Cognex Corporation $CGNX Stock Position Raised by Values First Advisors Inc.

Key Points

• Values First Advisors Inc. increased its holdings in Cognex Corporation by 46.9%, now owning 62,280 shares valued at approximately $1.98 million.
• Institutional investors collectively hold 88.12% of Cognex's stock, with various funds significantly boosting their positions in the company during the first quarter.
• Cognex reported $0.25 earnings per share for the last quarter, exceeding analysts' forecasts, with a quarterly revenue of $249.09 million, a 4.2% increase from the previous year.

Values First Advisors Inc. lifted its holdings in Cognex Corporation (NASDAQ:CGNX - Free Report) by 46.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,280 shares of the scientific and technical instruments company's stock after buying an additional 19,897 shares during the period. Cognex comprises approximately 1.1% of Values First Advisors Inc.'s portfolio, making the stock its 17th biggest position. Values First Advisors Inc.'s holdings in Cognex were worth $1,976,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Teacher Retirement System of Texas boosted its position in shares of Cognex by 51.3% in the first quarter. Teacher Retirement System of Texas now owns 48,640 shares of the scientific and technical instruments company's stock worth $1,451,000 after buying an additional 16,489 shares during the period. GAMMA Investing LLC boosted its position in shares of 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 buying an additional 646 shares during the period. OneDigital Investment Advisors LLC boosted its position in shares of 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 buying an additional 532 shares during the period. Scientech Research LLC boosted its position in shares of Cognex by 93.8% in the first quarter. Scientech Research LLC now owns 29,828 shares of the scientific and technical instruments company's stock worth $890,000 after buying an additional 14,434 shares during the period. Finally, Brown Advisory Inc. acquired a new stake in shares of Cognex in the first quarter worth $369,000. Institutional investors and hedge funds own 88.12% of the company's stock.

Insider Buying and Selling at Cognex

In other Cognex news, EVP Sheila Marie Dipalma sold 2,000 shares of the business's 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 owned 6,582 shares of the company's stock, valued at $296,387.46. The trade was a 23.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently commented on CGNX shares. Melius raised Cognex from a "hold" rating to a "buy" rating and set a $60.00 target price for the company in a research report on Thursday, July 10th. Weiss Ratings reissued a "hold (c)" rating on shares of Cognex in a research report on Wednesday, October 8th. Needham & Company LLC lifted their price objective on Cognex from $36.00 to $45.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Truist Financial set a $45.00 price objective on Cognex and gave the company a "hold" rating in a research report on Wednesday, October 8th. Finally, UBS Group lifted their price objective on Cognex from $53.00 to $58.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Cognex presently has an average rating of "Moderate Buy" and an average target price of $44.93.

Cognex Price Performance

Shares of NASDAQ:CGNX opened at $46.32 on Friday. Cognex Corporation has a fifty-two week low of $22.67 and a fifty-two week high of $47.52. The business has a 50-day moving average of $44.51 and a two-hundred day moving average of $35.31. The stock has a market capitalization of $7.78 billion, a P/E ratio of 65.24 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 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 company had revenue of $249.09 million during the quarter, compared to analysts' expectations of $246.70 million. During the same quarter in the previous year, the firm earned $0.23 earnings per share. The business's quarterly 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, research analysts expect that Cognex Corporation will post 0.61 EPS for the current fiscal year.

Cognex Announces Dividend

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

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