Lombard Odier Asset Management Europe Ltd Makes New $893,000 Investment in Cognex Corporation $CGNX

Lombard Odier Asset Management Europe Ltd bought a new stake in Cognex Corporation (NASDAQ:CGNX) during the second quarter, HoldingsChannel reports. The institutional investor bought 12,329 shares of the scientific and technical instruments company’s stock, valued at approximately $893,000.

A number of other large investors have also recently bought and sold shares of CGNX. BlackRock Inc. purchased a new stake in shares of Cognex in the second quarter valued at $1,158,123,000. Northwestern Mutual Wealth Management Co. increased its position in Cognex by 173,138.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 10,477,448 shares of the scientific and technical instruments company’s stock worth $376,979,000 after purchasing an additional 10,471,400 shares in the last quarter. Jupiter Topco LLC acquired a new position in Cognex in the 2nd quarter valued at about $161,425,000. Norges Bank acquired a new position in Cognex in the 4th quarter valued at about $73,103,000. Finally, Alyeska Investment Group L.P. acquired a new position in Cognex in the 4th quarter valued at about $68,388,000. Institutional investors and hedge funds own 88.12% of the company’s stock.

Cognex Stock Performance

NASDAQ CGNX opened at $60.46 on Friday. The firm has a market capitalization of $10.17 billion, a price-to-earnings ratio of 58.70 and a beta of 1.49. The company’s 50 day moving average price is $64.43 and its 200 day moving average price is $59.46. Cognex Corporation has a one year low of $34.60 and a one year high of $72.88.

Cognex (NASDAQ:CGNX) last announced its quarterly 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. Cognex had a net margin of 16.05% and a return on equity of 13.50%. The firm had revenue of $291.26 million during the quarter, compared to analysts’ expectations of $292.10 million. During the same period in the prior year, the company earned $0.25 EPS. The firm’s revenue was up 16.9% on a year-over-year basis. Cognex has set its FY 2026 guidance at 1.640-1.680 EPS and its Q3 2026 guidance at 0.500-0.540 EPS. Sell-side analysts forecast that Cognex Corporation will post 1.68 EPS for the current fiscal year.

Cognex Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be paid a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Thursday, August 20th. Cognex’s payout ratio is currently 33.01%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Robert W. Baird set a $72.00 price target on shares of Cognex in a research note on Friday, May 8th. UBS Group set a $75.00 price objective on Cognex in a report on Tuesday, May 26th. Wall Street Zen downgraded Cognex from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. HSBC lowered Cognex from a “buy” rating to a “hold” rating and set a $65.00 target price for the company. in a research note on Monday, August 10th. Finally, Seaport Research Partners set a $75.00 target price on Cognex in a research report on Tuesday, May 26th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.