Kopion Asset Management LLC Sells 21,809 Shares of Cognex Corporation $CGNX

Kopion Asset Management LLC reduced its position in Cognex Corporation (NASDAQ:CGNX) by 23.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 69,510 shares of the scientific and technical instruments company’s stock after selling 21,809 shares during the quarter. Cognex comprises about 2.8% of Kopion Asset Management LLC’s portfolio, making the stock its 14th biggest holding. Kopion Asset Management LLC’s holdings in Cognex were worth $4,216,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in Cognex during the second quarter worth approximately $1,158,123,000. Jupiter Topco LLC purchased a new position in shares of Cognex during the 2nd quarter valued at approximately $161,425,000. Janus Henderson Group PLC grew its stake in Cognex by 81.0% in the 1st 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 purchased a new stake in Cognex in the 2nd quarter worth $129,348,000. Finally, Arrowstreet Capital Limited Partnership raised its position in 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 period. Institutional investors and hedge funds own 88.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. DA Davidson reissued a “neutral” rating and set a $65.00 target price on shares of Cognex in a research note on Wednesday, September 23rd. Zacks Research cut Cognex from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Robert W. Baird decreased their target price on Cognex from $78.00 to $70.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 23rd. Weiss Ratings upgraded Cognex from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Finally, Wall Street Zen lowered Cognex from a “buy” rating to a “hold” rating in a report on Sunday, September 13th. One investment 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 company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $75.21.

Cognex Trading Up 3.4%

NASDAQ CGNX traded up $2.06 on Friday, reaching $62.97. 515,968 shares of the company were exchanged, compared to its average volume of 2,130,045. The business’s fifty day moving average price is $62.23 and its 200 day moving average price is $61.28. The stock 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 fifty-two week low of $34.60 and a fifty-two week high of $72.88.

Cognex (NASDAQ:CGNX) last posted its quarterly earnings results on Wednesday, August 5th. The scientific and technical instruments company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.42 by $0.03. Cognex had a return on equity of 13.50% and a net margin of 16.05%.The business had revenue of $291.26 million for the quarter, compared to analyst estimates of $292.10 million. During the same quarter in the previous year, the firm earned $0.25 EPS. The company’s quarterly 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. Equities research analysts forecast that Cognex Corporation will post 1.68 earnings per share for the current year.

Cognex Announces Dividend

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

Cognex Company Profile

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.