Cognex Corporation $CGNX Stock: ProShare Advisors LLC Cuts Position

ProShare Advisors LLC trimmed its stake in Cognex Corporation (NASDAQ:CGNX) by 11.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 123,373 shares of the scientific and technical instruments company’s stock after selling 16,053 shares during the period. ProShare Advisors LLC’s holdings in Cognex were worth $7,483,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Robinhood Asset Management LLC bought a new position in Cognex in the second quarter worth about $16,461,000. Hsbc Holdings PLC boosted its holdings in shares of Cognex by 210.3% in the 4th quarter. Hsbc Holdings PLC now owns 58,932 shares of the scientific and technical instruments company’s stock valued at $2,127,000 after buying an additional 39,937 shares in the last quarter. Granite Investment Partners LLC purchased a new position in shares of Cognex in the 1st quarter worth approximately $7,202,000. Equitable Holdings Inc. purchased a new position in shares of Cognex in the 2nd quarter worth approximately $918,000. Finally, Bank of America Corp DE raised its stake in shares of Cognex by 51.9% during the 1st quarter. Bank of America Corp DE now owns 731,149 shares of the scientific and technical instruments company’s stock worth $35,819,000 after acquiring an additional 249,877 shares in the last quarter. 88.12% of the stock is currently owned by hedge funds and other institutional investors.

Cognex News Summary

Here are the key news stories impacting Cognex this week:

• Positive Sentiment: Q3 adjusted EPS was $0.53, above estimates of about $0.51–$0.52 and up from $0.33 a year earlier. Revenue increased 13% year over year to $313.39 million, and the company raised its 2026 guidance after a record quarter. Cognex Reports Third Quarter 2026 Results Cognex Fiscal Q3 Adjusted Earnings, Revenue Increase; 2026 Guidance Raised
• Positive Sentiment: Cognex raised its quarterly dividend 5.9%, from $0.085 to $0.09 per share, equivalent to $0.36 annually and a 0.7% yield. Cognex dividend announcement
• Neutral Sentiment: One valuation article argued CGNX could be 33% undervalued; this is an opinion rather than a company announcement or guaranteed catalyst. Cognex Could Be 33% Undervalued Following Record Q3 and Raised Outlook
• Negative Sentiment: Revenue came in just below consensus ($313.39 million versus $313.62 million). Although EPS beat estimates, the small revenue miss and reports of a post-results stock decline suggest investors may have expected a stronger surprise. Cognex Q3 2026 Results and Stock Reaction

Cognex Stock Down 8.7%

CGNX stock opened at $53.06 on Thursday. The stock has a market capitalization of $8.93 billion, a PE ratio of 51.52 and a beta of 1.49. Cognex Corporation has a 52 week low of $34.60 and a 52 week high of $72.88. The firm has a 50 day moving average of $59.65 and a 200 day moving average of $57.96.

Cognex (NASDAQ:CGNX) last issued its quarterly earnings results on Wednesday, November 4th. The scientific and technical instruments company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. The business had revenue of $313.39 million for the quarter, compared to analyst estimates of $313.62 million. Cognex had a net margin of 16.05% and a return on equity of 13.50%. Cognex’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.33 EPS. On average, equities research analysts expect that Cognex Corporation will post 1.68 earnings per share for the current year.

Cognex Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, November 19th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, November 19th. This is a positive change from Cognex’s previous quarterly dividend of $0.0850. Cognex’s payout ratio is currently 33.01%.

Analyst Ratings Changes

A number of research firms recently commented on CGNX. Truist Financial set a $74.00 target price on shares of Cognex and gave the company a “hold” rating in a research report on Monday, October 5th. Cantor Fitzgerald upped their price target on Cognex from $76.00 to $84.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. DA Davidson reiterated a “neutral” rating and set a $65.00 price objective on shares of Cognex in a report on Wednesday, September 23rd. Zacks Research cut Cognex from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th. Finally, Citigroup restated a “neutral” rating and set a $74.00 target price (up from $72.00) on shares of Cognex in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $75.57.

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.