Cognex Corporation $CGNX Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its position in shares of Cognex Corporation (NASDAQ:CGNX) by 92.6% in the second quarter, HoldingsChannel reports. The firm owned 60,656 shares of the scientific and technical instruments company’s stock after selling 758,372 shares during the quarter. SG Americas Securities LLC’s holdings in Cognex were worth $1,924,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Nordea Investment Management AB raised its position in Cognex by 148.5% during the 2nd 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. Mackenzie Financial Corp increased its stake in shares of Cognex by 126.2% in the first quarter. Mackenzie Financial Corp now owns 4,609,802 shares of the scientific and technical instruments company’s stock worth $137,510,000 after acquiring an additional 2,571,457 shares during the period. T. Rowe Price Investment Management Inc. raised its holdings in shares of Cognex by 32.0% during the first quarter. T. Rowe Price Investment Management Inc. now owns 6,082,319 shares of the scientific and technical instruments company’s stock worth $181,436,000 after purchasing an additional 1,474,832 shares during the last quarter. Mawer Investment Management Ltd. acquired a new position in Cognex during the second quarter valued at $45,723,000. Finally, ING Groep NV purchased a new stake in Cognex in the first quarter valued at $22,191,000. Hedge funds and other institutional investors own 88.12% of the company’s stock.

Cognex Price Performance

Cognex stock opened at $36.10 on Thursday. The stock has a market capitalization of $6.05 billion, a PE ratio of 56.41 and a beta of 1.52. The business has a 50 day simple moving average of $43.76 and a 200-day simple moving average of $38.21. Cognex Corporation has a 12 month low of $22.67 and a 12 month high of $49.76.

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

Cognex Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Thursday, November 13th will be given a $0.085 dividend. This represents a $0.34 annualized dividend and a dividend yield of 0.9%. This is a boost from Cognex’s previous quarterly dividend of $0.08. The ex-dividend date is Thursday, November 13th. Cognex’s dividend payout ratio (DPR) is 53.13%.

Wall Street Analyst Weigh In

CGNX has been the subject of a number of recent research reports. Barclays reiterated an “overweight” rating and set a $56.00 price objective (up previously from $55.00) on shares of Cognex in a research note on Friday, October 31st. The Goldman Sachs Group raised their target price on Cognex from $36.00 to $40.00 and gave the stock a “sell” rating in a report on Tuesday, September 16th. Weiss Ratings restated a “hold (c-)” rating on shares of Cognex in a research report on Thursday, November 13th. DA Davidson set a $38.00 price objective on shares of Cognex and gave the stock a “neutral” rating in a research note on Monday, November 3rd. Finally, Robert W. Baird set a $45.00 target price on shares of Cognex in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Cognex presently has an average rating of “Moderate Buy” and an average target price of $46.20.

Insider Buying and Selling

In related news, EVP Sheila Marie Dipalma sold 2,000 shares of the business’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 completion of the sale, the executive vice president directly owned 6,582 shares in the company, valued at approximately $296,387.46. The trade was a 23.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert Willett sold 6,704 shares of the stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $49.51, for a total value of $331,915.04. The SEC filing for this sale provides additional information. Insiders sold 10,706 shares of company stock worth $512,065 over the last ninety days. Corporate insiders own 1.60% of the company’s stock.

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.