Jupiter Topco LLC Buys New Holdings in Cognex Corporation $CGNX

Jupiter Topco LLC purchased a new position in Cognex Corporation (NASDAQ:CGNX) in the second quarter, Holdings Channel reports. The fund purchased 2,228,089 shares of the scientific and technical instruments company’s stock, valued at approximately $161,425,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CGNX. BlackRock Inc. purchased a new stake in shares of Cognex in the 2nd quarter valued at approximately $1,158,123,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of 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 purchasing an additional 10,471,400 shares during the last quarter. Norges Bank acquired a new position in shares of Cognex during the fourth quarter worth $73,103,000. Alyeska Investment Group L.P. acquired a new position in shares of Cognex during the fourth quarter worth $68,388,000. Finally, Bank of New York Mellon Corp purchased a new position in Cognex in the second quarter valued at $129,348,000. Institutional investors and hedge funds own 88.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on CGNX shares. Robert W. Baird set a $72.00 price target on Cognex in a research note on Friday, May 8th. Weiss Ratings upgraded Cognex from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. JPMorgan Chase & Co. upgraded Cognex from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $65.00 to $75.00 in a research note on Tuesday, May 26th. Zacks Research raised Cognex from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 16th. Finally, Truist Financial increased their price target on shares of Cognex from $71.00 to $78.00 and gave the company a “hold” rating in a research note on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $75.64.

Cognex Price Performance

NASDAQ CGNX opened at $61.72 on Thursday. The company has a fifty day moving average of $64.60 and a two-hundred day moving average of $59.30. The company has a market capitalization of $10.38 billion, a PE ratio of 59.92 and a beta of 1.49. Cognex Corporation has a 1 year low of $34.60 and a 1 year high of $72.88.

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, topping analysts’ consensus estimates of $0.42 by $0.03. Cognex had a return on equity of 13.50% and a net margin of 16.05%.The business had revenue of $291.26 million for the quarter, compared to analysts’ expectations of $292.10 million. During the same quarter in the previous year, the firm earned $0.25 earnings per share. The business’s revenue 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, research analysts expect that Cognex Corporation will post 1.68 earnings per share for the current year.

Cognex Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be given a dividend of $0.085 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $0.34 annualized dividend and a yield of 0.6%. Cognex’s payout ratio 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.