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

Kingswood Wealth Advisors LLC acquired a new stake in Cognex Corporation (NASDAQ:CGNX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 13,028 shares of the scientific and technical instruments company’s stock, valued at approximately $790,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Cognex during the second quarter worth $26,000. Mather Group LLC. lifted its stake in shares of Cognex by 81.3% in the 3rd quarter. Mather Group LLC. now owns 446 shares of the scientific and technical instruments company’s stock valued at $27,000 after acquiring an additional 200 shares during the last quarter. Rakuten Securities Inc. bought a new position in shares of Cognex in the 2nd quarter valued at $32,000. Transamerica Financial Advisors LLC bought a new position in shares of Cognex in the 2nd quarter valued at $32,000. Finally, Elevation Wealth Partners LLC lifted its stake in shares of Cognex by 635.4% in the 2nd quarter. Elevation Wealth Partners LLC now owns 478 shares of the scientific and technical instruments company’s stock valued at $35,000 after acquiring an additional 413 shares during the last quarter. Institutional investors and hedge funds own 88.12% of the company’s stock.

Cognex Stock Performance

NASDAQ:CGNX opened at $58.43 on Thursday. The firm’s fifty day moving average is $59.98 and its 200-day moving average is $57.54. Cognex Corporation has a 52 week low of $34.60 and a 52 week high of $72.88. The firm has a market cap of $9.83 billion, a P/E ratio of 56.73 and a beta of 1.48.

Cognex (NASDAQ:CGNX) last announced its earnings results on Wednesday, August 5th. The scientific and technical instruments company reported $0.45 earnings per share for the quarter, topping 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 net margin of 16.05% and a return on equity of 13.50%. Cognex’s quarterly revenue was up 16.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.25 earnings per share. 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 anticipate that Cognex Corporation will post 1.68 earnings per share for the current year.

Cognex Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CGNX shares. DA Davidson restated a “neutral” rating and set a $65.00 price objective on shares of Cognex in a research report on Wednesday, September 23rd. Citigroup reaffirmed a “neutral” rating and issued a $74.00 target price (up from $72.00) on shares of Cognex in a report on Friday, August 7th. Wall Street Zen downgraded Cognex from a “buy” rating to a “hold” rating in a research report on Sunday, September 13th. Truist Financial set a $74.00 price target on Cognex and gave the company a “hold” rating in a research note on Monday, October 5th. Finally, Barclays boosted their price target on Cognex from $80.00 to $85.00 and gave the stock an “overweight” rating in a report on Monday, October 12th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Cognex currently has an average rating of “Moderate Buy” and an average target price of $75.57.

About Cognex

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.