Electronics and semiconductors company CyberOptics Corporation (CYBE) has released a quarter ending March 31, 2021. Sales are picking up, and CYBE shares have gained more than 22.5% this year, to $30 on April 27. Total market capitalization reached 223.6 million.

The CYBE stock closed the last session at $33.51, increasing 11.70% or $3.51. On the day, shares of the company fluctuated between $31.25 and $33.95 in price. The number of shares exchanged was 0.24 million. The company’s shares were up 23.02% in the past 12 months, and in the past week, they rose 16.07%. Stocks have increased 27.08% over the past six months, and share prices are up 32.03% over the last three months. Since the beginning of the year, the stock has returned 47.69%. Furthermore, the company’s price-to-earnings ratio is 43.58.

CyberOptics sales in the last quarter ended March 31 increased by 8% year-on-year to $17.7 million. Earnings increased from $ 844 thousand and $ 0.11 a year earlier to $ 1.4 million, or $ 0.19 per share. CyberOptics’ best-selling semiconductor products drove the increase in gross margin to 47%.

As a manufacturer of high-precision 3D sensors, CyberOptics Corporation (CYBE) can be found in the chips’ testing lines and mass assembly. A vital step in chip production is quality control of silicon wafers, which CyberOptics produce.

Due to the industry’s recovery from the pandemic and despite semiconductor shortages, CyberOptics’ sensor demand has increased. Consequently, CyberOptics sales of 2D and 3D sensors increased by 54% year-on-year in the first quarter, reaching $ 6.4 million. Multifunctional control systems SQ3000 sales also increased 23 %, to $ 4.1 million, for automated inspection of completed printed circuit boards.

Double-digit growth should be expected in some segments during the second quarter for CyberOptics Corporation (CYBE). Moreover, new contracts for the supply of testing systems for memory chips will be signed.

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