228,523 Shares in Cognex Corporation $CGNX Bought by J. Goldman & Co LP

J. Goldman & Co LP purchased a new position in shares of Cognex Corporation (NASDAQ:CGNX) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 228,523 shares of the scientific and technical instruments company’s stock, valued at approximately $16,550,000.

Other large investors have also recently added to or reduced their stakes in the company. State of Michigan Retirement System raised its holdings in shares of 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 during the period. Personal CFO Solutions LLC increased its position in 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 during the last quarter. World Investment Advisors raised its stake in Cognex by 3.7% in the first quarter. World Investment Advisors now owns 6,073 shares of the scientific and technical instruments company’s stock valued at $298,000 after buying an additional 214 shares during the period. Quadrant Capital Group LLC lifted 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 boosted its stake in shares of Cognex by 12.5% during the 1st quarter. Essential Partners LLC now owns 2,153 shares of the scientific and technical instruments company’s stock worth $105,000 after acquiring an additional 239 shares during the period. Institutional investors and hedge funds own 88.12% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Wall Street Zen lowered Cognex from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings raised shares of Cognex from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Robert W. Baird set a $72.00 price objective on shares of Cognex in a research report on Friday, May 8th. Cantor Fitzgerald lifted their target price on shares of Cognex from $76.00 to $84.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Finally, DA Davidson set a $65.00 price target on shares of Cognex and gave the company a “neutral” rating in a research note on Monday, August 10th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.64.

Cognex Price Performance

Shares of NASDAQ CGNX opened at $59.82 on Wednesday. The stock’s fifty day moving average price is $64.66 and its two-hundred day moving average price is $59.15. Cognex Corporation has a one year low of $34.60 and a one year high of $72.88. The firm has a market cap of $10.06 billion, a price-to-earnings ratio of 58.08 and a beta of 1.49.

Cognex (NASDAQ:CGNX) last posted its earnings results on Wednesday, August 5th. The scientific and technical instruments company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.03. The company had revenue of $291.26 million during 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 company’s revenue was up 16.9% on a year-over-year basis. During the same quarter last 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. On average, equities analysts anticipate that Cognex Corporation will post 1.68 earnings per share for the current fiscal year.

Cognex Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $0.34 dividend on an annualized basis and a yield of 0.6%. Cognex’s payout ratio is currently 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.