Cwm LLC Buys 69,307 Shares of Cognex Corporation $CGNX

Key Points

• Cwm LLC increased its stake in Cognex Corporation by 145.2%, acquiring an additional 69,307 shares to reach a total of 117,039 shares valued at approximately $3.71 million.
• Cognex reported earnings of $0.25 per share in its recent quarterly results, surpassing analysts' expectations and achieving a revenue of $249.09 million.
• Analysts have given Cognex a consensus rating of "Moderate Buy" with a target price averaging $44.93, reflecting positive sentiment towards the company's growth potential.

Cwm LLC grew its stake in shares of Cognex Corporation (NASDAQ:CGNX - Free Report) by 145.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 117,039 shares of the scientific and technical instruments company's stock after buying an additional 69,307 shares during the period. Cwm LLC owned 0.07% of Cognex worth $3,712,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of CGNX. Mackenzie Financial Corp grew its holdings in shares of Cognex by 126.2% during the first quarter. Mackenzie Financial Corp now owns 4,609,802 shares of the scientific and technical instruments company's stock worth $137,510,000 after purchasing an additional 2,571,457 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of Cognex by 32.0% during the first quarter. T. Rowe Price Investment Management Inc. now owns 6,082,319 shares of the scientific and technical instruments company's stock worth $181,436,000 after purchasing an additional 1,474,832 shares in the last quarter. ING Groep NV purchased a new position in shares of Cognex during the first quarter worth about $22,191,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Cognex by 34.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,539,557 shares of the scientific and technical instruments company's stock worth $75,756,000 after purchasing an additional 647,955 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Cognex during the second quarter worth about $17,268,000. Hedge funds and other institutional investors own 88.12% of the company's stock.

Cognex Stock Performance

NASDAQ:CGNX opened at $46.32 on Friday. The firm has a market cap of $7.78 billion, a PE ratio of 65.24 and a beta of 1.50. 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 price of $44.51 and a 200-day moving average price of $35.31.

Cognex (NASDAQ:CGNX - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The scientific and technical instruments company reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.23 by $0.02. The firm had revenue of $249.09 million during the quarter, compared to analyst estimates of $246.70 million. Cognex had a return on equity of 6.65% and a net margin of 13.13%.The business's quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.23 earnings per share. Cognex has set its Q3 2025 guidance at 0.240-0.290 EPS. Research analysts predict that Cognex Corporation will post 0.61 EPS for the current year.

Cognex Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have issued reports on CGNX. KeyCorp raised Cognex from a "sector weight" rating to an "overweight" rating and set a $50.00 target price for the company in a research note on Friday, August 1st. JPMorgan Chase & Co. began coverage on Cognex in a research note on Monday, September 15th. They issued a "neutral" rating and a $45.00 target price for the company. DA Davidson upped their target price on Cognex from $32.00 to $35.00 and gave the stock a "neutral" rating in a research note on Monday, August 4th. Citigroup reaffirmed a "neutral" rating and issued a $37.00 target price (up previously from $30.00) on shares of Cognex in a research note on Monday, July 14th. Finally, Needham & Company LLC upped their target price on Cognex from $36.00 to $45.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Cognex currently has a consensus rating of "Moderate Buy" and a consensus target price of $44.93.

Insider Activity at Cognex

In related news, EVP Sheila Marie Dipalma sold 2,002 shares of the company's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $45.00, for a total transaction of $90,090.00. Following the completion of the transaction, the executive vice president owned 8,582 shares in the company, valued at $386,190. This represents a 18.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

Cognex 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.

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