A number of research firms have changed their ratings and price targets for Cognex Corporation (NASDAQ: CGNX):

  • 8/8/2017 – Cognex Corporation had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $135.00 price target on the stock, up previously from $100.00.
  • 8/4/2017 – Cognex Corporation was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 8/2/2017 – Cognex Corporation had its price target raised by analysts at Cowen and Company from $100.00 to $135.00. They now have an “outperform” rating on the stock.
  • 8/2/2017 – Cognex Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $118.00 price target on the stock. According to Zacks, “Cognex Corp. designs, develops, manufactures, and markets machine vision systems that are used to automate a wide range of manufacturing processes where vision is required. Cognex machine vision systems consist of two primary elements: a computer, which serves as a machine vision engine, and software that processes and analyzes images. When connected to a video camera, the machine vision system captures images and extracts information, which determines appropriate action for other equipment in the manufacturing process. “
  • 7/17/2017 – Cognex Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Cognex Corp. designs, develops, manufactures, and markets machine vision systems that are used to automate a wide range of manufacturing processes where vision is required. Cognex machine vision systems consist of two primary elements: a computer, which serves as a machine vision engine, and software that processes and analyzes images. When connected to a video camera, the machine vision system captures images and extracts information, which determines appropriate action for other equipment in the manufacturing process. “
  • 7/11/2017 – Cognex Corporation had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $100.00 price target on the stock.
  • 7/11/2017 – Cognex Corporation is now covered by analysts at Wolfe Research. They set a “peer perform” rating on the stock.
  • 7/4/2017 – Cognex Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $95.00 price target on the stock. According to Zacks, “Cognex Corp. designs, develops, manufactures, and markets machine vision systems that are used to automate a wide range of manufacturing processes where vision is required. Cognex machine vision systems consist of two primary elements: a computer, which serves as a machine vision engine, and software that processes and analyzes images. When connected to a video camera, the machine vision system captures images and extracts information, which determines appropriate action for other equipment in the manufacturing process. “
  • 6/30/2017 – Cognex Corporation was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.

Cognex Corporation (CGNX) opened at 99.82 on Friday. The company has a market capitalization of $8.64 billion, a price-to-earnings ratio of 45.60 and a beta of 1.43. The company’s 50-day moving average price is $93.01 and its 200 day moving average price is $85.12. Cognex Corporation has a 52-week low of $47.25 and a 52-week high of $110.69.

Cognex Corporation (NASDAQ:CGNX) last issued its quarterly earnings data on Monday, July 31st. The scientific and technical instruments company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.08. Cognex Corporation had a return on equity of 19.51% and a net margin of 33.10%. The business had revenue of $172.90 million for the quarter, compared to the consensus estimate of $169.79 million. During the same period in the prior year, the business posted $0.50 earnings per share. The company’s quarterly revenue was up 17.4% compared to the same quarter last year. On average, equities analysts expect that Cognex Corporation will post $2.56 EPS for the current fiscal year.

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

In other news, Director Theodor Krantz sold 7,500 shares of the stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $96.09, for a total value of $720,675.00. Following the sale, the director now directly owns 26,250 shares in the company, valued at $2,522,362.50. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jerry A. Schneider sold 5,000 shares of the stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $102.67, for a total value of $513,350.00. Following the completion of the sale, the director now owns 6,000 shares in the company, valued at $616,020. The disclosure for this sale can be found here. Over the last quarter, insiders sold 93,419 shares of company stock worth $8,947,725. Company insiders own 5.60% of the company’s stock.

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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