Trading Report: Today, Cognex Corp. (CGNX) To Go Ex-Dividend on November 30th

Today, Cognex Corp. (CGNX) To Go Ex-Dividend on November 30th

Cognex Corp. (NASDAQ:CGNX) declared a quarterly dividend on Monday, October 31st. Shareholders of record on Friday, December 2nd will be given a dividend of 0.075 per share on Friday, December 16th. This represents a $0.30 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date is Wednesday, November 30th.

Cognex Corp. (NASDAQ:CGNX) opened at 60.02 on Tuesday. The company has a market cap of $5.14 billion, a PE ratio of 39.88 and a beta of 1.32. Cognex Corp. has a 52-week low of $28.01 and a 52-week high of $61.50. The firm has a 50-day moving average price of $54.54 and a 200-day moving average price of $48.34.

Cognex Corp. (NASDAQ:CGNX) last posted its quarterly earnings data on Monday, October 31st. The company reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.13. Cognex Corp. had a return on equity of 13.67% and a net margin of 26.59%. The business had revenue of $147.95 million for the quarter, compared to analysts’ expectations of $50.93 million. During the same quarter in the previous year, the firm earned $1.19 earnings per share. The business’s revenue was up 37.5% on a year-over-year basis. On average, analysts forecast that Cognex Corp. will post $1.57 EPS for the current year.

In related news, Director Bruce Robinson J sold 25,750 shares of the stock in a transaction dated Friday, November 25th. The stock was sold at an average price of $60.95, for a total transaction of $1,569,462.50. Following the sale, the director now owns 16,875 shares of the company’s stock, valued at approximately $1,028,531.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Patrick Alias sold 10,000 shares of the stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of $54.07, for a total value of $540,700.00. Following the sale, the director now directly owns 10,000 shares in the company, valued at approximately $540,700. The disclosure for this sale can be found here. Corporate insiders own 6.40% of the company’s stock.

A number of hedge funds have recently modified their holdings of CGNX. JPMorgan Chase & Co. boosted its stake in shares of Cognex Corp. by 2.8% in the second quarter. JPMorgan Chase & Co. now owns 5,798 shares of the company’s stock worth $250,000 after buying an additional 156 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Cognex Corp. by 11.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,058 shares of the company’s stock worth $162,000 after buying an additional 318 shares during the period. BlackRock Group LTD boosted its stake in shares of Cognex Corp. by 0.9% in the second quarter. BlackRock Group LTD now owns 56,180 shares of the company’s stock worth $2,421,000 after buying an additional 516 shares during the period. Ameritas Investment Partners Inc. boosted its stake in shares of Cognex Corp. by 5.2% in the second quarter. Ameritas Investment Partners Inc. now owns 13,448 shares of the company’s stock worth $580,000 after buying an additional 668 shares during the period. Finally, Comerica Bank boosted its stake in shares of Cognex Corp. by 0.9% in the second quarter. Comerica Bank now owns 92,290 shares of the company’s stock worth $4,562,000 after buying an additional 791 shares during the period. 91.82% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently commented on CGNX. Needham & Company LLC upped their price target on Cognex Corp. from $42.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, August 2nd. upped their price target on Cognex Corp. from $37.00 to $55.00 and gave the company an “underperform” rating in a research report on Tuesday, August 2nd. Zacks Investment Research raised Cognex Corp. from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research report on Wednesday, November 2nd. Canaccord Genuity upped their price target on Cognex Corp. from $45.00 to $49.00 and gave the company a “hold” rating in a research report on Tuesday, August 2nd. Finally, Stephens began coverage on Cognex Corp. in a research report on Tuesday, October 25th. They set an “equal weight” rating and a $50.00 price target on the stock. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Cognex Corp. currently has an average rating of “Buy” and an average target price of $49.11.

Cognex Corp. Company Profile

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