Cognex Corp. (NASDAQ:CGNX) has received a consensus rating of “Hold” from the ten research firms that are currently covering the company. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $48.26.

Several research analysts have issued reports on CGNX shares. Zacks Investment Research upgraded Cognex Corp. from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research report on Tuesday, May 24th. Needham & Company LLC lifted their price target on shares of Cognex Corp. from $42.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, August 2nd. Canaccord Genuity lifted their price target on shares of Cognex Corp. from $45.00 to $49.00 and gave the company a “hold” rating in a research note on Tuesday, August 2nd. Sanford C. Bernstein began coverage on shares of Cognex Corp. in a research note on Monday, June 6th. They set a “market perform” rating and a $40.10 price target for the company. Finally, Credit Agricole SA lifted their price target on shares of Cognex Corp. from $37.00 to $55.00 and gave the company an “underperform” rating in a research note on Tuesday, August 2nd.

Shares of Cognex Corp. (NASDAQ:CGNX) traded up 0.06% during mid-day trading on Tuesday, reaching $49.98. The company had a trading volume of 129,299 shares. The company has a 50 day moving average price of $49.50 and a 200 day moving average price of $42.98. Cognex Corp. has a one year low of $28.01 and a one year high of $53.45. The company has a market capitalization of $4.25 billion, a price-to-earnings ratio of 24.09 and a beta of 1.55.

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Cognex Corp. (NASDAQ:CGNX) last announced its earnings results on Monday, August 1st. The company reported $0.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.07. Cognex Corp. had a return on equity of 11.44% and a net margin of 40.22%. The business earned $147.27 million during the quarter, compared to analyst estimates of $138.11 million. During the same quarter in the previous year, the business earned $0.49 earnings per share. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. On average, analysts anticipate that Cognex Corp. will post $1.39 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, September 2nd were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend was Wednesday, August 31st. Cognex Corp.’s dividend payout ratio (DPR) is 14.49%.

In other news, CFO Richard Morin sold 1,100 shares of the company’s stock in a transaction on Friday, August 19th. The stock was sold at an average price of $50.35, for a total transaction of $55,385.00. Following the transaction, the chief financial officer now directly owns 3,098 shares of the company’s stock, valued at $155,984.30. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Robert Willett sold 125,000 shares of the company’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $47.93, for a total value of $5,991,250.00. Following the transaction, the chief executive officer now directly owns 25,000 shares in the company, valued at $1,198,250. The disclosure for this sale can be found here. 6.40% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of the company. AXA increased its position in shares of Cognex Corp. by 156.4% in the first quarter. AXA now owns 431,884 shares of the company’s stock worth $16,822,000 after buying an additional 263,460 shares during the last quarter. Pictet Asset Management Ltd. increased its position in shares of Cognex Corp. by 44.0% in the first quarter. Pictet Asset Management Ltd. now owns 392,877 shares of the company’s stock worth $14,540,000 after buying an additional 119,964 shares during the last quarter. Rafferty Asset Management LLC acquired a new position in shares of Cognex Corp. during the first quarter worth about $473,000. State Street Corp increased its position in shares of Cognex Corp. by 0.5% in the first quarter. State Street Corp now owns 2,150,547 shares of the company’s stock worth $83,765,000 after buying an additional 9,905 shares during the last quarter. Finally, BB&T Securities LLC increased its position in shares of Cognex Corp. by 7.6% in the first quarter. BB&T Securities LLC now owns 18,249 shares of the company’s stock worth $710,000 after buying an additional 1,282 shares during the last quarter. 91.42% of the stock is currently owned by institutional investors and hedge funds.

Cognex Corp. 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 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.

5 Day Chart for NASDAQ:CGNX

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