Punch & Associates Investment Management Inc. Has $1.41 Million Stock Holdings in CyberOptics Co. (NASDAQ:CYBE)

Punch & Associates Investment Management Inc. trimmed its stake in shares of CyberOptics Co. (NASDAQ:CYBE) by 35.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,165 shares of the scientific and technical instruments company’s stock after selling 29,903 shares during the quarter. Punch & Associates Investment Management Inc. owned approximately 0.74% of CyberOptics worth $1,407,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. BlackRock Inc. grew its holdings in CyberOptics by 0.9% during the 1st quarter. BlackRock Inc. now owns 510,501 shares of the scientific and technical instruments company’s stock worth $13,259,000 after acquiring an additional 4,688 shares during the last quarter. Royce & Associates LP grew its holdings in CyberOptics by 70.3% during the 1st quarter. Royce & Associates LP now owns 440,680 shares of the scientific and technical instruments company’s stock worth $11,444,000 after acquiring an additional 181,880 shares during the last quarter. Acadian Asset Management LLC grew its holdings in CyberOptics by 12.7% during the 1st quarter. Acadian Asset Management LLC now owns 206,728 shares of the scientific and technical instruments company’s stock worth $5,369,000 after acquiring an additional 23,372 shares during the last quarter. Royal Bank of Canada grew its holdings in CyberOptics by 4.1% during the 1st quarter. Royal Bank of Canada now owns 194,657 shares of the scientific and technical instruments company’s stock worth $5,055,000 after acquiring an additional 7,631 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in CyberOptics by 7.7% during the 1st quarter. Geode Capital Management LLC now owns 117,956 shares of the scientific and technical instruments company’s stock worth $3,063,000 after acquiring an additional 8,477 shares during the last quarter. 62.58% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:CYBE opened at $40.00 on Thursday. The company has a fifty day moving average price of $34.95. CyberOptics Co. has a 52 week low of $20.81 and a 52 week high of $43.48. The company has a market cap of $292 million, a price-to-earnings ratio of 47.06, a P/E/G ratio of 3.42 and a beta of 1.60.

CyberOptics (NASDAQ:CYBE) last posted its quarterly earnings data on Tuesday, April 27th. The scientific and technical instruments company reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.04. CyberOptics had a net margin of 8.88% and a return on equity of 9.86%. The company had revenue of $17.73 million for the quarter. On average, analysts expect that CyberOptics Co. will post 0.95 earnings per share for the current fiscal year.

Separately, Zacks Investment Research lowered shares of CyberOptics from a “buy” rating to a “hold” rating in a report on Tuesday, June 29th.

CyberOptics Profile

CyberOptics Corporation designs, develops, and manufactures high precision sensing technology solutions and system products for inspection and metrology worldwide. The company offers products based on multi-reflection suppression (MRS) technology, including multi-function systems for inspection and metrology; MX3000 memory module inspection system; 3D NanoResolution MRS sensor and WX3000 inspection and metrology system for semiconductor wafer and advanced packaging inspection and metrology; high precision 3D and 2D sensors; 3D MRS sensors; SMT electronic assembly alignment sensors; and inspection and metrology systems.

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Institutional Ownership by Quarter for CyberOptics (NASDAQ:CYBE)

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