Cognex Corporation $CGNX Stock Sold by Kopion Asset Management LLC

Key Points

• Kopion Asset Management reduced its Cognex stake by 23.9% in the third quarter, selling 21,809 shares and retaining 69,510 shares worth approximately $4.2 million. Institutional investors collectively own 88.12% of Cognex.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and an average price target of $75.21. Ratings include one Strong Buy, ten Buys, and seven Holds.
• Cognex shares recently traded at $62.97, while the company reported quarterly EPS of $0.45, beating estimates, and revenue growth of 16.9% year over year. The company also maintains a quarterly dividend of $0.085 per share, yielding about 0.5%.

Kopion Asset Management LLC decreased its position in shares of Cognex Corporation (NASDAQ:CGNX - Free Report) by 23.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 69,510 shares of the scientific and technical instruments company's stock after selling 21,809 shares during the quarter. Cognex makes up 2.8% of Kopion Asset Management LLC's holdings, making the stock its 14th largest holding. Kopion Asset Management LLC's holdings in Cognex were worth $4,216,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CGNX. IFP Advisors Inc grew its holdings in Cognex by 21.6% during the 2nd quarter. IFP Advisors Inc now owns 956 shares of the scientific and technical instruments company's stock worth $69,000 after acquiring an additional 170 shares in the last quarter. State of Michigan Retirement System lifted its position in shares of Cognex by 0.5% in the 1st quarter. State of Michigan Retirement System now owns 39,853 shares of the scientific and technical instruments company's stock worth $1,952,000 after purchasing an additional 200 shares during the period. Eastern Bank boosted its stake in shares of Cognex by 20.0% during the third quarter. Eastern Bank now owns 1,242 shares of the scientific and technical instruments company's stock valued at $75,000 after purchasing an additional 207 shares in the last quarter. Personal CFO Solutions LLC boosted its stake in shares of Cognex by 3.2% during the first quarter. Personal CFO Solutions LLC now owns 6,793 shares of the scientific and technical instruments company's stock valued at $333,000 after purchasing an additional 212 shares in the last quarter. Finally, World Investment Advisors increased its holdings in Cognex by 3.7% during the first quarter. World Investment Advisors now owns 6,073 shares of the scientific and technical instruments company's stock valued at $298,000 after buying an additional 214 shares during the period. Hedge funds and other institutional investors own 88.12% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on CGNX shares. Weiss Ratings raised Cognex from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, August 11th. Robert W. Baird decreased their price objective on Cognex from $78.00 to $70.00 and set a "neutral" rating for the company in a research note on Wednesday, September 23rd. The Goldman Sachs Group reaffirmed a "buy" rating and set a $91.00 price objective on shares of Cognex in a research report on Friday, August 7th. Citigroup reiterated 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. Finally, Zacks Research downgraded shares of Cognex from a "strong-buy" rating to a "hold" rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $75.21.

Cognex Trading Up 3.4%

Shares of NASDAQ:CGNX traded up $2.06 on Friday, hitting $62.97. 515,968 shares of the company were exchanged, compared to its average volume of 2,130,045. The firm has a market capitalization of $10.59 billion, a P/E ratio of 61.12 and a beta of 1.48. Cognex Corporation has a 1-year low of $34.60 and a 1-year high of $72.88. The stock's 50 day moving average price is $62.23 and its 200 day moving average price is $61.28.

Cognex (NASDAQ:CGNX - Get Free Report) last issued its earnings results on Wednesday, August 5th. The scientific and technical instruments company reported $0.45 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.03. The firm 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%.Cognex's revenue for the quarter was up 16.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.25 earnings per share. 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, equities analysts predict that Cognex Corporation will post 1.68 EPS for the current fiscal year.

Cognex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th were given a dividend of $0.0850 per share. This represents a $0.34 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Thursday, August 20th. Cognex's dividend payout ratio (DPR) is currently 33.01%.

About Cognex

Cognex Corporation NASDAQ: CGNX develops machine vision products and technologies that help businesses automate manufacturing, logistics and other industrial processes. Its systems enable machines to inspect, identify, measure and guide products, components and materials with limited human intervention.

The company's product portfolio includes industrial vision cameras, vision sensors, image-based barcode readers, three-dimensional vision systems and software for image processing and analysis.

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