Bank of New York Mellon Corp Has $740,000 Stake in CyberOptics Co. (CYBE)

Bank of New York Mellon Corp reduced its stake in CyberOptics Co. (NASDAQ:CYBE) by 27.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,505 shares of the scientific and technical instruments company’s stock after selling 15,805 shares during the period. Bank of New York Mellon Corp’s holdings in CyberOptics were worth $740,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. The Manufacturers Life Insurance Company raised its stake in shares of CyberOptics by 347.0% in the first quarter. The Manufacturers Life Insurance Company now owns 6,017 shares of the scientific and technical instruments company’s stock valued at $109,000 after acquiring an additional 4,671 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of CyberOptics by 38.1% in the first quarter. Wells Fargo & Company MN now owns 12,302 shares of the scientific and technical instruments company’s stock valued at $221,000 after acquiring an additional 3,393 shares in the last quarter. LMR Partners LLP acquired a new stake in shares of CyberOptics in the second quarter valued at $367,000. Perkins Capital Management Inc. raised its stake in shares of CyberOptics by 103.9% in the second quarter. Perkins Capital Management Inc. now owns 75,350 shares of the scientific and technical instruments company’s stock valued at $1,311,000 after acquiring an additional 38,400 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of CyberOptics by 4.1% in the first quarter. Northern Trust Corp now owns 87,907 shares of the scientific and technical instruments company’s stock valued at $1,583,000 after acquiring an additional 3,428 shares in the last quarter. Institutional investors and hedge funds own 60.99% of the company’s stock.

CyberOptics stock opened at $16.35 on Friday. CyberOptics Co. has a 1-year low of $12.50 and a 1-year high of $22.30. The firm has a market capitalization of $126.04 million, a price-to-earnings ratio of 132.15, a price-to-earnings-growth ratio of 4.81 and a beta of -0.32.

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

Several brokerages have recently issued reports on CYBE. ValuEngine upgraded CyberOptics from a “hold” rating to a “buy” rating in a research note on Saturday, August 18th. Craig Hallum increased their price objective on CyberOptics from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, July 26th. Finally, Lake Street Capital increased their price objective on CyberOptics from $19.00 to $21.00 and gave the company a “buy” rating in a research note on Thursday, July 26th.

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.

Recommended Story: Dollar Cost Averaging

Want to see what other hedge funds are holding CYBE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CyberOptics Co. (NASDAQ:CYBE).

Institutional Ownership by Quarter for CyberOptics (NASDAQ:CYBE)

Receive News & Ratings for CyberOptics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CyberOptics and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply