CyberOptics Co. (NASDAQ:CYBE) – Research analysts at Dougherty & Co increased their FY2019 EPS estimates for shares of CyberOptics in a research note issued on Wednesday. Dougherty & Co analyst R. Ryan now anticipates that the scientific and technical instruments company will earn $0.88 per share for the year, up from their previous estimate of $0.75.
Separately, Zacks Investment Research raised shares of CyberOptics from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 5th. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $18.67.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. New York State Common Retirement Fund acquired a new stake in shares of CyberOptics in the second quarter worth approximately $151,000. Wells Fargo & Company MN boosted its position in shares of CyberOptics by 103.9% in the fourth quarter. Wells Fargo & Company MN now owns 8,909 shares of the scientific and technical instruments company’s stock worth $134,000 after acquiring an additional 4,540 shares during the last quarter. Boothbay Fund Management LLC acquired a new stake in shares of CyberOptics in the third quarter worth approximately $183,000. Teachers Advisors LLC acquired a new stake in shares of CyberOptics in the second quarter worth approximately $247,000. Finally, Schwab Charles Investment Management Inc. acquired a new stake in shares of CyberOptics in the second quarter worth approximately $250,000. 65.37% of the stock is currently owned by institutional investors and hedge funds.
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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