Cognex Corporation $CGNX Stock Holdings Increased by Pinnacle Associates Ltd.

Key Points

• Pinnacle Associates increased its Cognex stake by 6.5% in the third quarter, bringing its holdings to 443,904 shares valued at approximately $26.9 million. Institutional investors collectively own 88.12% of Cognex.
• Analysts maintain a generally positive outlook, with Cognex receiving a consensus rating of “Moderate Buy” and an average price target of $75.57, despite some neutral and downgraded ratings.
• 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 also pays a quarterly dividend of $0.085 per share, equal to a 0.6% annualized yield.

Pinnacle Associates Ltd. increased its stake in Cognex Corporation (NASDAQ:CGNX - Free Report) by 6.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 443,904 shares of the scientific and technical instruments company's stock after purchasing an additional 27,080 shares during the period. Pinnacle Associates Ltd. owned 0.26% of Cognex worth $26,923,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Cognex in the second quarter worth $1,158,123,000. Jupiter Topco LLC bought a new stake in Cognex in the second quarter valued at $161,425,000. Janus Henderson Group PLC boosted its holdings in shares of Cognex by 81.0% during the first quarter. Janus Henderson Group PLC now owns 2,660,411 shares of the scientific and technical instruments company's stock valued at $130,320,000 after acquiring an additional 1,190,434 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Cognex during the second quarter valued at $129,348,000. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Cognex by 115.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,033,091 shares of the scientific and technical instruments company's stock worth $99,601,000 after acquiring an additional 1,090,092 shares during the last quarter. Institutional investors and hedge funds own 88.12% of the company's stock.

Wall Street Analysts Forecast Growth

CGNX has been the topic of a number of analyst reports. DA Davidson reaffirmed a "neutral" rating and issued a $65.00 price objective on shares of Cognex in a report on Wednesday, September 23rd. Weiss Ratings raised shares of Cognex from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, August 11th. Barclays boosted their target price on shares of Cognex from $80.00 to $85.00 and gave the company an "overweight" rating in a research note on Monday, October 12th. Robert W. Baird decreased their target price on shares of Cognex from $78.00 to $70.00 and set a "neutral" rating for the company in a research report on Wednesday, September 23rd. Finally, Zacks Research lowered shares of Cognex from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Cognex currently has a consensus rating of "Moderate Buy" and a consensus target price of $75.57.

Cognex Price Performance

Shares of Cognex stock opened at $56.77 on Wednesday. The business's fifty day moving average price is $60.77 and its two-hundred day moving average price is $61.76. The company has a market capitalization of $9.55 billion, a P/E ratio of 55.12 and a beta of 1.48. 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, topping 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 during the quarter, compared to analyst estimates of $292.10 million. During the same quarter in the previous year, the firm posted $0.25 EPS. The firm'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. On average, research analysts expect that Cognex Corporation will post 1.68 earnings per share for the current fiscal year.

Cognex Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 20th were issued a $0.0850 dividend. The ex-dividend date of this dividend was 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 Profile

Cognex Corporation develops machine vision and industrial identification technologies that help manufacturers and businesses automate inspection, measurement, guidance, and tracking processes. Its systems use cameras, sensors, software, and artificial intelligence to analyze images and identify products, defects, components, and other objects.

The company's product portfolio includes vision systems, industrial cameras, vision sensors, barcode readers, optical character recognition tools, three-dimensional vision systems, and machine vision software.

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