Inscription Capital LLC Invests $822,000 in Cognex Corporation $CGNX

Inscription Capital LLC bought a new stake in Cognex Corporation (NASDAQ:CGNX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 18,147 shares of the scientific and technical instruments company’s stock, valued at approximately $822,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Nordea Investment Management AB boosted its stake in Cognex by 13.4% in the third quarter. Nordea Investment Management AB now owns 8,025,371 shares of the scientific and technical instruments company’s stock worth $361,382,000 after purchasing an additional 949,599 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Cognex by 121.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 12,990 shares of the scientific and technical instruments company’s stock worth $412,000 after buying an additional 7,126 shares in the last quarter. Creative Planning lifted its position in Cognex by 49.1% during the 2nd quarter. Creative Planning now owns 62,525 shares of the scientific and technical instruments company’s stock worth $1,983,000 after buying an additional 20,587 shares in the last quarter. World Investment Advisors bought a new stake in Cognex during the 2nd quarter worth about $204,000. Finally, Teacher Retirement System of Texas increased its position in Cognex by 7.9% in the 2nd quarter. Teacher Retirement System of Texas now owns 52,502 shares of the scientific and technical instruments company’s stock valued at $1,665,000 after acquiring an additional 3,862 shares in the last quarter. Institutional investors and hedge funds own 88.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CGNX shares. Robert W. Baird set a $45.00 target price on shares of Cognex in a research report on Friday, October 31st. The Goldman Sachs Group raised Cognex from a “sell” rating to a “buy” rating and upped their price objective for the stock from $42.00 to $50.00 in a report on Tuesday, December 16th. Barclays set a $54.00 target price on Cognex and gave the company an “overweight” rating in a research note on Monday, January 12th. Truist Financial decreased their price target on Cognex from $45.00 to $42.00 and set a “hold” rating on the stock in a report on Thursday, December 18th. Finally, DA Davidson set a $38.00 price objective on Cognex and gave the stock a “neutral” rating in a research report on Monday, November 3rd. Nine research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $45.64.

Cognex Stock Down 4.9%

NASDAQ:CGNX opened at $38.92 on Wednesday. Cognex Corporation has a 12-month low of $22.67 and a 12-month high of $49.76. The stock’s fifty day simple moving average is $37.51 and its 200-day simple moving average is $40.46. The firm has a market capitalization of $6.52 billion, a P/E ratio of 60.81 and a beta of 1.52.

Cognex (NASDAQ:CGNX) last released its quarterly earnings data on Wednesday, October 29th. The scientific and technical instruments company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.06. Cognex had a return on equity of 8.26% and a net margin of 11.33%.The business had revenue of $264.00 million during the quarter, compared to the consensus estimate of $261.86 million. During the same quarter in the prior year, the company posted $0.20 earnings per share. The firm’s revenue was up 18.0% on a year-over-year basis. Cognex has set its Q4 2025 guidance at 0.190-0.24 EPS. As a group, equities research analysts expect that Cognex Corporation will post 0.61 earnings per share for the current year.

Cognex Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Thursday, November 13th were issued a dividend of $0.085 per share. This is an increase from Cognex’s previous quarterly dividend of $0.08. This represents a $0.34 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Thursday, November 13th. Cognex’s dividend payout ratio is presently 53.13%.

Cognex Profile

Cognex Corporation is a leading provider of machine vision systems, software, sensors and industrial barcode readers used to automate manufacturing, logistics and distribution processes. The company designs and develops vision-based products that help manufacturers and logistics operators inspect, identify and guide parts, assemblies and packaged goods in real time. Its solutions are applied in a broad range of industries, including automotive, electronics, semiconductor, pharmaceutical, food and beverage, and general manufacturing.

The company’s product portfolio includes stand-alone vision systems, vision sensors and deep learning-based software platforms that enable automated inspection, quality control and traceability.