Cognex Corporation (CGNX) Given Coverage Optimism Score of 0.22

Press coverage about Cognex Corporation (NASDAQ:CGNX) has trended somewhat positive on Friday, according to Accern. Accern rates the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cognex Corporation earned a news impact score of 0.22 on Accern’s scale. Accern also assigned media stories about the scientific and technical instruments company an impact score of 46.1605434675655 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the news articles that may have effected Accern Sentiment’s rankings:

Cognex Corporation (NASDAQ CGNX) traded up $0.37 on Friday, reaching $137.94. The company had a trading volume of 679,900 shares, compared to its average volume of 741,935. Cognex Corporation has a twelve month low of $57.42 and a twelve month high of $140.94. The company has a market cap of $12,030.00, a PE ratio of 50.76 and a beta of 1.48.

Cognex Corporation shares are scheduled to split on Monday, December 4th. The 2-1 split was announced on Monday, October 30th. The newly created shares will be distributed to shareholders after the market closes on Friday, December 1st.

Cognex Corporation (NASDAQ:CGNX) last posted its quarterly earnings data on Monday, October 30th. The scientific and technical instruments company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.09. The firm had revenue of $259.74 million for the quarter, compared to analysts’ expectations of $255.95 million. Cognex Corporation had a return on equity of 23.31% and a net margin of 34.77%. The company’s quarterly revenue was up 75.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.61 EPS. sell-side analysts predict that Cognex Corporation will post 2.77 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 17th will be given a dividend of $0.09 per share. This is a boost from Cognex Corporation’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $0.36 annualized dividend and a yield of 0.26%. Cognex Corporation’s dividend payout ratio (DPR) is presently 12.55%.

CGNX has been the subject of a number of recent research reports. Zacks Investment Research downgraded Cognex Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. BidaskClub raised Cognex Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 4th. J P Morgan Chase & Co downgraded Cognex Corporation from a “neutral” rating to an “underweight” rating and set a $125.00 price target for the company. in a research report on Wednesday, November 8th. Robert W. Baird upped their price target on Cognex Corporation from $100.00 to $124.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 31st. Finally, Canaccord Genuity upped their price objective on Cognex Corporation from $95.00 to $120.00 and gave the stock a “hold” rating in a research note on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Cognex Corporation presently has an average rating of “Buy” and an average target price of $106.88.

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In other news, CEO Robert Willett sold 8,241 shares of the stock in a transaction on 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 of the company’s stock, valued at approximately $849,564.69. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider John J. Curran sold 12,500 shares of the stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $132.60, for a total value of $1,657,500.00. Following the sale, the insider now directly owns 6,250 shares in the company, valued at $828,750. The disclosure for this sale can be found here. Insiders have sold a total of 158,991 shares of company stock worth $19,974,890 in the last quarter. Company insiders own 5.60% of the company’s stock.

Cognex Corporation Company Profile

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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