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

Cidel Asset Management Inc. purchased a new stake in shares of Cognex Corporation (NASDAQ:CGNX) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 13,759 shares of the scientific and technical instruments company’s stock, valued at approximately $834,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. IFP Advisors Inc boosted its stake in Cognex by 21.6% during the second quarter. IFP Advisors Inc now owns 956 shares of the scientific and technical instruments company’s stock valued at $69,000 after buying an additional 170 shares in the last quarter. State of Michigan Retirement System raised its position in 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 worth $1,952,000 after acquiring an additional 200 shares in the last quarter. Mather Group LLC. raised its position in Cognex by 81.3% in the third quarter. Mather Group LLC. now owns 446 shares of the scientific and technical instruments company’s stock worth $27,000 after acquiring an additional 200 shares in the last quarter. SYM FINANCIAL Corp raised its position in Cognex by 6.3% in the third quarter. SYM FINANCIAL Corp now owns 3,372 shares of the scientific and technical instruments company’s stock worth $204,000 after acquiring an additional 201 shares in the last quarter. Finally, Eastern Bank raised its position in Cognex by 20.0% in the third quarter. Eastern Bank now owns 1,242 shares of the scientific and technical instruments company’s stock worth $75,000 after acquiring an additional 207 shares in the last quarter. Institutional investors own 88.12% of the company’s stock.

Cognex Stock Performance

NASDAQ CGNX opened at $56.15 on Monday. Cognex Corporation has a 1 year low of $34.60 and a 1 year high of $72.88. The stock’s 50-day moving average price is $59.87 and its two-hundred day moving average price is $57.72. The company has a market cap of $9.45 billion, a PE ratio of 54.52 and a beta of 1.49.

Cognex (NASDAQ:CGNX) last posted its quarterly earnings results on Wednesday, August 5th. The scientific and technical instruments company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.03. The firm had revenue of $291.26 million for the quarter, compared to analyst estimates of $292.10 million. Cognex had a return on equity of 13.50% and a net margin of 16.05%. Cognex’s quarterly revenue was up 16.9% on a year-over-year basis. 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. Research analysts forecast that Cognex Corporation will post 1.68 EPS for the current fiscal year.

Cognex Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th were issued 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 payout ratio is currently 33.01%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CGNX shares. Citigroup reissued a “neutral” rating and issued a $74.00 price target (up from $72.00) on shares of Cognex in a report on Friday, August 7th. Zacks Research cut shares of Cognex from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. Barclays boosted their target price on shares of Cognex from $80.00 to $85.00 and gave the stock an “overweight” rating in a report on Monday, October 12th. Robert W. Baird cut their target price on shares of Cognex from $78.00 to $70.00 and set a “neutral” rating for the company in a research note on Wednesday, September 23rd. Finally, Wall Street Zen lowered shares of Cognex from a “buy” rating to a “hold” rating in a research note on Sunday, September 13th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $75.57.

Cognex Company Profile

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.