Tema ETFs LLC Grows Position in Cognex Corporation $CGNX

Tema ETFs LLC raised its stake in shares of Cognex Corporation (NASDAQ:CGNX) by 3.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 320,678 shares of the scientific and technical instruments company’s stock after purchasing an additional 11,988 shares during the period. Tema ETFs LLC’s holdings in Cognex were worth $23,224,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CGNX. State of Michigan Retirement System lifted its position in shares of Cognex by 0.5% during the 1st quarter. State of Michigan Retirement System now owns 39,853 shares of the scientific and technical instruments company’s stock valued at $1,952,000 after buying an additional 200 shares in the last quarter. Personal CFO Solutions LLC grew its stake in shares of Cognex by 3.2% during the 1st quarter. Personal CFO Solutions LLC now owns 6,793 shares of the scientific and technical instruments company’s stock valued at $333,000 after acquiring an additional 212 shares during the period. World Investment Advisors increased its holdings in Cognex by 3.7% in the 1st quarter. World Investment Advisors now owns 6,073 shares of the scientific and technical instruments company’s stock worth $298,000 after acquiring an additional 214 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in Cognex by 1.0% in the 4th quarter. Quadrant Capital Group LLC now owns 22,907 shares of the scientific and technical instruments company’s stock worth $824,000 after acquiring an additional 234 shares in the last quarter. Finally, Essential Partners LLC raised its stake in Cognex by 12.5% during the 1st quarter. Essential Partners LLC now owns 2,153 shares of the scientific and technical instruments company’s stock worth $105,000 after acquiring an additional 239 shares during the period. Hedge funds and other institutional investors own 88.12% of the company’s stock.

Insiders Place Their Bets

In related news, VP Darren Marc Long sold 20,252 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $66.34, for a total transaction of $1,343,517.68. Following the completion of the transaction, the vice president directly owned 3,990 shares of the company’s stock, valued at approximately $264,696.60. This trade represents a 83.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CGNX. The Goldman Sachs Group reaffirmed a “buy” rating and set a $91.00 price target on shares of Cognex in a report on Friday. Robert W. Baird set a $72.00 price objective on shares of Cognex in a research note on Friday, May 8th. DA Davidson set a $65.00 price objective on shares of Cognex and gave the company a “neutral” rating in a research report on Monday. Zacks Research upgraded shares of Cognex from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 16th. Finally, Barclays reaffirmed an “overweight” rating and issued a $80.00 target price (up from $75.00) on shares of Cognex in a report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $75.64.

Cognex Trading Down 2.3%

NASDAQ CGNX opened at $62.90 on Wednesday. Cognex Corporation has a 12 month low of $34.60 and a 12 month high of $72.88. The stock has a market cap of $10.58 billion, a PE ratio of 61.07 and a beta of 1.49. The stock’s 50 day moving average is $64.94 and its 200 day moving average is $57.61.

Cognex (NASDAQ:CGNX) last announced its quarterly earnings data 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 analyst estimates of $292.10 million. Cognex had a net margin of 16.05% and a return on equity of 13.50%. The company’s revenue was up 16.9% on a year-over-year basis. During the same period last 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. On average, analysts forecast that Cognex Corporation will post 1.67 EPS for the current fiscal year.

Cognex Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors 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 dividend yield of 0.5%. Cognex’s dividend payout ratio is currently 33.01%.

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.