Zacks Investment Research Lowers CyberOptics (NASDAQ: CYBE) To Hold
Cyberoptics (NASDAQ: CYBE) was downgraded by Zacks Investment Research from a “buy” rating to a “custody” rating in a note issued to investors on Tuesday, Zacks.com reports.
According to Zacks, “CyberOptics Corporation is a leading supplier of sensors and inspection systems providing performance and process throughput improvement solutions for the global electronics assembly and equipment markets. semiconductors. The company’s products are deployed on production lines that manufacture surface mount technology. printed circuit boards and semiconductor processing equipment. By increasing productivity and product quality, our sensors and inspection systems enable electronics manufacturers to strengthen their competitive position in highly price sensitive markets. Based in Minneapolis, Minnesota, they conduct operations around the world with facilities in North America, Asia and Europe. “
NASDAQ CYBE traded at $ 0.52 on Tuesday, hitting $ 43.60. The shares of the company had a trading volume of 52,163 shares, compared to an average volume of 68,001. The company has a market capitalization of $ 320.72 million, a PE ratio of 30.49, a price / earnings ratio. -growth of 2.56 and a beta of 1.66. The company has a 50-day moving average price of $ 43.39 and a 200-day moving average price of $ 40.81. CyberOptics has a 52-week low of $ 20.81 and a 52-week high of $ 49.10.
CyberOptics (NASDAQ: CYBE) last released its results on Wednesday, October 27. The science and engineering instruments company reported earnings of $ 0.63 per share for the quarter, beating Zacks’ consensus estimate of $ 0.42 by $ 0.21. The company reported revenue of $ 27.76 million for the quarter. CyberOptics had a net margin of 12.35% and a return on equity of 15.53%. During the same period of the previous year, the company earned $ 0.24 per share. As a group, equity analysts predict CyberOptics will post 1.46 EPS for the current year.
In other CyberOptics news, Director Michael M. Selzer sold 4,021 shares of the company in a trade dated Wednesday, November 10. The shares were sold for an average price of $ 44.78, for a total value of $ 180,060.38. The transaction was disclosed in a document filed with the SEC, accessible through the SEC’s website. Additionally, CFO Jeffrey A. Bertelsen sold 4,000 shares of the company in a trade that took place on Friday, November 19. The stock was sold for an average price of $ 46.35, for a total trade of $ 185,400.00. Disclosure of this sale can be found here. 6.20% of the capital is held by insiders.
Several hedge funds have recently changed their positions in the company. Geode Capital Management LLC increased its position in CyberOptics shares by 0.8% during the third quarter. Geode Capital Management LLC now owns 68,602 shares of the S&T company valued at $ 2,440,000 after purchasing an additional 526 shares in the last quarter. UBS Group AG increased its position in CyberOptics shares by 2.0% in the third quarter. UBS Group AG now owns 27,950 shares of the S&T company valued at $ 995,000 after purchasing an additional 555 shares in the last quarter. Barclays PLC increased its position in CyberOptics shares by 172.5% during the third quarter. Barclays PLC now owns 2,131 shares of the S&T company valued at $ 76,000 after purchasing an additional 1,349 shares in the last quarter. IndexIQ Advisors LLC increased its position in CyberOptics shares by 11.1% during the third quarter. IndexIQ Advisors LLC now owns 17,312 shares of the S&T company valued at $ 616,000 after purchasing an additional 1,734 shares in the last quarter. Finally, Cubist Systematic Strategies LLC increased its position in CyberOptics shares by 38.1% during the third quarter. Cubist Systematic Strategies LLC now owns 6,933 shares of the S&T company valued at $ 247,000 after purchasing an additional 1,911 shares in the last quarter. Institutional investors hold 69.87% of the shares of the company.
CyberOptics Company Profile
CyberOptics Corp. is dedicated to the design, development and manufacture of precision sensing technology solutions. Its products include multi-reflection suppression technology, high precision 3D and 2D sensors, 3D MRS sensors and SMT electronic assembly alignment sensors, automated optical inspection products, SPI products, wafers semiconductor and advanced packaging products, general industrial metrology products and semiconductor sensors.
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