Cognex (NASDAQ:CGNX) Trading Down 3.3% – Here’s What Happened

Cognex Corporation (NASDAQ:CGNX)’s stock price traded down 3.3% during trading on Tuesday . The stock traded as low as $59.77 and last traded at $59.9460. 173,795 shares changed hands during trading, a decline of 92% from the average daily volume of 2,147,808 shares. The stock had previously closed at $61.99.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Weiss Ratings raised shares of Cognex from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. JPMorgan Chase & Co. raised Cognex from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $65.00 to $75.00 in a research note on Tuesday, May 26th. Wall Street Zen lowered Cognex from a “buy” rating to a “hold” rating in a report on Sunday, September 13th. Zacks Research raised Cognex from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 16th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $91.00 price target on shares of Cognex in a report on Friday, August 7th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $75.64.

Cognex Stock Down 5.5%

The firm has a 50-day simple moving average of $62.62 and a 200-day simple moving average of $60.29. The stock has a market cap of $9.86 billion, a PE ratio of 57.08 and a beta of 1.49.

Cognex (NASDAQ:CGNX) last released its quarterly earnings data 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. Cognex had a return on equity of 13.50% and a net margin of 16.05%.The firm had revenue of $291.26 million for the quarter, compared to the consensus estimate of $292.10 million. During the same quarter in the previous year, the business earned $0.25 earnings per share. The company’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. On average, research analysts expect that Cognex Corporation will post 1.68 earnings per share for the current year.

Cognex Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th were given a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, August 20th. Cognex’s payout ratio is presently 33.01%.

Institutional Investors Weigh In On Cognex

Large investors have recently modified their holdings of the stock. IPG Investment Advisors LLC bought a new stake in shares of Cognex during the second quarter valued at approximately $313,000. Integrated Wealth Concepts LLC lifted its holdings in shares of Cognex by 53.1% during the second quarter. Integrated Wealth Concepts LLC now owns 15,916 shares of the scientific and technical instruments company’s stock valued at $1,153,000 after purchasing an additional 5,519 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of Cognex by 6.3% in the 2nd quarter. NewEdge Advisors LLC now owns 8,981 shares of the scientific and technical instruments company’s stock worth $650,000 after purchasing an additional 535 shares in the last quarter. GFG Capital LLC purchased a new stake in shares of Cognex in the 2nd quarter worth approximately $201,000. Finally, IFP Advisors Inc increased its position in Cognex by 21.6% during the 2nd quarter. IFP Advisors Inc now owns 956 shares of the scientific and technical instruments company’s stock valued at $69,000 after buying an additional 170 shares in the last quarter. Institutional investors own 88.12% of the company’s stock.

Cognex Company Profile

Cognex Corporation (NASDAQ: CGNX) develops machine vision technologies that help businesses automate inspection, identification, measurement and guidance tasks. Its systems enable manufacturing and logistics operations to analyze images and make decisions about products, components and packages.

The company’s product portfolio includes industrial cameras, vision sensors, barcode readers, three-dimensional vision systems and machine vision software. Cognex also offers artificial intelligence and deep-learning tools designed to address complex inspection and classification applications, along with engineering, implementation and support services.

Founded in 1981 by Robert J.