Cognex Corporation $CGNX Stock Holdings Lessened by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its stake in shares of Cognex Corporation (NASDAQ:CGNX) by 5.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 162,169 shares of the scientific and technical instruments company’s stock after selling 8,849 shares during the quarter. New York State Teachers Retirement System’s holdings in Cognex were worth $7,945,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Optas LLC purchased a new position in shares of Cognex during the 1st quarter valued at $254,000. Root Financial Partners LLC increased its position in Cognex by 683.8% in the 1st quarter. Root Financial Partners LLC now owns 1,207 shares of the scientific and technical instruments company’s stock worth $59,000 after purchasing an additional 1,053 shares during the last quarter. Coston McIsaac & Partners purchased a new stake in shares of Cognex during the 1st quarter worth about $207,000. Janney Montgomery Scott LLC raised its stake in shares of Cognex by 44.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 54,462 shares of the scientific and technical instruments company’s stock worth $2,668,000 after purchasing an additional 16,651 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC acquired a new stake in shares of Cognex during the 1st quarter valued at about $250,000. Institutional investors and hedge funds own 88.12% of the company’s stock.

Wall Street Analysts Forecast Growth

CGNX has been the subject of several recent research reports. Truist Financial boosted their price target on Cognex from $61.00 to $71.00 and gave the company a “hold” rating in a research note on Thursday, July 2nd. Zacks Research upgraded shares of Cognex from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 16th. Wall Street Zen raised shares of Cognex from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. The Goldman Sachs Group restated a “buy” rating and set a $80.00 price target (up from $70.00) on shares of Cognex in a research note on Monday, May 11th. Finally, UBS Group set a $75.00 price target on shares of Cognex in a report on Tuesday, May 26th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Cognex has a consensus rating of “Moderate Buy” and a consensus target price of $71.14.

Cognex Price Performance

CGNX traded down $6.34 on Tuesday, hitting $63.15. The company had a trading volume of 586,553 shares, compared to its average volume of 2,241,143. The stock has a market cap of $10.51 billion, a price-to-earnings ratio of 75.13 and a beta of 1.49. The company’s fifty day moving average price is $64.11 and its 200 day moving average price is $52.76. Cognex Corporation has a 1-year low of $32.09 and a 1-year high of $72.88.

Cognex (NASDAQ:CGNX) last announced its quarterly earnings results on Wednesday, May 6th. The scientific and technical instruments company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.25 by $0.09. Cognex had a return on equity of 10.89% and a net margin of 13.62%.The company had revenue of $268.44 million for the quarter, compared to the consensus estimate of $245.98 million. During the same quarter last year, the company posted $0.14 earnings per share. The company’s revenue for the quarter was up 24.3% compared to the same quarter last year. Cognex has set its Q2 2026 guidance at 0.400-0.440 EPS. On average, sell-side analysts forecast that Cognex Corporation will post 1.49 EPS for the current year.

Cognex Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were issued a $0.085 dividend. This represents a $0.34 annualized dividend and a yield of 0.5%. The ex-dividend date was Thursday, May 21st. Cognex’s dividend payout ratio (DPR) is 40.48%.

Insider Buying and Selling at Cognex

In related news, VP Darren Marc Long sold 20,252 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $66.34, for a total transaction of $1,343,517.68. Following the completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Laura Ann Macdonald sold 41,600 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $65.56, for a total value of $2,727,296.00. Following the completion of the sale, the vice president directly owned 5,258 shares in the company, valued at $344,714.48. This trade represents a 88.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 224,847 shares of company stock worth $14,975,098 over the last ninety days. Company insiders own 1.70% of the company’s stock.

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.