Jane Street Group LLC Purchases 398,409 Shares of Cognex Corporation $CGNX

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 grew its stake in shares of Cognex Corporation (NASDAQ:CGNX - Free Report) by 526.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 474,133 shares of the scientific and technical instruments company's stock after buying an additional 398,409 shares during the period. Jane Street Group LLC owned 0.28% of Cognex worth $14,143,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Covestor Ltd raised its position in shares of Cognex by 17.6% during the first quarter. Covestor Ltd now owns 2,223 shares of the scientific and technical instruments company's stock valued at $66,000 after buying an additional 332 shares during the last quarter. Centaurus Financial Inc. increased its position in Cognex by 16.0% in the fourth quarter. Centaurus Financial Inc. now owns 3,267 shares of the scientific and technical instruments company's stock worth $117,000 after purchasing an additional 450 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Cognex by 17.0% in the first quarter. Smartleaf Asset Management LLC now owns 3,357 shares of the scientific and technical instruments company's stock worth $101,000 after purchasing an additional 487 shares during the last quarter. OneDigital Investment Advisors LLC increased its position in Cognex by 7.4% in the first quarter. OneDigital Investment Advisors LLC now owns 7,698 shares of the scientific and technical instruments company's stock worth $230,000 after purchasing an additional 532 shares during the last quarter. Finally, GAMMA Investing LLC increased 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 worth $32,000 after purchasing an additional 646 shares during the last quarter. Institutional investors own 88.12% of the company's stock.

Cognex Trading Up 0.6%

Shares of CGNX traded up $0.29 during trading hours on Friday, reaching $46.48. 4,087,841 shares of the company traded hands, compared to its average volume of 1,874,878. The firm has a market cap of $7.80 billion, a price-to-earnings ratio of 65.47 and a beta of 1.50. Cognex Corporation has a 12-month low of $22.67 and a 12-month high of $46.52. The stock's fifty day moving average price is $40.97 and its 200 day moving average price is $33.48.

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

Cognex Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CGNX shares. Needham & Company LLC boosted their price target on shares of Cognex from $36.00 to $45.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. KeyCorp upgraded shares of 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. DA Davidson boosted their price target 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 boosted their price target 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. Finally, UBS Group boosted their price target on shares of Cognex from $53.00 to $58.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $43.07.

Insider Buying and Selling at Cognex

In related news, EVP Sheila Marie Dipalma sold 2,000 shares of Cognex stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $45.03, for a total value of $90,060.00. Following the completion of the sale, the executive vice president directly owned 6,582 shares in the company, valued at $296,387.46. The trade was a 23.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.60% of the stock is owned by insiders.

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.