CyberOptics Corporation (NASDAQ:CYBE)‘s stock had its “buy” rating restated by Dougherty & Co in a research note issued on Tuesday. They currently have a $21.00 target price on the scientific and technical instruments company’s stock, down from their prior target price of $35.00. Dougherty & Co’s target price suggests a potential upside of 81.03% from the company’s previous close.

Several other research firms have also weighed in on CYBE. ValuEngine lowered shares of CyberOptics Corporation from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Craig Hallum set a $25.00 target price on shares of CyberOptics Corporation and gave the company a “buy” rating in a report on Wednesday, August 23rd. Finally, Lake Street Capital decreased their target price on shares of CyberOptics Corporation from $27.00 to $15.00 and set a “buy” rating on the stock in a report on Tuesday. One analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $18.67.

CyberOptics Corporation (NASDAQ CYBE) traded up 2.147% during mid-day trading on Tuesday, reaching $11.849. 74,863 shares of the company were exchanged. The company has a 50 day moving average of $15.04 and a 200-day moving average of $20.35. The company has a market capitalization of $81.86 million, a price-to-earnings ratio of 7.225 and a beta of -0.33. CyberOptics Corporation has a 1-year low of $11.35 and a 1-year high of $41.18.

CyberOptics Corporation (NASDAQ:CYBE) last posted its earnings results on Thursday, July 27th. The scientific and technical instruments company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.02). The firm had revenue of $16.41 million during the quarter, compared to analyst estimates of $16.02 million. CyberOptics Corporation had a net margin of 14.32% and a return on equity of 5.94%. On average, equities research analysts forecast that CyberOptics Corporation will post $0.02 EPS for the current year.

CyberOptics Corporation declared that its board has authorized a stock 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 purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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A number of large investors have recently bought and sold shares of the business. Globeflex Capital L P lifted its holdings in shares of CyberOptics Corporation by 17,857.1% in the 1st quarter. Globeflex Capital L P now owns 5,028 shares of the scientific and technical instruments company’s stock worth $130,000 after acquiring an additional 5,000 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of CyberOptics Corporation in the 1st quarter worth approximately $141,000. New York State Common Retirement Fund acquired a new position in shares of CyberOptics Corporation in the 2nd quarter worth approximately $151,000. FNY Partners Fund LP lifted its holdings in shares of CyberOptics Corporation by 96.5% in the 1st quarter. FNY Partners Fund LP now owns 5,867 shares of the scientific and technical instruments company’s stock worth $152,000 after acquiring an additional 2,882 shares during the last quarter. Finally, Teachers Advisors LLC acquired a new position in shares of CyberOptics Corporation in the 2nd quarter worth approximately $247,000. Institutional investors own 60.86% of the company’s stock.

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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