J. Goldman & Co LP Invests $16.55 Million in Cognex Corporation $CGNX

J. Goldman & Co LP acquired a new stake in Cognex Corporation (NASDAQ:CGNX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 228,523 shares of the scientific and technical instruments company’s stock, valued at approximately $16,550,000. J. Goldman & Co LP owned about 0.14% of Cognex as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in CGNX. BlackRock Inc. acquired a new position in shares of Cognex in the 2nd quarter valued at approximately $1,158,123,000. Northwestern Mutual Wealth Management Co. raised its holdings in Cognex by 173,138.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 10,477,448 shares of the scientific and technical instruments company’s stock worth $376,979,000 after buying an additional 10,471,400 shares during the period. Norges Bank acquired a new stake in Cognex during the 4th quarter worth approximately $73,103,000. Alyeska Investment Group L.P. bought a new position in Cognex in the fourth quarter valued at approximately $68,388,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Cognex in the second quarter valued at approximately $129,348,000. Institutional investors own 88.12% of the company’s stock.

Cognex Stock Up 2.2%

Shares of CGNX stock opened at $59.82 on Wednesday. Cognex Corporation has a 12 month low of $34.60 and a 12 month high of $72.88. The company’s fifty day simple moving average is $64.66 and its 200-day simple moving average is $59.15. The firm has a market cap of $10.06 billion, a PE ratio of 58.08 and a beta of 1.49.

Cognex (NASDAQ:CGNX) last released its earnings results on Wednesday, August 5th. The scientific and technical instruments company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $292.10 million. During the same quarter last year, the firm earned $0.25 earnings per share. The firm’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. On average, equities analysts predict that Cognex Corporation will post 1.68 earnings per share for the current fiscal year.

Cognex Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be given a $0.085 dividend. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 0.6%. Cognex’s payout ratio is currently 33.01%.

Analysts Set New Price Targets

CGNX has been the topic of a number of research analyst reports. Robert W. Baird set a $72.00 price objective on shares of Cognex in a report on Friday, May 8th. Barclays reiterated an “overweight” rating and set a $80.00 target price (up from $75.00) on shares of Cognex in a report on Monday, August 10th. Truist Financial lifted their price target on Cognex from $71.00 to $78.00 and gave the company a “hold” rating in a research note on Friday, August 7th. Stephens boosted their price target on Cognex from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Finally, Needham & Company LLC upped their price objective on Cognex from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Two investment 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’s stock. According to data from MarketBeat, Cognex presently has a consensus rating of “Moderate Buy” and an average target price of $75.64.

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.