Media coverage about Cognex (NASDAQ:CGNX) has been trending somewhat positive this week, according to Alpha One Sentiment Analysis. The research firm, a subsidiary of Accern, scores the sentiment of press coverage by reviewing more than twenty million news and blog sources. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cognex earned a media sentiment score of 0.06 on Alpha One’s scale. Alpha One also gave news stories about the scientific and technical instruments company an impact score of 81 out of 100, indicating that recent press coverage is very likely to have an effect on the company’s share price in the near term.
Here are some of the media headlines that may have effected Alpha One Sentiment’s analysis:
- This Key Tenet Of Swing Trading Reduces Risk (finance.yahoo.com)
- The Cognex Co. (CGNX) Expected to Post Earnings of $0.55 Per Share – BangaloreWeekly (bangaloreweekly.com)
- Cognex Co. (CGNX) CEO Robert Willett Sells 55,919 Shares (americanbankingnews.com)
- Company Performance Review on Shares of Cognex Corporation (NASDAQ:CGNX) – Business Daily (oxfordbusinessdaily.com)
- The DUPONT CAPITAL MANAGEMENT Corp Has $650000 Stake in Cognex Co. (CGNX) – BangaloreWeekly (bangaloreweekly.com)
The business also recently announced a quarterly dividend, which will be paid on Friday, June 16th. Shareholders of record on Friday, June 2nd will be paid a $0.085 dividend. The ex-dividend date of this dividend is Wednesday, May 31st. This is an increase from Cognex’s previous quarterly dividend of $0.08. This represents a $0.34 dividend on an annualized basis and a dividend yield of 0.38%. Cognex’s payout ratio is currently 20.13%.
A number of research analysts recently issued reports on CGNX shares. Needham & Company LLC reiterated a “hold” rating on shares of Cognex in a report on Tuesday, March 21st. JPMorgan Chase & Co. initiated coverage on Cognex in a research note on Thursday, January 26th. They issued a “neutral” rating and a $66.00 price target on the stock. Goldman Sachs Group Inc started coverage on Cognex in a research note on Monday, April 3rd. They issued a “buy” rating on the stock. TheStreet upgraded Cognex from a “c+” rating to a “b” rating in a research report on Thursday, March 9th. Finally, Zacks Investment Research upgraded Cognex from a “sell” rating to a “buy” rating and set a $101.00 target price on the stock in a research report on Wednesday, May 3rd. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Cognex currently has a consensus rating of “Hold” and an average price target of $69.51.
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In related news, Director Patrick Alias sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $77.85, for a total transaction of $389,250.00. Following the completion of the transaction, the director now owns 5,000 shares in the company, valued at $389,250. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Robert Willett sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $77.75, for a total transaction of $3,887,500.00. Following the completion of the transaction, the chief executive officer now owns 50,000 shares of the company’s stock, valued at approximately $3,887,500. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 205,000 shares of company stock valued at $17,398,718. Insiders own 6.40% of the company’s stock.
Cognex Company Profile
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 the 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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