SG Americas Securities LLC Has $24.43 Million Stock Holdings in Cognex Co. (NASDAQ:CGNX)

SG Americas Securities LLC increased its holdings in shares of Cognex Co. (NASDAQ:CGNX - Free Report) by 16,472.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 819,028 shares of the scientific and technical instruments company's stock after buying an additional 814,086 shares during the period. SG Americas Securities LLC owned 0.48% of Cognex worth $24,432,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CGNX. SBI Securities Co. Ltd. bought a new stake in shares of Cognex during the fourth quarter worth approximately $29,000. Farther Finance Advisors LLC raised its stake 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 worth $29,000 after buying an additional 791 shares during the last quarter. SRS Capital Advisors Inc. raised its stake in shares of Cognex by 50.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 885 shares of the scientific and technical instruments company's stock worth $32,000 after buying an additional 295 shares during the last quarter. GAMMA Investing LLC increased its stake in Cognex by 155.3% in the first quarter. GAMMA Investing LLC now owns 1,062 shares of the scientific and technical instruments company's stock valued at $32,000 after purchasing an additional 646 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC increased its stake in Cognex by 129.9% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 1,007 shares of the scientific and technical instruments company's stock valued at $36,000 after purchasing an additional 569 shares in the last quarter. 88.12% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CGNX has been the subject of several recent analyst reports. Needham & Company LLC upped their target price on shares of Cognex from $33.00 to $36.00 and gave the company a "buy" rating in a research note on Wednesday. Truist Financial lowered their target price on shares of Cognex from $37.00 to $29.00 and set a "hold" rating for the company in a research note on Tuesday, April 8th. TD Cowen raised shares of Cognex from a "hold" rating to a "buy" rating and set a $35.00 target price for the company in a research note on Monday, April 28th. Cowen raised shares of Cognex from a "hold" rating to a "buy" rating in a research note on Monday, April 28th. Finally, HSBC downgraded shares of Cognex from a "buy" rating to a "hold" rating and set a $33.00 target price for the company. in a research note on Friday, February 21st. 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 stock. According to MarketBeat, Cognex currently has an average rating of "Hold" and an average price target of $39.67.

Cognex Stock Down 1.5%

CGNX traded down $0.45 during trading hours on Friday, hitting $30.15. 2,224,182 shares of the company's stock were exchanged, compared to its average volume of 1,610,786. Cognex Co. has a 1-year low of $22.67 and a 1-year high of $53.13. The stock's 50-day moving average is $28.25 and its two-hundred day moving average is $32.85. The stock has a market cap of $5.06 billion, a price-to-earnings ratio of 49.43 and a beta of 1.47.

Cognex Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date was Thursday, May 15th. Cognex's dividend payout ratio is currently 47.06%.

Cognex Profile

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.