Electron Capital Partners LLC Takes $10.32 Million Position in Cognex Corporation $CGNX

Key Points

• Electron Capital Partners LLC has acquired a new stake in Cognex Corporation, purchasing 346,041 shares valued at approximately $10.32 million, making it the firm's 22nd largest holding.
• Cognex reported a quarterly earnings per share (EPS) of $0.25, exceeding analysts' expectations, and has set a Q3 2025 guidance of 0.240-0.290 EPS.
• The company recently announced a quarterly dividend of $0.08, representing an annualized dividend yield of 0.7%.

Electron Capital Partners LLC purchased a new stake in shares of Cognex Corporation (NASDAQ:CGNX - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 346,041 shares of the scientific and technical instruments company's stock, valued at approximately $10,322,000. Cognex makes up about 0.7% of Electron Capital Partners LLC's portfolio, making the stock its 22nd largest position. Electron Capital Partners LLC owned about 0.21% of Cognex at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC raised its stake in shares of Cognex by 439.4% during the first 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 in the last quarter. GAMMA Investing LLC increased its holdings in Cognex by 155.3% during the first quarter. GAMMA Investing LLC now owns 1,062 shares of the scientific and technical instruments company's stock valued at $32,000 after buying an additional 646 shares during the period. UMB Bank n.a. increased its holdings in Cognex by 105.5% during the first quarter. UMB Bank n.a. now owns 1,280 shares of the scientific and technical instruments company's stock valued at $38,000 after buying an additional 657 shares during the period. Global X Japan Co. Ltd. purchased a new position in Cognex during the first quarter valued at approximately $38,000. Finally, Caitong International Asset Management Co. Ltd increased its holdings in Cognex by 82.6% during the first 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 buying an additional 791 shares during the period. Institutional investors own 88.12% of the company's stock.

Wall Street Analyst Weigh In

CGNX has been the topic of several research reports. Robert W. Baird lifted their price objective on shares of Cognex from $30.00 to $32.00 and gave the company a "neutral" rating in a report on Monday, June 16th. The Goldman Sachs Group lifted their price objective on shares of Cognex from $29.00 to $32.00 and gave the company a "sell" rating in a report on Thursday, June 12th. Melius raised shares of Cognex from a "hold" rating to a "buy" rating and set a $60.00 price objective on the stock in a report on Thursday, July 10th. Needham & Company LLC lifted their price objective on shares of Cognex from $36.00 to $45.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Finally, Citigroup reissued a "neutral" rating and set a $37.00 price objective (up from $30.00) on shares of Cognex in a report on Monday, July 14th. One equities research 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 data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $42.31.

Cognex Price Performance

NASDAQ CGNX traded down $0.33 on Monday, hitting $44.61. The stock had a trading volume of 1,723,639 shares, compared to its average volume of 2,094,199. The business's fifty day moving average price is $38.59 and its 200 day moving average price is $32.64. Cognex Corporation has a 52-week low of $22.67 and a 52-week high of $45.23. The stock has a market cap of $7.49 billion, a price-to-earnings ratio of 62.83 and a beta of 1.50.

Cognex (NASDAQ:CGNX - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The scientific and technical instruments company reported $0.25 earnings per share (EPS) 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 business had revenue of $249.09 million for the quarter, compared to analyst estimates of $246.70 million. During the same period in the previous year, the company earned $0.23 earnings per share. The business's revenue for the quarter was up 4.2% on a year-over-year basis. Cognex has set its Q3 2025 guidance at 0.240-0.290 EPS. As a group, sell-side analysts anticipate that Cognex Corporation will post 0.61 EPS for the current year.

Cognex Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were issued 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 dividend yield of 0.7%. Cognex's payout ratio is 45.07%.

Insider Buying and Selling at Cognex

In other news, EVP Sheila Marie Dipalma sold 2,000 shares of the business's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $45.03, for a total transaction of $90,060.00. Following the sale, the executive vice president directly 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 through this hyperlink. 1.60% of the stock is owned by company insiders.

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.