Cognex Corporation $CGNX Shares Sold by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. decreased its position in shares of Cognex Corporation (NASDAQ:CGNX) by 10.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,282,831 shares of the scientific and technical instruments company’s stock after selling 156,816 shares during the quarter. Mawer Investment Management Ltd.’s holdings in Cognex were worth $46,156,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Impact Partnership Wealth LLC acquired a new stake in shares of Cognex during the fourth quarter worth about $252,000. Norges Bank acquired a new stake in shares of Cognex during the fourth quarter worth about $73,103,000. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Cognex during the fourth quarter worth about $65,000. Future Fund LLC acquired a new stake in shares of Cognex during the fourth quarter worth about $1,943,000. Finally, Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new stake in shares of Cognex during the fourth quarter worth about $180,000. Institutional investors and hedge funds own 88.12% of the company’s stock.

Cognex Price Performance

Cognex stock opened at $64.64 on Tuesday. The stock has a market capitalization of $10.76 billion, a PE ratio of 76.95 and a beta of 1.52. Cognex Corporation has a 12 month low of $29.22 and a 12 month high of $71.90. The business has a 50 day simple moving average of $57.26 and a 200-day simple moving average of $47.77.

Cognex (NASDAQ:CGNX) last posted its quarterly earnings data on Wednesday, May 6th. The scientific and technical instruments company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.09. The business had revenue of $268.44 million during the quarter, compared to analysts’ expectations of $245.98 million. Cognex had a return on equity of 10.89% and a net margin of 13.62%.The business’s revenue was up 24.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.14 earnings per share. Cognex has set its Q2 2026 guidance at 0.400-0.440 EPS. On average, equities research analysts anticipate that Cognex Corporation will post 1.41 EPS for the current fiscal year.

Cognex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st will be given a $0.085 dividend. The ex-dividend date is Thursday, May 21st. This represents a $0.34 dividend on an annualized basis and a dividend yield of 0.5%. Cognex’s payout ratio is 40.48%.

Insider Activity

In other news, VP Darren Marc Long sold 20,252 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $66.34, for a total value of $1,343,517.68. Following the completion of the sale, the vice president directly owned 3,990 shares in the company, valued at $264,696.60. The trade was a 83.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Mark Fennell sold 64,873 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $67.05, for a total value of $4,349,734.65. Following the completion of the sale, the insider owned 11,263 shares of the company’s stock, valued at $755,184.15. This trade represents a 85.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 224,847 shares of company stock worth $14,975,098 over the last three months. 1.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on CGNX shares. Seaport Research Partners set a $75.00 target price on Cognex in a report on Tuesday, May 26th. Wall Street Zen raised Cognex from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Sanford C. Bernstein reiterated an “outperform” rating and set a $75.00 price target on shares of Cognex in a research report on Thursday, May 7th. JPMorgan Chase & Co. upgraded Cognex from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $65.00 to $75.00 in a research report on Tuesday, May 26th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $63.00 price target on shares of Cognex in a research report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Cognex has an average rating of “Moderate Buy” and a consensus target price of $70.43.

Cognex Company 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.