Equitable Holdings Inc. Purchases Shares of 12,681 Cognex Corporation $CGNX

Equitable Holdings Inc. acquired a new position in Cognex Corporation (NASDAQ:CGNX) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 12,681 shares of the scientific and technical instruments company’s stock, valued at approximately $918,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CGNX. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Cognex in the 2nd quarter worth approximately $26,000. Rakuten Securities Inc. purchased a new stake in shares of Cognex in the 2nd quarter valued at $32,000. Transamerica Financial Advisors LLC purchased a new stake in shares of Cognex in the 2nd quarter valued at $32,000. Elevation Wealth Partners LLC increased its stake in shares of Cognex by 635.4% in the second quarter. Elevation Wealth Partners LLC now owns 478 shares of the scientific and technical instruments company’s stock worth $35,000 after acquiring an additional 413 shares during the period. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Cognex in the second quarter worth $45,000. Institutional investors and hedge funds own 88.12% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CGNX. Stephens boosted their price objective on Cognex from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $75.00 target price on shares of Cognex in a report on Thursday, May 7th. UBS Group set a $75.00 price target on Cognex in a research report on Tuesday, May 26th. Wall Street Zen downgraded Cognex from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Seaport Research Partners set a $75.00 price objective on Cognex in a research report on Tuesday, May 26th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Cognex has an average rating of “Moderate Buy” and a consensus price target of $75.64.

Cognex Stock Down 4.0%

NASDAQ:CGNX opened at $60.46 on Friday. Cognex Corporation has a 52 week low of $34.60 and a 52 week high of $72.88. The stock has a market capitalization of $10.17 billion, a PE ratio of 58.70 and a beta of 1.49. The stock’s 50-day moving average price is $64.43 and its 200-day moving average price is $59.46.

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 for the quarter, topping analysts’ consensus estimates of $0.42 by $0.03. The company had revenue of $291.26 million during the quarter, compared to analysts’ expectations of $292.10 million. Cognex had a return on equity of 13.50% and a net margin of 16.05%.Cognex’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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. Sell-side analysts expect that Cognex Corporation will post 1.68 earnings per share for the current fiscal year.

Cognex Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be given a dividend of $0.085 per share. The ex-dividend date is Thursday, August 20th. This represents a $0.34 dividend on an annualized basis and a yield of 0.6%. Cognex’s dividend payout ratio is currently 33.01%.

Cognex Company 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.