Wealth Enhancement Advisory Services LLC lowered its stake in shares of Cognex Corporation (NASDAQ:CGNX - Free Report) by 44.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,067 shares of the scientific and technical instruments company's stock after selling 12,777 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Cognex were worth $479,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new stake in shares of Cognex during the 4th quarter worth approximately $29,000. SRS Capital Advisors Inc. boosted its holdings 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 during the period. Farther Finance Advisors LLC boosted its holdings in Cognex by 439.4% in the 1st 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 period. CBIZ Investment Advisory Services LLC boosted its holdings 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 during the period. Finally, GAMMA Investing LLC boosted its holdings in Cognex by 155.3% in the 1st quarter. GAMMA Investing LLC now owns 1,062 shares of the scientific and technical instruments company's stock worth $32,000 after buying an additional 646 shares during the period. Hedge funds and other institutional investors own 88.12% of the company's stock.
Cognex Trading Up 4.0%
Shares of CGNX stock traded up $1.28 during mid-day trading on Tuesday, reaching $33.13. The stock had a trading volume of 1,725,614 shares, compared to its average volume of 1,640,088. The stock's 50-day moving average price is $30.46 and its two-hundred day moving average price is $32.06. Cognex Corporation has a 52-week low of $22.67 and a 52-week high of $53.13. The firm has a market capitalization of $5.56 billion, a PE ratio of 48.72 and a beta of 1.47.
Cognex Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend was Thursday, May 15th. Cognex's payout ratio is currently 47.06%.
Analysts Set New Price Targets
Several research firms recently commented on CGNX. TD Cowen raised shares of Cognex from a "hold" rating to a "buy" rating and set a $35.00 price objective for the company in a report on Monday, April 28th. Truist Financial cut their price target on shares of Cognex from $37.00 to $29.00 and set a "hold" rating for the company in a report on Tuesday, April 8th. Citigroup decreased their price target on shares of Cognex from $37.00 to $26.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Needham & Company LLC upped their price target on shares of Cognex from $33.00 to $36.00 and gave the stock a "buy" rating in a report on Wednesday, June 11th. Finally, DA Davidson reaffirmed a "neutral" rating and issued a $32.00 price target on shares of Cognex in a report on Monday, June 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Cognex has an average rating of "Hold" and an average target price of $39.17.
Check Out Our Latest Stock Analysis on CGNX
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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