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Roubaix Capital LLC Raises Position in Cognex Corporation $CGNX

Cognex logo with Computer and Technology background

Key Points

  • Roubaix Capital LLC increased its stake in Cognex Corporation by 10.5% in the first quarter, owning a total of 100,528 shares worth approximately $2.99 million.
  • Cognex will pay a quarterly dividend of $0.08 per share on August 28th, which represents an annualized dividend of $0.32 and a yield of 0.7%.
  • The company reported $0.25 earnings per share (EPS) for the last quarter, surpassing analysts' expectations of $0.23, while year-over-year revenue grew by 4.2%.
  • Want stock alerts on Cognex? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Roubaix Capital LLC raised its stake in Cognex Corporation (NASDAQ:CGNX - Free Report) by 10.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 100,528 shares of the scientific and technical instruments company's stock after acquiring an additional 9,589 shares during the quarter. Roubaix Capital LLC owned approximately 0.06% of Cognex worth $2,999,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Fox Run Management L.L.C. acquired a new position in shares of Cognex in the first quarter worth $1,243,000. Neuberger Berman Group LLC raised its holdings in shares of Cognex by 21.1% in the first quarter. Neuberger Berman Group LLC now owns 30,611 shares of the scientific and technical instruments company's stock worth $913,000 after acquiring an additional 5,329 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of Cognex by 82.6% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,749 shares of the scientific and technical instruments company's stock worth $52,000 after acquiring an additional 791 shares during the last quarter. Thomas Story & Son LLC raised its holdings in shares of Cognex by 3.5% in the first quarter. Thomas Story & Son LLC now owns 150,871 shares of the scientific and technical instruments company's stock worth $4,500,000 after acquiring an additional 5,139 shares during the last quarter. Finally, HighTower Advisors LLC raised its holdings in shares of Cognex by 6.7% in the first quarter. HighTower Advisors LLC now owns 23,139 shares of the scientific and technical instruments company's stock worth $690,000 after acquiring an additional 1,461 shares during the last quarter. 88.12% of the stock is owned by institutional investors and hedge funds.

Cognex Price Performance

CGNX stock traded up $2.0550 during trading on Friday, reaching $44.7950. 642,471 shares of the stock traded hands, compared to its average volume of 2,099,393. The business's 50 day moving average price is $35.56 and its 200-day moving average price is $32.09. Cognex Corporation has a 52-week low of $22.67 and a 52-week high of $44.85. The firm has a market capitalization of $7.52 billion, a PE ratio of 63.09 and a beta of 1.47.

Cognex (NASDAQ:CGNX - Get Free Report) last posted its quarterly 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. Cognex had a return on equity of 6.65% and a net margin of 13.13%.The firm had revenue of $249.09 million during the quarter, compared to the consensus estimate of $246.70 million. During the same quarter in the previous year, the business earned $0.23 earnings per share. The firm'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. On average, equities research analysts predict that Cognex Corporation will post 0.61 earnings per share for the current year.

Cognex Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CGNX shares. UBS Group boosted their price target on Cognex from $53.00 to $58.00 and gave the stock a "buy" rating in a report on Friday, August 1st. DA Davidson lifted their price objective on Cognex from $32.00 to $35.00 and gave the company a "neutral" rating in a research report on Monday, August 4th. TD Cowen raised Cognex from a "hold" rating to a "buy" rating and set a $35.00 price objective for the company in a research report on Monday, April 28th. The Goldman Sachs Group lifted their price objective on Cognex from $29.00 to $32.00 and gave the company a "sell" rating in a research report on Thursday, June 12th. Finally, 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. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $42.31.

View Our Latest Stock Report on Cognex

About Cognex

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Cognex (NASDAQ:CGNX)

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