Cognex Corporation (NASDAQ:CGNX) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $131.76 and last traded at $0.00, with a volume of shares traded.
CGNX has been the topic of several research analyst reports. Cowen and Company reissued an “outperform” rating and set a $135.00 target price (up previously from $100.00) on shares of Cognex Corporation in a research report on Tuesday, August 8th. Canaccord Genuity boosted their target price on shares of Cognex Corporation from $95.00 to $120.00 and gave the stock a “hold” rating in a research report on Tuesday, October 31st. Wolfe Research raised shares of Cognex Corporation from a “market perform” rating to an “outperform” rating in a research report on Monday, August 14th. Zacks Investment Research raised shares of Cognex Corporation from a “hold” rating to a “buy” rating and set a $138.00 target price on the stock in a research report on Wednesday. Finally, Robert W. Baird boosted their target price on shares of Cognex Corporation from $100.00 to $124.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 31st. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Cognex Corporation has an average rating of “Buy” and an average target price of $99.50.
The firm has a market cap of $11,505.68, a P/E ratio of 49.03 and a beta of 1.48.
Cognex Corporation’s stock is scheduled to split before the market opens on Monday, December 4th. The 2-1 split was announced on Monday, October 30th. The newly issued shares will be distributed to shareholders after the market closes on Friday, December 1st.
Cognex Corporation (NASDAQ:CGNX) last announced its quarterly earnings data on Monday, October 30th. The scientific and technical instruments company reported $1.14 EPS for the quarter, beating the consensus estimate of $1.05 by $0.09. Cognex Corporation had a net margin of 34.77% and a return on equity of 23.31%. The business had revenue of $259.74 million during the quarter, compared to analysts’ expectations of $255.95 million. During the same period in the previous year, the business posted $0.61 EPS. The business’s quarterly revenue was up 75.6% compared to the same quarter last year. equities research analysts forecast that Cognex Corporation will post 2.77 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 17th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.27%. This is a boost from Cognex Corporation’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Thursday, November 16th. Cognex Corporation’s payout ratio is presently 12.55%.
In other Cognex Corporation news, CEO Robert Willett sold 8,241 shares of Cognex Corporation stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $103.09, for a total transaction of $849,564.69. Following the completion of the sale, the chief executive officer now directly owns 8,241 shares in the company, valued at approximately $849,564.69. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Patrick Alias sold 5,000 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $111.31, for a total transaction of $556,550.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at $556,550. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 229,250 shares of company stock valued at $26,380,101. Company insiders own 5.60% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. AHL Partners LLP lifted its stake in shares of Cognex Corporation by 0.8% in the 2nd quarter. AHL Partners LLP now owns 2,842 shares of the scientific and technical instruments company’s stock valued at $241,000 after purchasing an additional 23 shares during the period. Bronfman E.L. Rothschild L.P. lifted its stake in shares of Cognex Corporation by 2.4% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,999 shares of the scientific and technical instruments company’s stock valued at $170,000 after purchasing an additional 47 shares during the period. Sawtooth Solutions LLC lifted its stake in shares of Cognex Corporation by 1.3% in the 2nd quarter. Sawtooth Solutions LLC now owns 4,009 shares of the scientific and technical instruments company’s stock valued at $340,000 after purchasing an additional 51 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Cognex Corporation by 0.6% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,645 shares of the scientific and technical instruments company’s stock valued at $1,074,000 after purchasing an additional 75 shares during the period. Finally, BB&T Corp lifted its stake in shares of Cognex Corporation by 2.0% in the 2nd quarter. BB&T Corp now owns 4,661 shares of the scientific and technical instruments company’s stock valued at $395,000 after purchasing an additional 92 shares during the period. Hedge funds and other institutional investors own 86.45% of the company’s stock.
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Cognex Corporation Company Profile
Cognex Corporation (Cognex) is a provider of machine vision products that capture and analyze visual information in order to automate tasks, primarily in manufacturing processes, where vision is required. The Company operates through the machine vision technology segment. The Company’s machine vision products are used to automate the manufacture and tracking of discrete items, such as mobile phones, aspirin bottles and automobile tires, by locating, identifying, inspecting and measuring them during the manufacturing or distribution process.
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