Cognex Corporation $CGNX Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its position in Cognex Corporation (NASDAQ:CGNX) by 7.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,502 shares of the scientific and technical instruments company’s stock after acquiring an additional 3,862 shares during the period. Teacher Retirement System of Texas’ holdings in Cognex were worth $1,665,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in Cognex by 155.3% during the first 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 last quarter. OneDigital Investment Advisors LLC boosted its stake in Cognex by 7.4% during the first quarter. OneDigital Investment Advisors LLC now owns 7,698 shares of the scientific and technical instruments company’s stock worth $230,000 after buying an additional 532 shares during the last quarter. Nordea Investment Management AB boosted its stake in Cognex by 148.5% during the second quarter. Nordea Investment Management AB now owns 7,075,772 shares of the scientific and technical instruments company’s stock worth $223,594,000 after buying an additional 4,228,729 shares during the last quarter. Scientech Research LLC lifted its stake in shares of Cognex by 93.8% in the 1st quarter. Scientech Research LLC now owns 29,828 shares of the scientific and technical instruments company’s stock valued at $890,000 after purchasing an additional 14,434 shares during the last quarter. Finally, MQS Management LLC acquired a new position in shares of Cognex in the 2nd quarter valued at $456,000. Institutional investors and hedge funds own 88.12% of the company’s stock.

Cognex Stock Performance

NASDAQ:CGNX opened at $40.00 on Wednesday. The stock has a 50-day simple moving average of $45.18 and a 200-day simple moving average of $37.39. The stock has a market cap of $6.72 billion, a P/E ratio of 62.50 and a beta of 1.50. Cognex Corporation has a 1 year low of $22.67 and a 1 year high of $49.76.

Cognex (NASDAQ:CGNX) last released its quarterly earnings data on Wednesday, October 29th. The scientific and technical instruments company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.06. The business had revenue of $276.89 million during the quarter, compared to analysts’ expectations of $261.86 million. Cognex had a return on equity of 8.26% and a net margin of 11.33%.The business’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.20 EPS. Cognex has set its Q4 2025 guidance at 0.190-0.24 EPS. On average, equities research analysts predict that Cognex Corporation will post 0.61 EPS for the current year.

Cognex Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Thursday, November 13th will be given a dividend of $0.085 per share. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $0.34 annualized dividend and a dividend yield of 0.9%. This is an increase from Cognex’s previous quarterly dividend of $0.08. Cognex’s payout ratio is currently 53.13%.

Insider Transactions at Cognex

In related news, EVP Sheila Marie Dipalma sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $45.03, for a total transaction of $90,060.00. Following the transaction, the executive vice president owned 6,582 shares in the company, valued at $296,387.46. This trade represents a 23.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert Willett sold 6,704 shares of the business’s stock in a transaction that occurred on Tuesday, October 21st. The shares were sold at an average price of $49.51, for a total value of $331,915.04. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 10,706 shares of company stock valued at $512,065. Insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on CGNX shares. UBS Group reaffirmed a “buy” rating and issued a $58.00 price target on shares of Cognex in a research note on Friday. KeyCorp reaffirmed an “overweight” rating and issued a $50.00 price target on shares of Cognex in a research note on Friday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cognex in a research note on Wednesday, October 8th. JPMorgan Chase & Co. started 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. Finally, Truist Financial set a $45.00 price target on Cognex and gave the company a “hold” rating in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $46.20.

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.