Twinbeech Capital LP bought a new position in Cognex Co. (NASDAQ:CGNX - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 66,223 shares of the scientific and technical instruments company's stock, valued at approximately $2,375,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new stake in Cognex in the 4th quarter worth approximately $29,000. SRS Capital Advisors Inc. lifted 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 worth $32,000 after buying an additional 295 shares in the last quarter. CBIZ Investment Advisory Services LLC lifted its position 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 buying an additional 569 shares in the last quarter. Principal Securities Inc. lifted its position in Cognex by 50.2% in the 4th quarter. Principal Securities Inc. now owns 1,047 shares of the scientific and technical instruments company's stock worth $38,000 after buying an additional 350 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its position 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 worth $48,000 after buying an additional 317 shares in the last quarter. Hedge funds and other institutional investors own 88.12% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on CGNX. Robert W. Baird cut their price target on shares of Cognex from $42.00 to $38.00 and set a "neutral" rating on the stock in a report on Tuesday, February 18th. Needham & Company LLC decreased their price target on shares of Cognex from $41.00 to $33.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Cowen upgraded shares of Cognex from a "hold" rating to a "buy" rating in a research report on Monday, April 28th. Hsbc Global Res lowered shares of Cognex from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 21st. Finally, Truist Financial decreased their target price on shares of Cognex from $37.00 to $29.00 and set a "hold" rating on the stock in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $39.17.
Check Out Our Latest Stock Report on CGNX
Cognex Stock Performance
Shares of NASDAQ CGNX traded up $0.81 during trading on Tuesday, reaching $30.53. The company had a trading volume of 361,879 shares, compared to its average volume of 2,216,639. Cognex Co. has a 52 week low of $22.67 and a 52 week high of $53.13. The stock has a market cap of $5.12 billion, a PE ratio of 50.07 and a beta of 1.45. The business's 50 day moving average price is $27.86 and its 200-day moving average price is $33.77.
Cognex Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date is Thursday, May 15th. Cognex's dividend payout ratio is presently 47.06%.
Cognex Company Profile
(
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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