Cognex Corporation $CGNX Shares Acquired by Trexquant Investment LP

Key Points

• Trexquant Investment LP increased its stake in Cognex Corporation by 46.5%, owning 636,867 shares worth approximately $18.99 million as of its latest SEC filing.
• Cognex Corporation reported earnings of $0.25 per share, exceeding analysts' expectations of $0.23, with a revenue of $249.09 million, which is up 4.2% year-over-year.
• The company's recent quarterly dividend is set at $0.08 per share, indicating an annualized yield of 0.7%, with a payout ratio of 45.07%.

Trexquant Investment LP boosted its position in shares of Cognex Corporation (NASDAQ:CGNX - Free Report) by 46.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 636,867 shares of the scientific and technical instruments company's stock after purchasing an additional 202,173 shares during the period. Trexquant Investment LP owned about 0.38% of Cognex worth $18,998,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its holdings in Cognex by 439.4% during 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 purchasing an additional 791 shares during the last quarter. GAMMA Investing LLC grew its holdings 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 valued at $32,000 after purchasing an additional 646 shares during the last quarter. UMB Bank n.a. grew its holdings 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 valued at $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 valued at about $38,000. Finally, Caitong International Asset Management Co. Ltd grew its holdings in Cognex by 82.6% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,749 shares of the scientific and technical instruments company's stock valued at $52,000 after purchasing an additional 791 shares during the last quarter. 88.12% of the stock is currently owned by institutional investors.

Cognex Trading Down 0.6%

Shares of CGNX traded down $0.28 during mid-day trading on Tuesday, hitting $43.66. The company's stock had a trading volume of 961,147 shares, compared to its average volume of 2,093,551. The company's 50-day moving average is $37.53 and its 200-day moving average is $32.33. Cognex Corporation has a 52-week low of $22.67 and a 52-week high of $45.03. The firm has a market capitalization of $7.33 billion, a price-to-earnings ratio of 61.49 and a beta of 1.50.

Cognex (NASDAQ:CGNX - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The scientific and technical instruments company reported $0.25 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $246.70 million. During the same quarter in the prior year, the company earned $0.23 EPS. The company's revenue was up 4.2% compared to the same quarter last year. Cognex has set its Q3 2025 guidance at 0.240-0.290 EPS. As a group, sell-side analysts predict that Cognex Corporation will post 0.61 earnings per share for the current fiscal year.

Cognex Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were given a dividend of $0.08 per share. The ex-dividend date of this dividend 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%.

Analysts Set New Price Targets

CGNX has been the topic of several analyst reports. Robert W. Baird upped their price target on shares of Cognex from $30.00 to $32.00 and gave the company a "neutral" rating in a report on Monday, June 16th. UBS Group upped their target price on shares of Cognex from $53.00 to $58.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Needham & Company LLC upped their target price on shares of Cognex from $36.00 to $45.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. The Goldman Sachs Group upped their target price on shares of Cognex from $29.00 to $32.00 and gave the stock a "sell" rating in a research note on Thursday, June 12th. Finally, KeyCorp upgraded shares of Cognex from a "sector weight" rating to an "overweight" rating and set a $50.00 target price on the stock in a research note on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned 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, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $42.31.

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.