Heartland Advisors Inc. boosted its position in CyberOptics Corporation (NASDAQ:CYBE) by 150.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 250,000 shares of the scientific and technical instruments company’s stock after purchasing an additional 150,000 shares during the quarter. Heartland Advisors Inc. owned about 3.59% of CyberOptics Corporation worth $4,063,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of CYBE. SG Americas Securities LLC bought a new stake in CyberOptics Corporation in the 1st quarter valued at about $141,000. New York State Common Retirement Fund bought a new stake in CyberOptics Corporation in the 2nd quarter valued at about $151,000. Teachers Advisors LLC bought a new stake in CyberOptics Corporation in the 2nd quarter valued at about $247,000. Schwab Charles Investment Management Inc. bought a new stake in CyberOptics Corporation in the 2nd quarter valued at about $250,000. Finally, California State Teachers Retirement System bought a new stake in CyberOptics Corporation in the 2nd quarter valued at about $252,000. Hedge funds and other institutional investors own 60.56% of the company’s stock.
Several analysts recently weighed in on CYBE shares. ValuEngine downgraded shares of CyberOptics Corporation from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Dougherty & Co cut their price objective on shares of CyberOptics Corporation from $55.00 to $35.00 and set a “buy” rating on the stock in a research report on Friday, July 28th. Craig Hallum set a $25.00 price objective on shares of CyberOptics Corporation and gave the company a “buy” rating in a research report on Wednesday, August 23rd. Finally, Lake Street Capital cut their price objective on shares of CyberOptics Corporation from $27.00 to $15.00 and set a “buy” rating on the stock in a research report on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $18.67.
CyberOptics Corporation (NASDAQ:CYBE) opened at 14.40 on Wednesday. CyberOptics Corporation has a 1-year low of $11.35 and a 1-year high of $41.18. The firm has a market cap of $100.38 million, a PE ratio of 12.64 and a beta of -0.33. The firm’s 50-day moving average is $14.02 and its 200 day moving average is $18.71.
CyberOptics Corporation (NASDAQ:CYBE) last issued its quarterly earnings results on Tuesday, October 24th. The scientific and technical instruments company reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.03. The business had revenue of $11.83 million for the quarter. CyberOptics Corporation had a net margin of 12.86% and a return on equity of 3.24%. On average, equities analysts forecast that CyberOptics Corporation will post $0.04 earnings per share for the current fiscal year.
CyberOptics Corporation declared that its board has initiated a share repurchase plan on Monday, October 2nd that allows the company to buyback $3.00 million in outstanding shares. This buyback authorization allows the scientific and technical instruments company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.
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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