Cognex Corp. (NASDAQ:CGNX) CEO Robert Willett sold 100,000 shares of the firm’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $55.69, for a total value of $5,569,000.00. Following the completion of the sale, the chief executive officer now owns 50,000 shares of the company’s stock, valued at $2,784,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Cognex Corp. (NASDAQ:CGNX) opened at 58.48 on Wednesday. Cognex Corp. has a 52-week low of $28.01 and a 52-week high of $58.83. The stock’s 50 day moving average price is $52.80 and its 200 day moving average price is $47.13. The firm has a market capitalization of $5.01 billion, a price-to-earnings ratio of 38.86 and a beta of 1.32.

Cognex Corp. (NASDAQ:CGNX) last released its earnings results on Monday, October 31st. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.13. The firm earned $147.95 million during the quarter, compared to the consensus estimate of $50.93 million. Cognex Corp. had a return on equity of 13.67% and a net margin of 26.59%. The company’s revenue was up 37.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.19 EPS. On average, equities analysts anticipate that Cognex Corp. will post $1.57 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Cognex Corp. (NASDAQ:CGNX)

The business also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Friday, December 2nd will be given a dividend of $0.075 per share. The ex-dividend date is Wednesday, November 30th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.51%. Cognex Corp.’s payout ratio is 20.13%.

Several hedge funds have recently added to or reduced their stakes in CGNX. BlackRock Group LTD increased its stake in shares of Cognex Corp. by 10.2% in the first quarter. BlackRock Group LTD now owns 55,664 shares of the company’s stock valued at $2,168,000 after buying an additional 5,164 shares in the last quarter. State Street Corp increased its stake in shares of Cognex Corp. by 0.5% in the first quarter. State Street Corp now owns 2,150,547 shares of the company’s stock valued at $83,765,000 after buying an additional 9,905 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Cognex Corp. by 161.9% in the first quarter. Goldman Sachs Group Inc. now owns 132,174 shares of the company’s stock valued at $5,148,000 after buying an additional 81,699 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Cognex Corp. by 4.2% in the first quarter. Geode Capital Management LLC now owns 538,061 shares of the company’s stock valued at $20,957,000 after buying an additional 21,929 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. increased its stake in shares of Cognex Corp. by 96.5% in the first quarter. Adage Capital Partners GP L.L.C. now owns 393,027 shares of the company’s stock valued at $15,308,000 after buying an additional 193,027 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

A number of analysts have recently weighed in on CGNX shares. Needham & Company LLC raised their target price on Cognex Corp. from $42.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, August 2nd. Credit Agricole SA raised their target price on Cognex Corp. from $37.00 to $55.00 and gave the company an “underperform” rating in a research note on Tuesday, August 2nd. Canaccord Genuity raised their target price on Cognex Corp. from $45.00 to $49.00 and gave the company a “hold” rating in a research note on Tuesday, August 2nd. Zacks Investment Research lowered Cognex Corp. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 19th. Finally, Stephens started coverage on Cognex Corp. in a research note on Tuesday, October 25th. They issued an “equal weight” rating and a $50.00 target price for the company. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Cognex Corp. currently has an average rating of “Buy” and a consensus price target of $49.11.

Cognex Corp. Company Profile

Cognex Corporation (Cognex) is a provider of machine vision products that capture and analyze visual information in order to automate tasks, primarily in manufacturing processes, where vision is required. The Company’s machine vision products are used to automate the manufacture and tracking of discrete items, such as mobile phones, aspirin bottles and automobile tires, by locating, identifying, inspecting and measuring them during the manufacturing or distribution process.

5 Day Chart for NASDAQ:CGNX

Receive News & Stock Ratings for Cognex Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cognex Corp. and related stocks with our FREE daily email newsletter.