Strategic Global Advisors LLC Takes Position in Cognex Corporation $CGNX

Strategic Global Advisors LLC acquired a new stake in Cognex Corporation (NASDAQ:CGNX) in the second quarter, HoldingsChannel reports. The fund acquired 52,095 shares of the scientific and technical instruments company’s stock, valued at approximately $3,773,000.

Other institutional investors also recently modified their holdings of the company. Royal Bank of Canada grew its holdings in Cognex by 13.2% during the first quarter. Royal Bank of Canada now owns 200,351 shares of the scientific and technical instruments company’s stock worth $5,976,000 after purchasing an additional 23,326 shares during the period. Empowered Funds LLC acquired a new position in Cognex during the first quarter worth approximately $291,000. Intech Investment Management LLC raised its stake in Cognex by 24.1% in the first quarter. Intech Investment Management LLC now owns 47,444 shares of the scientific and technical instruments company’s stock valued at $1,415,000 after buying an additional 9,223 shares during the period. Geneos Wealth Management Inc. raised its stake in Cognex by 402.2% in the first quarter. Geneos Wealth Management Inc. now owns 919 shares of the scientific and technical instruments company’s stock valued at $27,000 after buying an additional 736 shares during the period. Finally, Cetera Investment Advisers lifted its position in shares of Cognex by 7.5% in the second quarter. Cetera Investment Advisers now owns 13,208 shares of the scientific and technical instruments company’s stock valued at $419,000 after buying an additional 920 shares during the last quarter. 88.12% of the stock is currently owned by institutional investors and hedge funds.

Cognex Stock Up 3.2%

Shares of CGNX stock opened at $61.72 on Thursday. Cognex Corporation has a 12-month low of $34.60 and a 12-month high of $72.88. The company has a market capitalization of $10.38 billion, a PE ratio of 59.92 and a beta of 1.49. The firm has a 50 day moving average price of $64.60 and a two-hundred day moving average price of $59.30.

Cognex (NASDAQ:CGNX) last posted its earnings results on Wednesday, August 5th. The scientific and technical instruments company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.42 by $0.03. The company had revenue of $291.26 million for the quarter, compared to the consensus estimate of $292.10 million. Cognex had a return on equity of 13.50% and a net margin of 16.05%.The firm’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same quarter in the prior year, the business 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. As a group, research analysts expect that Cognex Corporation will post 1.68 EPS for the current year.

Cognex Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be issued 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 is currently 33.01%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CGNX shares. The Goldman Sachs Group reiterated a “buy” rating and set a $91.00 target price on shares of Cognex in a research note on Friday, August 7th. Wall Street Zen cut Cognex from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Citigroup reaffirmed a “neutral” rating and set a $74.00 price target (up from $72.00) on shares of Cognex in a report on Friday, August 7th. Seaport Research Partners set a $75.00 price objective on shares of Cognex in a research report on Tuesday, May 26th. Finally, DA Davidson set a $65.00 price objective on shares of Cognex and gave the company a “neutral” rating in a report on Monday, August 10th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $75.64.

Cognex 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.