StockNews.com Initiates Coverage on CyberOptics (NASDAQ:CYBE)

StockNews.com assumed coverage on shares of CyberOptics (NASDAQ:CYBEGet Rating) in a report published on Tuesday. The firm issued a sell rating on the scientific and technical instruments company’s stock.

Separately, Craig Hallum cut shares of CyberOptics from a buy rating to a hold rating and decreased their price target for the company from $58.00 to $54.00 in a research report on Tuesday, August 9th.

CyberOptics Stock Performance

CyberOptics stock opened at $54.00 on Tuesday. The stock has a 50-day moving average price of $53.85 and a two-hundred day moving average price of $46.96. CyberOptics has a 12 month low of $30.98 and a 12 month high of $54.12. The company has a market capitalization of $399.76 million, a PE ratio of 25.35 and a beta of 1.36.

Institutional Trading of CyberOptics

A number of large investors have recently bought and sold shares of the business. Samson Rock Capital LLP acquired a new position in shares of CyberOptics in the 3rd quarter valued at about $17,479,000. Gabelli Funds LLC acquired a new position in CyberOptics in the third quarter valued at approximately $15,461,000. Chicago Capital Management LLC bought a new position in shares of CyberOptics during the 3rd quarter worth approximately $11,927,000. First Trust Capital Management L.P. acquired a new stake in shares of CyberOptics during the 3rd quarter worth approximately $10,505,000. Finally, Glazer Capital LLC bought a new stake in shares of CyberOptics in the 3rd quarter valued at $7,789,000. 68.60% of the stock is currently owned by institutional investors and hedge funds.

CyberOptics Company Profile

(Get Rating)

CyberOptics Corporation designs, develops, manufactures, and markets high precision sensing technology solutions and system products for inspection and metrology worldwide. It offers products based on multi-reflection suppression (MRS) technology, including multi-function systems for inspection and metrology; MX3000 memory module inspection system; 3D NanoResolution MRS sensor and WX3000 inspection and metrology system for semiconductor wafer and advanced packaging inspection and metrology; high precision 3D and 2D sensors; 3D MRS sensors; SMT electronic assembly alignment sensors; and inspection and metrology systems.

Further Reading

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