Company shares are trading at $122.68 which is marginally higher than $114.16, the stock’s 50 day moving average and impressively higher than the 200 day moving average of $98.18. The 50 day moving average moved up $8.52 and the 200 day average went up $24.50 or +24.95%. Trading was light with 513K shares changing hands on Tuesday. Overall, volume was down 26.34% under the stocks normal daily volume.
Traders are more bullish on Cognex Corporation of late as evidenced by the motion in short interest. The company realized a fall in short interest of -15.58% between September 15, 2017 and September 29, 2017. Short interest decreased from 2,518,177 to 2,125,968 over that timeframe. The short-interest ratio decreased to 4.0 and the percentage of shorted shares is 0.02% as of September 29.
Cognex Corporation (NASDAQ:CGNX) has been the object of insider selling activity recently. Director Patrick Alias let go of 5,000 shares at an average price of $111.31 on Tue the 12th. The Director now owns $0 of the stock as reported to the SEC. Bruce Robinson J., Director reported the sale of 7,000 shares. The shares were purchased at an average price of $106.50. J. now owns $199,688 of the stock per the Form 4 SEC filing.
CEO& President Robert Willett disclosed the sale of 8,241 shares of (CGNX). The shares were sold on August 25th for an average price of $103.09. The CEO& President now owns $0 of the stock according to the SEC filing.
Additionally, here are a few investment firms who have increased or decreased their stake in (CGNX). As of the end of the quarter Denali Advisors LLC had disposed of a total of 14,700 shares trimming its holdings by 16.0%. The value of the investment in Cognex Corporation went from $7,802,000 to $8,514,000 a change of 9.1% since the last quarter. Shell Asset Management CO reduced its ownership by selling 514 shares a decrease of 0.6% in the quarter. Shell Asset Management CO currently owns 87,866 shares valued at $9,690,000. The total value of its holdings increased 29.1%.
As of quarter end Financial Architects, Inc had sold 474 shares trimming its position 70.3%. The value of the investment in (CGNX) decreased from $57,000 to $22,000 a change of $35,000 quarter to quarter. As of the end of the quarter American Capital Management Inc had disposed of 30,547 shares trimming its stake by 3.1%. The value of the total investment in Cognex Corporation increased from $83,171,000 to $104,666,000 increasing 25.8% quarter over quarter.
On July 11, 2017 Wolfe Research began coverage of the stock with a rating of “Peer Perform”.
The company is now up by 0.20% percent from yesterday’s close. The company recently announced a dividend for shareholders which was paid on Friday September 1st, 2017. The dividend was $0.085 per share for the quarter or $0.34 on an annualized basis. The dividend yield was $0.28. The ex-dividend date was set for Wednesday the 16th of August 2017.
The P/E ratio is currently 56.04 and market capitalization is 10.62B. In the last earnings report the EPS was $2.19 and is estimated to be $2.56 for the current year with 86,572,000 shares outstanding. Next quarter’s EPS is forecasted to be $0.44 and the next full year EPS is anticipated to be $2.63.
Cognex Corporation (Cognex), launched on January 7, 1981, 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 Business’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 Business’s products include vision software, vision systems, vision sensors and identification (ID) products. Its products range from vision sensors that are integrated, to personal computer (PC)-based systems for users. Its products also 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..