Walleye Capital LLC Purchases Shares of 34,640 Cognex Corporation $CGNX

Key Points

• Walleye Capital LLC purchased 34,640 shares of Cognex Corporation for about $1,033,000, indicating investor confidence in the company's prospects.
• Cognex reported earnings of $0.25 per share, exceeding analyst expectations, and its revenue for the quarter rose by 4.2% year-over-year to $249.09 million.
• The company announced a quarterly dividend of $0.08 per share, contributing to an annualized yield of 0.7%, with a payout ratio of 45.07%.

Walleye Capital LLC purchased a new stake in shares of Cognex Corporation (NASDAQ:CGNX - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 34,640 shares of the scientific and technical instruments company's stock, valued at approximately $1,033,000.

Several other hedge funds have also added to or reduced their stakes in the business. First Trust Advisors LP lifted its holdings in shares of 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 worth $3,211,000 after buying an additional 13,951 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in shares of Cognex during the fourth quarter worth $477,000. Quarry LP acquired a new stake in shares of Cognex during the fourth quarter worth $53,000. Tudor Investment Corp ET AL acquired a new stake in shares of Cognex during the fourth quarter worth $3,127,000. Finally, Northern Trust Corp raised its stake in Cognex by 21.4% in the fourth quarter. Northern Trust Corp now owns 1,741,196 shares of the scientific and technical instruments company's stock valued at $62,439,000 after purchasing an additional 307,385 shares in the last quarter. Institutional investors and hedge funds own 88.12% of the company's stock.

Cognex Stock Down 0.2%

Cognex stock opened at $43.94 on Friday. Cognex Corporation has a 12-month low of $22.67 and a 12-month high of $45.03. The business's 50-day moving average price is $37.25 and its two-hundred day moving average price is $32.26. The stock has a market cap of $7.38 billion, a PE ratio of 61.89 and a beta of 1.47.

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 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.02. The company had revenue of $249.09 million for the quarter, compared to analysts' expectations of $246.70 million. Cognex had a return on equity of 6.65% and a net margin of 13.13%.The business's quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.23 earnings per share. Cognex has set its Q3 2025 guidance at 0.240-0.290 EPS. As a group, analysts expect 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. Shareholders 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 annualized dividend and a yield of 0.7%. Cognex's payout ratio is 45.07%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CGNX. DA Davidson boosted their price target on Cognex from $32.00 to $35.00 and gave the company a "neutral" rating in a research note on Monday, August 4th. Melius raised Cognex from a "hold" rating to a "buy" rating and set a $60.00 price target for the company in a research note on Thursday, July 10th. Robert W. Baird boosted their price target on Cognex from $30.00 to $32.00 and gave the company a "neutral" rating in a research note on Monday, June 16th. KeyCorp upgraded Cognex from a "sector weight" rating to an "overweight" rating and set a $50.00 target price on the stock in a research report on Friday, August 1st. Finally, Needham & Company LLC lifted their target price on Cognex from $36.00 to $45.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price 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.

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