Janney Montgomery Scott LLC Increases Stock Position in Cognex Corporation $CGNX

Janney Montgomery Scott LLC increased its position in shares of Cognex Corporation (NASDAQ:CGNX) by 14.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 37,016 shares of the scientific and technical instruments company’s stock after acquiring an additional 4,700 shares during the period. Janney Montgomery Scott LLC’s holdings in Cognex were worth $1,174,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in CGNX. GAMMA Investing LLC increased its holdings in shares of Cognex by 7,515.1% in the 1st quarter. GAMMA Investing LLC now owns 31,679 shares of the scientific and technical instruments company’s stock worth $945,000 after buying an additional 31,263 shares during the last quarter. UMB Bank n.a. boosted its position in Cognex by 105.5% during 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 period. Park Avenue Securities LLC lifted its position in shares of Cognex by 16.8% in the 1st quarter. Park Avenue Securities LLC now owns 10,868 shares of the scientific and technical instruments company’s stock worth $324,000 after purchasing an additional 1,567 shares during the period. Farther Finance Advisors LLC lifted its position in shares of Cognex by 439.4% in the 1st quarter. Farther Finance Advisors LLC now owns 971 shares of the scientific and technical instruments company’s stock worth $29,000 after purchasing an additional 791 shares during the period. Finally, Fifth Third Bancorp increased its stake in shares of Cognex by 22.9% in the 1st quarter. Fifth Third Bancorp now owns 3,766 shares of the scientific and technical instruments company’s stock worth $112,000 after acquiring an additional 701 shares in the last quarter. Institutional investors own 88.12% of the company’s stock.

Insiders Place Their Bets

In other Cognex news, EVP Sheila Marie Dipalma sold 2,002 shares of the business’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 completion of the transaction, the executive vice president directly owned 8,582 shares of the company’s stock, valued at approximately $386,190. The trade was a 18.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on CGNX shares. Truist Financial set a $45.00 price objective on shares of Cognex and gave the company a “hold” rating in a research note on Wednesday, October 8th. The Goldman Sachs Group raised their price target on shares of Cognex from $36.00 to $40.00 and gave the company a “sell” rating in a report on Tuesday, September 16th. JPMorgan Chase & Co. began coverage on shares of Cognex in a report on Monday, September 15th. They issued a “neutral” rating and a $45.00 price objective on the stock. Melius raised Cognex from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a report on Thursday, July 10th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Cognex in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Cognex currently has an average rating of “Moderate Buy” and an average target price of $44.93.

Cognex Trading Up 7.3%

Shares of Cognex stock opened at $43.74 on Tuesday. Cognex Corporation has a 12 month low of $22.67 and a 12 month high of $47.52. The stock’s fifty day moving average price is $44.25 and its 200-day moving average price is $35.05. The firm has a market cap of $7.34 billion, a P/E ratio of 61.61 and a beta of 1.50.

Cognex (NASDAQ:CGNX) last issued 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. Cognex had a return on equity of 6.65% and a net margin of 13.13%.The business had revenue of $249.09 million during the quarter, compared to the consensus estimate of $246.70 million. During the same quarter last year, the company earned $0.23 earnings per share. The company’s quarterly 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 forecast that Cognex Corporation will post 0.61 earnings per share for the current year.

Cognex Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.7%. The ex-dividend date was Thursday, August 14th. Cognex’s dividend payout ratio is 45.07%.

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.