Cognex Corporation $CGNX Shares Bought by Jane Street Group LLC

Key Points

• Jane Street Group LLC significantly increased its stake in Cognex Corporation by 526.1% in the first quarter, now owning approximately 474,133 shares valued at about $14.14 million.
• Cognex reported a 4.2% year-over-year increase in revenue for the last quarter, achieving $249.09 million and an earnings per share of $0.25, exceeding analysts' estimates.
• The company declared a quarterly dividend of $0.08 per share, leading to an annualized dividend yield of 0.7%, with an overall payout ratio of 45.07%.

Jane Street Group LLC lifted its position in shares of Cognex Corporation (NASDAQ:CGNX - Free Report) by 526.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 474,133 shares of the scientific and technical instruments company's stock after acquiring an additional 398,409 shares during the period. Jane Street Group LLC owned about 0.28% of Cognex worth $14,143,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CGNX. Mackenzie Financial Corp raised its position in shares of Cognex by 126.2% during the 1st quarter. Mackenzie Financial Corp now owns 4,609,802 shares of the scientific and technical instruments company's stock valued at $137,510,000 after acquiring an additional 2,571,457 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of Cognex by 32.0% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 6,082,319 shares of the scientific and technical instruments company's stock valued at $181,436,000 after acquiring an additional 1,474,832 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Cognex by 16,472.8% during the 1st quarter. SG Americas Securities LLC now owns 819,028 shares of the scientific and technical instruments company's stock valued at $24,432,000 after acquiring an additional 814,086 shares in the last quarter. ING Groep NV acquired a new stake in shares of Cognex during the 1st quarter valued at approximately $22,191,000. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Cognex by 34.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,539,557 shares of the scientific and technical instruments company's stock valued at $75,756,000 after acquiring an additional 647,955 shares in the last quarter. 88.12% of the stock is owned by institutional investors and hedge funds.

Cognex Stock Down 1.2%

NASDAQ:CGNX opened at $44.39 on Monday. Cognex Corporation has a 1-year low of $22.67 and a 1-year high of $45.23. The firm has a market capitalization of $7.45 billion, a price-to-earnings ratio of 62.52 and a beta of 1.50. The stock has a fifty day simple moving average of $39.81 and a 200 day simple moving average of $33.04.

Cognex (NASDAQ:CGNX - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The scientific and technical instruments company reported $0.25 earnings per share for the quarter, beating 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 business had revenue of $249.09 million during the quarter, compared to analyst estimates of $246.70 million. During the same quarter last year, the company posted $0.23 EPS. Cognex's revenue for the quarter was up 4.2% on a year-over-year basis. Cognex has set its Q3 2025 guidance at 0.240-0.290 EPS. Equities analysts predict that Cognex Corporation will post 0.61 earnings per share for the current year.

Cognex Announces Dividend

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

Insider Buying and Selling at Cognex

In related news, EVP Sheila Marie Dipalma sold 2,002 shares of the stock in a transaction on Friday, September 5th. The stock was 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 owned 8,582 shares in the company, valued at $386,190. This trade represents a 18.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CGNX. KeyCorp raised Cognex from a "sector weight" rating to an "overweight" rating and set a $50.00 price target on the stock in a research report on Friday, August 1st. Melius raised Cognex from a "hold" rating to a "buy" rating and set a $60.00 target price on the stock in a research report on Thursday, July 10th. UBS Group increased their target price on Cognex from $53.00 to $58.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Needham & Company LLC increased their target price on Cognex from $36.00 to $45.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Finally, The Goldman Sachs Group increased their target price on Cognex from $29.00 to $32.00 and gave the stock a "sell" rating in a research report on Thursday, June 12th. One 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 assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price 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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