Cognex (NASDAQ:CGNX) Price Target Raised to $40.00

Key Points

• The Goldman Sachs Group has raised its price target on Cognex from $36.00 to $40.00, though it maintains a "sell" rating, indicating a potential downside of 8.91% from current prices.
• Other analysts have varied opinions: Citigroup set a target price of $37.00, while KeyCorp upgraded to $50.00, leading to an average consensus target of $43.07.
• Cognex recently reported a quarterly earnings per share (EPS) of $0.25, surpassing expectations, with a forecast of $0.61 EPS for the current fiscal year.

Cognex (NASDAQ:CGNX - Get Free Report) had its price objective lifted by The Goldman Sachs Group from $36.00 to $40.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a "sell" rating on the scientific and technical instruments company's stock. The Goldman Sachs Group's price target points to a potential downside of 8.91% from the stock's current price.

Other analysts have also recently issued reports about the company. Citigroup reiterated a "neutral" rating and issued a $37.00 target price (up from $30.00) on shares of Cognex in a report on Monday, July 14th. KeyCorp upgraded shares of Cognex from a "sector weight" rating to an "overweight" rating and set a $50.00 price target on the stock in a research report on Friday, August 1st. JPMorgan Chase & Co. initiated coverage on shares of Cognex in a research report on Monday. They set a "neutral" rating and a $45.00 price objective for the company. DA Davidson boosted their target price on shares of Cognex from $32.00 to $35.00 and gave the company a "neutral" rating in a report on Monday, August 4th. Finally, UBS Group upped their price target on shares of Cognex from $53.00 to $58.00 and gave the company a "buy" rating in a research report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Cognex presently has an average rating of "Moderate Buy" and a consensus target price of $43.07.

Cognex Price Performance

NASDAQ CGNX traded down $0.25 on Tuesday, reaching $43.92. The company had a trading volume of 612,142 shares, compared to its average volume of 2,079,847. The firm has a market cap of $7.37 billion, a price-to-earnings ratio of 61.87 and a beta of 1.50. Cognex has a fifty-two week low of $22.67 and a fifty-two week high of $45.23. The business has a 50 day moving average of $40.06 and a two-hundred day moving average of $33.12.

Cognex (NASDAQ:CGNX - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The scientific and technical instruments company reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.23 by $0.02. The firm had revenue of $249.09 million for the quarter, compared to analyst estimates of $246.70 million. Cognex had a return on equity of 6.65% and a net margin of 13.13%.The business's revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.23 EPS. Cognex has set its Q3 2025 guidance at 0.240-0.290 EPS. As a group, research analysts predict that Cognex will post 0.61 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Sheila Marie Dipalma sold 2,002 shares of Cognex stock in a transaction on Friday, September 5th. The shares were sold at an average price of $45.00, for a total value of $90,090.00. Following the completion of the sale, the executive vice president owned 8,582 shares of the company's stock, valued at approximately $386,190. This trade represents a 18.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Teacher Retirement System of Texas raised its holdings in shares of Cognex by 51.3% in the 1st quarter. Teacher Retirement System of Texas now owns 48,640 shares of the scientific and technical instruments company's stock worth $1,451,000 after acquiring an additional 16,489 shares during the last quarter. GAMMA Investing LLC boosted its stake in Cognex by 155.3% during the 1st quarter. GAMMA Investing LLC now owns 1,062 shares of the scientific and technical instruments company's stock valued at $32,000 after purchasing an additional 646 shares during the last quarter. OneDigital Investment Advisors LLC increased its holdings in Cognex by 7.4% during the 1st quarter. OneDigital Investment Advisors LLC now owns 7,698 shares of the scientific and technical instruments company's stock worth $230,000 after purchasing an additional 532 shares in the last quarter. Scientech Research LLC raised its stake in shares of Cognex by 93.8% in the first quarter. Scientech Research LLC now owns 29,828 shares of the scientific and technical instruments company's stock worth $890,000 after purchasing an additional 14,434 shares during the last quarter. Finally, Brown Advisory Inc. purchased a new stake in shares of Cognex in the first quarter worth approximately $369,000. 88.12% of the stock is owned by institutional investors.

About Cognex

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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