Electron Capital Partners LLC Has $43.53 Million Stock Holdings in Cognex Corporation $CGNX

Electron Capital Partners LLC boosted its holdings in shares of Cognex Corporation (NASDAQ:CGNX) by 4.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 888,614 shares of the scientific and technical instruments company’s stock after acquiring an additional 35,630 shares during the quarter. Cognex makes up approximately 1.7% of Electron Capital Partners LLC’s portfolio, making the stock its 20th largest holding. Electron Capital Partners LLC’s holdings in Cognex were worth $43,533,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CGNX. Intech Investment Management LLC grew its position in shares of Cognex by 124.5% in the fourth quarter. Intech Investment Management LLC now owns 98,451 shares of the scientific and technical instruments company’s stock valued at $3,542,000 after purchasing an additional 54,600 shares during the last quarter. One Capital Management LLC acquired a new stake in Cognex during the fourth quarter worth $1,945,000. Handelsbanken Fonder AB boosted its position in shares of Cognex by 76.3% during the 4th quarter. Handelsbanken Fonder AB now owns 758,831 shares of the scientific and technical instruments company’s stock valued at $27,303,000 after acquiring an additional 328,427 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Cognex in the 4th quarter valued at approximately $753,000. Finally, Legal & General Group Plc grew its position in Cognex by 11.1% in the fourth quarter. Legal & General Group Plc now owns 1,152,053 shares of the scientific and technical instruments company’s stock valued at $41,451,000 after acquiring an additional 114,652 shares during the period. 88.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CGNX has been the subject of a number of research analyst reports. Citigroup reiterated a “neutral” rating and issued a $72.00 target price (up from $68.00) on shares of Cognex in a research note on Monday, July 13th. Zacks Research raised shares of Cognex from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 16th. JPMorgan Chase & Co. raised Cognex from a “neutral” rating to an “overweight” rating and upped their price target for the company from $65.00 to $75.00 in a research note on Tuesday, May 26th. Sanford C. Bernstein reiterated an “outperform” rating and set a $75.00 target price on shares of Cognex in a report on Thursday, May 7th. Finally, Robert W. Baird set a $72.00 price target on shares of Cognex in a report on Friday, May 8th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Cognex presently has a consensus rating of “Moderate Buy” and an average price target of $72.31.

Cognex Trading Down 1.2%

NASDAQ CGNX opened at $61.29 on Tuesday. The company has a market cap of $10.20 billion, a PE ratio of 72.96 and a beta of 1.49. The stock has a 50 day moving average of $64.96 and a 200-day moving average of $55.62. Cognex Corporation has a 12 month low of $33.45 and a 12 month high of $72.88.

Cognex (NASDAQ:CGNX) last issued its earnings results on Wednesday, May 6th. The scientific and technical instruments company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.09. The company had revenue of $268.44 million for the quarter, compared to analysts’ expectations of $245.98 million. Cognex had a net margin of 13.62% and a return on equity of 10.89%. Cognex’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.14 EPS. Cognex has set its Q2 2026 guidance at 0.400-0.440 EPS. As a group, sell-side analysts predict that Cognex Corporation will post 1.48 EPS for the current fiscal year.

Cognex Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were issued a dividend of $0.085 per share. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.34 annualized dividend and a dividend yield of 0.6%. Cognex’s payout ratio is presently 40.48%.

Insider Activity

In other news, VP Laura Ann Macdonald sold 98,122 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $66.80, for a total transaction of $6,554,549.60. Following the transaction, the vice president owned 5,258 shares in the company, valued at approximately $351,234.40. This trade represents a 94.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Darren Marc Long sold 20,252 shares of Cognex stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $66.34, for a total value of $1,343,517.68. Following the sale, the vice president directly owned 3,990 shares of the company’s stock, valued at $264,696.60. This represents a 83.54% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 224,847 shares of company stock valued at $14,975,098. 1.70% of the stock is owned by insiders.

About Cognex

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.