Corient Private Wealth LP Takes Position in Cognex Corporation $CGNX

Corient Private Wealth LP bought a new stake in Cognex Corporation (NASDAQ:CGNX) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 282,254 shares of the scientific and technical instruments company’s stock, valued at approximately $20,441,000.

Other large investors also recently modified their holdings of the company. State of Michigan Retirement System increased its stake in Cognex by 0.5% during the 1st 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 purchasing an additional 200 shares in the last quarter. Personal CFO Solutions LLC lifted its position in 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 worth $333,000 after buying an additional 212 shares in the last quarter. World Investment Advisors raised its holdings in Cognex by 3.7% during the first quarter. World Investment Advisors now owns 6,073 shares of the scientific and technical instruments company’s stock worth $298,000 after acquiring an additional 214 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of 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 purchasing an additional 234 shares in the last quarter. Finally, Essential Partners LLC lifted its stake in Cognex by 12.5% in the first quarter. Essential Partners LLC now owns 2,153 shares of the scientific and technical instruments company’s stock valued at $105,000 after acquiring an additional 239 shares during the last quarter. 88.12% of the stock is currently owned by institutional investors.

Cognex Price Performance

NASDAQ:CGNX opened at $60.46 on Friday. The company has a market cap of $10.17 billion, a PE ratio of 58.70 and a beta of 1.49. The firm’s 50 day simple moving average is $64.43 and its 200 day simple moving average 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 posted its quarterly earnings data 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 return on equity of 13.50% and a net margin of 16.05%.The business had revenue of $291.26 million during the quarter, compared to the consensus estimate of $292.10 million. During the same period in the prior year, the business posted $0.25 earnings per share. Cognex’s quarterly 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. Equities research analysts expect that Cognex Corporation will post 1.68 EPS for the current year.

Cognex Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be issued a dividend of $0.085 per share. The ex-dividend date is Thursday, August 20th. This represents a $0.34 annualized dividend and a yield of 0.6%. Cognex’s dividend payout ratio (DPR) is presently 33.01%.

Analysts Set New Price Targets

CGNX has been the subject of a number of recent analyst reports. Barclays reaffirmed an “overweight” rating and issued a $80.00 price objective (up from $75.00) on shares of Cognex in a research report on Monday, August 10th. Stephens increased their price objective on 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 cut shares of Cognex from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Cantor Fitzgerald boosted their price target on Cognex from $76.00 to $84.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Finally, HSBC cut 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. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.