Boothbay Fund Management LLC acquired a new stake in CyberOptics Corporation (NASDAQ:CYBE) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 11,287 shares of the scientific and technical instruments company’s stock, valued at approximately $183,000. Boothbay Fund Management LLC owned 0.16% of CyberOptics at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. PDT Partners LLC increased its stake in CyberOptics by 2.1% during the second quarter. PDT Partners LLC now owns 37,839 shares of the scientific and technical instruments company’s stock worth $781,000 after purchasing an additional 785 shares during the period. New Jersey Better Educational Savings Trust increased its stake in CyberOptics by 25.0% during 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 during the period. White Pine Capital LLC increased its stake in CyberOptics by 19.7% during the second quarter. White Pine Capital LLC now owns 31,325 shares of the scientific and technical instruments company’s stock worth $647,000 after purchasing an additional 5,150 shares during the period. Royce & Associates LP increased its stake in CyberOptics by 1.5% during 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 during the period. Finally, Geode Capital Management LLC increased its stake in CyberOptics by 14.6% during the first quarter. Geode Capital Management LLC now owns 45,059 shares of the scientific and technical instruments company’s stock worth $1,169,000 after purchasing an additional 5,727 shares during the period. Hedge funds and other institutional investors own 62.12% of the company’s stock.

Shares of CyberOptics Corporation (NASDAQ CYBE) opened at $14.55 on Thursday. CyberOptics Corporation has a one year low of $11.35 and a one year high of $41.18. The firm has a market cap of $105.01, a P/E ratio of 68.41, a P/E/G ratio of 17.20 and a beta of -0.34.

CyberOptics (NASDAQ:CYBE) last released its earnings results on Tuesday, October 24th. The scientific and technical instruments company reported ($0.01) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.03. CyberOptics had a net margin of 12.86% and a return on equity of 3.21%. The firm had revenue of $11.83 million for the quarter. analysts forecast that CyberOptics Corporation will post 0.04 EPS for the current fiscal year.

CyberOptics announced that its board has authorized a share buyback program on Monday, October 2nd that permits the company to buyback $3.00 million in outstanding shares. This buyback authorization permits the scientific and technical instruments company to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

CYBE has been the topic of a number of recent research reports. Craig Hallum set a $25.00 price target on shares of CyberOptics and gave the stock a “buy” rating in a research note on Wednesday, August 23rd. Dougherty & Co restated a “buy” rating and set a $21.00 target price (down from $35.00) on shares of CyberOptics in a research note on Tuesday, October 3rd. Lake Street Capital cut their target price on shares of CyberOptics from $27.00 to $15.00 and set a “buy” rating on the stock in a research note on Tuesday, October 3rd. Finally, Zacks Investment Research upgraded shares of CyberOptics from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. CyberOptics currently has an average rating of “Hold” and an average price target of $18.67.

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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.

Institutional Ownership by Quarter for CyberOptics (NASDAQ:CYBE)

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