Caliber Wealth Management LLC KS Buys 6,400 Shares of Cognex Corporation $CGNX

Key Points

• Caliber Wealth Management LLC increased its stake in Cognex Corporation by 48.4%, acquiring an additional 6,400 shares, bringing its total holdings to 19,614 shares valued at approximately $622,000 as of the latest SEC filing.
• Institutional investors and hedge funds own 88.12% of Cognex's stock, indicating strong support within the investment community.
• Analysts have set a range of price targets for Cognex, with Needham & Company raising their target from $36.00 to $45.00, reflecting positive sentiment for the company in the market.

Caliber Wealth Management LLC KS increased its stake in shares of Cognex Corporation (NASDAQ:CGNX - Free Report) by 48.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,614 shares of the scientific and technical instruments company's stock after acquiring an additional 6,400 shares during the period. Caliber Wealth Management LLC KS's holdings in Cognex were worth $622,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in CGNX. Geneos Wealth Management Inc. lifted its stake in Cognex by 402.2% in the first quarter. Geneos Wealth Management Inc. now owns 919 shares of the scientific and technical instruments company's stock valued at $27,000 after acquiring an additional 736 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Cognex by 439.4% during the 1st quarter. Farther Finance Advisors LLC now owns 971 shares of the scientific and technical instruments company's stock worth $29,000 after buying an additional 791 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of 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 last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Cognex by 231.9% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,082 shares of the scientific and technical instruments company's stock worth $34,000 after buying an additional 756 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of Cognex by 82.6% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,749 shares of the scientific and technical instruments company's stock worth $52,000 after buying an additional 791 shares during the last quarter. Institutional investors and hedge funds own 88.12% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CGNX shares. Needham & Company LLC lifted their price target on shares of Cognex from $36.00 to $45.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Barclays set a $55.00 price target on shares of Cognex and gave the company an "overweight" rating in a research report on Tuesday, October 7th. Melius upgraded shares of Cognex from a "hold" rating to a "buy" rating and set a $60.00 price target for the company in a research report on Thursday, July 10th. Truist Financial set a $45.00 target price on shares of Cognex and gave the company a "hold" rating in a report on Wednesday, October 8th. Finally, UBS Group raised their target price on shares of Cognex from $53.00 to $58.00 and gave the company a "buy" rating in a report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Cognex has an average rating of "Moderate Buy" and a consensus price target of $44.93.

Insider Buying and Selling at Cognex

In other news, Director Robert Willett sold 6,704 shares of the firm's stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $49.51, for a total transaction of $331,915.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Sheila Marie Dipalma sold 2,002 shares of the firm's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $45.00, for a total transaction of $90,090.00. Following the transaction, the executive vice president directly owned 8,582 shares of the company's stock, valued at $386,190. The trade was a 18.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,706 shares of company stock valued at $512,065 in the last ninety days. Insiders own 1.60% of the company's stock.

Cognex Price Performance

Shares of NASDAQ:CGNX opened at $46.29 on Thursday. The company has a market cap of $7.77 billion, a price-to-earnings ratio of 65.20 and a beta of 1.50. The firm has a 50 day simple moving average of $44.92 and a 200 day simple moving average of $35.83. Cognex Corporation has a one year low of $22.67 and a one year high of $49.76.

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

Cognex Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.7%. Cognex's dividend payout ratio (DPR) is presently 45.07%.

Cognex 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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