Farther Finance Advisors LLC Increases Stock Holdings in Cognex Corporation $CGNX

Farther Finance Advisors LLC boosted its stake in Cognex Corporation (NASDAQ:CGNX) by 31.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,277 shares of the scientific and technical instruments company’s stock after acquiring an additional 306 shares during the quarter. Farther Finance Advisors LLC’s holdings in Cognex were worth $40,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Geneos Wealth Management Inc. raised its stake in shares of Cognex by 402.2% during the first quarter. Geneos Wealth Management Inc. now owns 919 shares of the scientific and technical instruments company’s stock valued at $27,000 after purchasing an additional 736 shares during the period. GAMMA Investing LLC increased its stake in Cognex by 155.3% during the 1st quarter. GAMMA Investing LLC now owns 1,062 shares of the scientific and technical instruments company’s stock worth $32,000 after buying an additional 646 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in Cognex by 231.9% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,082 shares of the scientific and technical instruments company’s stock worth $34,000 after buying an additional 756 shares in the last quarter. Global X Japan Co. Ltd. acquired a new position in Cognex in the 1st quarter worth $38,000. Finally, UMB Bank n.a. boosted its position in Cognex by 105.5% in the 1st quarter. UMB Bank n.a. now owns 1,280 shares of the scientific and technical instruments company’s stock valued at $38,000 after buying an additional 657 shares during the last quarter. Institutional investors and hedge funds own 88.12% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on CGNX. JPMorgan Chase & Co. began coverage on Cognex in a research note on Monday, September 15th. They issued a “neutral” rating and a $45.00 price target on the stock. Robert W. Baird lifted their price objective on Cognex from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, June 16th. Melius upgraded Cognex from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research note on Thursday, July 10th. The Goldman Sachs Group raised their price target on shares of Cognex from $36.00 to $40.00 and gave the stock a “sell” rating in a research report on Tuesday, September 16th. Finally, Needham & Company LLC upped their price target on shares of Cognex from $36.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Cognex currently has a consensus rating of “Hold” and an average price target of $43.07.

Cognex Stock Up 1.2%

Shares of CGNX stock opened at $46.87 on Tuesday. The company has a market cap of $7.87 billion, a P/E ratio of 66.02 and a beta of 1.50. The business has a 50 day moving average of $43.59 and a two-hundred day moving average of $34.57. Cognex Corporation has a 52 week low of $22.67 and a 52 week high of $47.52.

Cognex (NASDAQ:CGNX) last issued its 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 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 firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the company earned $0.23 earnings per share. Cognex has set its Q3 2025 guidance at 0.240-0.290 EPS. 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. Stockholders of record on Thursday, August 14th were given a dividend of $0.08 per share. The ex-dividend date was Thursday, August 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.7%. Cognex’s payout ratio is currently 45.07%.

Insider Transactions at Cognex

In related news, EVP Sheila Marie Dipalma sold 2,002 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $45.00, for a total value of $90,090.00. Following the sale, the executive vice president directly owned 8,582 shares in the company, valued at $386,190. This trade represents a 18.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is owned by company insiders.

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.