The stock of CyberOptics Corporation (NASDAQ:CYBE) hit a new 52-week high and has $53.71 target or 83.00% above today’s $29.35 share price. The 5 months bullish chart indicates low risk for the $225.38 million company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $53.71 price target is reached, the company will be worth $187.07M 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 80,865 shares traded hands. CyberOptics Corporation (NASDAQ:CYBE) has risen 110.75% since April 15, 2016 and is uptrending. It has outperformed by 106.13% 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. Lake Street initiated the stock with “Buy” rating in Friday, August 26 report. The company was initiated on Wednesday, September 7 by Dougherty & Company. The firm has “Buy” rating by Dougherty & Company given on Thursday, October 20. The stock has “Buy” rating given by Lake Street on Wednesday, October 26.
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 improved, 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.
Federated Pa holds 0% or 249 shares in its portfolio. Northern Corporation has 22,088 shares for 0% of their US portfolio. Creative Planning last reported 200 shares in the company. Walleye Trading Lc last reported 0% of its portfolio in the stock. Thompson Davis And Communication has invested 0.01% of its portfolio in CyberOptics Corporation (NASDAQ:CYBE). White Pine Capital Llc last reported 39,550 shares in the company. Blackrock Institutional Trust Na reported 203,846 shares or 0% of all its holdings. Jpmorgan Chase And accumulated 2,826 shares or 0% of the stock. California Public Employees Retirement System reported 28,500 shares or 0% of all its holdings. Renaissance Tech Ltd Llc last reported 380,300 shares in the company. Blackrock Inv Management Limited Com, a New Jersey-based fund reported 1,177 shares. The California-based Eam Invsts has invested 0.2% in CyberOptics Corporation (NASDAQ:CYBE). Springbok Cap Management Lc reported 1,791 shares or 0% of all its holdings. Vanguard Grp Incorporated Inc, a Pennsylvania-based fund reported 236,358 shares. Royal National Bank & Trust Of Canada last reported 248,144 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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