Cognex Co. (NASDAQ:CGNX - Get Free Report) shares reached a new 52-week low on Wednesday . The stock traded as low as $26.14 and last traded at $27.30, with a volume of 4071372 shares traded. The stock had previously closed at $26.80.
Analyst Ratings Changes
A number of research analysts recently commented on CGNX shares. HSBC downgraded Cognex from a "buy" rating to a "hold" rating and set a $33.00 price objective for the company. in a research note on Friday, February 21st. UBS Group decreased their price objective on Cognex from $56.00 to $53.00 and set a "buy" rating for the company in a report on Friday. The Goldman Sachs Group reduced their price target on Cognex from $33.00 to $29.00 and set a "sell" rating for the company in a research report on Tuesday. TD Cowen raised Cognex from a "hold" rating to a "buy" rating and set a $35.00 price target on the stock in a report on Monday, April 28th. Finally, Robert W. Baird lowered their price objective on shares of Cognex from $42.00 to $38.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Cognex currently has an average rating of "Hold" and a consensus price target of $39.17.
Get Our Latest Analysis on CGNX
Cognex Stock Down 0.2 %
The stock's 50-day moving average price is $28.41 and its 200 day moving average price is $34.82. The firm has a market cap of $4.73 billion, a price-to-earnings ratio of 45.77 and a beta of 1.45.
Cognex (NASDAQ:CGNX - Get Free Report) last issued its earnings results on Wednesday, February 12th. The scientific and technical instruments company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01). Cognex had a return on equity of 5.65% and a net margin of 11.61%. On average, research analysts predict that Cognex Co. will post 0.61 EPS for the current year.
Cognex Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend is Thursday, May 15th. Cognex's payout ratio is 47.06%.
Insider Activity at Cognex
In other news, EVP Carl Gerst sold 6,803 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $32.73, for a total value of $222,662.19. Following the transaction, the executive vice president now directly owns 4,566 shares of the company's stock, valued at $149,445.18. The trade was a 59.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is currently owned by insiders.
Institutional Trading of Cognex
Several large investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. increased its holdings in Cognex by 3.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,836 shares of the scientific and technical instruments company's stock worth $281,000 after purchasing an additional 262 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of Cognex by 5.1% during the fourth quarter. CIBC Asset Management Inc now owns 5,616 shares of the scientific and technical instruments company's stock worth $201,000 after buying an additional 270 shares in the last quarter. SRS Capital Advisors Inc. raised its position in Cognex by 50.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 885 shares of the scientific and technical instruments company's stock valued at $32,000 after buying an additional 295 shares during the last quarter. Global Retirement Partners LLC lifted its stake in Cognex by 30.8% in the 4th quarter. Global Retirement Partners LLC now owns 1,346 shares of the scientific and technical instruments company's stock valued at $48,000 after acquiring an additional 317 shares in the last quarter. Finally, Arizona State Retirement System boosted its position in Cognex by 0.6% during the 4th quarter. Arizona State Retirement System now owns 49,749 shares of the scientific and technical instruments company's stock worth $1,784,000 after acquiring an additional 320 shares during the last quarter. Institutional investors own 88.12% of the company's stock.
Cognex Company Profile
(
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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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