23,600 Shares in CyberOptics Corporation (CYBE) Acquired by Crescent Grove Advisors LLC

Crescent Grove Advisors LLC bought a new position in CyberOptics Corporation (NASDAQ:CYBE) during the second quarter, according to its most recent filing with the SEC. The firm bought 23,600 shares of the scientific and technical instruments company’s stock, valued at approximately $487,000. Crescent Grove Advisors LLC owned about 0.34% of CyberOptics Corporation as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of CyberOptics Corporation by 2.3% in the first quarter. Vanguard Group Inc. now owns 271,998 shares of the scientific and technical instruments company’s stock worth $7,058,000 after buying an additional 6,180 shares during the last quarter. Royce & Associates LP raised its position in shares of CyberOptics Corporation by 70.8% in the first quarter. Royce & Associates LP now owns 271,500 shares of the scientific and technical instruments company’s stock worth $7,045,000 after buying an additional 112,500 shares during the last quarter. Stephens Investment Management Group LLC raised its position in shares of CyberOptics Corporation by 17.2% in the first quarter. Stephens Investment Management Group LLC now owns 243,823 shares of the scientific and technical instruments company’s stock worth $6,327,000 after buying an additional 35,823 shares during the last quarter. State of Wisconsin Investment Board bought a new position in shares of CyberOptics Corporation during the first quarter worth $2,906,000. Finally, Bogle Investment Management L P DE raised its position in shares of CyberOptics Corporation by 98.3% in the first quarter. Bogle Investment Management L P DE now owns 103,325 shares of the scientific and technical instruments company’s stock worth $2,681,000 after buying an additional 51,227 shares during the last quarter. 50.90% of the stock is owned by hedge funds and other institutional investors.

CyberOptics Corporation (NASDAQ:CYBE) opened at 15.35 on Friday. The stock’s 50 day moving average is $20.76 and its 200-day moving average is $25.27. CyberOptics Corporation has a 1-year low of $14.65 and a 1-year high of $41.18. The firm has a market capitalization of $107.00 million, a P/E ratio of 13.48 and a beta of -0.39.

CyberOptics Corporation (NASDAQ:CYBE) last posted its earnings results on Thursday, July 27th. The scientific and technical instruments company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.17 by $0.02. The business had revenue of $16.41 million for the quarter, compared to the consensus estimate of $16.02 million. CyberOptics Corporation had a return on equity of 5.94% and a net margin of 14.32%. Analysts forecast that CyberOptics Corporation will post $0.32 EPS for the current year.

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CYBE has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of CyberOptics Corporation from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 7th. TheStreet lowered shares of CyberOptics Corporation from a “b” rating to a “c+” rating in a research note on Wednesday, April 26th. Dougherty & Co reduced their target price on shares of CyberOptics Corporation from $55.00 to $35.00 and set a “buy” rating for the company in a research note on Friday, July 28th. Finally, ValuEngine lowered shares of CyberOptics Corporation from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. CyberOptics Corporation has a consensus rating of “Hold” and an average price target of $35.00.

About CyberOptics Corporation

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.

Institutional Ownership by Quarter for CyberOptics Corporation (NASDAQ:CYBE)

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