Congress Asset Management Co. Acquires 389,510 Shares of Cognex Corporation $CGNX

Key Points

• Congress Asset Management acquired 389,510 Cognex shares worth approximately $23.6 million, giving it a 0.23% stake. Institutional investors and hedge funds collectively own 88.12% of the company.
• Cognex reported quarterly EPS of $0.45, exceeding the $0.42 consensus estimate, while revenue rose 16.9% year over year to $291.26 million. The company issued FY 2026 EPS guidance of $1.64–$1.68.
• CGNX shares opened at $66.35, while analysts maintain a “Moderate Buy” consensus rating with an average price target of $75.21. Cognex also pays a quarterly dividend of $0.085 per share, representing a 0.5% annualized yield.

Congress Asset Management Co. bought a new position in shares of Cognex Corporation (NASDAQ:CGNX - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 389,510 shares of the scientific and technical instruments company's stock, valued at approximately $23,624,000. Congress Asset Management Co. owned 0.23% of Cognex at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CGNX. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Cognex during the second quarter valued at about $26,000. Rakuten Securities Inc. acquired a new stake in Cognex during the second quarter worth about $32,000. Transamerica Financial Advisors LLC bought a new position in Cognex during the second quarter valued at about $32,000. Elevation Wealth Partners LLC increased its stake in Cognex by 635.4% during the second quarter. Elevation Wealth Partners LLC now owns 478 shares of the scientific and technical instruments company's stock valued at $35,000 after acquiring an additional 413 shares during the period. Finally, FNY Investment Advisers LLC acquired a new position in Cognex in the 2nd quarter valued at approximately $45,000. 88.12% of the stock is currently owned by institutional investors and hedge funds.

Cognex Price Performance

Shares of CGNX stock opened at $66.35 on Wednesday. The stock's fifty day simple moving average is $62.19 and its 200 day simple moving average is $61.12. Cognex Corporation has a one year low of $34.60 and a one year high of $72.88. The firm has a market cap of $11.16 billion, a price-to-earnings ratio of 64.42 and a beta of 1.48.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.03. The firm had revenue of $291.26 million during 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 revenue for the quarter was up 16.9% compared to the same quarter last year. During the same period in the prior year, the company posted $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, research analysts anticipate that Cognex Corporation will post 1.68 earnings per share for the current year.

Cognex Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 20th were given a dividend of $0.0850 per share. The ex-dividend date was Thursday, August 20th. This represents a $0.34 dividend on an annualized basis and a dividend 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 CGNX shares. The Goldman Sachs Group reiterated a "buy" rating and issued a $91.00 price objective on shares of Cognex in a research report on Friday, August 7th. Cantor Fitzgerald boosted their price objective on Cognex from $76.00 to $84.00 and gave the company an "overweight" rating in a research report on Friday, August 7th. Zacks Research upgraded Cognex from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, June 16th. Citigroup reaffirmed a "neutral" rating and issued a $74.00 target price (up from $72.00) on shares of Cognex in a research report on Friday, August 7th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $80.00 price target on shares of Cognex in a research note on Tuesday, September 15th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $75.21.

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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