Front Street Capital Management Inc. Buys 109,402 Shares of Cognex Corporation $CGNX

Front Street Capital Management Inc. lifted its stake in shares of Cognex Corporation (NASDAQ:CGNX) by 8.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,387,075 shares of the scientific and technical instruments company’s stock after purchasing an additional 109,402 shares during the quarter. Cognex accounts for about 7.9% of Front Street Capital Management Inc.’s portfolio, making the stock its 4th largest position. Front Street Capital Management Inc. owned about 0.83% of Cognex worth $41,275,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in CGNX. Jane Street Group LLC grew its holdings in shares of Cognex by 8.1% during the 4th quarter. Jane Street Group LLC now owns 75,724 shares of the scientific and technical instruments company’s stock valued at $2,715,000 after purchasing an additional 5,696 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Cognex by 62.2% during the 4th quarter. Ameriprise Financial Inc. now owns 1,475,379 shares of the scientific and technical instruments company’s stock valued at $52,907,000 after purchasing an additional 566,047 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Cognex by 28.9% during the 4th quarter. BNP Paribas Financial Markets now owns 95,816 shares of the scientific and technical instruments company’s stock valued at $3,436,000 after purchasing an additional 21,455 shares during the last quarter. Brevan Howard Capital Management LP grew its holdings in shares of Cognex by 37.3% during the 4th quarter. Brevan Howard Capital Management LP now owns 13,836 shares of the scientific and technical instruments company’s stock valued at $496,000 after purchasing an additional 3,756 shares during the last quarter. Finally, Centiva Capital LP bought a new stake in shares of Cognex during the 4th quarter valued at approximately $553,000. 88.12% of the stock is owned by institutional investors.

Cognex Price Performance

CGNX opened at $44.94 on Friday. The company’s 50 day moving average price is $38.59 and its two-hundred day moving average price is $32.64. Cognex Corporation has a fifty-two week low of $22.67 and a fifty-two week high of $45.23. The firm has a market capitalization of $7.55 billion, a price-to-earnings ratio of 63.30 and a beta of 1.50.

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. Cognex had a net margin of 13.13% and a return on equity of 6.65%. The company had revenue of $249.09 million for the quarter, compared to analyst estimates of $246.70 million. During the same period in the prior year, the firm posted $0.23 EPS. The company’s quarterly revenue was up 4.2% on a year-over-year basis. Cognex has set its Q3 2025 guidance at 0.240-0.290 EPS. As a group, equities research analysts predict that Cognex Corporation will post 0.61 EPS for the current year.

Cognex Dividend Announcement

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

Wall Street Analyst Weigh In

CGNX has been the topic of several research reports. UBS Group lifted their price target on shares of Cognex from $53.00 to $58.00 and gave the company a “buy” rating in a report on Friday, August 1st. Robert W. Baird boosted their target price on shares of Cognex from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, June 16th. DA Davidson boosted their target price on shares of Cognex from $32.00 to $35.00 and gave the stock a “neutral” rating in a report on Monday, August 4th. KeyCorp raised shares of Cognex from a “sector weight” rating to an “overweight” rating and set a $50.00 target price on the stock in a report on Friday, August 1st. Finally, Citigroup reissued a “neutral” rating and set a $37.00 target price (up from $30.00) on shares of Cognex in a report on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Cognex currently has an average rating of “Moderate Buy” and a consensus target price of $42.31.

Cognex 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.