Jupiter Topco LLC Acquires New Shares in Cognex Corporation $CGNX

Key Points

• Jupiter Topco LLC acquired 2.23 million Cognex shares during the second quarter, valued at approximately $161.4 million and representing a 1.32% stake. Institutional investors collectively own 88.12% of the company.
• Cognex reported quarterly EPS of $0.45, exceeding estimates by $0.03, while revenue rose 16.9% year over year to $291.26 million. The company issued fiscal 2026 EPS guidance of $1.64–$1.68.
• Shares opened at $61.72, below the analyst consensus price target of $75.64; analysts maintain a “Moderate Buy” consensus. Cognex also declared a quarterly dividend of $0.085 per share, equivalent to a 0.6% annualized yield.

Jupiter Topco LLC bought a new position in shares of Cognex Corporation (NASDAQ:CGNX - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,228,089 shares of the scientific and technical instruments company's stock, valued at approximately $161,425,000. Jupiter Topco LLC owned about 1.32% of Cognex as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CGNX. BlackRock Inc. acquired a new position in shares of Cognex in the 2nd quarter valued at $1,158,123,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Cognex by 173,138.2% during the 4th 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 purchasing an additional 10,471,400 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Cognex by 31.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,314,896 shares of the scientific and technical instruments company's stock valued at $191,231,000 after buying an additional 1,258,629 shares during the period. Disciplined Growth Investors Inc. MN raised its holdings in Cognex by 0.9% in the 2nd 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 period. Finally, Geode Capital Management LLC lifted its position in Cognex by 27.1% in 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. Hedge funds and other institutional investors own 88.12% of the company's stock.

Cognex Stock Performance

NASDAQ CGNX opened at $61.72 on Thursday. The firm has a 50 day simple moving average of $64.60 and a 200-day simple moving average of $59.30. 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 $10.38 billion, a price-to-earnings ratio of 59.92 and a beta of 1.49.

Cognex (NASDAQ:CGNX - Get Free Report) last announced its earnings results on Wednesday, August 5th. The scientific and technical instruments company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.03. Cognex had a net margin of 16.05% and a return on equity of 13.50%. The firm had revenue of $291.26 million for the quarter, compared to the consensus estimate of $292.10 million. During the same period in the prior year, the firm earned $0.25 EPS. The firm's revenue for the quarter 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. Equities analysts predict that Cognex Corporation will post 1.68 EPS for the current fiscal 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 0.6%. Cognex's dividend payout ratio (DPR) is 33.01%.

Analysts Set New Price Targets

A number of brokerages have weighed in on CGNX. DA Davidson set a $65.00 price target on shares of Cognex and gave the company a "neutral" rating in a research report on Monday, August 10th. UBS Group set a $75.00 price objective on shares of Cognex in a report on Tuesday, May 26th. Wall Street Zen cut shares of Cognex from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Seaport Research Partners set a $75.00 target price on shares of Cognex in a report on Tuesday, May 26th. Finally, Robert W. Baird set a $72.00 target price on Cognex in a research report on Friday, May 8th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued 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 $75.64.

Cognex Company 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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