Price T Rowe Associates Inc. MD Has $75.76 Million Stake in Cognex Corporation $CGNX

Key Points

• Price T Rowe Associates Inc. MD increased its stake in Cognex Corporation by 34.3%, acquiring an additional 647,955 shares during the first quarter, bringing its total ownership to 2,539,557 shares valued at approximately $75.76 million.
• Cognex's shares recently opened at $44.02, experiencing a 1.7% decline, with a market cap of $7.39 billion and a P/E ratio of 62.00.
• The company announced a quarterly dividend of $0.08 per share, which will be paid on August 28th, representing an annual yield of 0.7%.

Price T Rowe Associates Inc. MD grew its position in Cognex Corporation (NASDAQ:CGNX - Free Report) by 34.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 2,539,557 shares of the scientific and technical instruments company's stock after acquiring an additional 647,955 shares during the period. Price T Rowe Associates Inc. MD owned 1.51% of Cognex worth $75,756,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Farther Finance Advisors LLC lifted its stake in shares of Cognex by 439.4% in the 1st quarter. Farther Finance Advisors LLC now owns 971 shares of the scientific and technical instruments company's stock valued at $29,000 after acquiring an additional 791 shares during the last quarter. GAMMA Investing LLC raised its position in Cognex by 155.3% during the 1st 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. UMB Bank n.a. raised its position in Cognex by 105.5% during the 1st quarter. UMB Bank n.a. now owns 1,280 shares of the scientific and technical instruments company's stock worth $38,000 after purchasing an additional 657 shares during the last quarter. Global X Japan Co. Ltd. bought a new position in Cognex during the 1st quarter worth $38,000. Finally, Quarry LP bought a new position in Cognex during the 4th quarter worth $53,000. 88.12% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CGNX has been the subject of several analyst reports. UBS Group raised 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 raised 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. DA Davidson raised their target price on 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 raised their target price on Cognex from $30.00 to $32.00 and gave the stock a "neutral" rating in a research report on Monday, June 16th. Finally, KeyCorp raised 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. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $42.31.

Cognex Price Performance

Shares of CGNX traded down $0.22 during trading hours on Thursday, hitting $44.03. The stock had a trading volume of 1,857,610 shares, compared to its average volume of 2,433,256. The firm has a 50 day simple moving average of $36.96 and a 200-day simple moving average of $32.28. The firm has a market capitalization of $7.39 billion, a P/E ratio of 62.01 and a beta of 1.47. Cognex Corporation has a 1-year low of $22.67 and a 1-year high of $45.03.

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. The company had revenue of $249.09 million during the quarter, compared to the consensus estimate of $246.70 million. Cognex had a return on equity of 6.65% and a net margin of 13.13%.The firm's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the business posted $0.23 EPS. Cognex has set its Q3 2025 guidance at 0.240-0.290 EPS. Equities analysts predict that Cognex Corporation will post 0.61 EPS for the current fiscal year.

Cognex Dividend Announcement

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

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.