Lombard Odier Asset Management Europe Ltd Acquires New Position in Cognex Corporation $CGNX

Lombard Odier Asset Management Europe Ltd bought a new position in shares of Cognex Corporation (NASDAQ:CGNX) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 12,329 shares of the scientific and technical instruments company’s stock, valued at approximately $893,000.

A number of other large investors have also made changes to their positions in CGNX. BlackRock Inc. acquired a new position in Cognex in the 2nd quarter valued at about $1,158,123,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Cognex by 173,138.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 10,477,448 shares of the scientific and technical instruments company’s stock worth $376,979,000 after buying an additional 10,471,400 shares during the last quarter. Jupiter Topco LLC purchased a new stake in shares of Cognex during the 2nd quarter valued at approximately $161,425,000. Norges Bank purchased a new stake in shares of Cognex during the 4th quarter valued at approximately $73,103,000. Finally, Alyeska Investment Group L.P. acquired a new position in Cognex in the fourth quarter valued at approximately $68,388,000. 88.12% of the stock is currently owned by hedge funds and other institutional investors.

Cognex Stock Performance

Shares of NASDAQ CGNX opened at $60.46 on Friday. Cognex Corporation has a fifty-two week low of $34.60 and a fifty-two week high of $72.88. The firm has a market capitalization of $10.17 billion, a PE ratio of 58.70 and a beta of 1.49. The stock’s 50-day simple moving average is $64.43 and its 200-day simple moving average is $59.46.

Cognex (NASDAQ:CGNX) last posted its earnings results on Wednesday, August 5th. The scientific and technical instruments company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.03. The firm had revenue of $291.26 million for 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 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, sell-side analysts forecast that Cognex Corporation will post 1.68 earnings per share for the current fiscal year.

Cognex Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CGNX. Barclays reaffirmed an “overweight” rating and set a $80.00 target price (up from $75.00) on shares of Cognex in a research note on Monday, August 10th. Wall Street Zen cut shares of Cognex from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $75.00 target price on shares of Cognex in a report on Thursday, May 7th. DA Davidson set a $65.00 target price on Cognex and gave the company a “neutral” rating in a research report on Monday, August 10th. Finally, Stephens boosted their target price on Cognex from $65.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $75.64.

Cognex Company 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.