Cognex (NASDAQ:CGNX - Free Report) had its price target decreased by DA Davidson from $35.00 to $32.00 in a research note published on Monday,Benzinga reports. DA Davidson currently has a neutral rating on the scientific and technical instruments company's stock. DA Davidson also issued estimates for Cognex's Q2 2025 earnings at $0.17 EPS and FY2026 earnings at $0.81 EPS.
Several other brokerages also recently issued reports on CGNX. TD Cowen upgraded shares of Cognex from a "hold" rating to a "buy" rating and set a $35.00 target price for the company in a research note on Monday, April 28th. Truist Financial reduced their target price on Cognex from $37.00 to $29.00 and set a "hold" rating for the company in a research note on Tuesday, April 8th. Hsbc Global Res cut Cognex from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 21st. HSBC cut shares of Cognex from a "buy" rating to a "hold" rating and set a $33.00 price objective for the company. in a research report on Friday, February 21st. Finally, Stephens reissued an "overweight" rating and issued a $55.00 price objective on shares of Cognex in a research report on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $39.17.
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Cognex Stock Performance
NASDAQ CGNX traded up $0.05 during trading hours on Monday, hitting $29.47. 2,988,050 shares of the company traded hands, compared to its average volume of 1,543,543. The stock has a market capitalization of $4.95 billion, a price-to-earnings ratio of 48.31 and a beta of 1.45. Cognex has a twelve month low of $22.67 and a twelve month high of $53.13. The business's 50-day moving average is $28.13 and its 200-day moving average is $34.59.
Cognex (NASDAQ:CGNX - Get Free Report) last released its earnings results on Wednesday, February 12th. The scientific and technical instruments company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.01). Cognex had a net margin of 11.61% and a return on equity of 5.65%. Analysts predict that Cognex will post 0.61 EPS for the current year.
Cognex Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th will be given a $0.08 dividend. The ex-dividend date is Thursday, May 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.09%. Cognex's payout ratio is 47.06%.
Insider Activity at Cognex
In other news, EVP Carl Gerst sold 6,803 shares of the company's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $32.73, for a total transaction of $222,662.19. Following the completion of the sale, the executive vice president now directly owns 4,566 shares in the company, valued at approximately $149,445.18. This represents a 59.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. bought a new position in Cognex in the 4th quarter valued at about $29,000. SRS Capital Advisors Inc. boosted its position in shares of Cognex by 50.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 885 shares of the scientific and technical instruments company's stock worth $32,000 after acquiring an additional 295 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Cognex by 439.4% in the first quarter. Farther Finance Advisors LLC now owns 971 shares of the scientific and technical instruments company's stock valued at $29,000 after acquiring an additional 791 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Cognex during the third quarter valued at approximately $40,000. Finally, CBIZ Investment Advisory Services LLC lifted its stake in Cognex by 129.9% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 1,007 shares of the scientific and technical instruments company's stock worth $36,000 after purchasing an additional 569 shares during the last quarter. Institutional investors and hedge funds own 88.12% of the company's stock.
About Cognex
(
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Cognex Corporation provides machine vision products that capture and analyze visual information to automate manufacturing and distribution tasks worldwide. Its machine vision products are used to automate the manufacturing and tracking of discrete items, including mobile phones, electric vehicle batteries, and e-commerce packages by locating, identifying, inspecting, and measuring them during the manufacturing or distribution process.
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