Cognex Corporation (NASDAQ:CGNX) CEO Robert Willett sold 8,241 shares of the business’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $103.09, for a total transaction of $849,564.69. Following the sale, the chief executive officer now directly owns 8,241 shares in the company, valued at approximately $849,564.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Robert Willett also recently made the following trade(s):

  • On Tuesday, August 15th, Robert Willett sold 66,759 shares of Cognex Corporation stock. The stock was sold at an average price of $104.58, for a total transaction of $6,981,656.22.
  • On Tuesday, August 8th, Robert Willett sold 25,000 shares of Cognex Corporation stock. The stock was sold at an average price of $103.37, for a total transaction of $2,584,250.00.

Cognex Corporation (NASDAQ CGNX) opened at 105.47 on Tuesday. Cognex Corporation has a 12 month low of $47.25 and a 12 month high of $110.69. The firm’s 50-day moving average is $97.23 and its 200-day moving average is $87.88. The firm has a market cap of $9.13 billion, a PE ratio of 48.18 and a beta of 1.43.

Cognex Corporation (NASDAQ:CGNX) last posted its earnings results on Monday, July 31st. The scientific and technical instruments company reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.08. The company had revenue of $172.90 million during the quarter, compared to analyst estimates of $169.79 million. Cognex Corporation had a return on equity of 19.51% and a net margin of 33.10%. The company’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.50 EPS. Equities analysts expect that Cognex Corporation will post $2.56 earnings per share for the current year.

Cognex Corporation declared that its Board of Directors has initiated a stock buyback plan on Monday, May 1st that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the scientific and technical instruments company to repurchase up to 1.4% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 18th will be given a dividend of $0.085 per share. The ex-dividend date is Wednesday, August 16th. This represents a $0.34 annualized dividend and a dividend yield of 0.32%. Cognex Corporation’s payout ratio is currently 15.60%.

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Several institutional investors have recently modified their holdings of the stock. Teachers Advisors LLC raised its position in shares of Cognex Corporation by 8.8% in the fourth quarter. Teachers Advisors LLC now owns 77,330 shares of the scientific and technical instruments company’s stock valued at $4,920,000 after buying an additional 6,261 shares in the last quarter. Retirement Systems of Alabama raised its position in shares of Cognex Corporation by 0.4% in the first quarter. Retirement Systems of Alabama now owns 111,094 shares of the scientific and technical instruments company’s stock valued at $9,326,000 after buying an additional 468 shares in the last quarter. Glen Harbor Capital Management LLC raised its position in shares of Cognex Corporation by 3.4% in the first quarter. Glen Harbor Capital Management LLC now owns 4,200 shares of the scientific and technical instruments company’s stock valued at $353,000 after buying an additional 140 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Cognex Corporation by 7.9% in the first quarter. Russell Investments Group Ltd. now owns 96,962 shares of the scientific and technical instruments company’s stock valued at $8,140,000 after buying an additional 7,059 shares in the last quarter. Finally, IFP Advisors Inc raised its position in shares of Cognex Corporation by 172.3% in the first quarter. IFP Advisors Inc now owns 1,307 shares of the scientific and technical instruments company’s stock valued at $110,000 after buying an additional 827 shares in the last quarter. Institutional investors and hedge funds own 87.30% of the company’s stock.

A number of equities analysts have issued reports on the stock. Cowen and Company restated an “outperform” rating and set a $135.00 target price (up previously from $100.00) on shares of Cognex Corporation in a research report on Tuesday, August 8th. BidaskClub upgraded shares of Cognex Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 4th. Canaccord Genuity restated a “hold” rating and set a $80.00 target price (up previously from $65.00) on shares of Cognex Corporation in a research report on Wednesday, May 3rd. Zacks Investment Research cut shares of Cognex Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, May 4th. Finally, Wolfe Research assumed coverage on shares of Cognex Corporation in a research report on Tuesday, July 11th. They set a “peer perform” rating for the company. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $82.75.

About Cognex Corporation

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 operates through the machine vision technology segment. 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.

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

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