2 weeks Ago By Defense World Staff
JPMorgan Chase & Co. lowered its holdings in Cognex Co. ( NASDAQ:CGNX – Free Report ) by 22.
0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,391,851 shares of the scientific and technical instruments company’s stock after selling 392,388 shares during the quarter. JPMorgan Chase & Co.
owned 0.81% of Cognex worth $49,912,000 at the end of the most recent quarter. Several other institutional investors also recently added to or reduced their stakes in the business.
Verition Fund Management LLC bought a new stake in shares of Cognex in the 3rd quarter worth approximately $306,000. Quantinno Capital Management LP acquired a new position in shares of Cognex in the third quarter valued at $342,000. Stifel Financial Corp boosted its stake in Cognex by 23.
8% during the third quarter. Stifel Financial Corp now owns 71,002 shares of the scientific and technical instruments company’s stock worth $2,876,000 after buying an additional 13,643 shares in the last quarter. State Street Corp boosted its stake in Cognex by 0.
8% during the third quarter. State Street Corp now owns 5,190,365 shares of the scientific and technical instruments company’s stock worth $210,210,000 after buying an additional 42,882 shares in the last quarter. Finally, Weiss Asset Management LP acquired a new position in shares of Cognex in the 3rd quarter valued at $1,256,000.
88.12% of the stock is owned by institutional investors. Analyst Ratings Changes A number of analysts recently weighed in on CGNX shares.
Hsbc Global Res cut shares of Cognex from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 21st. The Goldman Sachs Group lowered their price objective on Cognex from $39.00 to $35.
00 and set a “sell” rating on the stock in a research note on Tuesday, February 18th. UBS Group cut their target price on Cognex from $58.00 to $56.
00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Needham & Company LLC lowered their price target on Cognex from $47.00 to $41.
00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Finally, Truist Financial reissued a “hold” rating and set a $37.00 price objective (down from $43.
00) on shares of Cognex in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.
com, Cognex currently has a consensus rating of “Hold” and a consensus price target of $44.83. Cognex Trading Down 7.
6 % Shares of NASDAQ CGNX opened at $24.95 on Friday. Cognex Co.
has a 1-year low of $24.48 and a 1-year high of $53.13.
The company has a 50-day moving average of $33.65 and a two-hundred day moving average of $37.15.
The company has a market cap of $4.23 billion, a PE ratio of 40.90 and a beta of 1.
56. Cognex ( NASDAQ:CGNX – Get Free Report ) last posted its quarterly earnings data on Wednesday, February 12th. The scientific and technical instruments company reported $0.
14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.01).
Cognex had a return on equity of 5.65% and a net margin of 11.61%.
As a group, equities research analysts forecast that Cognex Co. will post 0.61 earnings per share for the current year.
Cognex Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were given a $0.08 dividend.
The ex-dividend date was Thursday, February 27th. This represents a $0.32 dividend on an annualized basis and a yield of 1.
28%. Cognex’s payout ratio is 52.46%.
Insiders Place Their Bets In other Cognex news, EVP Carl Gerst sold 6,803 shares of the company’s stock in a transaction 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 in the company, valued at approximately $149,445.18.
The trade was a 59.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink .
Company insiders own 1.60% of the company’s stock. About Cognex ( 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. Featured Articles Five stocks we like better than Cognex Stock Market Holidays 2022-2025 – Here’s When the NYSE and NASDAQ Will be Closed Conagra Stock Could Thrive as Tariffs Hit Other Sectors What is the Nasdaq? Complete Overview with History Grocery Costs and Tariffs Now Top of Mind in Everyday Conversations, New Survey Finds Find and Profitably Trade Stocks at 52-Week Lows Spotify Stock Eyes Double-Digit Upside—Is Now the Time to Buy? 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 .
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