14.6% in the first quarter. Geode Capital Management LLC now owns 45,059 shares of the scientific and technical instruments company’s stock valued at $1,169,000 after purchasing an additional 5,727 shares during the period. 62.12% of the stock is currently owned by institutional investors.

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About CyberOptics

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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