Cognex Corporation designs, develops, manufactures and markets a range of products that incorporate machine vision technology that gives them the ability to “see.” Cognex products include barcode readers, machine vision sensors and machine vision systems that are used in factories, warehouses and distribution centers around the world to guide, gauge, inspect, identify and assure the quality of items during the manufacturing and distribution process. The company was founded in 1981 and is based in Natick, Massachusetts.
Machine vision leader Cognex (NASDAQ: CGNX), industrial software company PTC (NASDAQ: PTC), and engineering simulation and design software company ANSYS (NASDAQ: ANSS) are companies in a hurry. Cognex's machine vision solutions make it a major beneficiary of the trend toward automation in manufacturing and logistics.
Cognex Co. (NASDAQ:CGNX) EVP Sheila Marie Dipalma sold 52,000 shares of Cognex stock in a transaction dated Wednesday, December 9th. The stock was sold at an average price of $77.39, for a total transaction of $4,024,280.00. Following the sale, the executive vice president now owns 16,000 shares of the company’s stock, valued at $1,238,240. The […]
Shares of Cognex Corp. (CGNX) increased by about 2.5% on Friday after the machine vision products manufacturer announced a special cash dividend of $2 per share. Cognex announced that the newly approved special cash dividend will be payable on Dec. 28 to shareholders of record date as of Dec. 14. According to the company, the aggregate amount payable would be approximately $350 million and would be paid through using available cash. Cognex's dividend yield stands at 0.3%. The company’s CEO Dr. Robert J. Shillman said, "Cognex has paid a quarterly cash dividend for every quarter starting in 2003.