Robinhood Asset Management LLC Takes Position in Cognex Corporation $CGNX

Robinhood Asset Management LLC purchased a new position in Cognex Corporation (NASDAQ:CGNX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 227,296 shares of the scientific and technical instruments company’s stock, valued at approximately $16,461,000. Cognex comprises approximately 0.9% of Robinhood Asset Management LLC’s portfolio, making the stock its 23rd largest position. Robinhood Asset Management LLC owned 0.14% of Cognex as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. State of Michigan Retirement System lifted its holdings in Cognex by 0.5% in the 1st 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 purchasing an additional 200 shares in the last quarter. Personal CFO Solutions LLC grew its holdings in shares of Cognex by 3.2% during the first quarter. Personal CFO Solutions LLC now owns 6,793 shares of the scientific and technical instruments company’s stock worth $333,000 after buying an additional 212 shares in the last quarter. World Investment Advisors grew its holdings in shares of Cognex by 3.7% during the first quarter. World Investment Advisors now owns 6,073 shares of the scientific and technical instruments company’s stock worth $298,000 after buying an additional 214 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of Cognex by 1.0% in the fourth quarter. Quadrant Capital Group LLC now owns 22,907 shares of the scientific and technical instruments company’s stock valued at $824,000 after buying an additional 234 shares during the last quarter. Finally, Essential Partners LLC raised its position in shares of Cognex by 12.5% in the first quarter. Essential Partners LLC now owns 2,153 shares of the scientific and technical instruments company’s stock valued at $105,000 after buying an additional 239 shares during the last quarter. 88.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Cognex

In related news, VP Darren Marc Long sold 20,252 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $66.34, for a total value of $1,343,517.68. Following the transaction, the vice president directly owned 3,990 shares in the company, valued at approximately $264,696.60. This represents a 83.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.70% of the company’s stock.

Cognex Trading Up 1.4%

Shares of CGNX opened at $60.54 on Friday. Cognex Corporation has a 12-month low of $34.60 and a 12-month high of $72.88. The firm has a 50-day moving average price of $64.92 and a 200 day moving average price of $58.76. The firm has a market capitalization of $10.18 billion, a P/E ratio of 58.78 and a beta of 1.49.

Cognex (NASDAQ:CGNX) last issued 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. The company had revenue of $291.26 million for the quarter, compared to the consensus estimate of $292.10 million. Cognex had a net margin of 16.05% and a return on equity of 13.50%. Cognex’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same period in the previous year, the firm 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. Equities research analysts predict that Cognex Corporation will post 1.68 earnings per share for the current fiscal year.

Cognex Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be given a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, August 20th. Cognex’s payout ratio is presently 33.01%.

Analysts Set New Price Targets

A number of research firms recently weighed in on CGNX. Weiss Ratings upgraded shares of Cognex from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Truist Financial increased their price objective on shares of Cognex from $71.00 to $78.00 and gave the company a “hold” rating in a report on Friday, August 7th. UBS Group set a $75.00 target price on shares of Cognex in a research note on Tuesday, May 26th. HSBC cut Cognex from a “buy” rating to a “hold” rating and set a $65.00 target price on the stock. in a report on Monday, August 10th. Finally, Needham & Company LLC upped their price target on Cognex from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Two research 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.