ValuEngine cut shares of CyberOptics Corporation (NASDAQ:CYBE) from a hold rating to a sell rating in a report released on Friday.

Several other brokerages also recently issued reports on CYBE. Craig Hallum began coverage on shares of CyberOptics Corporation in a report on Friday, April 7th. They issued a buy rating and a $35.00 price target on the stock. Dougherty & Co reduced their price target on shares of CyberOptics Corporation from $55.00 to $35.00 and set a buy rating on the stock in a report on Friday. Zacks Investment Research raised shares of CyberOptics Corporation from a strong sell rating to a hold rating in a report on Wednesday, June 7th. Finally, TheStreet downgraded shares of CyberOptics Corporation from a b rating to a c+ rating in a report on Wednesday, April 26th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. CyberOptics Corporation has a consensus rating of Hold and an average target price of $35.00.

Shares of CyberOptics Corporation (CYBE) opened at 16.50 on Friday. The firm has a 50-day moving average of $22.56 and a 200-day moving average of $26.42. The firm has a market cap of $114.56 million, a P/E ratio of 14.49 and a beta of -0.34. CyberOptics Corporation has a 12-month low of $15.55 and a 12-month high of $41.18.

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

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Hedge funds have recently made changes to their positions in the stock. Bogle Investment Management L P DE increased its stake in shares of CyberOptics Corporation by 98.3% in the first quarter. Bogle Investment Management L P DE now owns 103,325 shares of the scientific and technical instruments company’s stock valued at $2,681,000 after buying an additional 51,227 shares during the period. Segantii Capital Management Ltd increased its position in shares of CyberOptics Corporation by 565.1% in the first quarter. Segantii Capital Management Ltd now owns 9,312 shares of the scientific and technical instruments company’s stock valued at $242,000 after buying an additional 7,912 shares during the last quarter. Laurion Capital Management LP purchased a new position in shares of CyberOptics Corporation during the first quarter valued at about $615,000. Stephens Investment Management Group LLC increased its position in shares of CyberOptics Corporation by 17.2% in the first quarter. Stephens Investment Management Group LLC now owns 243,823 shares of the scientific and technical instruments company’s stock valued at $6,327,000 after buying an additional 35,823 shares during the last quarter. Finally, Royce & Associates LP increased its position in shares of CyberOptics Corporation by 70.8% in the first quarter. Royce & Associates LP now owns 271,500 shares of the scientific and technical instruments company’s stock valued at $7,045,000 after buying an additional 112,500 shares during the last quarter. 51.04% of the stock is currently owned by institutional investors.

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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