Capital Fund Management S.A. Buys 89,933 Shares of Cognex Corporation $CGNX

Key Points

• Capital Fund Management S.A. increased its holdings in Cognex Corporation by 115.5% during the first quarter, owning approximately 167,787 shares worth $5 million after acquiring an additional 89,933 shares.
• Several analysts have raised their price targets for Cognex, with UBS Group setting a target of $58 and Needham & Company lifting it to $45, indicating a broadly optimistic outlook for the stock.
• Cognex announced a quarterly dividend of $0.08 to be paid on August 28th, representing an annualized dividend of $0.32 with a yield of 0.7%.

Capital Fund Management S.A. increased its holdings in shares of Cognex Corporation (NASDAQ:CGNX - Free Report) by 115.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 167,787 shares of the scientific and technical instruments company's stock after acquiring an additional 89,933 shares during the period. Capital Fund Management S.A. owned about 0.10% of Cognex worth $5,005,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its position in Cognex by 439.4% in the first quarter. Farther Finance Advisors LLC now owns 971 shares of the scientific and technical instruments company's stock valued at $29,000 after buying an additional 791 shares in the last quarter. GAMMA Investing LLC boosted its position in Cognex by 155.3% in the first quarter. GAMMA Investing LLC now owns 1,062 shares of the scientific and technical instruments company's stock valued at $32,000 after buying an additional 646 shares in the last quarter. UMB Bank n.a. boosted its position in Cognex by 105.5% in the first quarter. UMB Bank n.a. now owns 1,280 shares of the scientific and technical instruments company's stock valued at $38,000 after buying an additional 657 shares in the last quarter. Global X Japan Co. Ltd. acquired a new position in Cognex in the first quarter valued at about $38,000. Finally, Quarry LP acquired a new position in Cognex in the fourth quarter valued at about $53,000. 88.12% of the stock is currently owned by institutional investors and hedge funds.

Cognex Stock Up 0.9%

NASDAQ CGNX traded up $0.38 during trading hours on Wednesday, hitting $44.27. The company's stock had a trading volume of 1,242,513 shares, compared to its average volume of 2,099,914. The stock has a fifty day moving average of $36.40 and a 200 day moving average of $32.17. Cognex Corporation has a twelve month low of $22.67 and a twelve month high of $45.03. The firm has a market capitalization of $7.43 billion, a P/E ratio of 62.28 and a beta of 1.47.

Cognex (NASDAQ:CGNX - Get Free Report) last issued its earnings results 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. Cognex had a net margin of 13.13% and a return on equity of 6.65%. 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 prior year, the firm earned $0.23 earnings per share. The business's quarterly revenue was up 4.2% on a year-over-year basis. Cognex has set its Q3 2025 guidance at 0.240-0.290 EPS. On average, analysts predict that Cognex Corporation will post 0.61 earnings per share for the current year.

Cognex Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, August 14th. Cognex's dividend payout ratio is presently 45.07%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Needham & Company LLC boosted 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. DA Davidson upped their target price on shares of Cognex from $32.00 to $35.00 and gave the stock a "neutral" rating in a research report on Monday, August 4th. Robert W. Baird upped their target price on shares of Cognex from $30.00 to $32.00 and gave the stock a "neutral" rating in a research report on Monday, June 16th. Citigroup reiterated a "neutral" rating and set a $37.00 target price (up from $30.00) on shares of Cognex in a research report on Monday, July 14th. Finally, KeyCorp upgraded shares of Cognex from a "sector weight" rating to an "overweight" rating and set a $50.00 target price on the stock in a research report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $42.31.

About Cognex

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.