Russell Investments Group Ltd. Trims Stock Holdings in Cognex Corporation $CGNX

Key Points

• Russell Investments Group Ltd. reduced its stake in Cognex Corporation by 22.4% in the first quarter, owning a total of 76,475 shares valued at approximately $2.28 million after selling 22,062 shares during the period.
• In contrast, Farther Finance Advisors LLC increased its holdings in Cognex by 439.4%, reflecting a notable shift in institutional investment interest towards the company.
• Cognex reported earnings of $0.25 per share for the last quarter, exceeding expectations, and set a Q3 2025 EPS guidance at between 0.240 and 0.290.

Russell Investments Group Ltd. lessened its holdings in shares of Cognex Corporation (NASDAQ:CGNX - Free Report) by 22.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 76,475 shares of the scientific and technical instruments company's stock after selling 22,062 shares during the quarter. Russell Investments Group Ltd.'s holdings in Cognex were worth $2,281,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CGNX. Teacher Retirement System of Texas raised its holdings 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 buying an additional 16,489 shares during the period. GAMMA Investing LLC raised its holdings 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 buying an additional 646 shares during the period. OneDigital Investment Advisors LLC raised its holdings 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 buying an additional 532 shares during the period. Brown Advisory Inc. purchased a new stake in Cognex in the 1st quarter valued at about $369,000. Finally, Nuveen Asset Management LLC raised its holdings in Cognex by 3.2% in the 4th quarter. Nuveen Asset Management LLC now owns 457,636 shares of the scientific and technical instruments company's stock valued at $16,411,000 after buying an additional 14,396 shares during the period. Hedge funds and other institutional investors own 88.12% of the company's stock.

Cognex Stock Down 0.5%

CGNX traded down $0.22 on Thursday, reaching $44.03. The company's stock had a trading volume of 1,857,610 shares, compared to its average volume of 2,433,256. The stock has a 50 day moving average of $36.96 and a two-hundred day moving average of $32.28. The company has a market capitalization of $7.39 billion, a price-to-earnings ratio of 62.01 and a beta of 1.47. Cognex Corporation has a fifty-two week low of $22.67 and a fifty-two week high of $45.03.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.23 by $0.02. The firm had revenue of $249.09 million during the quarter, compared to the consensus estimate of $246.70 million. Cognex had a return on equity of 6.65% and a net margin of 13.13%.The firm's quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.23 earnings per share. Cognex has set its Q3 2025 guidance at 0.240-0.290 EPS. As a group, analysts anticipate that Cognex Corporation will post 0.61 earnings per share for the current fiscal year.

Cognex Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th will be paid a $0.08 dividend. The ex-dividend date is Thursday, August 14th. This represents a $0.32 dividend on an annualized basis and a yield of 0.7%. Cognex's payout ratio is currently 45.07%.

Analysts Set New Price Targets

A number of brokerages have issued reports on CGNX. UBS Group boosted their price target on shares of Cognex from $53.00 to $58.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. DA Davidson boosted their price target on shares of Cognex from $32.00 to $35.00 and gave the stock a "neutral" rating in a research note on Monday, August 4th. Needham & Company LLC boosted their price target on shares of Cognex from $36.00 to $45.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Melius raised 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. Finally, Robert W. Baird boosted their price objective on Cognex from $30.00 to $32.00 and gave the stock a "neutral" rating in a research report on Monday, June 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Cognex presently has a consensus rating of "Moderate Buy" and an average price target 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.