State of Alaska Department of Revenue Decreases Holdings in Cognex Corporation $CGNX

State of Alaska Department of Revenue trimmed its stake in shares of Cognex Corporation (NASDAQ:CGNX) by 5.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,836 shares of the scientific and technical instruments company’s stock after selling 1,055 shares during the period. State of Alaska Department of Revenue’s holdings in Cognex were worth $597,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. T. Rowe Price Investment Management Inc. lifted its holdings in Cognex by 32.0% during the first quarter. T. Rowe Price Investment Management Inc. now owns 6,082,319 shares of the scientific and technical instruments company’s stock valued at $181,436,000 after purchasing an additional 1,474,832 shares in the last quarter. Mackenzie Financial Corp lifted its stake in shares of Cognex by 126.2% in the first quarter. Mackenzie Financial Corp now owns 4,609,802 shares of the scientific and technical instruments company’s stock worth $137,510,000 after buying an additional 2,571,457 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Cognex by 34.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,539,557 shares of the scientific and technical instruments company’s stock worth $75,756,000 after buying an additional 647,955 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Cognex by 1.9% in the first quarter. Bank of New York Mellon Corp now owns 2,131,538 shares of the scientific and technical instruments company’s stock worth $63,584,000 after buying an additional 38,857 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Cognex by 5.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,507,022 shares of the scientific and technical instruments company’s stock worth $44,954,000 after buying an additional 79,266 shares in the last quarter. 88.12% of the stock is owned by hedge funds and other institutional investors.

Cognex Price Performance

Shares of CGNX opened at $45.95 on Wednesday. Cognex Corporation has a 1-year low of $22.67 and a 1-year high of $47.52. The stock has a market cap of $7.72 billion, a PE ratio of 64.72 and a beta of 1.50. The firm has a 50-day simple moving average of $43.82 and a two-hundred day simple moving average of $34.65.

Cognex (NASDAQ:CGNX) last announced its quarterly earnings results on Wednesday, July 30th. The scientific and technical instruments company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $246.70 million. During the same period last year, the business earned $0.23 earnings per share. The business’s revenue for the quarter 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, sell-side analysts expect that Cognex Corporation will post 0.61 earnings per share 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 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 dividend yield of 0.7%. Cognex’s dividend payout ratio (DPR) is presently 45.07%.

Insider Activity at Cognex

In other news, EVP Sheila Marie Dipalma sold 2,002 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president owned 8,582 shares of the company’s stock, valued at approximately $386,190. This trade represents a 18.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CGNX shares. Barclays set a $55.00 price target on shares of Cognex in a research note on Tuesday. The Goldman Sachs Group raised their price objective 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. DA Davidson raised their price objective on shares of Cognex from $32.00 to $35.00 and gave the stock a “neutral” rating in a research report on Monday, August 4th. Robert W. Baird raised their price objective 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. Finally, KeyCorp upgraded shares of Cognex from a “sector weight” rating to an “overweight” rating and set a $50.00 price objective for the company in a research report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $43.87.

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.