JB Capital LLC increased its holdings in shares of Cognex Co. (NASDAQ:CGNX – Free Report) by 13.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 36,094 shares of the scientific and technical instruments company’s stock after buying an additional 4,250 shares during the quarter. JB Capital LLC’s holdings in Cognex were worth $1,294,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of CGNX. Riverview Trust Co acquired a new position in Cognex during the 3rd quarter worth approximately $25,000. Advisors Asset Management Inc. grew its stake in shares of Cognex by 123.1% during the third quarter. Advisors Asset Management Inc. now owns 714 shares of the scientific and technical instruments company’s stock worth $29,000 after buying an additional 394 shares during the last quarter. Truvestments Capital LLC acquired a new position in shares of Cognex during the third quarter worth $36,000. Wilmington Savings Fund Society FSB bought a new position in shares of Cognex in the 3rd quarter valued at $40,000. Finally, Clean Yield Group increased its holdings in Cognex by 1,686.7% in the 4th quarter. Clean Yield Group now owns 1,072 shares of the scientific and technical instruments company’s stock worth $38,000 after purchasing an additional 1,012 shares in the last quarter. Institutional investors own 88.12% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the company. Truist Financial boosted their price target on Cognex from $42.00 to $43.00 and gave the stock a “hold” rating in a report on Thursday, January 16th. Citigroup cut their price target on shares of Cognex from $44.00 to $42.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. Stephens restated an “overweight” rating and issued a $55.00 price objective on shares of Cognex in a report on Thursday, January 2nd. Cantor Fitzgerald raised Cognex to a “strong-buy” rating in a report on Friday, December 20th. Finally, Needham & Company LLC lowered their price objective on Cognex from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $47.92.
Insider Buying and Selling at Cognex
In related news, Director Anthony Sun sold 26,000 shares of Cognex stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $40.03, for a total transaction of $1,040,780.00. Following the transaction, the director now owns 26,608 shares of the company’s stock, valued at $1,065,118.24. The trade was a 49.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CTO Joerg Kuechen sold 2,934 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $37.75, for a total transaction of $110,758.50. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.
Cognex Stock Up 0.5 %
NASDAQ CGNX opened at $39.90 on Monday. Cognex Co. has a 52 week low of $34.79 and a 52 week high of $53.13. The business has a 50 day moving average price of $38.14 and a 200-day moving average price of $39.76. The company has a market cap of $6.84 billion, a price-to-earnings ratio of 76.73 and a beta of 1.40.
Cognex Company Profile
Cognex Corporation provides machine vision products that capture and analyze visual information to automate manufacturing and distribution tasks worldwide. Its machine vision products are used to automate the manufacturing and tracking of discrete items, including mobile phones, electric vehicle batteries, and e-commerce packages by locating, identifying, inspecting, and measuring them during the manufacturing or distribution process.
Featured Stories
- Five stocks we like better than Cognex
- 3 Grocery Stocks That Are Proving They Are Still Essential
- Reshoring Riches: Investing in Made in America 2.0
- Conference Calls and Individual Investors
- 3 REITs to Watch as Interest Rates Keep Falling
- What is a SEC Filing?
- 3 Stocks to Gain From Trump’s Return-to-Office Mandate
Receive News & Ratings for Cognex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cognex and related companies with MarketBeat.com's FREE daily email newsletter.