CyberOptics (NASDAQ:CYBE) Rating Increased to Buy at Colliers Secur.

Colliers Secur. upgraded shares of CyberOptics (NASDAQ:CYBE) from a neutral rating to a buy rating in a research report report published on Monday morning, Zacks.com reports. Colliers Secur. also issued estimates for CyberOptics’ Q4 2020 earnings at $0.10 EPS and FY2021 earnings at $0.75 EPS.

CYBE has been the subject of several other reports. BidaskClub upgraded shares of CyberOptics from a hold rating to a buy rating in a report on Wednesday, October 14th. Colliers Securities started coverage on shares of CyberOptics in a research report on Monday. They set a buy rating and a $36.00 price target for the company. Zacks Investment Research raised shares of CyberOptics from a hold rating to a buy rating and set a $29.00 price target for the company in a research report on Monday. Finally, ValuEngine raised shares of CyberOptics from a hold rating to a buy rating in a research report on Monday, October 19th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. CyberOptics presently has an average rating of Buy and an average price target of $33.75.

CYBE stock opened at $23.97 on Monday. The firm has a 50 day moving average price of $32.75 and a 200-day moving average price of $32.55. CyberOptics has a 52-week low of $12.77 and a 52-week high of $43.48. The firm has a market capitalization of $173.85 million, a price-to-earnings ratio of 79.90, a PEG ratio of 4.94 and a beta of 1.21.

CyberOptics (NASDAQ:CYBE) last released its earnings results on Thursday, October 22nd. The scientific and technical instruments company reported $0.24 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.24. CyberOptics had a net margin of 3.72% and a return on equity of 3.89%. Analysts forecast that CyberOptics will post 0.68 earnings per share for the current year.

A number of large investors have recently bought and sold shares of CYBE. EAM Investors LLC grew its stake in CyberOptics by 79.0% in the 2nd quarter. EAM Investors LLC now owns 86,624 shares of the scientific and technical instruments company’s stock worth $2,790,000 after acquiring an additional 38,234 shares in the last quarter. Geode Capital Management LLC lifted its stake in CyberOptics by 21.1% in the first quarter. Geode Capital Management LLC now owns 61,725 shares of the scientific and technical instruments company’s stock valued at $1,056,000 after buying an additional 10,773 shares during the period. Penbrook Management LLC lifted its stake in CyberOptics by 5.7% in the third quarter. Penbrook Management LLC now owns 57,940 shares of the scientific and technical instruments company’s stock valued at $1,845,000 after buying an additional 3,140 shares during the period. Bank of New York Mellon Corp lifted its stake in CyberOptics by 44.3% in the second quarter. Bank of New York Mellon Corp now owns 47,213 shares of the scientific and technical instruments company’s stock valued at $1,521,000 after buying an additional 14,502 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in CyberOptics by 128.2% in the second quarter. Assenagon Asset Management S.A. now owns 37,761 shares of the scientific and technical instruments company’s stock valued at $1,216,000 after buying an additional 21,212 shares during the period. 58.00% of the stock is owned by institutional investors and hedge funds.

CyberOptics Company Profile

CyberOptics Corporation designs, develops, and manufactures high precision sensing technology solutions and system products worldwide. Its products are used in surface mount technology (SMT) and semiconductor industries to improve yields and productivity. The company offers products based on multi-reflection suppression (MRS) technology, including multi-function inspection and measurement machines, and memory module inspection system; high precision 3D and 2D sensors for inspection and metrology; and 3D MRS sensors that are used various applications, such as printed circuit boards, CPU sockets, solder balls and bumps, wafer bumps, copper pillars, and other wafer level and advanced packaging.

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Analyst Recommendations for CyberOptics (NASDAQ:CYBE)

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