Key Points
- Cognex VP Darren Marc Long sold 20,252 shares on May 27 at an average price of $66.34, totaling about $1.34 million. After the sale, he retained 3,990 shares, reducing his stake by 83.54%.
- The stock was trading slightly lower, opening at $66.01 and down 1.0% on the day. Cognex has traded between $29.22 and $71.90 over the past 12 months.
- Cognex reported strong quarterly results, beating earnings and revenue expectations with EPS of $0.34 on revenue of $268.44 million, up 24.3% year over year. The company also announced a quarterly dividend of $0.085 per share, yielding about 0.5%.
Cognex Corporation (NASDAQ:CGNX - Get Free Report) VP Darren Marc Long sold 20,252 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $66.34, for a total value of $1,343,517.68. Following the sale, the vice president owned 3,990 shares of the company's stock, valued at $264,696.60. This represents a 83.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Cognex Trading Down 1.0%
NASDAQ:CGNX opened at $66.01 on Friday. Cognex Corporation has a 12-month low of $29.22 and a 12-month high of $71.90. The stock has a 50-day moving average price of $56.65 and a 200 day moving average price of $47.39. The stock has a market capitalization of $10.99 billion, a P/E ratio of 78.58 and a beta of 1.48.
Cognex (NASDAQ:CGNX - Get Free Report) last released its earnings results on Wednesday, May 6th. The scientific and technical instruments company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.09. Cognex had a return on equity of 10.89% and a net margin of 13.62%.The firm had revenue of $268.44 million during the quarter, compared to analysts' expectations of $245.98 million. During the same quarter last year, the business posted $0.14 earnings per share. The firm's revenue was up 24.3% on a year-over-year basis. Cognex has set its Q2 2026 guidance at 0.400-0.440 EPS. On average, research analysts predict that Cognex Corporation will post 1.41 earnings per share for the current fiscal year.
Cognex Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 21st will be paid a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, May 21st. Cognex's dividend payout ratio (DPR) is presently 40.48%.
Analysts Set New Price Targets
CGNX has been the subject of several research analyst reports. Citigroup reaffirmed a "neutral" rating and set a $68.00 target price (up from $60.00) on shares of Cognex in a research note on Friday, May 8th. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $75.00 target price on shares of Cognex in a research note on Thursday, May 7th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Cognex in a research note on Thursday, February 12th. Zacks Research cut Cognex from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 14th. Finally, Barclays restated an "overweight" rating and set a $75.00 price target (up from $64.00) on shares of Cognex in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Cognex currently has an average rating of "Moderate Buy" and an average target price of $70.43.
Check Out Our Latest Report on CGNX
Hedge Funds Weigh In On Cognex
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Cognex by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 18,598,728 shares of the scientific and technical instruments company's stock worth $842,522,000 after buying an additional 374,999 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Cognex by 173,138.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 10,477,448 shares of the scientific and technical instruments company's stock worth $376,979,000 after buying an additional 10,471,400 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of Cognex by 0.9% in the 4th quarter. Nordea Investment Management AB now owns 8,101,583 shares of the scientific and technical instruments company's stock worth $292,224,000 after buying an additional 76,212 shares in the last quarter. Pictet Asset Management Holding SA grew its stake in shares of Cognex by 27.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 7,013,184 shares of the scientific and technical instruments company's stock worth $252,360,000 after buying an additional 1,529,010 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Cognex by 31.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,314,896 shares of the scientific and technical instruments company's stock worth $191,231,000 after buying an additional 1,258,629 shares in the last quarter. 88.12% of the stock is owned by hedge funds and other institutional investors.
About Cognex
(
Get Free Report)
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.
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