November 28, 2016 - By Ellis Scott
A calculated and well-grounded act was made by the director of Cognex Corp, Mr. Bruce J, a few days ago, when he unloaded amount of shares – 25,750, amounting to $1,569,463 U.S Dollars, based on a market stock price of $61.0 for share. Currently, Mr. Bruce, owns 1,875 shares, which accounts for 0.00% of the company’s market cap.
Out of 10 analysts covering Cognex Corporation (NASDAQ:CGNX), 4 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 40% are positive. $61 is the highest target while $33 is the lowest. The $48.68 average target is -18.73% below today’s ($59.9) stock price. Cognex Corporation has been the topic of 22 analyst reports since August 4, 2015 according to StockzIntelligence Inc. As per Wednesday, November 18, the company rating was upgraded by Canaccord Genuity. The rating was downgraded by CSLA on Thursday, March 24 to “Underperform”. The company was upgraded on Monday, November 7 by CLSA. Canaccord Genuity downgraded Cognex Corporation (NASDAQ:CGNX) on Tuesday, June 14 to “Hold” rating. Needham maintained Cognex Corporation (NASDAQ:CGNX) on Tuesday, November 1 with “Buy” rating. The rating was downgraded by Canaccord Genuity on Tuesday, August 4 to “Hold”. The stock has “Mkt Perform” rating given by FBR Capital on Wednesday, November 11. The firm has “Buy” rating given on Friday, September 18 by Nomura. Bernstein initiated the shares of CGNX in a report on Monday, June 6 with “Market Perform” rating. The company was maintained on Friday, April 1 by Canaccord Genuity.
Insitutional Activity: The institutional sentiment decreased to 1 in 2016 Q2. Its down 0.13, from 1.13 in 2016Q1. The ratio is negative, as 21 funds sold all Cognex Corporation shares owned while 81 reduced positions. 32 funds bought stakes while 83 increased positions. They now own 71.25 million shares or 14.59% less from 83.42 million shares in 2016Q1.
Blackrock Grp Ltd owns 56,180 shares or 0% of their US portfolio. Kennedy holds 0.31% of its portfolio in Cognex Corporation (NASDAQ:CGNX) for 359,595 shares. Moreover, Parkside Fin Comml Bank And Tru has 0.02% invested in Cognex Corporation (NASDAQ:CGNX) for 1,156 shares. Dynamic Capital Limited holds 29,174 shares or 0.15% of its portfolio. Whittier Of Nevada Incorporated owns 343 shares or 0% of their US portfolio. Advisory Service Networks Limited Liability Corp accumulated 225 shares or 0% of the stock. Credit Agricole S A, a France-based fund reported 3,079 shares. Moreover, Renaissance Tech Ltd Liability has 0.01% invested in Cognex Corporation (NASDAQ:CGNX) for 64,528 shares. Ftb Inc holds 0% or 589 shares in its portfolio. Profund Advsrs Limited Liability Corp holds 0.02% or 9,963 shares in its portfolio. Telemark Asset Management Lc has 250,000 shares for 2.48% of their US portfolio. Invesco Limited reported 1.31 million shares or 0.02% of all its holdings. The Virginia-based Bb&T Securities Limited Com has invested 0.01% in Cognex Corporation (NASDAQ:CGNX). Amer Gru Inc reported 163,934 shares or 0% of all its holdings. Bokf Na accumulated 8,851 shares or 0.01% of the stock.
Insider Transactions: Since August 3, 2016, the stock had 0 insider buys, and 11 selling transactions for $18.53 million net activity. The insider Willett Robert sold 125,000 shares worth $5.99M. KRANTZ THEODOR had sold 20,000 shares worth $1.00 million on Thursday, August 18. MORIN RICHARD sold $55,387 worth of Cognex Corporation (NASDAQ:CGNX) on Friday, August 19. $990,248 worth of Cognex Corporation (NASDAQ:CGNX) shares were sold by miller jeffrey benjamin. ALIAS PATRICK sold 7,500 shares worth $363,550.
About 135,861 shares traded hands. Cognex Corporation (NASDAQ:CGNX) has risen 62.30% since April 25, 2016 and is uptrending. It has outperformed by 56.29% the S&P500.
Cognex Corporation 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 has a market cap of $5.12 billion. 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. It has a 39.92 P/E ratio. The Company’s products include vision software, vision systems, vision sensors and ID products.
According to Zacks Investment Research, “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.”
Analysts await Cognex Corporation (NASDAQ:CGNX) to report earnings on February, 8. They expect $0.30 earnings per share, up 36.36% or $0.08 from last year’s $0.22 per share. CGNX’s profit will be $25.64M for 49.92 P/E if the $0.30 EPS becomes a reality. After $0.49 actual earnings per share reported by Cognex Corporation for the previous quarter, Wall Street now forecasts -38.78% negative EPS growth.
More notable recent Cognex Corporation (NASDAQ:CGNX) news were published by: Fool.com which released: “Cognex Corporation Does It Again” on August 02, 2016, also Fool.com with their article: “Cognex Corporation Soars After Strong Earnings” published on May 03, 2016, Fool.com published: “Cognex Corporation Repeats a Recurring Theme” on February 11, 2016. More interesting news about Cognex Corporation (NASDAQ:CGNX) were released by: Fool.com and their article: “3 Things to Look Out for When Cognex Corp. Reports Earnings” published on July 29, 2016 as well as Fool.com‘s news article titled: “3 Things to Look Out for When Cognex Corporation Reports Earnings” with publication date: April 26, 2016.
Cognex Corporation (Cognex), incorporated on January 7, 1981, is a well-known 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. The Company’s products include vision software, vision systems, vision sensors and ID products. The Company’s products range from vision sensors that are integrated, to personal computer (PC) systems for users. The Company’s products have a range of physical forms, depending upon the user’s need. Cognex sells its products through a direct sales force, as well as through a global network of integration and distribution partners. The Company’s service offerings include maintenance and support, consulting and training services.
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By Ellis Scott