What’s Ahead for Cognex Corporation (CGNX) After Making 52-Week High?

September 17, 2017 - By Linda Rogers

Investors sentiment increased to 1.21 in 2016 Q4. Its up 0.21, from 1 in 2016Q3. It improved, as 24 investors sold Cognex Corporation shares while 96 reduced holdings. 53 funds opened positions while 92 raised stakes. 76.66 million shares or 0.91% less from 77.36 million shares in 2016Q3 were reported.
Bbva Compass Comml Bank reported 20,977 shares stake. Hl Financial Ltd Company reported 114,277 shares stake. Capital Rech Global Invsts holds 0.02% or 811,202 shares. Bancshares Of Ny Mellon invested in 0.02% or 1.00 million shares. Vantage Investment Advsrs Ltd Liability Co has invested 0.01% in Cognex Corporation (NASDAQ:CGNX). Welch & Forbes Ltd Limited Liability Company has 274,185 shares for 0.52% of their portfolio. Dorsey Wright And holds 0.75% of its portfolio in Cognex Corporation (NASDAQ:CGNX) for 27,814 shares. Congress Asset Management Ma invested in 1.41% or 1.06M shares. Dimensional Fund Advsr Lp owns 734,254 shares or 0.02% of their US portfolio. Panagora Asset Mgmt holds 0% of its portfolio in Cognex Corporation (NASDAQ:CGNX) for 6,800 shares. Amp Ltd has 0.03% invested in Cognex Corporation (NASDAQ:CGNX). Nationwide Fund Advsrs owns 0.16% invested in Cognex Corporation (NASDAQ:CGNX) for 592,365 shares. Thomas Story Son Ltd Liability Company owns 84,225 shares or 3.22% of their US portfolio. Copeland Ltd owns 213,026 shares or 0.88% of their US portfolio. Caxton Ltd Partnership reported 100,000 shares.

Since May 4, 2017, it had 0 buys, and 4 sales for $9.81 million activity. Willett Robert sold $3.95M worth of Cognex Corporation (NASDAQ:CGNX) on Monday, May 8.

The stock of Cognex Corporation (NASDAQ:CGNX) hit a new 52-week high and has $116.43 target or 4.00 % above today’s $111.95 share price. The 5 months bullish chart indicates low risk for the $9.69 billion company. The 1-year high was reported on Sep, 17 by Barchart.com. If the $116.43 price target is reached, the company will be worth $387.60M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.60% or $0.67 on September 15, reaching $111.95. About 728,619 shares traded or 7.79% up from the average. Cognex Corporation (NASDAQ:CGNX) has risen 131.00% since September 17, 2016 and is uptrending. It has outperformed by 114.30% the S&P500.

Wall Street await Cognex Corporation (NASDAQ:CGNX) to release earnings on October, 30. Analysts forecast EPS of $1.05, up exactly $0.56 or 114.29 % from 2014’s $0.49 EPS. The expected CGNX’s profit could reach $90.88 million giving the stock 26.65 P/E in the case that $1.05 earnings per share is reported. After posting $0.63 EPS for the previous quarter, Cognex Corporation’s analysts now forecast 66.67 % EPS growth.

Cognex Corporation (NASDAQ:CGNX) Ratings Coverage

Among 16 analysts covering Cognex Corporation (NASDAQ:CGNX), 7 have Buy rating, 1 Sell and 8 Hold. Therefore 44% are positive. Cognex Corporation has $13500 highest and $33 lowest target. $73.46’s average target is -34.38% below currents $111.95 stock price. Cognex Corporation had 31 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Cognex Corporation (NASDAQ:CGNX) has “Hold” rating given on Tuesday, June 14 by Canaccord Genuity. The rating was maintained by CLSA on Tuesday, August 2 with “Underperform”. As per Tuesday, August 2, the company rating was maintained by Canaccord Genuity. The rating was downgraded by Credit Agricole on Tuesday, November 3 to “Outperform”. The company was downgraded on Friday, March 11 by Raymond James. The stock has “Outperform” rating by CLSA on Tuesday, November 3. Bernstein initiated Cognex Corporation (NASDAQ:CGNX) rating on Monday, June 6. Bernstein has “Market Perform” rating and $40.10 target. As per Friday, September 8, the company rating was maintained by Cowen & Co. The stock has “Buy” rating by Needham on Friday, February 17. As per Friday, January 22, the company rating was initiated by Raymond James.

More recent Cognex Corporation (NASDAQ:CGNX) news were published by: Fool.com which released: “Cognex Corporation second-quarter earnings: The raw numbers” on August 01, 2017. Also Fool.com published the news titled: “Cognex Corporation first-quarter earnings: The raw numbers” on May 02, 2017. Finance.Yahoo.com‘s news article titled: “Why the Earnings Streak Will Continue for Cognex (CGNX)” with publication date: August 18, 2017 was also an interesting one.

Cognex Corporation 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 has market cap of $9.69 billion. The Firm operates through the machine vision technology segment. It has a 51.18 P/E ratio. 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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