Cognex Corporation $CGNX Shares Acquired by Nordea Investment Management AB

Key Points

• Nordea Investment Management AB increased its stake in Cognex Corporation by 148.5%, owning over 7 million shares valued at approximately $223.6 million.
• Several hedge funds also significantly boosted their positions in Cognex, with increases of up to 439.4% during the first quarter.
• Cognex recently announced a $0.08 quarterly dividend, reflecting a dividend yield of 0.7% and a payout ratio of 45.07%.

Nordea Investment Management AB raised its stake in shares of Cognex Corporation (NASDAQ:CGNX - Free Report) by 148.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,075,772 shares of the scientific and technical instruments company's stock after purchasing an additional 4,228,729 shares during the period. Nordea Investment Management AB owned 4.22% of Cognex worth $223,594,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Geneos Wealth Management Inc. increased its position in Cognex by 402.2% during the first quarter. Geneos Wealth Management Inc. now owns 919 shares of the scientific and technical instruments company's stock worth $27,000 after purchasing an additional 736 shares during the last quarter. Farther Finance Advisors LLC increased its position in Cognex by 439.4% during the first quarter. Farther Finance Advisors LLC now owns 971 shares of the scientific and technical instruments company's stock worth $29,000 after purchasing an additional 791 shares during the last quarter. GAMMA Investing LLC increased its position in Cognex by 155.3% during the first quarter. GAMMA Investing LLC now owns 1,062 shares of the scientific and technical instruments company's stock worth $32,000 after purchasing an additional 646 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in Cognex by 231.9% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,082 shares of the scientific and technical instruments company's stock worth $34,000 after purchasing an additional 756 shares during the last quarter. Finally, Global X Japan Co. Ltd. acquired a new position in Cognex during the first quarter worth approximately $38,000. Institutional investors and hedge funds own 88.12% of the company's stock.

Insider Buying and Selling at Cognex

In other news, EVP Sheila Marie Dipalma sold 2,002 shares of the company's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $45.00, for a total value of $90,090.00. Following the completion of the transaction, the executive vice president directly owned 8,582 shares in the company, valued at approximately $386,190. This represents a 18.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.60% of the company's stock.

Cognex Trading Down 0.6%

Shares of CGNX stock opened at $46.04 on Friday. The company has a market capitalization of $7.73 billion, a PE ratio of 64.85 and a beta of 1.50. The firm has a fifty day simple moving average of $44.62 and a 200-day simple moving average of $35.42. Cognex Corporation has a twelve month low of $22.67 and a twelve month high of $47.52.

Cognex (NASDAQ:CGNX - Get Free Report) last announced its earnings results on Wednesday, July 30th. The scientific and technical instruments company reported $0.25 earnings per share 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 business's quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.23 earnings per share. Cognex has set its Q3 2025 guidance at 0.240-0.290 EPS. 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. Stockholders of record on Thursday, August 14th were paid a $0.08 dividend. The ex-dividend date was Thursday, August 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.7%. Cognex's dividend payout ratio is 45.07%.

Analysts Set New Price Targets

Several equities analysts recently commented on CGNX shares. JPMorgan Chase & Co. started coverage on shares of Cognex in a research report on Monday, September 15th. They set a "neutral" rating and a $45.00 price target for the company. The Goldman Sachs Group upped their price target on shares of Cognex from $36.00 to $40.00 and gave the stock a "sell" rating in a research report on Tuesday, September 16th. KeyCorp raised shares of Cognex from a "sector weight" rating to an "overweight" rating and set a $50.00 price objective for the company in a research report on Friday, August 1st. Weiss Ratings reissued a "hold (c)" rating on shares of Cognex in a research report on Wednesday, October 8th. Finally, Citigroup reissued a "neutral" rating and issued a $37.00 price objective (up previously from $30.00) on shares of Cognex in a research report on Monday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Cognex currently has a consensus rating of "Moderate Buy" and an average target price of $44.93.

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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