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Cognex Corporation Buyback

OLI recorded this information on 2/15/2018

Company: Cognex Corporation
Buyback: CGNX buyback
$Amount Authorized: $150,000,000
Buyback Details: Cognex Corporation (NASDAQ:CGNX) announced today that the company's Board of Directors has authorized the purchase of up to $150 million of Cognex common stock in open market transactions, subject to market conditions and other relevant factors. This new authorization will commence after Cognex completes an existing $100 million repurchase program, of which approximately $45 million remains available.

Cognex is a provider of machine vision products that capture and analyze visual information in order to automate manufacturing and distribution tasks where vision is required. Machine vision products are used to automate the manufacturing 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. Co.'s products have a variety of physical forms. For example, customers can purchase vision software to use with their own camera and processor, or they can purchase a standalone unit that combines camera, processor, and software into a single package.

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Company Name:  Cognex Corp
Stock buyback:  CGNX buyback
Website:  www.cognex.com
Sector:  Electronic Equipment & Products
Number of ETFs Holding CGNX:  58
Total Market Value Held by ETFs:  $1.21B
Total Market Capitalization:  $7.09B
% of Market Cap. Held by ETFs:  17.06%
 

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March 29, 2024    9:10 AM Eastern
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Buy (2.79 out of 4)
16th percentile
(ranked lower than approx. 84% of all stocks covered)

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