14,907 Shares in Cognex Corporation $CGNX Purchased by Csenge Advisory Group

Csenge Advisory Group purchased a new position in Cognex Corporation (NASDAQ:CGNX) in the second quarter, Holdings Channel reports. The fund purchased 14,907 shares of the scientific and technical instruments company’s stock, valued at approximately $1,080,000.

Other institutional investors also recently bought and sold shares of the company. Intech Investment Management LLC increased its holdings in 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 acquiring an additional 54,600 shares in the last quarter. One Capital Management LLC purchased a new position in Cognex during the fourth quarter valued at $1,945,000. Handelsbanken Fonder AB lifted its holdings in Cognex by 76.3% during the fourth quarter. Handelsbanken Fonder AB now owns 758,831 shares of the scientific and technical instruments company’s stock valued at $27,303,000 after purchasing an additional 328,427 shares in the last quarter. Legal & General Group Plc grew its position in shares of 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 purchasing an additional 114,652 shares during the period. Finally, M&T Bank Corp grew its position in shares of Cognex by 58.0% in the fourth quarter. M&T Bank Corp now owns 80,511 shares of the scientific and technical instruments company’s stock valued at $2,897,000 after purchasing an additional 29,546 shares during the period. 88.12% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Cognex news, VP Darren Marc Long sold 20,252 shares of the firm’s 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 transaction, the vice president directly owned 3,990 shares of the company’s stock, valued at $264,696.60. This trade represents a 83.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.70% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Citigroup restated a “neutral” rating and set a $74.00 price target (up from $72.00) on shares of Cognex in a research report on Friday, August 7th. UBS Group set a $75.00 price objective on Cognex in a report on Tuesday, May 26th. HSBC lowered Cognex from a “buy” rating to a “hold” rating and set a $65.00 price objective for the company. in a research note on Monday, August 10th. Truist Financial increased 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. Finally, Weiss Ratings upgraded Cognex from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Cognex currently has an average rating of “Moderate Buy” and an average target price of $75.64.

Cognex Stock Down 4.4%

Cognex stock opened at $60.64 on Thursday. The company has a fifty day simple moving average of $65.03 and a 200-day simple moving average of $58.59. The firm has a market capitalization of $10.20 billion, a price-to-earnings ratio of 58.87 and a beta of 1.49. Cognex Corporation has a 52-week low of $34.60 and a 52-week high of $72.88.

Cognex (NASDAQ:CGNX) last posted 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 firm had revenue of $291.26 million for the quarter, compared to the consensus estimate of $292.10 million. Cognex had a net margin of 16.05% and a return on equity of 13.50%. The company’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same period last year, the firm 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. On average, research analysts anticipate 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. Shareholders of record on Thursday, August 20th will be paid a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, August 20th. Cognex’s dividend payout ratio (DPR) is 33.01%.

Cognex Company 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.