Teza Capital Management LLC Sells 16,133 Shares of 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 cut its stake in shares of Cognex Corporation (NASDAQ:CGNX - Free Report) by 70.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,906 shares of the scientific and technical instruments company's stock after selling 16,133 shares during the period. Teza Capital Management LLC's holdings in Cognex were worth $206,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Covestor Ltd grew its stake in Cognex by 17.6% in the first quarter. Covestor Ltd now owns 2,223 shares of the scientific and technical instruments company's stock valued at $66,000 after acquiring an additional 332 shares during the period. Centaurus Financial Inc. grew its stake in Cognex by 16.0% in the fourth quarter. Centaurus Financial Inc. now owns 3,267 shares of the scientific and technical instruments company's stock valued at $117,000 after acquiring an additional 450 shares during the period. Smartleaf Asset Management LLC grew its stake in Cognex by 17.0% in the first quarter. Smartleaf Asset Management LLC now owns 3,357 shares of the scientific and technical instruments company's stock valued at $101,000 after acquiring an additional 487 shares during the period. OneDigital Investment Advisors LLC grew its stake in Cognex by 7.4% in 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 during the period. Finally, GAMMA Investing LLC grew its stake in Cognex by 155.3% in 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 during the period. 88.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CGNX has been the subject of a number of research analyst reports. KeyCorp raised Cognex from a "sector weight" rating to an "overweight" rating and set a $50.00 target price for the company in a research note on Friday, August 1st. DA Davidson boosted their target price on Cognex from $32.00 to $35.00 and gave the company a "neutral" rating in a research note on Monday, August 4th. JPMorgan Chase & Co. initiated coverage on Cognex in a research report on Monday. They set a "neutral" rating and a $45.00 price objective for the company. Needham & Company LLC upped their price objective on Cognex from $36.00 to $45.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Finally, The Goldman Sachs Group upped their price objective on Cognex from $29.00 to $32.00 and gave the stock a "sell" rating in a research report on Thursday, June 12th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Cognex has an average rating of "Moderate Buy" and a consensus price target of $42.50.

Cognex Stock Performance

CGNX traded up $0.29 on Monday, hitting $44.68. 251,757 shares of the company were exchanged, compared to its average volume of 2,079,282. Cognex Corporation has a 12 month low of $22.67 and a 12 month high of $45.23. The company has a market cap of $7.50 billion, a PE ratio of 62.87 and a beta of 1.50. The stock's fifty day moving average is $39.81 and its 200-day moving average is $33.04.

Cognex (NASDAQ:CGNX - Get Free Report) last released its earnings results on Wednesday, July 30th. The scientific and technical instruments company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $246.70 million. During the same quarter in the prior year, the company posted $0.23 earnings per share. Cognex's revenue was up 4.2% on a year-over-year basis. Cognex has set its Q3 2025 guidance at 0.240-0.290 EPS. As a group, equities research analysts expect that Cognex Corporation will post 0.61 EPS for the current fiscal year.

Cognex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Shareholders 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 yield of 0.7%. Cognex's dividend payout ratio is currently 45.07%.

Insider Transactions at Cognex

In other Cognex news, EVP Sheila Marie Dipalma sold 2,000 shares of the company's stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $45.03, for a total value of $90,060.00. Following the sale, the executive vice president owned 6,582 shares in the company, valued at $296,387.46. This represents a 23.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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.