OneDigital Investment Advisors LLC Purchases Shares of 14,212 Cognex Corporation $CGNX

OneDigital Investment Advisors LLC purchased a new position in shares of Cognex Corporation (NASDAQ:CGNX) in the second quarter, Holdings Channel.com reports. The firm purchased 14,212 shares of the scientific and technical instruments company’s stock, valued at approximately $1,029,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Plato Investment Management Ltd purchased a new position in shares of Cognex in the 2nd quarter valued at about $89,000. Global Retirement Partners LLC purchased a new stake in Cognex during the second quarter worth approximately $490,000. Bank of New York Mellon Corp purchased a new stake in Cognex during the second quarter worth approximately $129,348,000. State of Wyoming acquired a new position in Cognex in the second quarter valued at approximately $261,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in Cognex in the second quarter valued at approximately $29,034,000. 88.12% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP Darren Marc Long sold 20,252 shares of the 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 sale, the vice president owned 3,990 shares in the company, valued at $264,696.60. This represents a 83.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.70% of the stock is currently owned by corporate insiders.

Cognex Stock Up 1.5%

CGNX opened at $66.60 on Tuesday. The firm has a market cap of $11.20 billion, a price-to-earnings ratio of 64.66 and a beta of 1.49. Cognex Corporation has a 52 week low of $34.60 and a 52 week high of $72.88. The business’s 50 day moving average is $64.95 and its two-hundred day moving average is $58.27.

Cognex (NASDAQ:CGNX) last issued its quarterly earnings data on Wednesday, August 5th. The scientific and technical instruments company reported $0.45 earnings per share for the quarter, beating 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%.The firm’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same quarter in the previous year, the business 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. Equities analysts expect that Cognex Corporation will post 1.68 EPS for the current fiscal year.

Cognex Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be given a $0.085 dividend. The ex-dividend date is Thursday, August 20th. This represents a $0.34 annualized dividend and a yield of 0.5%. Cognex’s dividend payout ratio is 33.01%.

Analysts Set New Price Targets

A number of research firms have weighed in on CGNX. Zacks Research raised shares of Cognex from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 16th. Robert W. Baird set a $72.00 target price on shares of Cognex in a report on Friday, May 8th. Truist Financial increased their target price on shares of Cognex from $71.00 to $78.00 and gave the company a “hold” rating in a research report on Friday, August 7th. Seaport Research Partners set a $75.00 price target on shares of Cognex in a research note on Tuesday, May 26th. Finally, Weiss Ratings upgraded shares of Cognex from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $75.64.

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.