American Century Companies Inc. Has $6.16 Million Position in Cognex Corporation $CGNX

Key Points

• American Century Companies Inc. sold 1,384,327 shares of Cognex Corporation, reducing its position by 87% to hold 206,488 shares worth approximately $6.16 million.
• Several institutional investors have increased their stakes in Cognex, with Mackenzie Financial Corp raising its position by 126.2% to own over 4.6 million shares.
• Analysts have shown a positive outlook for Cognex, with several raising target prices and one analyst giving it a "Strong Buy" rating, leading to a consensus target price of $42.31.

American Century Companies Inc. decreased its position in shares of Cognex Corporation (NASDAQ:CGNX - Free Report) by 87.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 206,488 shares of the scientific and technical instruments company's stock after selling 1,384,327 shares during the period. American Century Companies Inc. owned approximately 0.12% of Cognex worth $6,160,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Covestor Ltd increased its position in Cognex by 17.6% during the 1st quarter. Covestor Ltd now owns 2,223 shares of the scientific and technical instruments company's stock worth $66,000 after buying an additional 332 shares during the period. Centaurus Financial Inc. increased its position in Cognex by 16.0% during the 4th quarter. Centaurus Financial Inc. now owns 3,267 shares of the scientific and technical instruments company's stock worth $117,000 after buying an additional 450 shares during the period. OneDigital Investment Advisors LLC increased its position in Cognex by 7.4% during the 1st quarter. OneDigital Investment Advisors LLC now owns 7,698 shares of the scientific and technical instruments company's stock worth $230,000 after buying an additional 532 shares during the period. GAMMA Investing LLC increased its position in Cognex by 155.3% during the 1st quarter. GAMMA Investing LLC now owns 1,062 shares of the scientific and technical instruments company's stock worth $32,000 after buying an additional 646 shares during the period. Finally, UMB Bank n.a. increased its position in Cognex by 105.5% during the 1st quarter. UMB Bank n.a. now owns 1,280 shares of the scientific and technical instruments company's stock worth $38,000 after buying an additional 657 shares during the period. Institutional investors own 88.12% of the company's stock.

Cognex Stock Performance

Shares of Cognex stock traded down $0.09 during trading on Monday, reaching $43.94. 1,338,148 shares of the company's stock were exchanged, compared to its average volume of 2,067,026. Cognex Corporation has a 1-year low of $22.67 and a 1-year high of $45.03. The company has a market cap of $7.38 billion, a P/E ratio of 61.89 and a beta of 1.50. The firm's 50-day moving average price is $37.25 and its 200 day moving average price is $32.25.

Cognex (NASDAQ:CGNX - Get Free Report) last posted its quarterly 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. The company had revenue of $249.09 million during the quarter, compared to analysts' expectations of $246.70 million. Cognex had a return on equity of 6.65% and a net margin of 13.13%.Cognex's revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.23 EPS. Cognex has set its Q3 2025 guidance at 0.240-0.290 EPS. As a group, equities research analysts predict 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. Shareholders of record on Thursday, August 14th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, August 14th. Cognex's dividend payout ratio is presently 45.07%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. The Goldman Sachs Group lifted their price objective on Cognex from $29.00 to $32.00 and gave the company a "sell" rating in a report on Thursday, June 12th. DA Davidson lifted their price objective on Cognex from $32.00 to $35.00 and gave the company a "neutral" rating in a report on Monday, August 4th. Melius raised Cognex from a "hold" rating to a "buy" rating and set a $60.00 price objective for the company in a report on Thursday, July 10th. KeyCorp raised Cognex from a "sector weight" rating to an "overweight" rating and set a $50.00 price objective for the company in a report on Friday, August 1st. Finally, UBS Group lifted their price objective on Cognex from $53.00 to $58.00 and gave the company a "buy" rating in a report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Cognex presently has a consensus 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.