December 1, 2016 - By Richard Conner · 0 Comments
Cognex Corp (NASDAQ:CGNX) institutional sentiment decreased to 1 in 2016 Q2. Its down -0.13, from 1.13 in 2016Q1. The ratio has worsened, as 115 funds increased and started new positions, while 102 trimmed and sold holdings in Cognex Corp. The funds in our partner’s database reported: 71.25 million shares, down from 83.42 million shares in 2016Q1. Also, the number of funds holding Cognex Corp in their top 10 positions decreased from 4 to 3 for a decrease of 1. Sold All: 21 Reduced: 81 Increased: 83 New Position: 32.
Cognex Corporation 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 has a market cap of $5.14 billion. 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. It has a 39.79 P/E ratio. The Company’s products include vision software, vision systems, vision sensors and ID products.
The stock decreased 0.92% or $0.56 during the last trading session, hitting $59.71. Cognex Corporation (NASDAQ:CGNX) has risen 64.17% since April 28, 2016 and is uptrending. It has outperformed by 58.25% the S&P500.
Analysts await Cognex Corporation (NASDAQ:CGNX) to report earnings on February, 8. They expect $0.30 earnings per share, up 36.36% or $0.08 from last year’s $0.22 per share. CGNX’s profit will be $25.82 million for 49.76 P/E if the $0.30 EPS becomes a reality. After $0.49 actual earnings per share reported by Cognex Corporation for the previous quarter, Wall Street now forecasts -38.78% negative EPS growth.
According to Zacks Investment Research, “Cognex Corp. designs, develops, manufactures, and markets machine vision systems that are used to automate a wide range of manufacturing processes where vision is required. Cognex machine vision systems consist of two primary elements: a computer, which serves as a machine vision engine, and software that processes and analyzes images. When connected to a video camera, the machine vision system captures images and extracts information, which determines appropriate action for other equipment in the manufacturing process.”
Joho Capital Llc holds 18.08% of its portfolio in Cognex Corporation for 1.54 million shares. Brown Capital Management Llc owns 6.62 million shares or 4.51% of their US portfolio. Moreover, Tirschwell & Loewy Inc has 3.76% invested in the company for 498,320 shares. The Massachusetts-based Telemark Asset Management Llc has invested 2.48% in the stock. Thomas Story & Son Llc, a Illinois-based fund reported 84,225 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 12 selling transactions for $20.09 million net activity.
Ratings analysis reveals 40% of Cognex Corporation’s analysts are positive. Out of 10 Wall Street analysts rating Cognex Corporation, 4 give it “Buy”, 1 “Sell” rating, while 5 recommend “Hold”. The lowest target is $33 while the high is $61. The stock’s average target of $48.68 is -18.47% below today’s ($59.71) share price. CGNX was included in 22 notes of analysts from August 4, 2015. The stock has “Market Perform” rating given by Bernstein on Monday, June 6. The firm has “Buy” rating by Canaccord Genuity given on Friday, April 1. As per Tuesday, June 14, the company rating was downgraded by Canaccord Genuity. As per Friday, January 22, the company rating was initiated by Raymond James. CSLA downgraded Cognex Corporation (NASDAQ:CGNX) on Thursday, March 24 to “Underperform” rating. The firm has “Underperform” rating by CLSA given on Tuesday, August 2. The company was downgraded on Tuesday, November 3 by CLSA. The company was upgraded on Monday, November 7 by CLSA. FBR Capital initiated the stock with “Market Perform” rating in Wednesday, May 11 report. The stock of Cognex Corporation (NASDAQ:CGNX) earned “Market Perform” rating by Raymond James on Friday, March 11.
Cognex Corporation (Cognex), incorporated on January 7, 1981, is a well-known 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’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 Company’s products include vision software, vision systems, vision sensors and ID products. The Company’s products range from vision sensors that are integrated, to personal computer (PC) systems for users. The Company’s products 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. The Company’s service offerings include maintenance and support, consulting and training services.
More recent Cognex Corporation (NASDAQ:CGNX) news were published by: Fool.com which released: “Cognex Corporation Does It Again” on August 02, 2016. Also Fool.com published the news titled: “3 Things to Look Out for When Cognex Corp. Reports Earnings” on July 29, 2016. Equitiesfocus.com‘s news article titled: “Cognex Corporation (NASDAQ:CGNX) 200-Day MA At $48.34” with publication date: November 30, 2016 was also an interesting one.
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By Richard Conner