Hsbc Holdings PLC bought a new stake in shares of Cognex Corporation (NASDAQ:CGNX – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 41,622 shares of the scientific and technical instruments company’s stock, valued at approximately $2,982,000.
Other hedge funds also recently bought and sold shares of the company. Royal Bank of Canada lifted its position in shares of Cognex by 13.2% in the first quarter. Royal Bank of Canada now owns 200,351 shares of the scientific and technical instruments company’s stock valued at $5,976,000 after acquiring an additional 23,326 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of Cognex during the first quarter worth about $291,000. Intech Investment Management LLC raised its stake in Cognex by 24.1% during the 1st quarter. Intech Investment Management LLC now owns 47,444 shares of the scientific and technical instruments company’s stock valued at $1,415,000 after purchasing an additional 9,223 shares during the period. Geneos Wealth Management Inc. raised its stake in Cognex by 402.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 919 shares of the scientific and technical instruments company’s stock valued at $27,000 after purchasing an additional 736 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in Cognex by 7.5% in the 2nd quarter. Cetera Investment Advisers now owns 13,208 shares of the scientific and technical instruments company’s stock worth $419,000 after purchasing an additional 920 shares in the last quarter. Institutional investors own 88.12% of the company’s stock.
Wall Street Analysts Forecast Growth
CGNX has been the subject of several recent analyst reports. The Goldman Sachs Group restated a “buy” rating and issued a $91.00 price target on shares of Cognex in a research note on Friday, August 7th. Truist Financial lifted their price objective on shares of Cognex from $71.00 to $78.00 and gave the company a “hold” rating in a research report on Friday, August 7th. DA Davidson set a $65.00 target price on shares of Cognex and gave the stock a “neutral” rating in a report on Monday, August 10th. Seaport Research Partners set a $75.00 target price on shares of Cognex in a research report on Tuesday, May 26th. Finally, HSBC cut shares of Cognex from a “buy” rating to a “hold” rating and set a $65.00 target price for the company. in a research note on Monday, August 10th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Cognex currently has an average rating of “Moderate Buy” and a consensus target price of $75.64.
Cognex Stock Performance
NASDAQ CGNX opened at $60.46 on Friday. The stock has a 50 day moving average price of $64.43 and a 200-day moving average price of $59.46. Cognex Corporation has a one year low of $34.60 and a one year high of $72.88. The company has a market capitalization of $10.17 billion, a P/E 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, topping the consensus estimate of $0.42 by $0.03. The company had revenue of $291.26 million for the quarter, compared to analysts’ expectations of $292.10 million. Cognex had a net margin of 16.05% and a return on equity of 13.50%. Cognex’s quarterly revenue was up 16.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.25 earnings per share. Cognex has set its FY 2026 guidance at 1.640-1.680 EPS and its Q3 2026 guidance at 0.500-0.540 EPS. As a group, equities analysts predict that Cognex Corporation will post 1.68 EPS for the current fiscal year.
Cognex Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be given a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Thursday, August 20th. Cognex’s dividend payout ratio is currently 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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