Invesco Ltd. Sells 809,626 Shares of Cognex Corporation $CGNX

Key Points

• Invesco Ltd. sold 809,626 shares of Cognex Corporation, reducing its holdings by 70.2% to 343,550 shares valued at approximately $10.25 million.
• Cognex reported a quarterly earnings per share (EPS) of $0.25, exceeding estimates, with revenue of $249.09 million, reflecting a 4.2% year-over-year increase.
• The company declared a quarterly dividend of $0.08 per share, which will be paid to shareholders on August 28th, with an annualized yield of 0.7%.

Invesco Ltd. trimmed its holdings in shares of Cognex Corporation (NASDAQ:CGNX - Free Report) by 70.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 343,550 shares of the scientific and technical instruments company's stock after selling 809,626 shares during the quarter. Invesco Ltd. owned approximately 0.20% of Cognex worth $10,248,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CGNX. Mackenzie Financial Corp grew its position in 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 valued at $137,510,000 after buying an additional 2,571,457 shares during the period. SG Americas Securities LLC grew its position in Cognex by 16,472.8% during the first quarter. SG Americas Securities LLC now owns 819,028 shares of the scientific and technical instruments company's stock valued at $24,432,000 after buying an additional 814,086 shares during the period. ING Groep NV bought a new stake in Cognex during the first quarter valued at approximately $22,191,000. Millennium Management LLC grew its position in Cognex by 464.6% during the fourth quarter. Millennium Management LLC now owns 782,576 shares of the scientific and technical instruments company's stock valued at $28,063,000 after buying an additional 643,959 shares during the period. Finally, AQR Capital Management LLC grew its position in Cognex by 139.7% during the fourth quarter. AQR Capital Management LLC now owns 1,096,710 shares of the scientific and technical instruments company's stock valued at $39,328,000 after buying an additional 639,258 shares during the period. 88.12% of the stock is currently owned by institutional investors.

Cognex Trading Down 0.5%

Shares of NASDAQ CGNX traded down $0.22 during mid-day trading on Thursday, reaching $44.03. The company had a trading volume of 1,857,605 shares, compared to its average volume of 2,105,347. The business's 50-day moving average is $36.68 and its 200-day moving average is $32.25. The stock has a market cap of $7.39 billion, a price-to-earnings ratio of 62.01 and a beta of 1.47. Cognex Corporation has a 52 week low of $22.67 and a 52 week high of $45.03.

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 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.02. The firm had revenue of $249.09 million for the quarter, compared to analysts' expectations of $246.70 million. Cognex had a net margin of 13.13% and a return on equity of 6.65%. The business's revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.23 earnings per share. Cognex has set its Q3 2025 guidance at 0.240-0.290 EPS. As a group, equities research analysts forecast that Cognex Corporation will post 0.61 earnings per share for the current year.

Cognex Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CGNX shares. DA Davidson upped their price target on shares of Cognex from $32.00 to $35.00 and gave the stock a "neutral" rating in a research report on Monday, August 4th. Melius upgraded shares of Cognex from a "hold" rating to a "buy" rating and set a $60.00 price target for the company in a research report on Thursday, July 10th. The Goldman Sachs Group upped their price target on shares of Cognex from $29.00 to $32.00 and gave the stock a "sell" rating in a research report on Thursday, June 12th. KeyCorp upgraded shares of Cognex from a "sector weight" rating to an "overweight" rating and set a $50.00 price target for the company in a research report on Friday, August 1st. Finally, UBS Group boosted their target price on shares of Cognex from $53.00 to $58.00 and gave the stock a "buy" rating in a report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $42.31.

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.