Cognex (NASDAQ:CGNX) Insider Mark Fennell Sells 64,873 Shares

Cognex Corporation (NASDAQ:CGNX) insider Mark Fennell sold 64,873 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $67.05, for a total value of $4,349,734.65. Following the completion of the transaction, the insider directly owned 11,263 shares in the company, valued at $755,184.15. The trade was a 85.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Cognex Stock Down 2.3%

NASDAQ:CGNX traded down $1.58 on Tuesday, hitting $65.68. The stock had a trading volume of 2,359,419 shares, compared to its average volume of 2,228,531. The stock has a market cap of $10.93 billion, a price-to-earnings ratio of 78.19 and a beta of 1.48. The business’s 50-day simple moving average is $53.08 and its two-hundred day simple moving average is $45.47. Cognex Corporation has a 52-week low of $29.00 and a 52-week high of $71.90.

Cognex (NASDAQ:CGNX) last posted its quarterly earnings data on Wednesday, May 6th. The scientific and technical instruments company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.09. Cognex had a return on equity of 10.89% and a net margin of 13.62%.The firm had revenue of $268.44 million for the quarter, compared to analysts’ expectations of $245.98 million. During the same period in the previous year, the firm earned $0.14 EPS. The business’s quarterly revenue was up 24.3% on a year-over-year basis. Cognex has set its Q2 2026 guidance at 0.400-0.440 EPS. As a group, equities research analysts anticipate that Cognex Corporation will post 0.97 EPS for the current year.

Cognex Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st will be given a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, May 21st. Cognex’s payout ratio is presently 40.48%.

Wall Street Analyst Weigh In

CGNX has been the topic of a number of analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $63.00 price objective on shares of Cognex in a research report on Friday, February 13th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Cognex in a research report on Thursday, February 12th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $75.00 price objective on shares of Cognex in a research report on Thursday, May 7th. KeyCorp reaffirmed an “overweight” rating and set a $70.00 price objective (up from $50.00) on shares of Cognex in a research report on Friday, February 13th. Finally, DA Davidson set a $55.00 target price on Cognex and gave the company a “neutral” rating in a research note on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Cognex has a consensus rating of “Moderate Buy” and an average target price of $68.86.

Institutional Trading of Cognex

Several institutional investors and hedge funds have recently added to or reduced their stakes in CGNX. Quent Capital LLC bought a new stake in Cognex during the 3rd quarter valued at approximately $26,000. REAP Financial Group LLC bought a new stake in Cognex during the 3rd quarter valued at approximately $27,000. Geneos Wealth Management Inc. raised its stake in Cognex by 402.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 919 shares of the scientific and technical instruments company’s stock valued at $27,000 after purchasing an additional 736 shares during the period. CIBC Private Wealth Group LLC raised its stake in Cognex by 74.8% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 764 shares of the scientific and technical instruments company’s stock valued at $35,000 after purchasing an additional 327 shares during the period. Finally, Cassaday & Co Wealth Management LLC bought a new stake in Cognex during the 1st quarter valued at approximately $36,000. Institutional investors own 88.12% of the company’s stock.

Cognex Company Profile

Cognex Corporation is a leading provider of machine vision systems, software, sensors and industrial barcode readers used to automate manufacturing, logistics and distribution processes. The company designs and develops vision-based products that help manufacturers and logistics operators inspect, identify and guide parts, assemblies and packaged goods in real time. Its solutions are applied in a broad range of industries, including automotive, electronics, semiconductor, pharmaceutical, food and beverage, and general manufacturing.

The company’s product portfolio includes stand-alone vision systems, vision sensors and deep learning-based software platforms that enable automated inspection, quality control and traceability.