Cognex (NASDAQ:CGNX) EVP Sheila Marie Dipalma Sells 2,000 Shares

Key Points

• Sheila Marie Dipalma, EVP of Cognex, sold 2,000 shares of the company's stock on September 8th for a total of $90,060, reducing her stake by 23.30%.
• Cognex's stock is currently valued at $44.61 after a slight decline of 0.7%, with an annual dividend yield of 0.7% announced recently.
• Analysts have mixed ratings for Cognex, with a consensus price target of $42.31 and a mix of ratings from "Strong Buy" to "Sell."

Cognex Corporation (NASDAQ:CGNX - Get Free Report) EVP Sheila Marie Dipalma sold 2,000 shares of Cognex stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $45.03, for a total value of $90,060.00. Following the sale, the executive vice president directly owned 6,582 shares of the company's stock, valued at $296,387.46. This trade represents a 23.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Sheila Marie Dipalma also recently made the following trade(s):

• On Friday, September 5th, Sheila Marie Dipalma sold 2,002 shares of Cognex stock. The stock was sold at an average price of $45.00, for a total value of $90,090.00.

Cognex Stock Down 0.7%

Shares of Cognex stock traded down $0.33 on Monday, reaching $44.61. 1,723,639 shares of the stock were exchanged, compared to its average volume of 2,094,199. Cognex Corporation has a twelve month low of $22.67 and a twelve month high of $45.23. The firm has a market capitalization of $7.49 billion, a price-to-earnings ratio of 62.83 and a beta of 1.50. The business has a 50 day moving average price of $38.59 and a two-hundred day moving average price of $32.64.

Cognex (NASDAQ:CGNX - Get Free Report) last released its earnings results on Wednesday, July 30th. The scientific and technical instruments company reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.02. Cognex had a return on equity of 6.65% and a net margin of 13.13%.The firm had revenue of $249.09 million during the quarter, compared to the consensus estimate of $246.70 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. The company's revenue was up 4.2% compared to the same quarter last year. Cognex has set its Q3 2025 guidance at 0.240-0.290 EPS. Research analysts forecast that Cognex Corporation will post 0.61 EPS for the current year.

Cognex Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.7%. Cognex's payout ratio is 45.07%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Nordea Investment Management AB raised its stake in shares of Cognex by 148.5% during the 2nd quarter. Nordea Investment Management AB now owns 7,075,772 shares of the scientific and technical instruments company's stock worth $223,594,000 after buying an additional 4,228,729 shares during the period. T. Rowe Price Investment Management Inc. increased its position in shares of Cognex by 32.0% during the first quarter. T. Rowe Price Investment Management Inc. now owns 6,082,319 shares of the scientific and technical instruments company's stock worth $181,436,000 after purchasing an additional 1,474,832 shares in the last quarter. Disciplined Growth Investors Inc. MN increased its position in shares of Cognex by 0.9% during the second quarter. Disciplined Growth Investors Inc. MN now owns 4,768,716 shares of the scientific and technical instruments company's stock worth $151,264,000 after purchasing an additional 40,927 shares in the last quarter. Mackenzie Financial Corp increased its position in shares of Cognex by 126.2% during the first quarter. Mackenzie Financial Corp now owns 4,609,802 shares of the scientific and technical instruments company's stock worth $137,510,000 after purchasing an additional 2,571,457 shares in the last quarter. Finally, Squarepoint Ops LLC increased its position in shares of Cognex by 17.9% during the second quarter. Squarepoint Ops LLC now owns 2,724,331 shares of the scientific and technical instruments company's stock worth $86,416,000 after purchasing an additional 413,088 shares in the last quarter. 88.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CGNX has been the subject of a number of analyst reports. Robert W. Baird boosted their price target on Cognex from $30.00 to $32.00 and gave the company a "neutral" rating in a report on Monday, June 16th. KeyCorp raised Cognex from a "sector weight" rating to an "overweight" rating and set a $50.00 price target for the company in a report on Friday, August 1st. DA Davidson boosted their price target on Cognex from $32.00 to $35.00 and gave the company a "neutral" rating in a report on Monday, August 4th. Citigroup reissued a "neutral" rating and issued a $37.00 price target (up from $30.00) on shares of Cognex in a report on Monday, July 14th. Finally, The Goldman Sachs Group boosted their price target on Cognex from $29.00 to $32.00 and gave the company a "sell" rating in a report on Thursday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Cognex has an average rating of "Moderate Buy" and a consensus price target of $42.31.

Cognex Company Profile

Cognex Corporation provides machine vision products that capture and analyze visual information to automate manufacturing and distribution tasks worldwide. Its machine vision products are used to automate the manufacturing and tracking of discrete items, including mobile phones, electric vehicle batteries, and e-commerce packages by locating, identifying, inspecting, and measuring them during the manufacturing or distribution process.

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