Acadian Asset Management LLC boosted its position in shares of CyberOptics Co. (NASDAQ:CYBE) by 50.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 148,154 shares of the scientific and technical instruments company’s stock after purchasing an additional 49,806 shares during the quarter. Acadian Asset Management LLC owned about 2.04% of CyberOptics worth $4,718,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. BNP Paribas Arbitrage SA raised its holdings in CyberOptics by 538.5% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 1,692 shares of the scientific and technical instruments company’s stock worth $54,000 after purchasing an additional 1,427 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of CyberOptics in the 2nd quarter valued at about $122,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new stake in shares of CyberOptics in the 2nd quarter valued at about $132,000. American International Group Inc. bought a new stake in shares of CyberOptics in the 2nd quarter valued at about $138,000. Finally, Marshall Wace North America L.P. bought a new stake in shares of CyberOptics in the 1st quarter valued at about $74,000. 54.63% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have recently commented on the company. Zacks Investment Research cut CyberOptics from a “buy” rating to a “hold” rating in a research note on Tuesday, October 27th. ValuEngine cut CyberOptics from a “buy” rating to a “hold” rating in a research note on Monday, November 2nd. Colliers Securities assumed coverage on CyberOptics in a research note on Monday, October 26th. They issued a “buy” rating and a $36.00 price target for the company. TheStreet raised CyberOptics from a “c+” rating to a “b-” rating in a research note on Friday, October 23rd. Finally, BidaskClub upgraded CyberOptics from a “hold” rating to a “buy” rating in a research report on Wednesday, October 14th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $33.75.
CyberOptics (NASDAQ:CYBE) last released its quarterly earnings results on Thursday, October 22nd. The scientific and technical instruments company reported $0.24 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.24. CyberOptics had a return on equity of 7.35% and a net margin of 6.34%. As a group, research analysts forecast that CyberOptics Co. will post 0.67 EPS for the current year.
In other CyberOptics news, CFO Jeffrey A. Bertelsen sold 3,307 shares of the company’s stock in a transaction that occurred on Friday, November 13th. The stock was sold at an average price of $24.25, for a total transaction of $80,194.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 6.60% of the company’s stock.
CyberOptics Corporation designs, develops, and manufactures high precision sensing technology solutions and system products worldwide. Its products are used in surface mount technology (SMT) and semiconductor industries to improve yields and productivity. The company offers products based on multi-reflection suppression (MRS) technology, including multi-function inspection and measurement machines, and memory module inspection system; high precision 3D and 2D sensors for inspection and metrology; and 3D MRS sensors that are used various applications, such as printed circuit boards, CPU sockets, solder balls and bumps, wafer bumps, copper pillars, and other wafer level and advanced packaging.
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