Jane Street Group LLC Purchases 398,408 Shares of Cognex Corporation $CGNX

Key Points

• Jane Street Group LLC significantly increased its stake in Cognex Corporation by 526.1%, acquiring an additional 398,408 shares during the first quarter, bringing its total holdings to approximately 474,132 shares valued at $14.14 million.
• Cognex reported a quarterly earnings per share of $0.25, exceeding analyst expectations, with a revenue of $249.09 million, showing a 4.2% increase year-over-year.
• The company announced a quarterly dividend of $0.08 per share, resulting in an annualized dividend yield of 0.7%, with a payout ratio of 45.07%.

Jane Street Group LLC lifted its position in shares of Cognex Corporation (NASDAQ:CGNX - Free Report) by 526.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 474,132 shares of the scientific and technical instruments company's stock after acquiring an additional 398,408 shares during the period. Jane Street Group LLC owned approximately 0.28% of Cognex worth $14,143,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC increased its position 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 grew its position in Cognex by 155.3% in the 1st quarter. GAMMA Investing LLC now owns 1,062 shares of the scientific and technical instruments company's stock worth $32,000 after purchasing an additional 646 shares during the period. UMB Bank n.a. grew its position in Cognex by 105.5% in the 1st quarter. UMB Bank n.a. now owns 1,280 shares of the scientific and technical instruments company's stock worth $38,000 after purchasing an additional 657 shares during the period. Global X Japan Co. Ltd. bought a new stake in Cognex in the 1st quarter worth approximately $38,000. Finally, Caitong International Asset Management Co. Ltd grew its position in Cognex by 82.6% in the 1st 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 purchasing an additional 791 shares during the period. Institutional investors own 88.12% of the company's stock.

Cognex Price Performance

Shares of Cognex stock opened at $43.94 on Friday. The company's fifty day simple moving average is $37.25 and its 200-day simple moving average is $32.26. The stock has a market capitalization of $7.38 billion, a PE ratio of 61.89 and a beta of 1.47. Cognex Corporation has a 1-year low of $22.67 and a 1-year high of $45.03.

Cognex (NASDAQ:CGNX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The scientific and technical instruments company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.02. The business 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 company's revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.23 EPS. Cognex has set its Q3 2025 guidance at 0.240-0.290 EPS. As a group, research analysts anticipate that Cognex Corporation will post 0.61 EPS for the current year.

Cognex Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were paid a dividend of $0.08 per share. The ex-dividend date 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%.

Analyst Ratings Changes

A number of research firms have commented on CGNX. Citigroup reaffirmed a "neutral" rating and issued a $37.00 target price (up previously from $30.00) on shares of Cognex in a research report on Monday, July 14th. DA Davidson lifted their target price 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. KeyCorp raised shares of Cognex from a "sector weight" rating to an "overweight" rating and set a $50.00 target price for the company in a research report on Friday, August 1st. UBS Group lifted their target price on shares of Cognex from $53.00 to $58.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Finally, Needham & Company LLC lifted their target price on shares of Cognex from $36.00 to $45.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Cognex currently has a consensus rating of "Moderate Buy" and an average 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.

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