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Tuesday, June 6, 2023

Investing In Cognex Corporation (NASDAQ: CGNX): Why Should You?

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 intact, with the stock’s consolidated last price rising by $0.41, or 0.76%, to $54.12. The Cognex Corporation has recorded 23,065 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Cognex Announces Participation at Upcoming Investor Conferences.

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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 $53.71 and fluctuated between $53.76 as its day high and $52.50 as its day low. The current market capitalization of Cognex Corporation is $9.13B. A total of 0.86 million shares were traded on the day, compared to an average of 743.25K 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 2 BUY and 3 SELL insider trades, representing the acquisition of 16,041 and the disposition of 8,399 shares. Over the last 12 months, there were 30 BUYs and 24 SELLs from insiders. Insiders purchased 214,689 shares during that period but sold 187,183.

In the most recent transaction, ALIAS PATRICK sold 4,375 shares of CGNX for 49.53 per share on Mar 06. After the transaction, the Director now owns 0 company shares. In a previous transaction on Mar 03, ALIAS PATRICK sold 600 shares at 49.50 per share. CGNX shares that Director owns now total 0.

Among the insiders who sold shares, KRANTZ THEODOR disposed of 854 shares on Feb 23 at a per-share price of $48.04. This resulted in the Director holding 35,500 shares of CGNX after the transaction. In another insider transaction, KRANTZ THEODOR sold 912 shares at $48.39 per share on Feb 17. 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 0.52%, and it has a price to earnings (P/E) ratio of 53.87. CGNX’s most recent ex-dividend date was 5/18/2023 when it declared a $0.07 quarterly dividend that was paid in cash on 6/2/2023. Previously, the company paid the dividend on 3/17/2023 with an ex-dividend date of 3/2/2023. 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 $40.00. In terms of 52-week highs and lows, CGNX has a high of $58.12 and a low of $40.21.

As of this writing, CGNX has an earnings estimate of $0.28 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $0.37 per share and a lower estimate of $0.22. The company reported an EPS of $0.27 in the last quarter, which was -15.60% lower than expectations of $0.32.

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. CGNX’s latest balance sheet shows that the firm has $907.36M in Cash & Short Term Investments as of fiscal 2021. There were $25.58M in debt and $238.74M in liabilities at the time. Its Book Value Per Share was $8.38, while its Total Shareholder’s Equity was $1.43B.

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, 0 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 Buy with a score of 2.91.

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