Riverbridge Partners LLC Sells 153,598 Shares of Cognex Corporation $CGNX

Key Points

• Riverbridge Partners LLC reduced its holdings in Cognex Corporation by 12.4%, selling 153,598 shares in the second quarter, and now owns approximately 0.65% of the company valued at $34.47 million.
• In the first quarter, several institutional investors increased their stakes in Cognex, with the Teacher Retirement System of Texas raising its position by 51.3% and GAMMA Investing LLC by 155.3%.
• Cognex recently reported a quarterly revenue of $249.09 million, surpassing analysts' expectations, and announced a dividend of $0.08 per share, representing a 0.7% yield annually.

Riverbridge Partners LLC decreased its holdings in Cognex Corporation (NASDAQ:CGNX - Free Report) by 12.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,086,561 shares of the scientific and technical instruments company's stock after selling 153,598 shares during the quarter. Riverbridge Partners LLC owned approximately 0.65% of Cognex worth $34,466,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Teacher Retirement System of Texas raised its position in Cognex by 51.3% in the 1st quarter. Teacher Retirement System of Texas now owns 48,640 shares of the scientific and technical instruments company's stock valued at $1,451,000 after purchasing an additional 16,489 shares during the last quarter. GAMMA Investing LLC raised 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 valued at $32,000 after purchasing an additional 646 shares during the last quarter. OneDigital Investment Advisors LLC raised its position in Cognex by 7.4% in the 1st quarter. OneDigital Investment Advisors LLC now owns 7,698 shares of the scientific and technical instruments company's stock valued at $230,000 after purchasing an additional 532 shares during the last quarter. Scientech Research LLC raised its position in Cognex by 93.8% in the 1st quarter. Scientech Research LLC now owns 29,828 shares of the scientific and technical instruments company's stock valued at $890,000 after purchasing an additional 14,434 shares during the last quarter. Finally, Brown Advisory Inc. bought a new position in Cognex in the 1st quarter valued at $369,000. Institutional investors own 88.12% of the company's stock.

Insider Activity at Cognex

In other Cognex news, EVP Sheila Marie Dipalma sold 2,000 shares of the business'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 completion of the transaction, the executive vice president directly owned 6,582 shares of the company's stock, valued at approximately $296,387.46. The trade was a 23.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.60% of the stock is currently owned by company insiders.

Cognex Stock Down 2.0%

Shares of Cognex stock opened at $45.52 on Thursday. Cognex Corporation has a 12 month low of $22.67 and a 12 month high of $47.52. The business has a fifty day simple moving average of $41.73 and a 200 day simple moving average of $33.75. The stock has a market cap of $7.64 billion, a PE ratio of 64.11 and a beta of 1.50.

Cognex (NASDAQ:CGNX - Get Free Report) last announced its quarterly earnings data 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. Cognex had a return on equity of 6.65% and a net margin of 13.13%.The business had revenue of $249.09 million during the quarter, compared to analysts' expectations of $246.70 million. During the same period in the previous year, the firm earned $0.23 earnings per share. The firm's quarterly revenue was up 4.2% compared to the same quarter last year. Cognex has set its Q3 2025 guidance at 0.240-0.290 EPS. Analysts expect that Cognex Corporation will post 0.61 EPS 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 paid a dividend of $0.08 per share. The ex-dividend date of this dividend 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 Upgrades and Downgrades

Several brokerages have issued reports on CGNX. Robert W. Baird lifted 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. Citigroup restated a "neutral" rating and set a $37.00 target price (up previously from $30.00) on shares of Cognex in a research report on Monday, July 14th. Needham & Company LLC boosted their target price on Cognex from $36.00 to $45.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. KeyCorp upgraded 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. Finally, DA Davidson boosted their target price on Cognex from $32.00 to $35.00 and gave the stock a "neutral" rating in a research report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.07.

About Cognex

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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