13,214 Shares in Cognex Corporation (NASDAQ:CGNX) Purchased by Caliber Wealth Management LLC KS

Key Points

• Caliber Wealth Management LLC invested $394,000 in Cognex Corporation, acquiring 13,214 shares during the 1st quarter.
• Cognex recently announced a quarterly dividend of $0.08 per share, representing an annualized yield of 0.94%.
• Wall Street analysts have mixed ratings on Cognex, with a consensus rating of "Hold" and an average target price of $40.25.

Caliber Wealth Management LLC KS purchased a new stake in Cognex Corporation (NASDAQ:CGNX - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 13,214 shares of the scientific and technical instruments company's stock, valued at approximately $394,000.

Several other institutional investors have also bought and sold shares of CGNX. Vanguard Group Inc. boosted its position in shares of Cognex by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 18,479,828 shares of the scientific and technical instruments company's stock worth $662,687,000 after buying an additional 296,251 shares during the period. Pictet Asset Management Holding SA boosted its position in Cognex by 13.7% during the fourth quarter. Pictet Asset Management Holding SA now owns 3,820,394 shares of the scientific and technical instruments company's stock valued at $136,999,000 after purchasing an additional 461,724 shares during the last quarter. Lazard Asset Management LLC raised its stake in Cognex by 1.1% in the fourth quarter. Lazard Asset Management LLC now owns 2,256,640 shares of the scientific and technical instruments company's stock valued at $80,923,000 after buying an additional 25,492 shares during the period. Bank of New York Mellon Corp raised its stake in Cognex by 1.9% in the first quarter. Bank of New York Mellon Corp now owns 2,131,538 shares of the scientific and technical instruments company's stock valued at $63,584,000 after buying an additional 38,857 shares during the period. Finally, Mackenzie Financial Corp raised its stake in Cognex by 9.5% in the fourth quarter. Mackenzie Financial Corp now owns 2,038,345 shares of the scientific and technical instruments company's stock valued at $73,095,000 after buying an additional 177,324 shares during the period. Institutional investors and hedge funds own 88.12% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CGNX. Citigroup restated a "neutral" rating and issued a $37.00 price objective (up previously from $30.00) on shares of Cognex in a research note on Monday, July 14th. The Goldman Sachs Group increased their target price on Cognex from $29.00 to $32.00 and gave the stock a "sell" rating in a research note on Thursday, June 12th. UBS Group lowered their price objective on Cognex from $56.00 to $53.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Truist Financial lowered their price objective on Cognex from $37.00 to $29.00 and set a "hold" rating on the stock in a research note on Tuesday, April 8th. Finally, Needham & Company LLC raised their price objective on Cognex from $33.00 to $36.00 and gave the stock a "buy" rating in a research note on Wednesday, June 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Cognex currently has an average rating of "Hold" and a consensus target price of $40.25.

Cognex Trading Up 1.5%

Shares of CGNX stock traded up $0.50 during trading on Wednesday, hitting $34.76. The company's stock had a trading volume of 340,594 shares, compared to its average volume of 2,047,972. The company has a market cap of $5.84 billion, a PE ratio of 51.03 and a beta of 1.47. The business has a fifty day moving average of $31.73 and a 200-day moving average of $31.80. Cognex Corporation has a 52 week low of $22.67 and a 52 week high of $50.34.

About Cognex

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.