CyberOptics Corporation (NASDAQ:CYBE) had its price objective cut by research analysts at Lake Street Capital from $27.00 to $15.00 in a research report issued on Tuesday. The firm currently has a “buy” rating on the scientific and technical instruments company’s stock. Lake Street Capital’s price objective indicates a potential upside of 29.31% from the company’s previous close.

A number of other brokerages have also recently issued reports on CYBE. Craig Hallum set a $25.00 target price on shares of CyberOptics Corporation and gave the company a “buy” rating in a research report on Wednesday, August 23rd. Dougherty & Co reduced their target price on shares of CyberOptics Corporation from $55.00 to $35.00 and set a “buy” rating for the company in a research report on Friday, July 28th. Finally, ValuEngine cut shares of CyberOptics Corporation from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating and three have assigned a buy rating to the stock. CyberOptics Corporation presently has a consensus rating of “Buy” and an average target price of $18.67.

CyberOptics Corporation (NASDAQ:CYBE) traded up 1.72% during trading on Tuesday, hitting $11.80. 58,588 shares of the stock were exchanged. CyberOptics Corporation has a 52 week low of $11.35 and a 52 week high of $41.18. The firm has a 50-day moving average of $15.04 and a 200-day moving average of $20.35. The stock has a market capitalization of $81.53 million, a price-to-earnings ratio of 7.20 and a beta of -0.33.

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

CyberOptics Corporation declared that its Board of Directors has approved a stock buyback program on Monday, October 2nd that allows the company to buyback $3.00 million in shares. This buyback authorization allows the scientific and technical instruments company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

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A number of hedge funds and other institutional investors have recently modified their holdings of CYBE. Globeflex Capital L P raised its stake in CyberOptics Corporation by 17,857.1% during the first 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 in the last quarter. SG Americas Securities LLC acquired a new position in CyberOptics Corporation during the first quarter worth about $141,000. New York State Common Retirement Fund acquired a new position in CyberOptics Corporation during the second quarter worth about $151,000. FNY Partners Fund LP raised its stake in CyberOptics Corporation by 96.5% during the first 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 in the last quarter. Finally, Teachers Advisors LLC acquired a new position in CyberOptics Corporation during the second quarter worth about $247,000. 60.86% of the stock is owned by hedge funds and other institutional investors.

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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