Lazard Asset Management LLC reduced its stake in Cognex Corporation (NASDAQ:CGNX – Free Report) by 1.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,471,027 shares of the scientific and technical instruments company’s stock after selling 15,411 shares during the quarter. Lazard Asset Management LLC owned about 0.88% of Cognex worth $72,066,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in CGNX. Geneos Wealth Management Inc. raised its stake in Cognex by 402.2% during the first quarter. Geneos Wealth Management Inc. now owns 919 shares of the scientific and technical instruments company’s stock valued at $27,000 after buying an additional 736 shares during the last quarter. CIBC Private Wealth Group LLC grew its stake in shares of Cognex by 74.8% in the third quarter. CIBC Private Wealth Group LLC now owns 764 shares of the scientific and technical instruments company’s stock worth $35,000 after acquiring an additional 327 shares during the last quarter. Cassaday & Co Wealth Management LLC bought a new position in shares of Cognex during the first quarter valued at $36,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Cognex during the fourth quarter valued at $39,000. Finally, Larson Financial Group LLC raised its position in shares of Cognex by 202.7% in the 4th quarter. Larson Financial Group LLC now owns 1,105 shares of the scientific and technical instruments company’s stock worth $40,000 after purchasing an additional 740 shares during the last quarter. Hedge funds and other institutional investors own 88.12% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages recently commented on CGNX. JPMorgan Chase & Co. raised shares of Cognex from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $65.00 to $75.00 in a research report on Tuesday, May 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cognex in a research note on Friday, May 15th. Zacks Research upgraded shares of Cognex from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 16th. UBS Group set a $75.00 price target on shares of Cognex in a research report on Tuesday, May 26th. Finally, Truist Financial boosted their price objective on shares of Cognex from $61.00 to $71.00 and gave the stock a “hold” rating in a report on Thursday, July 2nd. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Cognex presently has a consensus rating of “Moderate Buy” and an average target price of $72.31.
Cognex Stock Down 1.2%
Shares of CGNX stock opened at $61.29 on Tuesday. The company has a 50 day moving average price of $64.96 and a 200-day moving average price of $55.62. Cognex Corporation has a 52 week low of $33.45 and a 52 week high of $72.88. The firm has a market capitalization of $10.20 billion, a PE ratio of 72.96 and a beta of 1.49.
Cognex (NASDAQ:CGNX – Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $268.44 million for the quarter, compared to the consensus estimate of $245.98 million. Cognex had a net margin of 13.62% and a return on equity of 10.89%. The firm’s revenue for the quarter was up 24.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.14 earnings per share. Cognex has set its Q2 2026 guidance at 0.400-0.440 EPS. Analysts anticipate that Cognex Corporation will post 1.48 earnings per share for the current year.
Cognex Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st were paid a dividend of $0.085 per share. The ex-dividend date was Thursday, May 21st. This represents a $0.34 dividend on an annualized basis and a yield of 0.6%. Cognex’s payout ratio is currently 40.48%.
Insider Activity
In other news, VP Darren Marc Long sold 20,252 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $66.34, for a total transaction of $1,343,517.68. Following the transaction, the vice president directly owned 3,990 shares of the company’s stock, valued at $264,696.60. This represents a 83.54% decrease in their position. 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 firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $67.05, for a total value of $4,349,734.65. Following the completion of the transaction, the insider owned 11,263 shares in the company, valued at approximately $755,184.15. This trade represents a 85.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 224,847 shares of company stock valued at $14,975,098 in the last ninety days. 1.70% of the stock is currently owned by company insiders.
Cognex 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.
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