Cognex Corporation (NASDAQ:CGNX – Get Free Report) VP Laura Ann Macdonald sold 98,122 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $66.80, for a total value of $6,554,549.60. Following the transaction, the vice president directly owned 5,258 shares of the company’s stock, valued at $351,234.40. The trade was a 94.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Laura Ann Macdonald also recently made the following trade(s):
- On Tuesday, May 12th, Laura Ann Macdonald sold 41,600 shares of Cognex stock. The stock was sold at an average price of $65.56, for a total value of $2,727,296.00.
- On Thursday, February 12th, Laura Ann Macdonald sold 14,881 shares of Cognex stock. The stock was sold at an average price of $57.16, for a total value of $850,597.96.
Cognex Price Performance
Shares of CGNX opened at $66.09 on Friday. The firm has a market cap of $11.00 billion, a P/E ratio of 78.68 and a beta of 1.48. The stock has a 50 day simple moving average of $53.75 and a two-hundred day simple moving average of $45.84. Cognex Corporation has a 1 year low of $29.00 and a 1 year high of $71.90.
Cognex Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 21st will be issued a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Thursday, May 21st. Cognex’s dividend payout ratio is currently 40.48%.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the company. State of Michigan Retirement System lifted its holdings in Cognex by 0.5% in the first quarter. State of Michigan Retirement System now owns 39,853 shares of the scientific and technical instruments company’s stock valued at $1,952,000 after acquiring an additional 200 shares during the period. Personal CFO Solutions LLC raised its stake in shares of Cognex by 3.2% in the first quarter. Personal CFO Solutions LLC now owns 6,793 shares of the scientific and technical instruments company’s stock worth $333,000 after buying an additional 212 shares during the period. World Investment Advisors raised its stake in shares of Cognex by 3.7% in the first quarter. World Investment Advisors now owns 6,073 shares of the scientific and technical instruments company’s stock worth $298,000 after buying an additional 214 shares during the period. Quadrant Capital Group LLC raised its stake in shares of Cognex by 1.0% in the fourth quarter. Quadrant Capital Group LLC now owns 22,907 shares of the scientific and technical instruments company’s stock worth $824,000 after buying an additional 234 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Cognex by 12.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,132 shares of the scientific and technical instruments company’s stock worth $68,000 after buying an additional 243 shares during the period. Institutional investors own 88.12% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on the company. DA Davidson set a $62.00 price objective on Cognex and gave the stock a “neutral” rating in a report on Thursday. Zacks Research downgraded Cognex from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. Wall Street Zen upgraded Cognex from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Truist Financial set a $61.00 price objective on Cognex and gave the stock a “hold” rating in a report on Friday, May 8th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $63.00 price objective on shares of Cognex in a report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.36.
Get Our Latest Stock Report on Cognex
Cognex Company Profile
Cognex Corporation is a leading provider of machine vision systems, software, sensors and industrial barcode readers used to automate manufacturing, logistics and distribution processes. The company designs and develops vision-based products that help manufacturers and logistics operators inspect, identify and guide parts, assemblies and packaged goods in real time. Its solutions are applied in a broad range of industries, including automotive, electronics, semiconductor, pharmaceutical, food and beverage, and general manufacturing.
The company’s product portfolio includes stand-alone vision systems, vision sensors and deep learning-based software platforms that enable automated inspection, quality control and traceability.
Further Reading
- Five stocks we like better than Cognex
- YETI Rallies After Earnings Beat and Raised Outlook
- How the 3 Leading Quantum Firms Stack Up After Q1 Earnings
- Cisco’s Vertical Rally May Still Be in the Early Innings
- Amazon vs. Alibaba: One Is Clearly The Better Value Play right Now
Receive News & Ratings for Cognex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cognex and related companies with MarketBeat.com's FREE daily email newsletter.
