Oppenheimer Asset Management Inc. Purchases Shares of 400,910 Cognex Corporation $CGNX

Oppenheimer Asset Management Inc. acquired a new position in shares of Cognex Corporation (NASDAQ:CGNX) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 400,910 shares of the scientific and technical instruments company’s stock, valued at approximately $29,034,000.

Other large investors have also recently made changes to their positions in the company. Tema ETFs LLC increased its position in shares of Cognex by 3.9% during the second quarter. Tema ETFs LLC now owns 320,678 shares of the scientific and technical instruments company’s stock worth $23,224,000 after acquiring an additional 11,988 shares in the last quarter. Sax Wealth Advisors LLC acquired a new position in Cognex during the 2nd quarter valued at about $475,000. Hennion & Walsh Asset Management Inc. boosted its stake in Cognex by 65.6% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 19,432 shares of the scientific and technical instruments company’s stock valued at $1,407,000 after purchasing an additional 7,701 shares during the last quarter. Gradient Investments LLC bought a new stake in Cognex during the 2nd quarter worth approximately $1,012,000. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Cognex in the second quarter worth approximately $45,000. 88.12% of the stock is owned by institutional investors.

Cognex Stock Performance

CGNX opened at $65.63 on Friday. Cognex Corporation has a fifty-two week low of $34.60 and a fifty-two week high of $72.88. The firm has a 50-day moving average of $64.87 and a 200 day moving average of $57.95. The firm has a market cap of $11.04 billion, a P/E ratio of 63.72 and a beta of 1.49.

Cognex (NASDAQ:CGNX) last announced its quarterly earnings data on Wednesday, August 5th. The scientific and technical instruments company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.42 by $0.03. The business had revenue of $291.26 million for the quarter, compared to analyst estimates of $292.10 million. Cognex had a net margin of 16.05% and a return on equity of 13.50%. The company’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be paid a dividend of $0.085 per share. The ex-dividend date is Thursday, August 20th. This represents a $0.34 annualized dividend and a dividend yield of 0.5%. Cognex’s dividend payout ratio (DPR) is presently 33.01%.

Insider Activity at Cognex

In related news, VP Darren Marc Long sold 20,252 shares of Cognex stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $66.34, for a total value of $1,343,517.68. Following the sale, the vice president owned 3,990 shares of the company’s stock, valued at approximately $264,696.60. The trade was a 83.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. UBS Group set a $75.00 target price on Cognex in a report on Tuesday, May 26th. Wall Street Zen downgraded Cognex from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Robert W. Baird set a $72.00 price target on Cognex in a research report on Friday, May 8th. Needham & Company LLC increased 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. Finally, The Goldman Sachs Group restated a “buy” rating and set a $91.00 price objective on shares of Cognex 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 assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $75.64.

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.