Cognex Corp. (CGNX) Stock Could Soon Reward Patient Investors

Cognex Corp. (NASDAQ: CGNX) is -11.93% lower on its value in year-to-date trading and has touched a low of $34.28 and a high of $59.51 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CGNX stock was last observed hovering at around $36.04 in the last trading session, with the day’s gains setting it 0.72%.

Currently trading at $36.76, the stock is -1.45% and -5.09% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.73 million and changing 2.00% at the moment leaves the stock -18.44% off its SMA200. CGNX registered -32.50% loss for a year compared to 6-month loss of -25.68%. The firm has a 50-day simple moving average (SMA 50) of $6.68 and a 200-day simple moving average (SMA200) of $31.09.

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The stock witnessed a -6.27% gain in the last 1 month and extending the period to 3 months gives it a 0.57%, and is -0.08% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.74% over the week and 2.71% over the month.

Cognex Corp. (CGNX) has around Nov 16 2023 employees, a market worth around $6.33B and $880.31M in sales. Current P/E ratio is 40.49 and Fwd P/E is 38.91. Profit margin for the company is 17.87%. Distance from 52-week low is 7.23% and -38.23% from its 52-week high. The company has generated returns on investments over the last 12 months (10.16%).

Cognex Corp. quarterly earnings per share for the current quarter are estimated at $0.1 with sales reaching $188.59M over the same period.The EPS is expected to shrink by -46.12% this year, but quarterly earnings will post -17.50% year-over-year. Quarterly sales are estimated to shrink -21.20% in year-over-year returns.

Cognex Corp. (CGNX) Top Institutional Holders

669 institutions hold shares in Cognex Corp. (CGNX), with institutional investors hold 91.26% of the company’s shares. The shares outstanding are 172.63M, and float is at 171.71M with Short Float at 2.58%. Institutions hold 91.06% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 17.13 million shares valued at $959.71 million. The investor’s holdings represent 9.94% of the CGNX Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 16.5 million shares valued at $924.43 million to account for 9.58% of the shares outstanding. The other top investors are Bank Of New York Mellon Corporation which holds 10.72 million shares representing 6.22% and valued at over $600.47 million, while State Street Corporation holds 3.26% of the shares totaling 5.62 million with a market value of $315.06 million.

Cognex Corp. (CGNX) Insider Activity

A total of 1 insider transactions have happened at Cognex Corp. (CGNX) in the last six months, with sales accounting for 0 and purchases happening 1 times. The most recent transaction is an insider sale by ALIAS PATRICK ,the company’sDirector. SEC filings show that ALIAS PATRICK sold 4,375 shares of the company’s common stock on Mar 06 at a price of $49.53 per share for a total of $0.22 million. Following the sale, the insider now owns 0.0 shares.

Cognex Corp. disclosed in a document filed with the SEC on Mar 03 that ALIAS PATRICK (Director) sold a total of 600 shares of the company’s common stock. The trade occurred on Mar 03 and was made at $49.50 per share for $29700.0. Following the transaction, the insider now directly holds 0.0 shares of the CGNX stock.

Still, SEC filings show that on Feb 23, KRANTZ THEODOR (Director) disposed off 854 shares at an average price of $48.04 for $41026.0. The insider now directly holds 35,500 shares of Cognex Corp. (CGNX).

Cognex Corp. (CGNX): Who are the competitors?

The company’s main competitors (and peers) include Schmitt Industries Inc. (SMIT) that is trading -24.57% down over the past 12 months. Hurco Cos. (HURC) that is -16.41% lower over the same period.