Yousif Capital Management LLC Sells 1,864 Shares of Cognex Co. (NASDAQ:CGNX)

Yousif Capital Management LLC lessened its stake in shares of Cognex Co. (NASDAQ:CGNX) by 3.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,415 shares of the scientific and technical instruments company’s stock after selling 1,864 shares during the quarter. Yousif Capital Management LLC’s holdings in Cognex were worth $1,743,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. SBI Securities Co. Ltd. acquired a new stake in shares of Cognex in the 4th quarter valued at $29,000. Farther Finance Advisors LLC increased its position in Cognex by 439.4% in the first quarter. Farther Finance Advisors LLC now owns 971 shares of the scientific and technical instruments company’s stock worth $29,000 after purchasing an additional 791 shares during the period. SRS Capital Advisors Inc. raised its holdings in Cognex by 50.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 885 shares of the scientific and technical instruments company’s stock worth $32,000 after purchasing an additional 295 shares during the last quarter. CBIZ Investment Advisory Services LLC lifted its position in Cognex by 129.9% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 1,007 shares of the scientific and technical instruments company’s stock valued at $36,000 after purchasing an additional 569 shares during the period. Finally, Principal Securities Inc. boosted its stake in shares of Cognex by 50.2% in the 4th quarter. Principal Securities Inc. now owns 1,047 shares of the scientific and technical instruments company’s stock valued at $38,000 after purchasing an additional 350 shares during the last quarter. Institutional investors and hedge funds own 88.12% of the company’s stock.

Analyst Ratings Changes

CGNX has been the topic of several recent research reports. TD Cowen upgraded Cognex from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research report on Monday, April 28th. Needham & Company LLC boosted their target price on Cognex from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Wednesday, June 11th. DA Davidson reiterated a “neutral” rating and issued a $32.00 price target on shares of Cognex in a research report on Monday. Cowen raised shares of Cognex from a “hold” rating to a “buy” rating in a research note on Monday, April 28th. Finally, Stephens reaffirmed an “overweight” rating and issued a $55.00 target price on shares of Cognex in a research note on Wednesday, March 12th. One analyst has rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $39.17.

Cognex Stock Up 1.3%

Shares of CGNX stock opened at $30.54 on Tuesday. Cognex Co. has a twelve month low of $22.67 and a twelve month high of $53.13. The stock’s fifty day simple moving average is $28.39 and its 200 day simple moving average is $32.73. The firm has a market capitalization of $5.13 billion, a P/E ratio of 50.07 and a beta of 1.47.

Cognex Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.05%. The ex-dividend date was Thursday, May 15th. Cognex’s payout ratio is presently 47.06%.

Cognex Company Profile

Cognex Corporation provides machine vision products that capture and analyze visual information to automate manufacturing and distribution tasks worldwide. Its machine vision products are used to automate the manufacturing and tracking of discrete items, including mobile phones, electric vehicle batteries, and e-commerce packages by locating, identifying, inspecting, and measuring them during the manufacturing or distribution process.