Lecap Asset Management Ltd. Cuts Position in Cognex Corporation $CGNX

Key Points

• Lecap Asset Management Ltd. has reduced its stake in Cognex Corporation (CGNX) by 41.4%, now holding 30,673 shares worth approximately $973,000 after selling 21,663 shares.
• For Q2, Cognex reported earnings of $0.25 per share, exceeding analysts' expectations of $0.23, with revenues of $249.09 million, a 4.2% increase year-over-year.
• Cognex recently declared a quarterly dividend of $0.08 per share, resulting in an annualized dividend yield of 0.7%.

Lecap Asset Management Ltd. decreased its holdings in Cognex Corporation (NASDAQ:CGNX - Free Report) by 41.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,673 shares of the scientific and technical instruments company's stock after selling 21,663 shares during the quarter. Lecap Asset Management Ltd.'s holdings in Cognex were worth $973,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Geneos Wealth Management Inc. raised its position in Cognex by 402.2% in the first quarter. Geneos Wealth Management Inc. now owns 919 shares of the scientific and technical instruments company's stock worth $27,000 after acquiring an additional 736 shares in the last quarter. Farther Finance Advisors LLC raised its position in Cognex by 439.4% in the first quarter. Farther Finance Advisors LLC now owns 971 shares of the scientific and technical instruments company's stock worth $29,000 after acquiring an additional 791 shares in the last quarter. GAMMA Investing LLC raised its position in Cognex by 155.3% in the first quarter. GAMMA Investing LLC now owns 1,062 shares of the scientific and technical instruments company's stock worth $32,000 after acquiring an additional 646 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in Cognex by 231.9% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,082 shares of the scientific and technical instruments company's stock worth $34,000 after acquiring an additional 756 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in Cognex by 105.5% in 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 purchasing an additional 657 shares during the last quarter. Hedge funds and other institutional investors own 88.12% of the company's stock.

Cognex Stock Down 0.4%

CGNX opened at $45.64 on Friday. The firm has a market cap of $7.66 billion, a P/E ratio of 64.28 and a beta of 1.50. Cognex Corporation has a 52 week low of $22.67 and a 52 week high of $47.52. The business's fifty day simple moving average is $43.10 and its 200 day simple moving average is $34.32.

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

Cognex Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, August 14th. Cognex's dividend payout ratio (DPR) is presently 45.07%.

Insider Transactions at Cognex

In other Cognex news, EVP Sheila Marie Dipalma sold 2,000 shares of the firm's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $45.03, for a total value of $90,060.00. Following the sale, the executive vice president directly owned 6,582 shares of the company's stock, valued at approximately $296,387.46. This trade represents a 23.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CGNX shares. Robert W. Baird upped their target price on Cognex from $30.00 to $32.00 and gave the company a "neutral" rating in a report on Monday, June 16th. DA Davidson upped their target price on Cognex from $32.00 to $35.00 and gave the company a "neutral" rating in a report on Monday, August 4th. The Goldman Sachs Group upped their target price on Cognex from $36.00 to $40.00 and gave the company a "sell" rating in a report on Tuesday, September 16th. UBS Group upped their target price on Cognex from $53.00 to $58.00 and gave the company a "buy" rating in a report on Friday, August 1st. Finally, Melius raised Cognex from a "hold" rating to a "buy" rating and set a $60.00 target price on the stock in a report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $43.07.

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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