Lake Street Capital Reiterates Buy Rating for CyberOptics (NASDAQ:CYBE)

Share on StockTwits

Lake Street Capital restated their buy rating on shares of CyberOptics (NASDAQ:CYBE) in a research report released on Thursday, The Fly reports. The firm currently has a $27.00 price target on the scientific and technical instruments company’s stock, up from their prior price target of $20.00.

CYBE has been the subject of several other reports. ValuEngine upgraded shares of CyberOptics from a hold rating to a buy rating in a research report on Saturday, February 1st. Zacks Investment Research upgraded shares of CyberOptics from a hold rating to a strong-buy rating and set a $21.00 price objective for the company in a research report on Wednesday, November 6th. One analyst has rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. CyberOptics presently has an average rating of Buy and a consensus price target of $25.67.

CYBE opened at $24.97 on Thursday. CyberOptics has a twelve month low of $11.55 and a twelve month high of $26.75. The company has a quick ratio of 3.65, a current ratio of 5.57 and a debt-to-equity ratio of 0.06. The company has a fifty day moving average of $22.60 and a 200-day moving average of $17.65. The stock has a market cap of $177.99 million, a PE ratio of 249.72, a price-to-earnings-growth ratio of 7.71 and a beta of 0.21.

CyberOptics (NASDAQ:CYBE) last posted its quarterly earnings data on Wednesday, February 19th. The scientific and technical instruments company reported $0.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.01. CyberOptics had a net margin of 1.31% and a return on equity of 1.35%. The company had revenue of $16.85 million during the quarter. Sell-side analysts anticipate that CyberOptics will post 0.27 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ladenburg Thalmann Financial Services Inc. boosted its stake in CyberOptics by 105.6% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,655 shares of the scientific and technical instruments company’s stock worth $27,000 after acquiring an additional 850 shares in the last quarter. US Bancorp DE bought a new position in CyberOptics during the fourth quarter worth $37,000. Russell Investments Group Ltd. bought a new position in CyberOptics during the fourth quarter worth $56,000. Marshall Wace North America L.P. bought a new position in CyberOptics during the first quarter worth $74,000. Finally, State Street Corp boosted its stake in CyberOptics by 7.3% during the fourth quarter. State Street Corp now owns 15,212 shares of the scientific and technical instruments company’s stock worth $280,000 after acquiring an additional 1,038 shares in the last quarter. 55.39% of the stock is currently owned by institutional investors and hedge funds.

About CyberOptics

CyberOptics Corporation develops and manufactures high precision sensing technology solutions worldwide. Its sensors are being used in surface mount technology (SMT), semiconductor, and metrology markets to improve yields and productivity. The company offers multi-reflection suppression sensors for application in the SMT, semiconductor, and metrology markets; and strobe inspection modules for use in 2D automated optical inspection (AOI) systems.

Read More: How to invest using market indexes

The Fly

Receive News & Ratings for CyberOptics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CyberOptics and related companies with MarketBeat.com's FREE daily email newsletter.