GAMMA Investing LLC Has $110,000 Position in Cognex Corporation $CGNX

GAMMA Investing LLC lifted its stake in shares of Cognex Corporation (NASDAQ:CGNX) by 226.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,471 shares of the scientific and technical instruments company’s stock after purchasing an additional 2,409 shares during the period. GAMMA Investing LLC’s holdings in Cognex were worth $110,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Farther Finance Advisors LLC increased its holdings in shares of Cognex by 31.5% during the second quarter. Farther Finance Advisors LLC now owns 1,277 shares of the scientific and technical instruments company’s stock worth $40,000 after purchasing an additional 306 shares during the period. UMB Bank n.a. grew its position in Cognex by 87.6% during the second quarter. UMB Bank n.a. now owns 2,401 shares of the scientific and technical instruments company’s stock worth $76,000 after buying an additional 1,121 shares in the last quarter. Global X Japan Co. Ltd. increased its stake in Cognex by 38.7% during the 2nd quarter. Global X Japan Co. Ltd. now owns 1,778 shares of the scientific and technical instruments company’s stock worth $56,000 after acquiring an additional 496 shares during the period. Assenagon Asset Management S.A. acquired a new position in Cognex in the 2nd quarter valued at $17,268,000. Finally, Exchange Traded Concepts LLC raised its holdings in Cognex by 10.2% in the 2nd quarter. Exchange Traded Concepts LLC now owns 505,657 shares of the scientific and technical instruments company’s stock valued at $16,039,000 after acquiring an additional 46,669 shares in the last quarter. 88.12% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CGNX has been the topic of a number of analyst reports. Melius upgraded shares of Cognex from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research note on Thursday, July 10th. UBS Group upped their price target on shares of Cognex from $53.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Citigroup restated a “neutral” rating and set a $37.00 price objective (up from $30.00) on shares of Cognex in a research report on Monday, July 14th. The Goldman Sachs Group upped their target price on Cognex from $36.00 to $40.00 and gave the stock a “sell” rating in a research note on Tuesday, September 16th. Finally, DA Davidson lifted 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. One analyst has rated the stock with a Strong Buy rating, seven have issued 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 stock presently has an average rating of “Moderate Buy” and a consensus target price of $43.07.

Insider Activity at Cognex

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

Cognex Trading Up 1.2%

Shares of Cognex stock opened at $45.83 on Thursday. The business’s fifty day simple moving average is $42.87 and its 200 day simple moving average is $34.23. Cognex Corporation has a 12 month low of $22.67 and a 12 month high of $47.52. The firm has a market capitalization of $7.69 billion, a P/E ratio of 64.55 and a beta of 1.50.

Cognex (NASDAQ:CGNX) last issued its quarterly earnings data on Wednesday, July 30th. The scientific and technical instruments company reported $0.25 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 company had revenue of $249.09 million during the quarter, compared to analyst estimates of $246.70 million. During the same quarter in the previous year, the firm earned $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. Analysts predict that Cognex Corporation will post 0.61 EPS for the current fiscal year.

Cognex Announces Dividend

The firm also recently disclosed 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 dividend payout ratio is 45.07%.

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.