Susquehanna Fundamental Investments LLC Buys Shares of 132,294 Cognex Corporation $CGNX

Susquehanna Fundamental Investments LLC bought a new stake in Cognex Corporation (NASDAQ:CGNX) during the 2nd quarter, Holdings Channel reports. The fund bought 132,294 shares of the scientific and technical instruments company’s stock, valued at approximately $9,581,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Cognex in the 2nd quarter worth $26,000. Rakuten Securities Inc. acquired a new stake in shares of Cognex during the second quarter worth $32,000. Transamerica Financial Advisors LLC bought a new stake in Cognex in the second quarter valued at about $32,000. Elevation Wealth Partners LLC lifted its stake in 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 valued at $35,000 after buying an additional 413 shares during the period. Finally, FNY Investment Advisers LLC acquired a new position in Cognex in the second quarter valued at about $45,000. 88.12% of the stock is owned by institutional investors.

Cognex Stock Performance

CGNX stock opened at $60.46 on Monday. Cognex Corporation has a 1-year low of $34.60 and a 1-year high of $72.88. The firm has a market cap of $10.17 billion, a PE ratio of 58.70 and a beta of 1.49. The business’s 50-day moving average price is $64.43 and its two-hundred day moving average price is $59.57.

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, topping the consensus estimate of $0.42 by $0.03. The company had revenue of $291.26 million during the quarter, compared to the consensus estimate of $292.10 million. Cognex had a return on equity of 13.50% and a net margin of 16.05%.The company’s revenue for the quarter was up 16.9% compared to the same quarter last year. During the same period in the prior year, the company 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. On average, analysts forecast that Cognex Corporation will post 1.68 earnings per share for the current year.

Cognex Announces Dividend

The firm also recently disclosed 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 dividend yield of 0.6%. Cognex’s payout ratio is currently 33.01%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CGNX shares. UBS Group set a $75.00 target price on Cognex in a report on Tuesday, May 26th. Stephens increased their price target on shares of Cognex from $65.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Zacks Research raised shares of Cognex from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 16th. Citigroup restated a “neutral” rating and set a $74.00 price objective (up from $72.00) on shares of Cognex in a report on Friday, August 7th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $75.00 target price on shares of Cognex in a research note on Thursday, May 7th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Cognex has an average rating of “Moderate Buy” and a consensus target price of $75.64.

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.