Cognex (NASDAQ:CGNX - Free Report) had its target price boosted by Robert W. Baird from $30.00 to $32.00 in a research note published on Monday morning,Benzinga reports. They currently have a neutral rating on the scientific and technical instruments company's stock.
Other equities research analysts have also issued research reports about the stock. Cowen raised shares of Cognex from a "hold" rating to a "buy" rating in a research note on Monday, April 28th. The Goldman Sachs Group increased their price objective on Cognex from $29.00 to $32.00 and gave the stock a "sell" rating in a report on Thursday. UBS Group lowered their target price on Cognex from $56.00 to $53.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Citigroup dropped their target price on Cognex from $37.00 to $26.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Finally, DA Davidson reduced their price target on Cognex from $35.00 to $32.00 and set a "neutral" rating for the company in a report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $39.17.
View Our Latest Analysis on Cognex
Cognex Stock Up 1.3%
Shares of CGNX traded up $0.39 during mid-day trading on Monday, reaching $30.54. The company's stock had a trading volume of 1,317,433 shares, compared to its average volume of 1,609,610. The company has a market cap of $5.13 billion, a price-to-earnings ratio of 50.07 and a beta of 1.47. The business has a fifty day moving average of $28.25 and a 200 day moving average of $32.80. Cognex has a 1 year low of $22.67 and a 1 year high of $53.13.
Cognex Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.32 annualized dividend and a yield of 1.05%. Cognex's dividend payout ratio (DPR) is presently 47.06%.
Institutional Trading of Cognex
A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Cognex by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 18,479,828 shares of the scientific and technical instruments company's stock worth $662,687,000 after acquiring an additional 296,251 shares during the period. T. Rowe Price Investment Management Inc. grew its position in shares of Cognex by 32.0% in the first quarter. T. Rowe Price Investment Management Inc. now owns 6,082,319 shares of the scientific and technical instruments company's stock valued at $181,436,000 after purchasing an additional 1,474,832 shares during the last quarter. William Blair Investment Management LLC increased its stake in shares of Cognex by 27.3% in the fourth quarter. William Blair Investment Management LLC now owns 5,840,117 shares of the scientific and technical instruments company's stock worth $209,427,000 after purchasing an additional 1,253,996 shares during the period. Mackenzie Financial Corp increased its stake in shares of Cognex by 126.2% in the first quarter. Mackenzie Financial Corp now owns 4,609,802 shares of the scientific and technical instruments company's stock worth $137,510,000 after purchasing an additional 2,571,457 shares during the period. Finally, Pictet Asset Management Holding SA lifted its position in shares of Cognex by 13.7% during the 4th quarter. Pictet Asset Management Holding SA now owns 3,820,394 shares of the scientific and technical instruments company's stock worth $136,999,000 after purchasing an additional 461,724 shares during the last quarter. 88.12% of the stock is currently owned by institutional investors and hedge funds.
About Cognex
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Cognex Corporation provides machine vision products that capture and analyze visual information to automate manufacturing and distribution tasks worldwide. Its machine vision products are used to automate the manufacturing and tracking of discrete items, including mobile phones, electric vehicle batteries, and e-commerce packages by locating, identifying, inspecting, and measuring them during the manufacturing or distribution process.
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