Cognex Corporation (NASDAQ:CGNX) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $117.38 and last traded at $117.50, with a volume of 556,676 shares traded. The stock had previously closed at $116.39.

Several equities research analysts have recently issued reports on CGNX shares. Cowen and Company reissued a “buy” rating and issued a $100.00 price objective on shares of Cognex Corporation in a research report on Tuesday, July 11th. BidaskClub lowered shares of Cognex Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 30th. Wolfe Research raised shares of Cognex Corporation from a “market perform” rating to an “outperform” rating in a research report on Monday, August 14th. Finally, Zacks Investment Research lowered shares of Cognex Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $82.75.

The firm’s 50-day moving average is $109.80 and its 200 day moving average is $95.50. The stock has a market capitalization of $10.17 billion, a price-to-earnings ratio of 53.69 and a beta of 1.42.

Cognex Corporation (NASDAQ:CGNX) last released its quarterly earnings results on Monday, July 31st. The scientific and technical instruments company reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.08. Cognex Corporation had a net margin of 33.10% and a return on equity of 19.51%. The company had revenue of $172.90 million for the quarter, compared to analyst estimates of $169.79 million. During the same quarter last year, the firm posted $0.50 earnings per share. The company’s quarterly revenue was up 17.4% compared to the same quarter last year. Analysts anticipate that Cognex Corporation will post $2.55 EPS for the current fiscal year.

In other news, Director Patrick Alias sold 5,000 shares of Cognex Corporation stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $111.31, for a total value of $556,550.00. Following the transaction, the director now owns 5,000 shares of the company’s stock, valued at $556,550. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Bruce Robinson J sold 7,000 shares of Cognex Corporation stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $106.50, for a total transaction of $745,500.00. Following the completion of the transaction, the director now directly owns 5,625 shares in the company, valued at approximately $599,062.50. The disclosure for this sale can be found here. In the last three months, insiders sold 126,750 shares of company stock worth $13,242,726. Insiders own 5.60% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. AHL Partners LLP raised its position in shares of Cognex Corporation by 0.8% in the second quarter. AHL Partners LLP now owns 2,842 shares of the scientific and technical instruments company’s stock valued at $241,000 after purchasing an additional 23 shares during the period. Bronfman E.L. Rothschild L.P. raised its position in shares of Cognex Corporation by 2.4% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,999 shares of the scientific and technical instruments company’s stock valued at $170,000 after purchasing an additional 47 shares during the period. Sawtooth Solutions LLC raised its position in shares of Cognex Corporation by 1.3% in the second quarter. Sawtooth Solutions LLC now owns 4,009 shares of the scientific and technical instruments company’s stock valued at $340,000 after purchasing an additional 51 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Cognex Corporation by 0.6% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,645 shares of the scientific and technical instruments company’s stock valued at $1,074,000 after purchasing an additional 75 shares during the period. Finally, BB&T Corp raised its position in shares of Cognex Corporation by 2.0% in the second quarter. BB&T Corp now owns 4,661 shares of the scientific and technical instruments company’s stock valued at $395,000 after purchasing an additional 92 shares during the period. 87.25% of the stock is currently owned by institutional investors.

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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.

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