Cognex Corporation $CGNX Shares Acquired by Bank of America Corp DE

Key Points

• Bank of America increased its Cognex stake by 51.9% in the first quarter, owning 731,149 shares valued at approximately $35.8 million. Institutional investors collectively hold 88.12% of Cognex stock.
• 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 maintained fiscal 2026 EPS guidance of $1.64–$1.68.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $75.64, compared with a recent share price of $65.63. Cognex also announced a quarterly dividend of $0.085 per share, yielding 0.5% annually.

Bank of America Corp DE grew its holdings in shares of Cognex Corporation (NASDAQ:CGNX - Free Report) by 51.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 731,149 shares of the scientific and technical instruments company's stock after purchasing an additional 249,877 shares during the period. Bank of America Corp DE owned approximately 0.44% of Cognex worth $35,819,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. grew its stake in shares of Cognex by 173,138.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 10,477,448 shares of the scientific and technical instruments company's stock worth $376,979,000 after acquiring an additional 10,471,400 shares during the last quarter. Pictet Asset Management Holding SA raised its holdings in shares of Cognex by 27.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 7,013,184 shares of the scientific and technical instruments company's stock worth $252,360,000 after buying an additional 1,529,010 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Cognex by 31.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,314,896 shares of the scientific and technical instruments company's stock worth $191,231,000 after buying an additional 1,258,629 shares during the period. Disciplined Growth Investors Inc. MN grew its holdings in shares of Cognex by 0.9% during the second quarter. Disciplined Growth Investors Inc. MN now owns 4,768,716 shares of the scientific and technical instruments company's stock valued at $151,264,000 after buying an additional 40,927 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Cognex by 27.1% during the fourth quarter. Geode Capital Management LLC now owns 3,950,299 shares of the scientific and technical instruments company's stock valued at $142,154,000 after buying an additional 842,783 shares during the last quarter. 88.12% of the stock is currently owned by hedge funds and other institutional investors.

Cognex Price Performance

Shares of Cognex stock opened at $65.63 on Friday. The stock has a market capitalization of $11.04 billion, a price-to-earnings ratio of 63.72 and a beta of 1.49. The business has a 50-day moving average of $64.87 and a 200 day moving average of $57.95. Cognex Corporation has a 12 month low of $34.60 and a 12 month high of $72.88.

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

Cognex Dividend Announcement

The business also recently announced 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 is Thursday, August 20th. This represents a $0.34 dividend on an annualized basis and a yield of 0.5%. Cognex's dividend payout ratio (DPR) is 33.01%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Seaport Research Partners set a $75.00 price target on Cognex in a research report on Tuesday, May 26th. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $75.00 target price on shares of Cognex in a report on Thursday, May 7th. Weiss Ratings upgraded Cognex from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday. The Goldman Sachs Group reiterated a "buy" rating and issued a $91.00 price target on shares of Cognex in a report on Friday, August 7th. Finally, DA Davidson set a $65.00 price target on shares of Cognex and gave the stock a "neutral" rating in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $75.64.

Insider Transactions at Cognex

In related news, VP Darren Marc Long sold 20,252 shares of the business's stock in a transaction on 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 directly owned 3,990 shares of the company's stock, valued at $264,696.60. The trade was a 83.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.

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