Susquehanna Fundamental Investments LLC bought a new stake in shares of Cognex Corporation (NASDAQ:CGNX – Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 132,294 shares of the scientific and technical instruments company’s stock, valued at approximately $9,581,000. Susquehanna Fundamental Investments LLC owned approximately 0.08% of Cognex as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Intech Investment Management LLC raised its holdings in shares of Cognex by 124.5% in the 4th quarter. Intech Investment Management LLC now owns 98,451 shares of the scientific and technical instruments company’s stock worth $3,542,000 after buying an additional 54,600 shares in the last quarter. One Capital Management LLC acquired a new stake in Cognex in the 4th quarter valued at $1,945,000. Handelsbanken Fonder AB boosted its stake in Cognex by 76.3% in the 4th quarter. Handelsbanken Fonder AB now owns 758,831 shares of the scientific and technical instruments company’s stock valued at $27,303,000 after buying an additional 328,427 shares in the last quarter. Legal & General Group Plc grew its position in Cognex by 11.1% in the fourth quarter. Legal & General Group Plc now owns 1,152,053 shares of the scientific and technical instruments company’s stock valued at $41,451,000 after acquiring an additional 114,652 shares during the period. Finally, M&T Bank Corp raised its stake in Cognex by 58.0% during the fourth quarter. M&T Bank Corp now owns 80,511 shares of the scientific and technical instruments company’s stock worth $2,897,000 after acquiring an additional 29,546 shares in the last quarter. Institutional investors own 88.12% of the company’s stock.
Analyst Ratings Changes
Several brokerages have recently commented on CGNX. UBS Group set a $75.00 target price on shares of Cognex in a research note on Tuesday, May 26th. Needham & Company LLC increased their target price on shares of Cognex from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Sanford C. Bernstein reissued an “outperform” rating and set a $75.00 price target on shares of Cognex in a report on Thursday, May 7th. Wall Street Zen lowered shares of Cognex from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Seaport Research Partners set a $75.00 price objective on shares of Cognex in a research note on Tuesday, May 26th. 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 company has an average rating of “Moderate Buy” and an average target price of $75.64.
Cognex Stock Performance
Shares of CGNX stock opened at $60.46 on Monday. Cognex Corporation has a 52 week low of $34.60 and a 52 week high of $72.88. The stock has a market capitalization of $10.17 billion, a PE ratio of 58.70 and a beta of 1.49. The stock’s fifty day moving average is $64.43 and its 200-day moving average is $59.57.
Cognex (NASDAQ:CGNX – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The scientific and technical instruments company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.03. Cognex had a net margin of 16.05% and a return on equity of 13.50%. The business had revenue of $291.26 million for the quarter, compared to the consensus estimate of $292.10 million. During the same quarter in the prior year, the company earned $0.25 EPS. The firm’s quarterly revenue was up 16.9% on a year-over-year basis. 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, analysts forecast that Cognex Corporation will post 1.68 earnings per share for the current fiscal year.
Cognex Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be paid 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 of this dividend is Thursday, August 20th. Cognex’s dividend payout ratio is 33.01%.
About Cognex
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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