Swedbank AB Cuts Stake in Cognex Corporation $CGNX

Swedbank AB reduced its position in shares of Cognex Corporation (NASDAQ:CGNX) by 6.7% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,400,000 shares of the scientific and technical instruments company’s stock after selling 100,000 shares during the quarter. Swedbank AB owned 0.83% of Cognex worth $63,420,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Nordea Investment Management AB lifted its position in Cognex by 148.5% in the 2nd quarter. Nordea Investment Management AB now owns 7,075,772 shares of the scientific and technical instruments company’s stock valued at $223,594,000 after acquiring an additional 4,228,729 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Cognex by 121.5% in the second quarter. PNC Financial Services Group Inc. now owns 12,990 shares of the scientific and technical instruments company’s stock worth $412,000 after purchasing an additional 7,126 shares during the last quarter. World Investment Advisors bought a new position in shares of Cognex during the second quarter valued at $204,000. Creative Planning boosted its position in shares of Cognex by 49.1% during the second quarter. Creative Planning now owns 62,525 shares of the scientific and technical instruments company’s stock valued at $1,983,000 after buying an additional 20,587 shares during the last quarter. Finally, Scientech Research LLC increased its holdings in 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 worth $890,000 after buying an additional 14,434 shares in the last quarter. Institutional investors own 88.12% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on CGNX shares. DA Davidson set a $38.00 target price on shares of Cognex and gave the company a “neutral” rating in a research note on Monday, November 3rd. Truist Financial lowered their price objective on shares of Cognex from $45.00 to $42.00 and set a “hold” rating on the stock in a research report on Thursday, December 18th. UBS Group restated a “buy” rating and issued a $58.00 target price on shares of Cognex in a report on Friday, October 31st. Robert W. Baird set a $45.00 target price on shares of Cognex in a research note on Friday, October 31st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Cognex in a report on Monday. Nine investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $45.79.

Insider Transactions at Cognex

In other Cognex news, Director Robert Willett sold 6,704 shares of the firm’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 transaction of $331,915.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Cognex Price Performance

Shares of CGNX stock opened at $36.61 on Thursday. The company has a market cap of $6.14 billion, a price-to-earnings ratio of 57.20 and a beta of 1.53. Cognex Corporation has a 1 year low of $22.67 and a 1 year high of $49.76. The firm has a fifty day moving average price of $39.68 and a 200-day moving average price of $39.44.

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

Cognex Increases Dividend

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

Cognex Company 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.