Ieq Capital LLC Makes New $7.20 Million Investment in Cognex Corporation $CGNX

Ieq Capital LLC purchased a new stake in shares of Cognex Corporation (NASDAQ:CGNX) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 99,395 shares of the scientific and technical instruments company’s stock, valued at approximately $7,198,000. Ieq Capital LLC owned 0.06% of Cognex at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Cognex in the 2nd quarter worth approximately $26,000. Elevation Wealth Partners LLC lifted its holdings in shares of Cognex by 635.4% during the second quarter. Elevation Wealth Partners LLC now owns 478 shares of the scientific and technical instruments company’s stock worth $35,000 after buying an additional 413 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Cognex in the second quarter valued at approximately $45,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of Cognex in the first quarter valued at approximately $36,000. Finally, CIBC Private Wealth Group LLC grew its stake in shares of Cognex by 74.8% in the third quarter. CIBC Private Wealth Group LLC now owns 764 shares of the scientific and technical instruments company’s stock worth $35,000 after acquiring an additional 327 shares during the last quarter. 88.12% of the stock is owned by institutional investors and hedge funds.

Cognex Price Performance

Shares of CGNX stock opened at $60.54 on Monday. The company has a market capitalization of $10.18 billion, a P/E ratio of 58.78 and a beta of 1.49. 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 $58.89.

Cognex (NASDAQ:CGNX) last issued its quarterly earnings data on Wednesday, August 5th. The scientific and technical instruments company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.03. Cognex had a net margin of 16.05% and a return on equity of 13.50%. The firm had revenue of $291.26 million for the quarter, compared to analysts’ expectations of $292.10 million. During the same period in the prior year, the firm earned $0.25 earnings per share. The company’s quarterly revenue was up 16.9% compared to the same quarter last year. Cognex has set its FY 2026 guidance at 1.640-1.680 EPS and its Q3 2026 guidance at 0.500-0.540 EPS. As a group, research analysts expect that Cognex Corporation will post 1.68 earnings per share for the current 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 given a $0.085 dividend. The ex-dividend date is Thursday, August 20th. This represents a $0.34 annualized dividend and a yield of 0.6%. Cognex’s payout ratio is presently 33.01%.

Insider Transactions at Cognex

In other Cognex news, VP Darren Marc Long sold 20,252 shares of the business’s stock in a transaction 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 owned 3,990 shares of the company’s stock, valued at approximately $264,696.60. The trade was a 83.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Stephens boosted their target price on shares of Cognex from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Wall Street Zen lowered shares of Cognex from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. The Goldman Sachs Group restated a “buy” rating and issued a $91.00 price target on shares of Cognex in a research report on Friday, August 7th. HSBC lowered Cognex from a “buy” rating to a “hold” rating and set a $65.00 price target on the stock. in a research note on Monday, August 10th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $75.00 price objective on shares of Cognex in a research report on Thursday, May 7th. Two 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.