Voloridge Investment Management LLC Has $25.61 Million Stake in Cognex Co. (NASDAQ:CGNX)

Voloridge Investment Management LLC boosted its position in Cognex Co. (NASDAQ:CGNX - Free Report) by 100.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 714,045 shares of the scientific and technical instruments company's stock after purchasing an additional 357,365 shares during the period. Voloridge Investment Management LLC owned about 0.42% of Cognex worth $25,606,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. SBI Securities Co. Ltd. acquired a new stake in shares of Cognex in the fourth quarter valued at approximately $29,000. SRS Capital Advisors Inc. increased its holdings 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 acquiring an additional 295 shares during the last quarter. CBIZ Investment Advisory Services LLC raised 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 valued at $36,000 after acquiring an additional 569 shares during the period. Principal Securities Inc. lifted its holdings in Cognex by 50.2% during 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 purchasing an additional 350 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its position in Cognex by 30.8% during the fourth quarter. Global Retirement Partners LLC now owns 1,346 shares of the scientific and technical instruments company's stock worth $48,000 after purchasing an additional 317 shares during the period. Institutional investors own 88.12% of the company's stock.

Wall Street Analyst Weigh In

CGNX has been the topic of several research reports. Truist Financial decreased their price objective on shares of Cognex from $37.00 to $29.00 and set a "hold" rating on the stock in a report on Tuesday, April 8th. TD Cowen upgraded shares of Cognex from a "hold" rating to a "buy" rating and set a $35.00 price target on the stock in a research note on Monday, April 28th. DA Davidson lowered their price target on shares of Cognex from $35.00 to $32.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. Cowen raised Cognex from a "hold" rating to a "buy" rating in a report on Monday, April 28th. Finally, Citigroup reduced their price target on Cognex from $37.00 to $26.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. One equities research 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. According to MarketBeat, Cognex presently has a consensus rating of "Hold" and a consensus target price of $39.17.

Cognex Stock Down 0.6%

Shares of CGNX stock traded down $0.17 on Friday, reaching $29.72. The company had a trading volume of 2,310,420 shares, compared to its average volume of 1,577,909. The stock has a market capitalization of $4.99 billion, a PE ratio of 48.72 and a beta of 1.45. Cognex Co. has a one year low of $22.67 and a one year high of $53.13. The business's 50-day moving average is $27.89 and its 200 day moving average is $33.92.

Cognex Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th will be issued 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 1.08%. Cognex's dividend payout ratio (DPR) is currently 47.06%.

Insider Activity

In other Cognex news, EVP Carl Gerst sold 6,803 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $32.73, for a total transaction 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. This represents a 59.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by insiders.

Cognex Company 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.