The stock of CyberOptics Corporation (NASDAQ:CYBE) hit a new 52-week high and has $75.91 target or 187.00% above today’s $26.45 share price. The 9 months bullish chart indicates low risk for the $185.36 million company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $75.91 price target is reached, the company will be worth $346.62 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 134,558 shares traded hands or 33.08% up from the average. CyberOptics Corporation (NASDAQ:CYBE) has risen 171.22% since April 7, 2016 and is uptrending. It has outperformed by 166.44% the S&P500.
CyberOptics Corporation (NASDAQ:CYBE) Ratings Coverage
Out of 2 analysts covering CyberOptics (NASDAQ:CYBE), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. CyberOptics has been the topic of 4 analyst reports since August 26, 2016 according to StockzIntelligence Inc. The stock of CyberOptics Corporation (NASDAQ:CYBE) has “Buy” rating given on Thursday, October 20 by Dougherty & Company. Lake Street initiated it with “Buy” rating and $20 target price in Friday, August 26 report. Lake Street maintained the stock with “Buy” rating in Wednesday, October 26 report. Dougherty & Company initiated CyberOptics Corporation (NASDAQ:CYBE) on Wednesday, September 7 with “Buy” rating.
According to Zacks Investment Research, “CyberOptics Corporation is a leading provider of sensors and inspection systems that provide process yield and through-put improvement solutions for the global electronic assembly and semiconductor capital equipment markets. The Company’s products are deployed on production lines that manufacture surface mount technology circuit boards and semiconductor process equipment. By increasing productivity and product quality, our sensors and inspection systems enable electronics manufacturers to strengthen their competitive positions in highly price-sensitive markets. Headquartered in Minneapolis, Minnesota, they conduct worldwide operations through facilities in North America, Asia and Europe.”
Insitutional Activity: The institutional sentiment increased to 1.42 in Q2 2016. Its up 0.42, from 1 in 2016Q1. The ratio increased, as 2 funds sold all CyberOptics Corporation shares owned while 10 reduced positions. 8 funds bought stakes while 9 increased positions. They now own 2.55 million shares or 0.92% more from 2.53 million shares in 2016Q1.
Blackrock Advisors Ltd Limited Liability Company last reported 1,081 shares in the company. Bridgeway Cap Mgmt has 108,500 shares for 0.03% of their US portfolio. Moreover, Heartland Advsr has 0.26% invested in CyberOptics Corporation (NASDAQ:CYBE) for 303,711 shares. Walleye Trading Ltd Limited Liability Company last reported 0% of its portfolio in the stock. Royal National Bank Of Canada holds 0% of its portfolio in CyberOptics Corporation (NASDAQ:CYBE) for 248,144 shares. Jpmorgan Chase And reported 2,826 shares or 0% of all its holdings. Tower Rech Capital Lc (Trc) has invested 0% of its portfolio in CyberOptics Corporation (NASDAQ:CYBE). The Pennsylvania-based Susquehanna Grp Llp has invested 0% in CyberOptics Corporation (NASDAQ:CYBE). Deutsche Bank Ag, a Germany-based fund reported 43,131 shares. Federated Investors Pa has invested 0% of its portfolio in CyberOptics Corporation (NASDAQ:CYBE). Geode Limited, a Massachusetts-based fund reported 38,559 shares. Dimensional Fund Advsrs Limited Partnership accumulated 581,533 shares or 0.01% of the stock. Moreover, California Employees Retirement Systems has 0% invested in CyberOptics Corporation (NASDAQ:CYBE) for 28,500 shares. Creative Planning holds 200 shares or 0% of its portfolio. Blackrock Investment Management Ltd last reported 1,177 shares in the company.
CYBE Company Profile
Cyberoptics Corporation, incorporated on January 18, 1984, is a global developer and maker of sensing technology solutions. The Company’s services and products are used in the surface mount technology (SMT), semiconductor and three dimensional (3D) scanning solutions and services markets. The Company’s products are sold into the electronics assembly, dynamic random access memory (DRAM) and flash memory, and semiconductor fabrication capital equipment markets. The Firm develops, makes and sells non-contact sensors and systems for process control and inspection, and for metrology applications and services. The Company’s product offerings are sold to original equipment manufacturers (OEMs) and end user clients in the SMT circuit board assembly and semiconductor fabrication industries. The Company’s OEMs incorporate the Company’s sensor offerings into capital equipment serving these industries. The Firm also sells sensors and standalone inspection systems directly to end users. Through Laser Design, Inc. (LDI), the Company creates value-added products by integrating LDI’s software with sensors and other hardware purchased from third parties, and sells both these value-added products and metrology systems manufactured by third parties for use to create 3D digital maps of objects. These 3D digital images are used in manufacturing, 3D printing and similar applications.
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