California State Teachers Retirement System Boosts Stake in Cognex Corporation $CGNX

Key Points

• California State Teachers Retirement System increased its Cognex stake by 7,134% in the second quarter, acquiring 13.84 million additional shares and bringing its ownership to approximately 8.34%, valued at $1.02 billion.
• Cognex reported quarterly EPS of $0.45, exceeding estimates of $0.42, while revenue rose 16.9% year over year to $291.26 million. The company issued annualized dividends of $0.34 per share, yielding approximately 0.5%.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $75.64; Cognex shares opened at $64.22, with a market capitalization of approximately $10.8 billion.

California State Teachers Retirement System lifted its stake in shares of Cognex Corporation (NASDAQ:CGNX - Free Report) by 7,134.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 14,032,461 shares of the scientific and technical instruments company's stock after acquiring an additional 13,838,483 shares during the period. California State Teachers Retirement System owned approximately 8.34% of Cognex worth $1,016,231,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Cognex in the 2nd quarter worth about $26,000. Geneos Wealth Management Inc. raised its holdings in shares of Cognex by 402.2% during the 1st 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 in the last quarter. Rakuten Securities Inc. purchased a new position in shares of Cognex during the 2nd quarter valued at about $32,000. Transamerica Financial Advisors LLC bought a new stake in Cognex in the 2nd quarter worth approximately $32,000. Finally, Elevation Wealth Partners LLC lifted its position in 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 worth $35,000 after buying an additional 413 shares during the last quarter. Institutional investors own 88.12% of the company's stock.

Cognex Trading Up 4.1%

Cognex stock opened at $64.22 on Friday. The firm has a 50-day moving average of $63.23 and a 200-day moving average of $60.04. The firm has a market cap of $10.80 billion, a P/E ratio of 62.35 and a beta of 1.49. Cognex Corporation has a 1-year low of $34.60 and a 1-year high of $72.88.

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

Cognex Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 20th were issued a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Thursday, August 20th. Cognex's dividend payout ratio is currently 33.01%.

Analyst Ratings Changes

A number of research analysts have commented on CGNX shares. Wall Street Zen cut shares of Cognex from a "buy" rating to a "hold" rating in a research report on Sunday. Seaport Research Partners set a $75.00 price objective on shares of Cognex in a research note on Tuesday, May 26th. Weiss Ratings raised shares of Cognex from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, August 11th. Barclays reiterated an "overweight" rating and issued a $80.00 target price (up from $75.00) on shares of Cognex in a research report on Monday, August 10th. Finally, DA Davidson set a $65.00 price target on shares of Cognex and gave the stock a "neutral" rating in a research note on Monday, August 10th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $75.64.

About Cognex

Cognex Corporation NASDAQ: CGNX develops machine vision technologies that help businesses automate inspection, identification, measurement and guidance tasks. Its systems enable manufacturing and logistics operations to analyze images and make decisions about products, components and packages.

The company's product portfolio includes industrial cameras, vision sensors, barcode readers, three-dimensional vision systems and machine vision software. Cognex also offers artificial intelligence and deep-learning tools designed to address complex inspection and classification applications, along with engineering, implementation and support services.

Founded in 1981 by Robert J.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.