Hsbc Holdings PLC Has $3.58 Million Stock Holdings in Cognex Corporation $CGNX

Key Points

• Hsbc Holdings PLC significantly increased its stake in Cognex Corporation by 813.1% during the first quarter, now owning approximately 0.07% of the company valued at $3.57 million.
• Cognex reported $0.25 earnings per share (EPS) for the last quarter, exceeding analysts' estimates of $0.23, with a 4.2% year-over-year revenue increase to $249.09 million.
• The company declared a quarterly dividend of $0.08 per share, reflecting an annualized yield of 0.7% and a payout ratio of 45.07%.

Hsbc Holdings PLC boosted its stake in shares of Cognex Corporation (NASDAQ:CGNX - Free Report) by 813.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 120,964 shares of the scientific and technical instruments company's stock after purchasing an additional 107,716 shares during the quarter. Hsbc Holdings PLC owned 0.07% of Cognex worth $3,575,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Covestor Ltd raised its stake in Cognex by 17.6% during the 1st quarter. Covestor Ltd now owns 2,223 shares of the scientific and technical instruments company's stock valued at $66,000 after purchasing an additional 332 shares during the last quarter. Centaurus Financial Inc. raised its stake in shares of Cognex by 16.0% in the 4th quarter. Centaurus Financial Inc. now owns 3,267 shares of the scientific and technical instruments company's stock valued at $117,000 after buying an additional 450 shares in the last quarter. OneDigital Investment Advisors LLC raised its stake in shares of Cognex by 7.4% in the 1st quarter. OneDigital Investment Advisors LLC now owns 7,698 shares of the scientific and technical instruments company's stock valued at $230,000 after buying an additional 532 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Cognex by 155.3% in the 1st 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. Finally, UMB Bank n.a. raised its stake in shares of Cognex by 105.5% in the 1st 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. 88.12% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CGNX. Needham & Company LLC increased their price objective on shares of Cognex from $36.00 to $45.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. The Goldman Sachs Group increased their price objective on shares of Cognex from $29.00 to $32.00 and gave the company a "sell" rating in a research note on Thursday, June 12th. Robert W. Baird increased their price objective on shares of Cognex from $30.00 to $32.00 and gave the company a "neutral" rating in a research note on Monday, June 16th. Citigroup restated a "neutral" rating and issued a $37.00 price objective (up previously from $30.00) on shares of Cognex in a research note on Monday, July 14th. Finally, Melius raised shares of Cognex from a "hold" rating to a "buy" rating and set a $60.00 target price on the stock in a report on Thursday, July 10th. One investment 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 given a Sell rating to the company's stock. According to data from MarketBeat.com, Cognex presently has an average rating of "Moderate Buy" and a consensus price target of $42.31.

Cognex Stock Down 0.2%

NASDAQ:CGNX traded down $0.09 during mid-day trading on Friday, reaching $43.94. 1,338,148 shares of the company were exchanged, compared to its average volume of 2,175,764. Cognex Corporation has a 12 month low of $22.67 and a 12 month high of $45.03. The company has a fifty day moving average of $37.25 and a 200 day moving average of $32.26. The stock has a market cap of $7.38 billion, a PE ratio of 61.89 and a beta of 1.47.

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, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $246.70 million. During the same quarter in the prior year, the firm earned $0.23 EPS. The company's 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, equities research analysts anticipate that Cognex Corporation will post 0.61 EPS for the current fiscal year.

Cognex Announces Dividend

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

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.