Cognex Corporation $CGNX is Kopion Asset Management LLC's 9th Largest Position

Key Points

• Kopion Asset Management LLC increased its stake in Cognex Corporation by 16.3% during Q2, now holding a total of 284,193 shares valued at approximately $9 million.
• Other institutional investors, such as T. Rowe Price and Mackenzie Financial Corp, also significantly increased their holdings in Cognex by 32.0% and 126.2%, respectively, during the first quarter.
• Cognex recently reported earnings of $0.25 per share, exceeding analysts' expectations, along with a quarterly dividend of $0.08, reflecting a 0.7% dividend yield.

Kopion Asset Management LLC raised its position in shares of Cognex Corporation (NASDAQ:CGNX - Free Report) by 16.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 284,193 shares of the scientific and technical instruments company's stock after purchasing an additional 39,891 shares during the period. Cognex makes up approximately 6.1% of Kopion Asset Management LLC's holdings, making the stock its 9th largest holding. Kopion Asset Management LLC owned approximately 0.17% of Cognex worth $9,015,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CGNX. T. Rowe Price Investment Management Inc. raised its stake 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 acquiring an additional 1,474,832 shares in the last quarter. Mackenzie Financial Corp raised its stake 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 acquiring an additional 2,571,457 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake 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 acquiring an additional 647,955 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Cognex by 1.9% during the first quarter. Bank of New York Mellon Corp now owns 2,131,538 shares of the scientific and technical instruments company's stock worth $63,584,000 after acquiring an additional 38,857 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Cognex by 5.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,507,022 shares of the scientific and technical instruments company's stock worth $44,954,000 after acquiring an additional 79,266 shares in the last quarter. Hedge funds and other institutional investors own 88.12% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on CGNX shares. JPMorgan Chase & Co. started coverage on shares of Cognex in a research note on Monday. They set a "neutral" rating and a $45.00 price target on the stock. Melius upgraded Cognex from a "hold" rating to a "buy" rating and set a $60.00 price objective for the company in a research report on Thursday, July 10th. KeyCorp upgraded Cognex from a "sector weight" rating to an "overweight" rating and set a $50.00 price objective for the company in a research report on Friday, August 1st. Robert W. Baird boosted their price objective on Cognex from $30.00 to $32.00 and gave the company a "neutral" rating in a research report on Monday, June 16th. Finally, UBS Group boosted their price objective on Cognex from $53.00 to $58.00 and gave the company a "buy" rating in a research report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.07.

Insiders Place Their Bets

In related news, EVP Sheila Marie Dipalma sold 2,002 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $45.00, for a total transaction of $90,090.00. Following 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.60% of the stock is currently owned by company insiders.

Cognex Price Performance

Cognex stock traded down $0.08 during mid-day trading on Friday, reaching $46.11. The stock had a trading volume of 969,869 shares, compared to its average volume of 2,087,619. The company has a market capitalization of $7.74 billion, a price-to-earnings ratio of 64.94 and a beta of 1.50. The company has a 50-day moving average price of $40.73 and a two-hundred day moving average price of $33.37. Cognex Corporation has a one year low of $22.67 and a one year high of $46.42.

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

Cognex Announces Dividend

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

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.