Csenge Advisory Group Makes New Investment in Cognex Corporation $CGNX

Csenge Advisory Group purchased a new position in shares of Cognex Corporation (NASDAQ:CGNX) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 14,907 shares of the scientific and technical instruments company’s stock, valued at approximately $1,080,000.

Other hedge funds have also recently modified their holdings of the company. BOK Financial Private Wealth Inc. purchased a new position in shares of Cognex in the 2nd quarter valued at approximately $646,000. Artemis Wealth Advisors LLC purchased a new stake in Cognex during the 2nd quarter worth approximately $1,926,000. Alpine Woods Capital Investors LLC purchased a new stake in Cognex during the 2nd quarter worth approximately $504,000. Meeder Asset Management Inc. acquired a new position in Cognex during the 2nd quarter valued at approximately $202,000. Finally, Focused Alpha LLC acquired a new position in Cognex during the 2nd quarter valued at approximately $434,000. Institutional investors and hedge funds own 88.12% of the company’s stock.

Cognex Price Performance

CGNX stock opened at $60.64 on Thursday. The company has a market capitalization of $10.20 billion, a P/E ratio of 58.87 and a beta of 1.49. Cognex Corporation has a 12 month low of $34.60 and a 12 month high of $72.88. The firm’s fifty day simple moving average is $65.03 and its 200-day simple moving average is $58.59.

Cognex (NASDAQ:CGNX) last issued its earnings results on Wednesday, August 5th. The scientific and technical instruments company reported $0.45 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 firm had revenue of $291.26 million for the quarter, compared to the consensus estimate of $292.10 million. During the same quarter in the prior year, the business earned $0.25 earnings per share. The company’s revenue 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. As a group, sell-side analysts forecast that Cognex Corporation will post 1.68 earnings per share for the current year.

Cognex Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be paid a $0.085 dividend. This represents a $0.34 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Thursday, August 20th. Cognex’s payout ratio is currently 33.01%.

Insider Transactions at Cognex

In related news, VP Darren Marc Long sold 20,252 shares of the stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $66.34, for a total transaction of $1,343,517.68. Following the sale, the vice president directly owned 3,990 shares of the company’s stock, valued at approximately $264,696.60. This represents a 83.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.70% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on CGNX shares. Seaport Research Partners set a $75.00 price objective on shares of Cognex in a research note on Tuesday, May 26th. HSBC downgraded Cognex from a “buy” rating to a “hold” rating and set a $65.00 target price on the stock. in a research report on Monday, August 10th. Sanford C. Bernstein restated an “outperform” rating and issued a $75.00 target price on shares of Cognex in a research note on Thursday, May 7th. DA Davidson set a $65.00 price target on Cognex and gave the stock a “neutral” rating in a research report on Monday, August 10th. Finally, Zacks Research upgraded Cognex from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 16th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Cognex has a consensus rating of “Moderate Buy” and an average price target of $75.64.

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.