CyberOptics Co. (NASDAQ:CYBE) – Dougherty & Co issued their Q1 2018 earnings estimates for CyberOptics in a report issued on Wednesday. Dougherty & Co analyst R. Ryan anticipates that the scientific and technical instruments company will post earnings per share of ($0.03) for the quarter.
Separately, Zacks Investment Research upgraded shares of CyberOptics from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 5th. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. CyberOptics currently has a consensus rating of “Hold” and an average price target of $18.67.
CyberOptics (NASDAQ CYBE) opened at $16.25 on Friday. The firm has a market cap of $116.98, a PE ratio of -28.02, a PEG ratio of 2.10 and a beta of -0.31. CyberOptics has a 12 month low of $11.35 and a 12 month high of $35.65.
Several institutional investors and hedge funds have recently bought and sold shares of the company. New Jersey Better Educational Savings Trust increased its stake in shares of 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 worth $325,000 after purchasing an additional 4,000 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of CyberOptics by 8.1% in the fourth quarter. Bank of New York Mellon Corp now owns 56,183 shares of the scientific and technical instruments company’s stock worth $842,000 after purchasing an additional 4,224 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of CyberOptics by 103.9% in the fourth quarter. Wells Fargo & Company MN now owns 8,909 shares of the scientific and technical instruments company’s stock worth $134,000 after purchasing an additional 4,540 shares in the last quarter. Royce & Associates LP increased its stake in shares of 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 worth $6,375,000 after purchasing an additional 5,700 shares in the last quarter. Finally, New York State Common Retirement Fund purchased a new position in shares of CyberOptics in the second quarter worth about $151,000. Hedge funds and other institutional investors own 65.37% of the company’s stock.
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CyberOptics 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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