Cognex Co. (NASDAQ:CGNX - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $26.14 and last traded at $27.30, with a volume of 4071372 shares trading hands. The stock had previously closed at $26.80.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the company. Stephens restated an "overweight" rating and issued a $55.00 target price on shares of Cognex in a research report on Wednesday, March 12th. Robert W. Baird decreased their price target on Cognex from $42.00 to $38.00 and set a "neutral" rating for the company in a research note on Tuesday, February 18th. Needham & Company LLC dropped their price target on shares of Cognex from $41.00 to $33.00 and set a "buy" rating on the stock in a research note on Thursday. The Goldman Sachs Group cut their target price on shares of Cognex from $39.00 to $35.00 and set a "sell" rating for the company in a research note on Tuesday, February 18th. Finally, Truist Financial reduced their target price on shares of Cognex from $37.00 to $29.00 and set a "hold" rating on the stock in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $39.67.
Read Our Latest Analysis on CGNX
Cognex Trading Up 0.6 %
The stock has a market capitalization of $4.74 billion, a P/E ratio of 45.89 and a beta of 1.45. The company's 50-day moving average is $28.51 and its two-hundred day moving average is $34.91.
Cognex (NASDAQ:CGNX - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The scientific and technical instruments company reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.15 by ($0.01). Cognex had a net margin of 11.61% and a return on equity of 5.65%. Sell-side analysts expect that Cognex Co. will post 0.61 EPS for the current fiscal year.
Cognex Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th will be given a $0.08 dividend. The ex-dividend date is Thursday, May 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.14%. Cognex's dividend payout ratio is currently 47.06%.
Insider Activity
In other news, EVP Carl Gerst sold 6,803 shares of the business's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $32.73, for a total value of $222,662.19. Following the completion of the sale, the executive vice president now owns 4,566 shares of the company's stock, valued at approximately $149,445.18. The trade was a 59.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.60% of the stock is owned by corporate insiders.
Institutional Trading of Cognex
A number of hedge funds have recently added to or reduced their stakes in CGNX. SBI Securities Co. Ltd. acquired a new position in shares of Cognex in the 4th quarter worth approximately $29,000. Farther Finance Advisors LLC increased its position in shares of Cognex by 439.4% during the first quarter. Farther Finance Advisors LLC now owns 971 shares of the scientific and technical instruments company's stock valued at $29,000 after acquiring an additional 791 shares during the last quarter. SRS Capital Advisors Inc. raised its holdings in shares of 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 worth $32,000 after purchasing an additional 295 shares during the period. GAMMA Investing LLC boosted its position in Cognex by 155.3% during the first quarter. GAMMA Investing LLC now owns 1,062 shares of the scientific and technical instruments company's stock worth $32,000 after purchasing an additional 646 shares during the period. Finally, CBIZ Investment Advisory Services LLC boosted its stake in Cognex by 129.9% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 1,007 shares of the scientific and technical instruments company's stock worth $36,000 after purchasing an additional 569 shares during the period. Institutional investors and hedge funds own 88.12% of the company's stock.
Cognex Company Profile
(
Get Free Report)
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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