Cognex Corporation $CGNX Shares Purchased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC increased its stake in shares of Cognex Corporation (NASDAQ:CGNX) by 2.0% in the 4th quarter, Holdings Channel reports. The firm owned 419,164 shares of the scientific and technical instruments company’s stock after purchasing an additional 8,272 shares during the period. Los Angeles Capital Management LLC’s holdings in Cognex were worth $15,082,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Cognex by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 18,598,728 shares of the scientific and technical instruments company’s stock worth $842,522,000 after purchasing an additional 374,999 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised 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. Nordea Investment Management AB raised its position in shares of Cognex by 0.9% during the 4th quarter. Nordea Investment Management AB now owns 8,101,583 shares of the scientific and technical instruments company’s stock worth $292,224,000 after purchasing an additional 76,212 shares during the last quarter. Pictet Asset Management Holding SA raised its position in shares of Cognex by 27.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 7,013,184 shares of the scientific and technical instruments company’s stock worth $252,360,000 after purchasing an additional 1,529,010 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN raised its position in shares of Cognex by 0.9% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 4,768,716 shares of the scientific and technical instruments company’s stock worth $151,264,000 after purchasing an additional 40,927 shares during the last quarter. Institutional investors and hedge funds own 88.12% of the company’s stock.

Insider Activity

In other news, VP Darren Marc Long sold 20,252 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $66.34, for a total value of $1,343,517.68. Following the completion of the sale, the vice president owned 3,990 shares of the company’s stock, valued at $264,696.60. This represents a 83.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Mark Fennell sold 64,873 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $67.05, for a total transaction of $4,349,734.65. Following the completion of the sale, the insider directly owned 11,263 shares of the company’s stock, valued at approximately $755,184.15. This trade represents a 85.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 224,847 shares of company stock valued at $14,975,098 in the last 90 days. Company insiders own 1.70% of the company’s stock.

Cognex Stock Performance

CGNX stock opened at $60.82 on Monday. The company has a market cap of $10.12 billion, a price-to-earnings ratio of 72.40 and a beta of 1.52. Cognex Corporation has a 12 month low of $29.22 and a 12 month high of $71.90. The firm has a 50-day moving average of $58.35 and a two-hundred day moving average of $48.54.

Cognex (NASDAQ:CGNX) last released its quarterly earnings data on Wednesday, May 6th. The scientific and technical instruments company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.09. Cognex had a net margin of 13.62% and a return on equity of 10.89%. The company had revenue of $268.44 million during the quarter, compared to the consensus estimate of $245.98 million. During the same quarter in the prior year, the firm earned $0.14 EPS. Cognex’s quarterly revenue was up 24.3% on a year-over-year basis. Cognex has set its Q2 2026 guidance at 0.400-0.440 EPS. As a group, equities analysts forecast that Cognex Corporation will post 1.41 earnings per share for the current year.

Cognex Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were paid a $0.085 dividend. 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 dividend payout ratio is 40.48%.

Wall Street Analyst Weigh In

A number of analysts have commented on CGNX shares. Needham & Company LLC increased their price objective on shares of Cognex from $67.00 to $75.00 and gave the company a “buy” rating in a report on Friday, May 8th. Citigroup reiterated a “neutral” rating and issued a $68.00 price objective (up from $60.00) on shares of Cognex in a report on Friday, May 8th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $63.00 price objective on shares of Cognex in a report on Friday, February 13th. Raymond James Financial reiterated a “strong-buy” rating on shares of Cognex in a report on Thursday, February 12th. Finally, DA Davidson set a $62.00 price objective on shares of Cognex and gave the company a “neutral” rating in a report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.43.

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.