Moore Capital Management LP Takes $9.98 Million Position in Cognex Corporation $CGNX

Moore Capital Management LP purchased a new stake in shares of Cognex Corporation (NASDAQ:CGNXFree Report) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 137,748 shares of the scientific and technical instruments company’s stock, valued at approximately $9,976,000.

Several other large investors have also recently added to or reduced their stakes in CGNX. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Cognex during the second quarter valued at $26,000. Rakuten Securities Inc. bought a new position in shares of Cognex in the 2nd quarter worth about $32,000. Transamerica Financial Advisors LLC acquired a new position in shares of Cognex in the 2nd quarter valued at about $32,000. Elevation Wealth Partners LLC boosted its holdings in shares of Cognex by 635.4% in the 2nd quarter. Elevation Wealth Partners LLC now owns 478 shares of the scientific and technical instruments company’s stock valued at $35,000 after buying an additional 413 shares during the period. Finally, FNY Investment Advisers LLC bought a new stake in shares of Cognex during the 2nd quarter valued at about $45,000. 88.12% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on CGNX. Needham & Company LLC upped their target price on Cognex from $75.00 to $80.00 and gave the company a “buy” rating in a report on Friday, August 7th. Stephens raised their price target on Cognex from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. JPMorgan Chase & Co. upgraded Cognex from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $65.00 to $75.00 in a research report on Tuesday, May 26th. DA Davidson set a $65.00 price objective on Cognex and gave the stock a “neutral” rating in a research note on Monday, August 10th. Finally, Zacks Research raised Cognex from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 16th. Two 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, Cognex has an average rating of “Moderate Buy” and a consensus price target of $75.64.

Get Our Latest Report on CGNX

Cognex Price Performance

Cognex stock opened at $60.46 on Monday. Cognex Corporation has a 12-month low of $34.60 and a 12-month 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 firm has a 50 day simple moving average of $64.43 and a 200-day simple moving average of $59.57.

Cognex (NASDAQ:CGNXGet Free Report) last announced its earnings results on Wednesday, August 5th. The scientific and technical instruments company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.42 by $0.03. The firm had revenue of $291.26 million for the quarter, compared to analysts’ expectations of $292.10 million. Cognex had a return on equity of 13.50% and a net margin of 16.05%.The firm’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $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. On average, analysts forecast that Cognex Corporation will post 1.68 earnings per share for the current fiscal year.

Cognex Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders 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 dividend yield of 0.6%. Cognex’s dividend payout ratio is 33.01%.

Cognex Company 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.

Further Reading

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Institutional Ownership by Quarter for Cognex (NASDAQ:CGNX)

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