Intech Investment Management LLC Has $3.54 Million Stock Holdings in Cognex Corporation $CGNX

Intech Investment Management LLC increased its holdings in shares of Cognex Corporation (NASDAQ:CGNX) by 124.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 98,451 shares of the scientific and technical instruments company’s stock after purchasing an additional 54,600 shares during the quarter. Intech Investment Management LLC’s holdings in Cognex were worth $3,542,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. REAP Financial Group LLC bought a new stake in Cognex during the 3rd quarter worth approximately $27,000. Geneos Wealth Management Inc. increased its stake in Cognex by 402.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 919 shares of the scientific and technical instruments company’s stock worth $27,000 after purchasing an additional 736 shares in the last quarter. CIBC Private Wealth Group LLC increased its stake in Cognex by 74.8% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 764 shares of the scientific and technical instruments company’s stock worth $35,000 after purchasing an additional 327 shares in the last quarter. Miller Global Investments LLC bought a new stake in Cognex during the 4th quarter worth approximately $39,000. Finally, Larson Financial Group LLC increased its stake in Cognex by 202.7% during the 4th quarter. Larson Financial Group LLC now owns 1,105 shares of the scientific and technical instruments company’s stock worth $40,000 after purchasing an additional 740 shares in the last quarter. 88.12% of the stock is owned by institutional investors.

Insider Buying and Selling at Cognex

In other Cognex news, insider Mark Fennell sold 64,873 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was 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 owned 11,263 shares of the company’s stock, valued at $755,184.15. This trade represents a 85.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 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. Insiders sold 224,847 shares of company stock valued at $14,975,098 in the last quarter. 1.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Truist Financial set a $61.00 price target on shares of Cognex and gave the stock a “hold” rating in a research note on Friday, May 8th. Wall Street Zen raised shares of Cognex from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. TD Cowen reaffirmed a “buy” rating on shares of Cognex in a research note on Tuesday, February 17th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Cognex in a research note on Thursday, February 12th. Finally, Barclays reaffirmed an “overweight” rating and set a $75.00 price target (up from $64.00) on shares of Cognex in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $70.43.

Cognex Trading Down 1.8%

NASDAQ:CGNX opened at $64.64 on Tuesday. Cognex Corporation has a 1-year low of $29.22 and a 1-year high of $71.90. The firm has a fifty day simple moving average of $57.26 and a 200 day simple moving average of $47.77. The stock has a market capitalization of $10.76 billion, a PE ratio of 76.95 and a beta of 1.52.

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

Cognex Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st will be issued a dividend of $0.085 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $0.34 annualized dividend and a yield of 0.5%. Cognex’s dividend payout ratio (DPR) is currently 40.48%.

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.