A number of firms have modified their ratings and price targets on shares of Cognex (NASDAQ: CGNX) recently:

  • 2/5/2019 – Cognex was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $52.00 price target on the stock. According to Zacks, “Cognex Corporation designs, develops, manufactures, and markets machine vision systems, or computers that can see. Cognex is the world’s leader in the machine vision industry, having shipped more than 200,000 vision systems, representing nearly $1.5 billion in cumulative revenue, since the company’s founding time. Cognex’s Modular Vision Systems Division, headquartered in Natick, Massachusetts, specializes in machine vision systems that are used for automating the manufacture of a wide range of discrete items and for assuring their quality. Cognex’s Surface Inspection Systems Division, headquartered in Alameda, California, specializes in machine vision systems that are used for inspecting the surfaces of products manufactured in a continuous fashion, such as metals, papers and plastics. “
  • 2/4/2019 – Cognex was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Cognex Corporation designs, develops, manufactures, and markets machine vision systems, or computers that can see. Cognex is the world’s leader in the machine vision industry, having shipped more than 200,000 vision systems, representing nearly $1.5 billion in cumulative revenue, since the company’s founding time. Cognex’s Modular Vision Systems Division, headquartered in Natick, Massachusetts, specializes in machine vision systems that are used for automating the manufacture of a wide range of discrete items and for assuring their quality. Cognex’s Surface Inspection Systems Division, headquartered in Alameda, California, specializes in machine vision systems that are used for inspecting the surfaces of products manufactured in a continuous fashion, such as metals, papers and plastics. “
  • 1/29/2019 – Cognex was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $48.00 price target on the stock. According to Zacks, “Cognex Corporation designs, develops, manufactures, and markets machine vision systems, or computers that can see. Cognex is the world’s leader in the machine vision industry, having shipped more than 200,000 vision systems, representing nearly $1.5 billion in cumulative revenue, since the company’s founding time. Cognex’s Modular Vision Systems Division, headquartered in Natick, Massachusetts, specializes in machine vision systems that are used for automating the manufacture of a wide range of discrete items and for assuring their quality. Cognex’s Surface Inspection Systems Division, headquartered in Alameda, California, specializes in machine vision systems that are used for inspecting the surfaces of products manufactured in a continuous fashion, such as metals, papers and plastics. “
  • 1/25/2019 – Cognex was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Cognex Corporation designs, develops, manufactures, and markets machine vision systems, or computers that can see. Cognex is the world’s leader in the machine vision industry, having shipped more than 200,000 vision systems, representing nearly $1.5 billion in cumulative revenue, since the company’s founding time. Cognex’s Modular Vision Systems Division, headquartered in Natick, Massachusetts, specializes in machine vision systems that are used for automating the manufacture of a wide range of discrete items and for assuring their quality. Cognex’s Surface Inspection Systems Division, headquartered in Alameda, California, specializes in machine vision systems that are used for inspecting the surfaces of products manufactured in a continuous fashion, such as metals, papers and plastics. “
  • 1/9/2019 – Cognex was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 1/3/2019 – Cognex was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $43.00 price target on the stock. According to Zacks, “Cognex Corporation designs, develops, manufactures, and markets machine vision systems, or computers that can see. Cognex is the world’s leader in the machine vision industry, having shipped more than 200,000 vision systems, representing nearly $1.5 billion in cumulative revenue, since the company’s founding time. Cognex’s Modular Vision Systems Division, headquartered in Natick, Massachusetts, specializes in machine vision systems that are used for automating the manufacture of a wide range of discrete items and for assuring their quality. Cognex’s Surface Inspection Systems Division, headquartered in Alameda, California, specializes in machine vision systems that are used for inspecting the surfaces of products manufactured in a continuous fashion, such as metals, papers and plastics. “
  • 12/13/2018 – Cognex was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 12/13/2018 – Cognex had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $47.00 price target on the stock, up previously from $45.00.

Shares of NASDAQ CGNX traded up $0.65 during midday trading on Monday, reaching $47.58. 41,158 shares of the company traded hands, compared to its average volume of 1,067,332. The stock has a market cap of $8.13 billion, a PE ratio of 32.81, a PEG ratio of 2.42 and a beta of 1.89. Cognex Co. has a 12 month low of $34.88 and a 12 month high of $60.47.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in Cognex by 0.4% during the third quarter. BlackRock Inc. now owns 17,842,060 shares of the scientific and technical instruments company’s stock worth $995,944,000 after acquiring an additional 72,784 shares during the period. Vanguard Group Inc. lifted its holdings in Cognex by 0.7% during the third quarter. Vanguard Group Inc. now owns 14,774,139 shares of the scientific and technical instruments company’s stock worth $824,693,000 after acquiring an additional 101,127 shares during the period. Vanguard Group Inc lifted its holdings in Cognex by 0.7% during the third quarter. Vanguard Group Inc now owns 14,774,139 shares of the scientific and technical instruments company’s stock worth $824,693,000 after acquiring an additional 101,127 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Cognex by 2.7% in the fourth quarter. Bank of New York Mellon Corp now owns 8,760,670 shares of the scientific and technical instruments company’s stock valued at $338,776,000 after buying an additional 231,403 shares during the period. Finally, Janus Henderson Group PLC raised its stake in shares of Cognex by 2.8% in the third quarter. Janus Henderson Group PLC now owns 4,931,458 shares of the scientific and technical instruments company’s stock valued at $275,296,000 after buying an additional 134,103 shares during the period. 92.30% of the stock is currently owned by institutional investors.

Cognex Corporation provides machine vision products that capture and analyze visual information in order to automate tasks primarily in manufacturing processes worldwide. The company offers machine vision products, which are used to automate the manufacturing 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.

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