Bamco Inc. NY Takes Position in Cognex Corporation $CGNX

Key Points

• Bamco Inc. NY acquired 1.25 million Cognex shares during the second quarter, valued at approximately $90.6 million, giving it a 0.74% stake. Institutional investors collectively own 88.12% of the company.
• Cognex reported quarterly earnings of $0.45 per share, beating estimates by $0.03, while revenue rose 16.9% year over year to $291.26 million. The company guided for fiscal 2026 EPS of $1.64–$1.68.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $75.64, above the stock’s reported $61.72 price. Cognex also declared a quarterly dividend of $0.085 per share, representing a 0.6% annualized yield.

Bamco Inc. NY acquired a new position in Cognex Corporation (NASDAQ:CGNX - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,251,099 shares of the scientific and technical instruments company's stock, valued at approximately $90,605,000. Bamco Inc. NY owned approximately 0.74% of Cognex as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of CGNX. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Cognex in the 2nd quarter worth $26,000. Geneos Wealth Management Inc. increased its stake in shares of Cognex by 402.2% during 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 during the period. Rakuten Securities Inc. bought a new stake in shares of Cognex in the second quarter valued at about $32,000. Elevation Wealth Partners LLC raised its holdings in shares of Cognex by 635.4% in the 2nd quarter. Elevation Wealth Partners LLC now owns 478 shares of the scientific and technical instruments company's stock valued at $35,000 after purchasing an additional 413 shares in the last quarter. Finally, CIBC Private Wealth Group LLC raised its stake in Cognex by 74.8% in the third quarter. CIBC Private Wealth Group LLC now owns 764 shares of the scientific and technical instruments company's stock worth $35,000 after buying an additional 327 shares in the last quarter. 88.12% of the stock is owned by institutional investors.

Cognex Trading Up 3.2%

Shares of NASDAQ:CGNX opened at $61.72 on Thursday. Cognex Corporation has a 12-month low of $34.60 and a 12-month high of $72.88. The company has a market capitalization of $10.38 billion, a PE ratio of 59.92 and a beta of 1.49. The business has a 50 day moving average of $64.60 and a two-hundred day moving average of $59.30.

Cognex (NASDAQ:CGNX - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The scientific and technical instruments company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.42 by $0.03. The business had revenue of $291.26 million for the quarter, compared to analyst estimates of $292.10 million. Cognex had a return on equity of 13.50% and a net margin of 16.05%.The business's quarterly revenue was up 16.9% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. Equities research analysts predict that Cognex Corporation will post 1.68 earnings per share for the current fiscal year.

Cognex Dividend Announcement

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

Wall Street Analysts Forecast Growth

CGNX has been the subject of several analyst reports. Robert W. Baird set a $72.00 price target on shares of Cognex in a research report on Friday, May 8th. Cantor Fitzgerald lifted their price target on Cognex from $76.00 to $84.00 and gave the stock an "overweight" rating in a research report on Friday, August 7th. Needham & Company LLC lifted their price objective on shares of Cognex from $75.00 to $80.00 and gave the company a "buy" rating in a research note on Friday, August 7th. UBS Group set a $75.00 price objective on shares of Cognex in a report on Tuesday, May 26th. Finally, Citigroup reiterated a "neutral" rating and issued a $74.00 price objective (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 given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $75.64.

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.

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