Cognex (NASDAQ:CGNX) EVP Sells $90,060.00 in Stock

Cognex Corporation (NASDAQ:CGNX) EVP Sheila Marie Dipalma sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $45.03, for a total value of $90,060.00. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which is available through this link.

Sheila Marie Dipalma also recently made the following trade(s):

• On Friday, September 5th, Sheila Marie Dipalma sold 2,002 shares of Cognex stock. The shares were sold at an average price of $45.00, for a total value of $90,090.00.

Cognex Trading Down 0.6%

Shares of NASDAQ:CGNX opened at $44.36 on Wednesday. The company has a fifty day simple moving average of $39.09 and a 200 day simple moving average of $32.80. The firm has a market cap of $7.45 billion, a PE ratio of 62.48 and a beta of 1.50. Cognex Corporation has a 12-month low of $22.67 and a 12-month high of $45.23.

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

Cognex Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.7%. Cognex’s dividend payout ratio (DPR) is presently 45.07%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CGNX. Robert W. Baird boosted their price objective on Cognex from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, June 16th. UBS Group boosted their price target on Cognex from $53.00 to $58.00 and gave the company a “buy” rating in a report on Friday, August 1st. KeyCorp raised Cognex from a “sector weight” rating to an “overweight” rating and set a $50.00 price target on the stock in a research report on Friday, August 1st. The Goldman Sachs Group lifted their price objective on shares of Cognex from $29.00 to $32.00 and gave the stock a “sell” rating in a report on Thursday, June 12th. Finally, Needham & Company LLC boosted their target price on shares of Cognex from $36.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $42.31.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nordea Investment Management AB grew its position in shares of Cognex by 148.5% during the second 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 acquiring an additional 4,228,729 shares during the last quarter. Mackenzie Financial Corp boosted its stake in Cognex by 126.2% during the 1st quarter. Mackenzie Financial Corp now owns 4,609,802 shares of the scientific and technical instruments company’s stock valued at $137,510,000 after purchasing an additional 2,571,457 shares during the period. AQR Capital Management LLC grew its position in Cognex by 18,810.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,794,649 shares of the scientific and technical instruments company’s stock worth $56,657,000 after purchasing an additional 1,785,159 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its stake in shares of Cognex by 32.0% in the first quarter. T. Rowe Price Investment Management Inc. now owns 6,082,319 shares of the scientific and technical instruments company’s stock valued at $181,436,000 after purchasing an additional 1,474,832 shares during the period. Finally, Mawer Investment Management Ltd. bought a new stake in shares of Cognex during the second quarter valued at approximately $45,723,000. Institutional investors and hedge funds own 88.12% of the company’s stock.

About Cognex

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.