137,748 Shares in Cognex Corporation $CGNX Bought by Moore Capital Management LP

Moore Capital Management LP purchased a new stake in Cognex Corporation (NASDAQ:CGNX) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 137,748 shares of the scientific and technical instruments company’s stock, valued at approximately $9,976,000. Moore Capital Management LP owned approximately 0.08% of Cognex at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. State of Michigan Retirement System boosted its position in shares of 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 buying an additional 200 shares during the period. Personal CFO Solutions LLC raised its holdings in shares of Cognex by 3.2% during the 1st quarter. Personal CFO Solutions LLC now owns 6,793 shares of the scientific and technical instruments company’s stock valued at $333,000 after buying an additional 212 shares during the period. World Investment Advisors raised its holdings in shares of Cognex by 3.7% during the 1st quarter. World Investment Advisors now owns 6,073 shares of the scientific and technical instruments company’s stock valued at $298,000 after buying an additional 214 shares during the period. Quadrant Capital Group LLC lifted its position in Cognex by 1.0% during the 4th quarter. Quadrant Capital Group LLC now owns 22,907 shares of the scientific and technical instruments company’s stock worth $824,000 after acquiring an additional 234 shares in the last quarter. Finally, Essential Partners LLC lifted its position in Cognex by 12.5% during the 1st quarter. Essential Partners LLC now owns 2,153 shares of the scientific and technical instruments company’s stock worth $105,000 after acquiring an additional 239 shares in the last quarter. 88.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on CGNX shares. Citigroup reaffirmed a “neutral” rating and issued a $74.00 price objective (up from $72.00) on shares of Cognex in a research report on Friday, August 7th. Seaport Research Partners set a $75.00 target price on shares of Cognex in a research report on Tuesday, May 26th. Zacks Research upgraded shares of Cognex from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 16th. Weiss Ratings raised shares of Cognex from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Finally, HSBC downgraded shares of 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. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $75.64.

Cognex Price Performance

Shares of CGNX opened at $60.46 on Monday. The business’s 50 day moving average is $64.43 and its two-hundred day moving average is $59.57. Cognex Corporation has a 52-week low of $34.60 and a 52-week high of $72.88. The firm has a market cap of $10.17 billion, a price-to-earnings 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 EPS for the quarter, beating the consensus estimate of $0.42 by $0.03. The company had revenue of $291.26 million during the quarter, compared to analysts’ expectations of $292.10 million. Cognex had a return on equity of 13.50% and a net margin of 16.05%.The business’s revenue was up 16.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.25 EPS. 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 expect that Cognex Corporation will post 1.68 earnings per share for the current fiscal year.

Cognex Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders 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 annualized dividend and a dividend yield of 0.6%. Cognex’s payout ratio is presently 33.01%.

Cognex 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.