Shepherd Kaplan Krochuk LLC Reduces Holdings in CyberOptics Co. (CYBE)

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Shepherd Kaplan Krochuk LLC lessened its position in CyberOptics Co. (NASDAQ:CYBE) by 28.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,000 shares of the scientific and technical instruments company’s stock after selling 4,000 shares during the period. Shepherd Kaplan Krochuk LLC owned approximately 0.14% of CyberOptics worth $174,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its holdings in shares of CyberOptics by 347.0% in the 1st quarter. The Manufacturers Life Insurance Company now owns 6,017 shares of the scientific and technical instruments company’s stock worth $109,000 after acquiring an additional 4,671 shares during the period. Wells Fargo & Company MN increased its holdings in shares of CyberOptics by 103.9% in the 4th 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 period. Spark Investment Management LLC acquired a new stake in shares of CyberOptics in the 2nd quarter worth about $217,000. LMR Partners LLP acquired a new stake in shares of CyberOptics in the 2nd quarter worth about $367,000. Finally, Perkins Capital Management Inc. increased its holdings in shares of CyberOptics by 103.9% in the 2nd quarter. Perkins Capital Management Inc. now owns 75,350 shares of the scientific and technical instruments company’s stock worth $1,311,000 after acquiring an additional 38,400 shares during the period. 60.99% of the stock is currently owned by institutional investors and hedge funds.

CYBE has been the topic of a number of analyst reports. Zacks Investment Research raised shares of CyberOptics from a “sell” rating to a “hold” rating in a report on Monday, May 14th. Lake Street Capital raised their target price on shares of CyberOptics from $19.00 to $21.00 and gave the company a “buy” rating in a research note on Thursday, July 26th. Craig Hallum raised their target price on shares of CyberOptics from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, July 26th. Finally, ValuEngine raised shares of CyberOptics from a “hold” rating to a “buy” rating in a research note on Saturday, August 18th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $22.33.

CyberOptics stock opened at $21.95 on Friday. The stock has a market cap of $155.97 million, a price-to-earnings ratio of 168.85, a P/E/G ratio of 5.95 and a beta of -0.32. CyberOptics Co. has a 52 week low of $11.35 and a 52 week high of $22.30.

CyberOptics (NASDAQ:CYBE) last released its earnings results on Wednesday, July 25th. The scientific and technical instruments company reported $0.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.08. The firm had revenue of $15.85 million for the quarter. CyberOptics had a net margin of 1.82% and a return on equity of 1.11%. equities research analysts forecast that CyberOptics Co. will post 0.31 earnings per share for the current year.

CyberOptics Profile

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.

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Institutional Ownership by Quarter for CyberOptics (NASDAQ:CYBE)

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