CyberOptics Corporation (NASDAQ:CYBE) had its price target decreased by Dougherty & Co from $55.00 to $35.00 in a research report sent to investors on Friday, Marketbeat.com reports. Dougherty & Co currently has a buy rating on the scientific and technical instruments company’s stock.

Other equities analysts have also recently issued research reports about the company. Craig Hallum initiated coverage on CyberOptics Corporation in a report on Friday, April 7th. They set a buy rating and a $35.00 price target for the company. TheStreet cut CyberOptics Corporation from a b rating to a c+ rating in a report on Wednesday, April 26th. Finally, Zacks Investment Research raised CyberOptics Corporation from a strong sell rating to a hold rating in a report on Wednesday, June 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $35.00.

Shares of CyberOptics Corporation (NASDAQ CYBE) traded up 0.30% during mid-day trading on Friday, hitting $16.55. The stock had a trading volume of 74,619 shares. CyberOptics Corporation has a 1-year low of $15.55 and a 1-year high of $41.18. The stock’s 50-day moving average price is $22.56 and its 200 day moving average price is $26.42. The company has a market capitalization of $114.91 million, a P/E ratio of 14.53 and a beta of -0.34.

CyberOptics Corporation (NASDAQ:CYBE) last posted its quarterly earnings results on Thursday, July 27th. The scientific and technical instruments company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by $0.02. CyberOptics Corporation had a return on equity of 6.06% and a net margin of 14.32%. The business had revenue of $16.41 million for the quarter, compared to analyst estimates of $16.02 million. On average, analysts predict that CyberOptics Corporation will post $0.73 EPS for the current fiscal year.

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Institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. purchased a new position in shares of CyberOptics Corporation during the fourth quarter worth about $918,000. Highbridge Capital Management LLC purchased a new position in shares of CyberOptics Corporation during the fourth quarter worth about $328,000. Bank of Montreal Can boosted its position in shares of CyberOptics Corporation by 20.4% in the first quarter. Bank of Montreal Can now owns 7,656 shares of the scientific and technical instruments company’s stock worth $198,000 after buying an additional 1,298 shares during the last quarter. Navellier & Associates Inc purchased a new position in shares of CyberOptics Corporation during the first quarter worth about $381,000. Finally, Bank of New York Mellon Corp boosted its position in shares of CyberOptics Corporation by 7.5% in the first quarter. Bank of New York Mellon Corp now owns 31,784 shares of the scientific and technical instruments company’s stock worth $824,000 after buying an additional 2,215 shares during the last quarter. 51.04% of the stock is owned by institutional investors and hedge funds.

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 (DRAM) and flash memory, and semiconductor fabrication capital equipment markets.

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