Latest news with #MairsPower
Yahoo
3 days ago
- Business
- Yahoo
Mairs & Power Small Cap Fund Established a Position in Cognex Corporation (CGNX)
Mairs & Power, an investment advisor, released the 'Mairs & Power Small Cap Fund' first quarter 2025 investor letter. A copy of the letter can be downloaded here. The fund declined 11.04% in the quarter, lagging behind the Russell 2000 Total Return Index, which fell 9.48%, the S&P Small Cap 600 Total Return Index, which was down 8.93%, and the Morningstar U.S. Fund Small Blend Index, which declined 8.09%. Stock selection, with negative relative performance in Healthcare, Financials, Information Technology, and Real Estate sectors, led to the underperformance of the portfolio in the quarter. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Mairs & Power Small Cap Fund highlighted stocks such as Cognex Corporation (NASDAQ:CGNX). Cognex Corporation (NASDAQ:CGNX) provides machine vision products that capture and analyze visual information to automate manufacturing and distribution tasks. The one-month return of Cognex Corporation (NASDAQ:CGNX) was 6.00%, and its shares lost 32.20% of their value over the last 52 weeks. On June 27, 2025, Cognex Corporation (NASDAQ:CGNX) stock closed at $31.46 per share, with a market capitalization of $5.281 billion. Mairs & Power Small Cap Fund stated the following regarding Cognex Corporation (NASDAQ:CGNX) in its Q1 2025 investor letter: "During the first quarter of 2025, we initiated a position in Cognex Corporation (NASDAQ:CGNX). Cognex, headquartered in Massachusetts, is a leading provider of computer vision systems for industrial automation. The company serves a diverse client base that includes automotive, semiconductor, logistics, healthcare and consumer goods manufacturers. Cognex's embedded AI capabilities are promising, as they improve accuracy and productivity for their customers' material handling processes, and their products reduce deployment complexity, which is a key differentiator in a competitive space." A worker utilizing a vision sensor to verify discrete items. Cognex Corporation (NASDAQ:CGNX) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 40 hedge fund portfolios held Cognex Corporation (NASDAQ:CGNX) at the end of the first quarter, which was 37 in the previous quarter. Cognex Corporation (NASDAQ:CGNX) reported $216 million in revenue, surpassing the guidance midpoint, reflecting a 2% year-on-year growth. While we acknowledge the potential of Cognex Corporation (NASDAQ:CGNX) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered Cognex Corporation (NASDAQ:CGNX) and shared the list of best overlooked stocks that pay dividends. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. While we acknowledge the potential of NOW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
4 days ago
- Business
- Yahoo
Analyst Explains Why He's Buying Qualcomm (QCOM) Despite Fading Hopes of Cellphone ‘Super Cycle'
Jim Lebenthal from CNBC Investment Committee explained in a recent program why he's buying Qualcomm Inc (NASDAQ:QCOM) despite not having much hope for the cellphone market: 'Qualcomm, it's a little bit different in that the earnings revisions are very slightly upwards, but there I'm being anticipatory and I think those earnings revisions are going to start marching higher, not on the back of cell phones, which we all know waiting for this much heralded super upcycle is not happening. But where Qualcomm's going to really get the earnings revisions upward is in automotive and internet of things, the latter of which also does play into the data center buildout.' A technician testing the latest 5G device, demonstrating the company's commitment to innovation. Mairs & Power Balanced Fund stated the following regarding QUALCOMM Incorporated (NASDAQ:QCOM) in its Q1 2025 investor letter: 'The Information Technology sector underweight had the largest relative impact on returns during the quarter. Only one of the Fund's technology holdings posted a positive quarterly return – QUALCOMM Incorporated (NASDAQ:QCOM) – making this a somewhat hollow outperformance. Qualcomm is a 'value tech' company which has enviable cash flows but we believe has been consistently underappreciated in the market for its technology licensing business, which has frequently been targeted for legal action by some of its major customers. However, we believe it continues to prove its best-in-class technology and, despite companies attempting to circumvent Qualcomm, we continue to see a long-term position in the wireless technology space for the company.' While we acknowledge the potential of QCOM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
5 days ago
- Business
- Yahoo
Analyst Explains Why He's Buying Qualcomm (QCOM) Despite Fading Hopes of Cellphone ‘Super Cycle'
Jim Lebenthal from CNBC Investment Committee explained in a recent program why he's buying Qualcomm Inc (NASDAQ:QCOM) despite not having much hope for the cellphone market: 'Qualcomm, it's a little bit different in that the earnings revisions are very slightly upwards, but there I'm being anticipatory and I think those earnings revisions are going to start marching higher, not on the back of cell phones, which we all know waiting for this much heralded super upcycle is not happening. But where Qualcomm's going to really get the earnings revisions upward is in automotive and internet of things, the latter of which also does play into the data center buildout.' A technician testing the latest 5G device, demonstrating the company's commitment to innovation. Mairs & Power Balanced Fund stated the following regarding QUALCOMM Incorporated (NASDAQ:QCOM) in its Q1 2025 investor letter: 'The Information Technology sector underweight had the largest relative impact on returns during the quarter. Only one of the Fund's technology holdings posted a positive quarterly return – QUALCOMM Incorporated (NASDAQ:QCOM) – making this a somewhat hollow outperformance. Qualcomm is a 'value tech' company which has enviable cash flows but we believe has been consistently underappreciated in the market for its technology licensing business, which has frequently been targeted for legal action by some of its major customers. However, we believe it continues to prove its best-in-class technology and, despite companies attempting to circumvent Qualcomm, we continue to see a long-term position in the wireless technology space for the company.' While we acknowledge the potential of QCOM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
