Teza Capital Management LLC Has $206,000 Stake in Cognex Corporation $CGNX

Key Points

• Teza Capital Management LLC significantly reduced its position in Cognex Corporation by 70.0%, now holding 6,906 shares valued at $206,000 after selling 16,133 shares.
• The company reported a net margin of 13.13% with a quarterly revenue of $249.09 million, exceeding analysts' expectations.
• Cognex announced a quarterly dividend of $0.08 per share, with a dividend yield of 0.7%, reflecting a payout ratio of 45.07%.

Teza Capital Management LLC decreased its holdings in shares of Cognex Corporation (NASDAQ:CGNX - Free Report) by 70.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,906 shares of the scientific and technical instruments company's stock after selling 16,133 shares during the quarter. Teza Capital Management LLC's holdings in Cognex were worth $206,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Teacher Retirement System of Texas boosted its holdings 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 worth $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% during 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. 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 worth $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 worth $890,000 after acquiring an additional 14,434 shares in the last quarter. Finally, Brown Advisory Inc. bought a new stake in Cognex during the first quarter worth $369,000. Institutional investors and hedge funds own 88.12% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Robert W. Baird upped their price target on shares of Cognex from $30.00 to $32.00 and gave the stock a "neutral" rating in a research report on Monday, June 16th. Citigroup reissued a "neutral" rating and issued a $37.00 price objective (up from $30.00) on shares of Cognex in a research report on Monday, July 14th. UBS Group increased their price objective on shares of Cognex from $53.00 to $58.00 and gave the company a "buy" rating in a research report on Friday, August 1st. The Goldman Sachs Group increased their price objective 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. Finally, DA Davidson increased their price objective on shares of Cognex from $32.00 to $35.00 and gave the company a "neutral" rating in a research report on Monday, August 4th. One equities research 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 given a Sell rating to the company's stock. According to MarketBeat, Cognex currently has an average rating of "Moderate Buy" and a consensus price target of $42.31.

Cognex Stock Performance

Shares of CGNX stock traded down $0.56 on Friday, hitting $44.39. The company's stock had a trading volume of 1,405,568 shares, compared to its average volume of 1,809,277. The stock's 50 day moving average is $39.81 and its 200-day moving average is $33.04. Cognex Corporation has a fifty-two week low of $22.67 and a fifty-two week high of $45.23. The company has a market capitalization of $7.45 billion, a PE ratio of 62.52 and a beta of 1.50.

Cognex (NASDAQ:CGNX - Get Free Report) last released its quarterly earnings results 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. Cognex had a net margin of 13.13% and a return on equity of 6.65%. The business had revenue of $249.09 million for the quarter, compared to the consensus estimate of $246.70 million. During the same period in the prior year, the company posted $0.23 earnings per share. Cognex's 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. On average, research analysts forecast that Cognex Corporation will post 0.61 earnings per share for the current year.

Cognex Dividend Announcement

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

Insider Activity at Cognex

In other Cognex news, EVP Sheila Marie Dipalma sold 2,002 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $45.00, for a total transaction of $90,090.00. Following the sale, the executive vice president directly owned 8,582 shares in the company, valued at $386,190. This represents a 18.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.60% of the company's stock.

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.