Cognex Corp. (NASDAQ:CGNX) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $45.74 and last traded at $45.43, with a volume of 247,012 shares. The stock had previously closed at $45.17.

Several equities research analysts have recently issued reports on the stock. Canaccord Genuity lowered shares of Cognex Corp. from a “buy” rating to a “hold” rating and set a $45.00 price target for the company. in a research note on Tuesday, June 14th. They noted that the move was a valuation call. Sanford C. Bernstein assumed coverage on shares of Cognex Corp. in a research note on Monday, June 6th. They set a “market perform” rating and a $40.10 price target for the company. Zacks Investment Research upgraded shares of Cognex Corp. from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research note on Tuesday, May 24th. FBR & Co restated a “marketperform” rating and set a $42.00 price target on shares of Cognex Corp. in a research note on Tuesday, May 10th. Finally, TheStreet lowered shares of Cognex Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, May 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $43.76.

The company’s 50-day moving average is $42.93 and its 200 day moving average is $38.81. The stock has a market capitalization of $3.83 billion and a PE ratio of 21.79.

Cognex Corp. (NASDAQ:CGNX) last issued its earnings results on Monday, May 2nd. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.06. The firm earned $96.20 million during the quarter, compared to the consensus estimate of $93.06 million. The company’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.23 EPS. On average, analysts anticipate that Cognex Corp. will post $1.21 earnings per share for the current year.

In other news, Director Patrick Alias sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, June 9th. The shares were sold at an average price of $44.59, for a total value of $334,425.00. Following the transaction, the director now owns 7,500 shares in the company, valued at $334,425. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Eugene G. Banucci bought 2,000 shares of the company’s stock in a transaction dated Wednesday, May 18th. The stock was purchased at an average price of $38.80 per share, for a total transaction of $77,600.00. Following the purchase, the director now owns 2,000 shares of the company’s stock, valued at approximately $77,600. The disclosure for this purchase can be found here.

Other hedge funds and institutional investors have recently modified their holdings of the company. US Bancorp DE increased its position in shares of Cognex Corp. by 50.0% in the fourth quarter. US Bancorp DE now owns 55,964 shares of the company’s stock valued at $1,890,000 after buying an additional 18,654 shares in the last quarter. Liberty Mutual Group Asset Management Inc. boosted its position in Cognex Corp. by 51.4% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 56,119 shares of the company’s stock valued at $1,894,000 after buying an additional 19,053 shares during the last quarter. Bank of Montreal Can boosted its position in Cognex Corp. by 7.9% in the fourth quarter. Bank of Montreal Can now owns 229,815 shares of the company’s stock valued at $7,761,000 after buying an additional 16,834 shares during the last quarter. Morgan Stanley boosted its position in Cognex Corp. by 28.8% in the fourth quarter. Morgan Stanley now owns 350,859 shares of the company’s stock valued at $11,849,000 after buying an additional 78,372 shares during the last quarter. Finally, American Capital Management Inc. boosted its position in Cognex Corp. by 12.0% in the fourth quarter. American Capital Management Inc. now owns 997,705 shares of the company’s stock valued at $33,692,000 after buying an additional 107,060 shares during the last quarter.

Cognex Corporation (Cognex) 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 machine vision technology segment. 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.

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