Cidel Asset Management Inc. Makes New Investment in Cognex Corporation $CGNX

Cidel Asset Management Inc. purchased a new position in Cognex Corporation (NASDAQ:CGNX) in the third quarter, Holdings Channel reports. The fund purchased 13,759 shares of the scientific and technical instruments company’s stock, valued at approximately $834,000.

Other institutional investors have also recently bought and sold shares of the company. IFP Advisors Inc lifted its position in shares of Cognex by 21.6% during the 2nd quarter. IFP Advisors Inc now owns 956 shares of the scientific and technical instruments company’s stock worth $69,000 after purchasing an additional 170 shares during the last quarter. State of Michigan Retirement System lifted its stake in shares of Cognex by 0.5% in the first quarter. State of Michigan Retirement System now owns 39,853 shares of the scientific and technical instruments company’s stock valued at $1,952,000 after buying an additional 200 shares during the period. Mather Group LLC. lifted its stake in shares of Cognex by 81.3% in the third quarter. Mather Group LLC. now owns 446 shares of the scientific and technical instruments company’s stock valued at $27,000 after buying an additional 200 shares during the period. SYM FINANCIAL Corp grew its position in Cognex by 6.3% during the third quarter. SYM FINANCIAL Corp now owns 3,372 shares of the scientific and technical instruments company’s stock worth $204,000 after buying an additional 201 shares in the last quarter. Finally, Eastern Bank grew its position in Cognex by 20.0% during the third quarter. Eastern Bank now owns 1,242 shares of the scientific and technical instruments company’s stock worth $75,000 after buying an additional 207 shares in the last quarter. Institutional investors own 88.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $91.00 price target on shares of Cognex in a report on Friday, August 7th. Wall Street Zen lowered Cognex from a “buy” rating to a “hold” rating in a report on Sunday, September 13th. DA Davidson restated a “neutral” rating and set a $65.00 price objective on shares of Cognex in a research report on Wednesday, September 23rd. Needham & Company LLC restated a “buy” rating and issued a $80.00 target price on shares of Cognex in a research note on Tuesday, September 15th. Finally, Robert W. Baird cut their target price on Cognex from $78.00 to $70.00 and set a “neutral” rating for the company in a research note on Wednesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, Cognex has a consensus rating of “Moderate Buy” and a consensus target price of $75.57.

Cognex Price Performance

NASDAQ CGNX opened at $56.15 on Monday. Cognex Corporation has a twelve month low of $34.60 and a twelve month high of $72.88. The stock has a market cap of $9.45 billion, a P/E ratio of 54.52 and a beta of 1.49. The company’s 50-day simple moving average is $59.87 and its 200 day simple moving average is $57.72.

Cognex (NASDAQ:CGNX) last announced its quarterly earnings results on Wednesday, August 5th. The scientific and technical instruments company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.03. The firm had revenue of $291.26 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last 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. Research analysts anticipate that Cognex Corporation will post 1.68 earnings per share for the current year.

Cognex Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 20th were given a dividend of $0.0850 per share. This represents a $0.34 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Thursday, August 20th. Cognex’s dividend payout ratio (DPR) is 33.01%.

About Cognex

Cognex Corporation develops machine vision and industrial identification technologies that help manufacturers and businesses automate inspection, measurement, guidance, and tracking processes. Its systems use cameras, sensors, software, and artificial intelligence to analyze images and identify products, defects, components, and other objects.

The company’s product portfolio includes vision systems, industrial cameras, vision sensors, barcode readers, optical character recognition tools, three-dimensional vision systems, and machine vision software.