Cognex Corporation $CGNX Shares Sold by Swedbank AB

Key Points

• Swedbank AB reduced its stake in Cognex Corporation by 5.9%, selling 100,000 shares during the first quarter, bringing its total holdings to 1,600,000 shares valued at approximately $47.7 million.
• Several analysts have given Cognex a consensus rating of "Moderate Buy", with price targets ranging from $36.00 to $60.00, reflecting positive market sentiment.
• Cognex recently reported earnings of $0.25 per share, exceeding analyst expectations, and declared a quarterly dividend of $0.08 per share, yielding about 0.7%.

Swedbank AB trimmed its position in Cognex Corporation (NASDAQ:CGNX - Free Report) by 5.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,600,000 shares of the scientific and technical instruments company's stock after selling 100,000 shares during the quarter. Swedbank AB owned about 0.95% of Cognex worth $47,728,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Teacher Retirement System of Texas raised its position in Cognex by 51.3% during the first 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 acquiring an additional 16,489 shares in the last quarter. GAMMA Investing LLC raised its position in Cognex by 155.3% during the first quarter. GAMMA Investing LLC now owns 1,062 shares of the scientific and technical instruments company's stock valued at $32,000 after acquiring an additional 646 shares in the last quarter. OneDigital Investment Advisors LLC raised its position in Cognex by 7.4% during the first quarter. OneDigital Investment Advisors LLC now owns 7,698 shares of the scientific and technical instruments company's stock valued at $230,000 after acquiring an additional 532 shares in the last quarter. Scientech Research LLC raised its position in Cognex by 93.8% during the first quarter. Scientech Research LLC now owns 29,828 shares of the scientific and technical instruments company's stock valued at $890,000 after acquiring an additional 14,434 shares in the last quarter. Finally, Brown Advisory Inc. purchased a new position in Cognex during the first quarter valued at approximately $369,000. 88.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Needham & Company LLC lifted their price target on Cognex from $36.00 to $45.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. The Goldman Sachs Group lifted their price target on Cognex from $36.00 to $40.00 and gave the company a "sell" rating in a research report on Tuesday. Robert W. Baird lifted their price target on Cognex from $30.00 to $32.00 and gave the company a "neutral" rating in a research report on Monday, June 16th. UBS Group raised their price objective 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 price objective on the stock in a report on Thursday, July 10th. 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's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $43.07.

Cognex Stock Performance

Shares of NASDAQ:CGNX traded up $1.57 during trading on Thursday, reaching $45.65. The stock had a trading volume of 1,469,972 shares, compared to its average volume of 2,081,625. The business has a fifty day moving average price of $40.50 and a 200-day moving average price of $33.28. The stock has a market cap of $7.66 billion, a PE ratio of 64.55 and a beta of 1.50. Cognex Corporation has a 1-year low of $22.67 and a 1-year high of $45.81.

Cognex (NASDAQ:CGNX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The scientific and technical instruments company reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.02. The firm had revenue of $249.09 million for the quarter, compared to analyst estimates of $246.70 million. Cognex had a return on equity of 6.65% and a net margin of 13.13%.The business's revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.23 earnings per share. Cognex has set its Q3 2025 guidance at 0.240-0.290 EPS. Sell-side analysts expect that Cognex Corporation will post 0.61 earnings per share 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 paid a $0.08 dividend. 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 currently 45.07%.

Insider Activity

In other Cognex news, EVP Sheila Marie Dipalma sold 2,000 shares of the business's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $45.03, for a total transaction of $90,060.00. Following the transaction, the executive vice president 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 filing with the SEC, which is accessible through the SEC website. 1.60% of the stock is owned by corporate insiders.

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.