State of Wyoming Sells 12,141 Shares of Cognex Corporation $CGNX

Key Points

• The State of Wyoming's stake in Cognex Corporation has decreased by 41.0%, selling 12,141 shares and retaining 17,478 shares worth approximately $521,000.
• Institutional investors collectively own 88.12% of Cognex's shares, with several other institutions increasing their holdings significantly in the last quarter.
• Cognex reported a 4.2% revenue increase year-over-year, achieving $0.25 EPS for the last quarter, surpassing expectations and projecting a Q3 2025 EPS guidance of 0.240-0.290.

State of Wyoming decreased its position in Cognex Corporation (NASDAQ:CGNX - Free Report) by 41.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,478 shares of the scientific and technical instruments company's stock after selling 12,141 shares during the quarter. State of Wyoming's holdings in Cognex were worth $521,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. First Trust Advisors LP grew its position in Cognex by 18.5% during the fourth quarter. First Trust Advisors LP now owns 89,544 shares of the scientific and technical instruments company's stock valued at $3,211,000 after buying an additional 13,951 shares during the period. Stifel Financial Corp grew its position in Cognex by 39.7% during the fourth quarter. Stifel Financial Corp now owns 99,197 shares of the scientific and technical instruments company's stock valued at $3,557,000 after buying an additional 28,195 shares during the period. Hsbc Holdings PLC bought a new position in Cognex during the fourth quarter valued at about $477,000. Quarry LP bought a new position in Cognex during the fourth quarter valued at about $53,000. Finally, Tudor Investment Corp ET AL bought a new position in Cognex during the fourth quarter valued at about $3,127,000. Institutional investors own 88.12% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Citigroup restated a "neutral" rating and set a $37.00 price target (up previously from $30.00) on shares of Cognex in a research report on Monday, July 14th. Robert W. Baird increased their price target on shares of Cognex from $30.00 to $32.00 and gave the company a "neutral" rating in a research report on Monday, June 16th. The Goldman Sachs Group increased their price target on shares of Cognex from $29.00 to $32.00 and gave the company a "sell" rating in a research report on Thursday, June 12th. Melius upgraded shares of Cognex from a "hold" rating to a "buy" rating and set a $60.00 price target for the company in a research report on Thursday, July 10th. Finally, KeyCorp upgraded shares of Cognex from a "sector weight" rating to an "overweight" rating and set a $50.00 price target for the company in a research report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Cognex has a consensus rating of "Moderate Buy" and an average target price of $42.31.

Cognex Stock Down 0.2%

NASDAQ CGNX opened at $43.94 on Friday. The company has a market cap of $7.38 billion, a PE ratio of 61.89 and a beta of 1.47. Cognex Corporation has a 52 week low of $22.67 and a 52 week high of $45.03. The firm's 50-day simple moving average is $37.25 and its two-hundred day simple moving average is $32.31.

Cognex (NASDAQ:CGNX - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The scientific and technical instruments company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. The business had revenue of $249.09 million for 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 company's revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.23 earnings per share. Cognex has set its Q3 2025 guidance at 0.240-0.290 EPS. As a group, equities research analysts anticipate that Cognex Corporation will post 0.61 EPS for the current year.

Cognex Announces Dividend

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

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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