Foster Victor Wealth Advisors LLC Acquires 25,394 Shares of Cognex Corporation $CGNX

Key Points

• Foster Victor Wealth Advisors LLC increased its stake in Cognex Corporation by 5.8%, acquiring an additional 25,394 shares, bringing its total ownership to 466,276 shares valued at approximately $15.54 million.
• Several institutional investors significantly boosted their holdings in Cognex, with Mackenzie Financial Corp increasing its position by 126.2% and SG Americas Securities LLC raising its stake by an astounding 16,472.8%.
• Cognex recently reported quarterly earnings that surpassed expectations, with a net margin of 13.13% and a revenue increase of 4.2% year-over-year, projecting a Q3 2025 EPS guidance of $0.240-0.290.

Foster Victor Wealth Advisors LLC boosted its stake in shares of Cognex Corporation (NASDAQ:CGNX - Free Report) by 5.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 466,276 shares of the scientific and technical instruments company's stock after buying an additional 25,394 shares during the period. Foster Victor Wealth Advisors LLC owned 0.28% of Cognex worth $15,536,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mackenzie Financial Corp raised its position in shares of Cognex by 126.2% in the 1st quarter. Mackenzie Financial Corp now owns 4,609,802 shares of the scientific and technical instruments company's stock worth $137,510,000 after acquiring an additional 2,571,457 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in Cognex by 32.0% in the first quarter. T. Rowe Price Investment Management Inc. now owns 6,082,319 shares of the scientific and technical instruments company's stock valued at $181,436,000 after purchasing an additional 1,474,832 shares during the last quarter. SG Americas Securities LLC raised its holdings in Cognex by 16,472.8% in the first quarter. SG Americas Securities LLC now owns 819,028 shares of the scientific and technical instruments company's stock worth $24,432,000 after purchasing an additional 814,086 shares in the last quarter. ING Groep NV purchased a new stake in shares of Cognex during the first quarter valued at about $22,191,000. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Cognex by 34.3% in the 1st 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 buying an additional 647,955 shares during the last quarter. 88.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Sheila Marie Dipalma sold 2,002 shares of Cognex stock in a transaction on Friday, September 5th. The shares were sold at an average price of $45.00, for a total value of $90,090.00. Following the sale, the executive vice president owned 8,582 shares of the company's stock, valued at approximately $386,190. This trade represents a 18.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have weighed in on CGNX. DA Davidson raised their target price on shares of Cognex from $32.00 to $35.00 and gave the company a "neutral" rating in a research note on Monday, August 4th. UBS Group increased their price objective on Cognex from $53.00 to $58.00 and gave the company a "buy" rating in a report on Friday, August 1st. JPMorgan Chase & Co. started coverage on Cognex in a research note on Monday, September 15th. They set a "neutral" rating and a $45.00 target price on the stock. Robert W. Baird increased their price target on Cognex from $30.00 to $32.00 and gave the company a "neutral" rating in a research note on Monday, June 16th. Finally, Needham & Company LLC boosted their price target on Cognex from $36.00 to $45.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $43.07.

Cognex Stock Performance

CGNX opened at $46.43 on Wednesday. The company has a fifty day moving average of $41.49 and a two-hundred day moving average of $33.67. The stock has a market capitalization of $7.80 billion, a price-to-earnings ratio of 65.40 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.

Cognex (NASDAQ:CGNX - Get Free Report) last posted its 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 prior year, the company posted $0.23 EPS. The company'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. On average, equities research analysts forecast that Cognex Corporation will post 0.61 earnings per share for the current year.

Cognex Dividend Announcement

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

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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