13,028 Shares in Cognex Corporation $CGNX Bought by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC purchased a new stake in Cognex Corporation (NASDAQ:CGNX) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 13,028 shares of the scientific and technical instruments company’s stock, valued at approximately $790,000.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Cognex during the 2nd quarter worth approximately $1,158,123,000. Jupiter Topco LLC bought a new stake in shares of Cognex in the 2nd quarter valued at $161,425,000. Bank of New York Mellon Corp bought a new stake in shares of Cognex in the 2nd quarter valued at $129,348,000. Front Street Capital Management Inc. bought a new stake in shares of Cognex in the 2nd quarter valued at $90,581,000. Finally, Bamco Inc. NY acquired a new position in shares of Cognex during the 2nd quarter valued at $90,605,000. 88.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Cantor Fitzgerald increased their target price on shares of Cognex from $76.00 to $84.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Barclays raised their price target on shares of Cognex from $80.00 to $85.00 and gave the stock an “overweight” rating in a report on Monday, October 12th. Citigroup reaffirmed a “neutral” rating and issued a $74.00 price target (up from $72.00) on shares of Cognex in a research note on Friday, August 7th. Needham & Company LLC reiterated a “buy” rating and set a $80.00 price objective on shares of Cognex in a report on Tuesday, September 15th. Finally, Robert W. Baird dropped their price objective on shares of Cognex from $78.00 to $70.00 and set a “neutral” rating on the stock in a report on Wednesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $75.57.

Cognex Price Performance

CGNX opened at $58.43 on Thursday. Cognex Corporation has a fifty-two week low of $34.60 and a fifty-two week high of $72.88. The firm has a market capitalization of $9.83 billion, a PE ratio of 56.73 and a beta of 1.48. The company’s 50-day moving average is $59.98 and its 200 day moving average is $57.54.

Cognex (NASDAQ:CGNX) last released its quarterly earnings results on Wednesday, August 5th. The scientific and technical instruments company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.03. The business had revenue of $291.26 million during the quarter, compared to the consensus estimate of $292.10 million. Cognex had a return on equity of 13.50% and a net margin of 16.05%. The company’s quarterly revenue was up 16.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.25 EPS. 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, analysts expect that Cognex Corporation will post 1.68 EPS for the current year.

Cognex Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th were issued a $0.0850 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Thursday, August 20th. Cognex’s dividend payout ratio (DPR) is currently 33.01%.

Cognex Company Profile

Cognex Corporation develops machine vision and industrial identification technologies that help manufacturers and businesses automate inspection, measurement, guidance, and tracking processes. Its systems use cameras, sensors, software, and artificial intelligence to analyze images and identify products, defects, components, and other objects.

The company’s product portfolio includes vision systems, industrial cameras, vision sensors, barcode readers, optical character recognition tools, three-dimensional vision systems, and machine vision software.