OneDigital Investment Advisors LLC Takes Position in Cognex Corporation $CGNX

OneDigital Investment Advisors LLC acquired a new position in Cognex Corporation (NASDAQ:CGNXFree Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 14,212 shares of the scientific and technical instruments company’s stock, valued at approximately $1,029,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Plato Investment Management Ltd purchased a new stake in Cognex in the second quarter valued at approximately $89,000. Global Retirement Partners LLC acquired a new position in Cognex during the second quarter worth $490,000. Bank of New York Mellon Corp purchased a new position in shares of Cognex during the second quarter worth $129,348,000. State of Wyoming purchased a new position in shares of Cognex during the second quarter worth $261,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Cognex in the second quarter valued at $29,034,000. Hedge funds and other institutional investors own 88.12% of the company’s stock.

Insider Transactions at Cognex

In related news, VP Darren Marc Long sold 20,252 shares of Cognex stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $66.34, for a total value of $1,343,517.68. Following the completion of the transaction, the vice president 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CGNX shares. Stephens boosted their price objective on Cognex from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Truist Financial raised their target price on Cognex from $71.00 to $78.00 and gave the company a “hold” rating in a report on Friday, August 7th. Weiss Ratings raised Cognex from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Wall Street Zen lowered shares of Cognex from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Cantor Fitzgerald lifted their price objective on shares of Cognex from $76.00 to $84.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $75.64.

View Our Latest Analysis on Cognex

Cognex Price Performance

Shares of NASDAQ CGNX opened at $66.60 on Tuesday. The stock’s 50-day moving average is $64.95 and its two-hundred day moving average is $58.27. Cognex Corporation has a 1-year low of $34.60 and a 1-year high of $72.88. The company has a market cap of $11.20 billion, a price-to-earnings ratio of 64.66 and a beta of 1.49.

Cognex (NASDAQ:CGNXGet Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The scientific and technical instruments company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.03. Cognex had a return on equity of 13.50% and a net margin of 16.05%.The company had revenue of $291.26 million for the quarter, compared to analyst estimates of $292.10 million. During the same quarter last year, the company earned $0.25 EPS. Cognex’s revenue for the quarter was up 16.9% compared to the same quarter last year. 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 fiscal year.

Cognex Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be paid a $0.085 dividend. The ex-dividend date is Thursday, August 20th. This represents a $0.34 dividend on an annualized basis and a yield of 0.5%. Cognex’s payout ratio is currently 33.01%.

Cognex Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Cognex (NASDAQ:CGNX)

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