Shaker Investments LLC OH Invests $638,000 in Cognex Corporation $CGNX

Shaker Investments LLC OH purchased a new stake in Cognex Corporation (NASDAQ:CGNX) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 14,090 shares of the scientific and technical instruments company’s stock, valued at approximately $638,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CGNX. Geneos Wealth Management Inc. increased its position in shares of Cognex by 402.2% in the first quarter. Geneos Wealth Management Inc. now owns 919 shares of the scientific and technical instruments company’s stock worth $27,000 after acquiring an additional 736 shares in the last quarter. Penserra Capital Management LLC purchased a new stake in Cognex during the 2nd quarter worth $29,000. TD Waterhouse Canada Inc. acquired a new stake in Cognex in the 2nd quarter valued at $29,000. MassMutual Private Wealth & Trust FSB increased its holdings in Cognex by 231.9% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,082 shares of the scientific and technical instruments company’s stock valued at $34,000 after purchasing an additional 756 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in Cognex by 31.5% in the second quarter. Farther Finance Advisors LLC now owns 1,277 shares of the scientific and technical instruments company’s stock valued at $40,000 after purchasing an additional 306 shares during the period. 88.12% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CGNX. Truist Financial decreased their target price on Cognex from $45.00 to $42.00 and set a “hold” rating for the company in a research report on Thursday, December 18th. DA Davidson set a $38.00 price target on Cognex and gave the stock a “neutral” rating in a report on Monday, November 3rd. Barclays reaffirmed an “overweight” rating and issued a $56.00 price objective (up previously from $55.00) on shares of Cognex in a research report on Friday, October 31st. UBS Group reissued a “buy” rating and set a $58.00 target price on shares of Cognex in a research report on Friday, October 31st. Finally, The Goldman Sachs Group upgraded shares of Cognex from a “sell” rating to a “buy” rating and upped their target price for the company from $42.00 to $50.00 in a research note on Tuesday, December 16th. Nine equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $45.79.

Cognex Stock Down 0.1%

Shares of CGNX opened at $36.55 on Friday. The firm has a market cap of $6.13 billion, a price-to-earnings ratio of 57.11 and a beta of 1.53. The business’s 50 day moving average is $39.30 and its two-hundred day moving average is $39.51. Cognex Corporation has a 52-week low of $22.67 and a 52-week high of $49.76.

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

Cognex Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Thursday, November 13th were paid a $0.085 dividend. 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 (DPR) is currently 53.13%.

Insider Activity at Cognex

In related news, Director Robert Willett sold 6,704 shares of Cognex stock in a transaction dated Tuesday, October 21st. The stock was sold at an average price of $49.51, for a total value of $331,915.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.60% of the company’s stock.

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.