Cookson Peirce & Co. Inc. Invests $33.52 Million in Cognex Corporation $CGNX

Cookson Peirce & Co. Inc. acquired a new stake in shares of Cognex Corporation (NASDAQ:CGNX) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 462,885 shares of the scientific and technical instruments company’s stock, valued at approximately $33,522,000. Cognex makes up 1.1% of Cookson Peirce & Co. Inc.’s investment portfolio, making the stock its 24th largest position. Cookson Peirce & Co. Inc. owned approximately 0.28% of Cognex at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Cognex during the 2nd quarter worth approximately $26,000. Geneos Wealth Management Inc. lifted its stake in Cognex by 402.2% in the first quarter. Geneos Wealth Management Inc. now owns 919 shares of the scientific and technical instruments company’s stock valued at $27,000 after buying an additional 736 shares in the last quarter. Rakuten Securities Inc. acquired a new position in shares of Cognex in the second quarter valued at approximately $32,000. Transamerica Financial Advisors LLC acquired a new position in shares of Cognex in the second quarter valued at approximately $32,000. Finally, Elevation Wealth Partners LLC increased its position 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 acquiring an additional 413 shares in the last quarter. 88.12% of the stock is currently owned by institutional investors and hedge funds.

Cognex Stock Down 4.0%

Shares of CGNX stock opened at $60.46 on Friday. Cognex Corporation has a 12 month low of $34.60 and a 12 month high of $72.88. The company’s fifty day simple moving average is $64.43 and its 200-day simple moving average is $59.46. The firm has a market cap of $10.17 billion, a PE ratio of 58.70 and a beta of 1.49.

Cognex (NASDAQ:CGNX) last released its earnings results on Wednesday, August 5th. The scientific and technical instruments company reported $0.45 earnings per share for the quarter, beating 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 business had revenue of $291.26 million during the quarter, compared to the consensus estimate of $292.10 million. During the same quarter last year, the firm earned $0.25 earnings per share. The firm’s revenue for the quarter 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. On average, equities analysts predict that Cognex Corporation will post 1.68 earnings per share for the current fiscal year.

Cognex Announces Dividend

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

Analyst Upgrades and Downgrades

CGNX has been the topic of a number of research analyst reports. Needham & Company LLC raised their price objective on shares of Cognex from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Robert W. Baird set a $72.00 target price on shares of Cognex in a research note on Friday, May 8th. Stephens increased their target price on Cognex from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. HSBC downgraded 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 reaffirmed an “outperform” rating and set 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 issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently 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.