Commerce Bank Purchases Shares of 13,229 Cognex Corporation $CGNX

Commerce Bank acquired a new position in Cognex Corporation (NASDAQ:CGNX) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 13,229 shares of the scientific and technical instruments company’s stock, valued at approximately $958,000.

Several other institutional investors also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Cognex during the second quarter valued at approximately $26,000. Rakuten Securities Inc. bought a new position in Cognex in the second quarter worth $32,000. Elevation Wealth Partners LLC boosted its stake in Cognex by 635.4% during the second quarter. Elevation Wealth Partners LLC now owns 478 shares of the scientific and technical instruments company’s stock worth $35,000 after buying an additional 413 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in Cognex during the second quarter worth $45,000. Finally, Cassaday & Co Wealth Management LLC bought a new stake in Cognex in the 1st quarter valued at $36,000. Institutional investors and hedge funds own 88.12% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CGNX shares. Robert W. Baird set a $72.00 price objective on shares of Cognex in a research note on Friday, May 8th. HSBC lowered shares of Cognex from a “buy” rating to a “hold” rating and set a $65.00 target price on the stock. in a research report on Monday, August 10th. JPMorgan Chase & Co. raised shares of Cognex from a “neutral” rating to an “overweight” rating and upped their target price for the company from $65.00 to $75.00 in a research note on Tuesday, May 26th. Barclays reissued an “overweight” rating and issued a $80.00 price target (up from $75.00) on shares of Cognex in a research report on Monday, August 10th. Finally, Truist Financial lifted their price objective on Cognex from $71.00 to $78.00 and gave the company a “hold” rating in a report on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $75.64.

Cognex Stock Up 3.2%

Shares of Cognex stock opened at $61.72 on Thursday. The stock has a market capitalization of $10.38 billion, a P/E ratio of 59.92 and a beta of 1.49. The company has a 50-day simple moving average of $64.60 and a 200 day simple moving average of $59.30. Cognex Corporation has a 12-month low of $34.60 and a 12-month high of $72.88.

Cognex (NASDAQ:CGNX) last announced its quarterly earnings results on Wednesday, August 5th. The scientific and technical instruments company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.03. The firm 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%. The firm’s quarterly 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, equities analysts anticipate that Cognex Corporation will post 1.68 earnings per share for the current year.

Cognex Dividend Announcement

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

About Cognex

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.