Sanctuary Advisors LLC bought a new position in shares of Cognex Corporation (NASDAQ:CGNX – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 9,310 shares of the scientific and technical instruments company’s stock, valued at approximately $674,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CGNX. BlackRock Inc. acquired a new stake in shares of Cognex in the second quarter valued at $1,158,123,000. Northwestern Mutual Wealth Management Co. lifted its stake in Cognex by 173,138.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 10,477,448 shares of the scientific and technical instruments company’s stock worth $376,979,000 after purchasing an additional 10,471,400 shares during the last quarter. Norges Bank acquired a new position in shares of Cognex in the 4th quarter valued at $73,103,000. Alyeska Investment Group L.P. acquired a new position in Cognex in the fourth quarter valued at $68,388,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Cognex in the 2nd quarter valued at about $129,348,000. Hedge funds and other institutional investors own 88.12% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on CGNX. UBS Group set a $75.00 price target on shares of Cognex in a research note on Tuesday, May 26th. Weiss Ratings upgraded Cognex from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Stephens upped their target price on shares of Cognex from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Seaport Research Partners set a $75.00 target price on Cognex in a report on Tuesday, May 26th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $75.00 price target on shares of Cognex in a research report on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $75.64.
Cognex Price Performance
CGNX opened at $60.46 on Friday. Cognex Corporation has a 12 month low of $34.60 and a 12 month high of $72.88. The business has a 50-day moving average of $64.43 and a two-hundred day moving average of $59.46. The stock has a market capitalization of $10.17 billion, a price-to-earnings ratio of 58.70 and a beta of 1.49.
Cognex (NASDAQ:CGNX – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The scientific and technical instruments company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.03. The company had revenue of $291.26 million for the quarter, compared to analyst estimates of $292.10 million. Cognex had a net margin of 16.05% and a return on equity of 13.50%. Cognex’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same quarter last year, the business earned $0.25 EPS. Cognex has set its FY 2026 guidance at 1.640-1.680 EPS and its Q3 2026 guidance at 0.500-0.540 EPS. Equities research analysts anticipate that Cognex Corporation will post 1.68 earnings per share for the current year.
Cognex Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be issued a $0.085 dividend. The ex-dividend date is Thursday, August 20th. This represents a $0.34 annualized dividend and a yield of 0.6%. Cognex’s dividend payout ratio (DPR) is presently 33.01%.
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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