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Wednesday, March 22, 2023

Momentum Is Strong For Cognex Corporation (NASDAQ: CGNX)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Cognex Corporation (CGNX) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.41, or -0.84%, to $48.36. The Cognex Corporation has recorded 6,649 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Cognex to Present at Raymond James Institutional Investors Conference.

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Stocks Info

The company is listed on the NASDAQ and operates within the Scientific & Technical Instruments industry segment. At the end of the last regular session, the stock closed at $48.77 and fluctuated between $49.75 as its day high and $48.71 as its day low. The current market capitalization of Cognex Corporation is $8.17B. A total of 0.82 million shares were traded on the day, compared to an average of 826.82K shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, CGNX has seen 15 BUY and 13 SELL insider trades, representing the acquisition of 154,647 and the disposition of 144,443 shares. Over the last 12 months, there were 19 BUYs and 16 SELLs from insiders. Insiders purchased 199,423 shares during that period but sold 180,226.

In the most recent transaction, KRANTZ THEODOR sold 854 shares of CGNX for 48.04 per share on Feb 23. After the transaction, the Director now owns 35,500 company shares. In a previous transaction on Feb 17, KRANTZ THEODOR sold 912 shares at 48.39 per share. CGNX shares that Director owns now total 35,500.

Among the insiders who sold shares, ALIAS PATRICK disposed of 641 shares on Feb 17 at a per-share price of $49.50. This resulted in the Director holding 0 shares of CGNX after the transaction. In another insider transaction, KRANTZ THEODOR sold 10,400 shares at $57.00 per share on Feb 02. Company shares held by the Director now total 35,500.


The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Cognex Corporation pays an annual dividend of $0.28, resulting in a dividend yield of 0.57%, and it has a price to earnings (P/E) ratio of 39.62. CGNX’s most recent ex-dividend date was 3/2/2023 when it declared a $0.07 quarterly dividend that was paid in cash on 3/17/2023. Previously, the company paid the dividend on 12/2/2022 with an ex-dividend date of 11/17/2022. The CGNX stock dividend was $0.07 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for CGNX in the last 3 months, the mean price target is $50.73 with high estimates of $65.00 and low estimates of $38.00. In terms of 52-week highs and lows, CGNX has a high of $80.30 and a low of $40.21.

As of this writing, CGNX has an earnings estimate of $0.32 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $0.38 per share and a lower estimate of $0.26.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 18 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CGNX is Underweight with a score of 2.91. A total of 2 analysts rated the stock as Buy while 2 rated it as Overweight while 10 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 3 thought it should be Sold.

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