Bayforest Capital Ltd Purchases 8,510 Shares of Cognex Corporation $CGNX

Bayforest Capital Ltd boosted its position in Cognex Corporation (NASDAQ:CGNX) by 112.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,111 shares of the scientific and technical instruments company’s stock after acquiring an additional 8,510 shares during the quarter. Bayforest Capital Ltd’s holdings in Cognex were worth $511,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Teacher Retirement System of Texas increased its stake in Cognex by 51.3% in the first quarter. Teacher Retirement System of Texas now owns 48,640 shares of the scientific and technical instruments company’s stock valued at $1,451,000 after acquiring an additional 16,489 shares during the last quarter. GAMMA Investing LLC increased its stake in Cognex by 155.3% in the first quarter. GAMMA Investing LLC now owns 1,062 shares of the scientific and technical instruments company’s stock valued at $32,000 after acquiring an additional 646 shares during the last quarter. OneDigital Investment Advisors LLC increased its stake in Cognex by 7.4% in the first quarter. OneDigital Investment Advisors LLC now owns 7,698 shares of the scientific and technical instruments company’s stock valued at $230,000 after acquiring an additional 532 shares during the last quarter. Scientech Research LLC increased its stake in Cognex by 93.8% in the first quarter. Scientech Research LLC now owns 29,828 shares of the scientific and technical instruments company’s stock valued at $890,000 after acquiring an additional 14,434 shares during the last quarter. Finally, Brown Advisory Inc. bought a new position in Cognex in the first quarter valued at $369,000. Institutional investors own 88.12% of the company’s stock.

Cognex Trading Up 3.4%

Cognex stock opened at $45.23 on Wednesday. The firm has a 50-day moving average of $44.32 and a 200-day moving average of $35.12. The firm has a market cap of $7.59 billion, a P/E ratio of 63.71 and a beta of 1.50. Cognex Corporation has a 1-year low of $22.67 and a 1-year high of $47.52.

Cognex (NASDAQ:CGNX) last posted its earnings results on Wednesday, July 30th. The scientific and technical instruments company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The company had revenue of $249.09 million during the quarter, compared to analyst estimates of $246.70 million. Cognex had a net margin of 13.13% and a return on equity of 6.65%. Cognex’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.23 earnings per share. Cognex has set its Q3 2025 guidance at 0.240-0.290 EPS. Research analysts forecast that Cognex Corporation will post 0.61 earnings per share for the current fiscal year.

Cognex Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Thursday, August 14th. Cognex’s dividend payout ratio is currently 45.07%.

Insider Buying and Selling at Cognex

In other news, EVP Sheila Marie Dipalma sold 2,000 shares of the stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $45.03, for a total transaction of $90,060.00. Following the completion of the sale, the executive vice president directly owned 6,582 shares in the company, valued at approximately $296,387.46. This represents a 23.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. KeyCorp raised Cognex from a “sector weight” rating to an “overweight” rating and set a $50.00 target price on the stock in a research note on Friday, August 1st. JPMorgan Chase & Co. began coverage on Cognex in a research note on Monday, September 15th. They set a “neutral” rating and a $45.00 price objective on the stock. Truist Financial set a $45.00 price objective on Cognex and gave the company a “hold” rating in a research note on Wednesday, October 8th. UBS Group raised their price objective on Cognex from $53.00 to $58.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Finally, Needham & Company LLC raised their price objective on Cognex from $36.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Cognex has a consensus rating of “Moderate Buy” and a consensus target price of $44.93.

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.