Future Fund LLC Takes $1.94 Million Position in Cognex Corporation $CGNX

Future Fund LLC acquired a new stake in Cognex Corporation (NASDAQ:CGNX) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 54,000 shares of the scientific and technical instruments company’s stock, valued at approximately $1,943,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Cognex by 2.1% in the third quarter. Vanguard Group Inc. now owns 18,598,728 shares of the scientific and technical instruments company’s stock valued at $842,522,000 after purchasing an additional 374,999 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of Cognex by 173,138.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 10,477,448 shares of the scientific and technical instruments company’s stock valued at $376,979,000 after purchasing an additional 10,471,400 shares during the period. Nordea Investment Management AB grew its position in shares of Cognex by 0.9% in the fourth quarter. Nordea Investment Management AB now owns 8,101,583 shares of the scientific and technical instruments company’s stock valued at $292,224,000 after purchasing an additional 76,212 shares during the period. Pictet Asset Management Holding SA grew its position in shares of Cognex by 27.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 7,013,184 shares of the scientific and technical instruments company’s stock valued at $252,360,000 after purchasing an additional 1,529,010 shares during the period. Finally, Disciplined Growth Investors Inc. MN grew its position in shares of Cognex by 0.9% in the second quarter. Disciplined Growth Investors Inc. MN now owns 4,768,716 shares of the scientific and technical instruments company’s stock valued at $151,264,000 after purchasing an additional 40,927 shares during the period. Hedge funds and other institutional investors own 88.12% of the company’s stock.

Insiders Place Their Bets

In other Cognex news, VP Laura Ann Macdonald sold 98,122 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $66.80, for a total transaction of $6,554,549.60. Following the transaction, the vice president owned 5,258 shares in the company, valued at $351,234.40. The trade was a 94.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Darren Marc Long sold 20,252 shares of the business’s stock in a transaction dated 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 transaction, the vice president owned 3,990 shares in the company, valued at approximately $264,696.60. This represents a 83.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 224,847 shares of company stock worth $14,975,098 over the last quarter. 1.70% of the stock is owned by corporate insiders.

Cognex Trading Down 0.2%

Shares of Cognex stock opened at $65.85 on Friday. Cognex Corporation has a twelve month low of $29.22 and a twelve month high of $71.90. The stock has a market capitalization of $10.96 billion, a P/E ratio of 78.39 and a beta of 1.48. The business’s fifty day moving average price is $56.97 and its 200 day moving average price is $47.52.

Cognex (NASDAQ:CGNX) last issued its earnings results on Wednesday, May 6th. The scientific and technical instruments company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.09. Cognex had a return on equity of 10.89% and a net margin of 13.62%.The firm had revenue of $268.44 million for the quarter, compared to analysts’ expectations of $245.98 million. During the same quarter last year, the firm earned $0.14 earnings per share. The firm’s revenue for the quarter was up 24.3% compared to the same quarter last year. Cognex has set its Q2 2026 guidance at 0.400-0.440 EPS. As a group, sell-side analysts predict that Cognex Corporation will post 1.41 EPS for the current year.

Cognex Announces Dividend

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

Analyst Upgrades and Downgrades

CGNX has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cognex in a research report on Friday, May 15th. Truist Financial set a $61.00 price objective on Cognex and gave the company a “hold” rating in a research report on Friday, May 8th. KeyCorp reaffirmed an “overweight” rating and issued a $70.00 price objective (up from $50.00) on shares of Cognex in a research report on Friday, February 13th. UBS Group set a $75.00 price objective on Cognex in a research report on Tuesday. Finally, TD Cowen reaffirmed a “buy” rating on shares of Cognex in a research report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.43.

About Cognex

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.