UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $16.74 Million Holdings in Cognex Co. (NASDAQ:CGNX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Cognex Co. (NASDAQ:CGNX - Free Report) by 24.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 466,889 shares of the scientific and technical instruments company's stock after acquiring an additional 90,640 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.27% of Cognex worth $16,743,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in Cognex in the fourth quarter valued at about $29,000. SRS Capital Advisors Inc. grew its position in shares of Cognex by 50.0% during 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 during the period. CBIZ Investment Advisory Services LLC increased its stake in shares of 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 valued at $36,000 after acquiring an additional 569 shares during the last quarter. Principal Securities Inc. increased its stake in shares of 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 valued at $38,000 after acquiring an additional 350 shares during the last quarter. Finally, Global Retirement Partners LLC raised its position in shares of 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 during the period. Institutional investors and hedge funds own 88.12% of the company's stock.

Analysts Set New Price Targets

CGNX has been the subject of a number of analyst reports. The Goldman Sachs Group decreased their price objective on shares of Cognex from $33.00 to $29.00 and set a "sell" rating for the company in a report on Tuesday, May 6th. Citigroup decreased their price target on shares of Cognex from $37.00 to $26.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Stephens restated an "overweight" rating and issued a $55.00 price objective on shares of Cognex in a research report on Wednesday, March 12th. Truist Financial dropped 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, Cowen upgraded Cognex from a "hold" rating to a "buy" rating in a report on Monday, April 28th. 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $39.17.

Cognex Price Performance

CGNX stock traded down $0.29 during trading hours on Monday, reaching $29.68. 1,475,977 shares of the stock were exchanged, compared to its average volume of 1,579,552. The firm's 50-day moving average is $27.76 and its 200-day moving average is $33.38. Cognex Co. has a 12 month low of $22.67 and a 12 month high of $53.13. The company has a market cap of $4.98 billion, a price-to-earnings ratio of 48.66 and a beta of 1.45.

Cognex Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.08%. Cognex's payout ratio is presently 47.06%.

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.