American Capital Management Inc. Invests $18.18 Million in Cognex Corporation $CGNX

Key Points

• American Capital Management acquired 251,103 Cognex shares worth approximately $18.18 million, while several other institutions also initiated positions. Institutional investors collectively own 88.12% of the company.
• Analysts maintain a generally positive outlook, with Cognex receiving a “Moderate Buy” consensus rating and an average price target of $75.64; Cantor Fitzgerald recently raised its target to $84.
• Cognex exceeded quarterly earnings expectations with $0.45 EPS and reported 16.9% year-over-year revenue growth. The company also declared a quarterly dividend of $0.085 per share, equal to a 0.6% annual yield.

American Capital Management Inc. purchased a new position in Cognex Corporation (NASDAQ:CGNX - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 251,103 shares of the scientific and technical instruments company's stock, valued at approximately $18,185,000. American Capital Management Inc. owned approximately 0.15% of Cognex as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CGNX. Freestone Grove Partners LP acquired a new position in shares of Cognex in the 2nd quarter worth approximately $28,215,000. Caisse de depot et placement du Quebec acquired a new stake in shares of Cognex during the 2nd quarter valued at approximately $2,426,000. Man Group plc acquired a new stake in shares of Cognex during the 2nd quarter valued at approximately $3,579,000. Jupiter Topco LLC bought a new position in Cognex during the second quarter worth $161,425,000. Finally, J. Goldman & Co LP bought a new position in Cognex during the second quarter worth $16,550,000. 88.12% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Cantor Fitzgerald raised their price target on shares of Cognex from $76.00 to $84.00 and gave the stock an "overweight" rating in a research report on Friday, August 7th. Seaport Research Partners set a $75.00 price objective on shares of Cognex in a research report on Tuesday, May 26th. Robert W. Baird set a $72.00 price objective on shares of Cognex in a research note on Friday, May 8th. Wall Street Zen cut shares of Cognex from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Finally, Citigroup restated a "neutral" rating and issued a $74.00 target price (up from $72.00) on shares of Cognex in a research note on Friday, August 7th. Two 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 company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $75.64.

Cognex Trading Up 3.2%

NASDAQ CGNX opened at $61.72 on Thursday. The company has a 50-day moving average price of $64.60 and a two-hundred day moving average price of $59.30. Cognex Corporation has a 52 week low of $34.60 and a 52 week high of $72.88. The stock has a market cap of $10.38 billion, a price-to-earnings ratio of 59.92 and a beta of 1.49.

Cognex (NASDAQ:CGNX - Get Free Report) last released its quarterly 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 return on equity of 13.50% and a net margin of 16.05%.The company had revenue of $291.26 million for the quarter, compared to analysts' expectations of $292.10 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. The business'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. As a group, equities research analysts expect that Cognex Corporation will post 1.68 earnings per share for the current fiscal year.

Cognex Announces Dividend

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

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.

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