Cognex Corporation (NASDAQ:CGNX) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on Cognex, with 10 buy, 2 strong-buy and 6 hold ratings among 18 firms. The average 12-month price target is $75.50.
• Institutional investors own 88.12% of Cognex, with several funds initiating or increasing positions during the second quarter.
• Cognex reported quarterly EPS of $0.45, beating estimates of $0.42, while revenue rose 16.9% year over year to $291.26 million. The company also declared a quarterly dividend of $0.085 per share, or a 0.6% annualized yield.

Shares of Cognex Corporation (NASDAQ:CGNX - Get Free Report) have been given a consensus rating of "Moderate Buy" by the eighteen research firms that are presently covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $75.50.

Several analysts have recently commented on the stock. HSBC lowered shares of Cognex from a "buy" rating to a "hold" rating and set a $65.00 price target on the stock. in a research report on Monday, August 10th. Truist Financial increased their target price on shares of Cognex from $71.00 to $78.00 and gave the stock a "hold" rating in a research report on Friday, August 7th. DA Davidson reaffirmed a "neutral" rating and set a $65.00 price target on shares of Cognex in a research report on Wednesday. Robert W. Baird decreased their price objective on shares of Cognex from $78.00 to $70.00 and set a "neutral" rating for the company in a research note on Wednesday. Finally, Cantor Fitzgerald increased their price objective on shares of Cognex from $76.00 to $84.00 and gave the stock an "overweight" rating in a research report on Friday, August 7th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. QRG Capital Management Inc. acquired a new position in shares of Cognex during the second quarter worth about $214,000. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Cognex in the second quarter valued at about $268,000. IPG Investment Advisors LLC acquired a new stake in shares of Cognex in the second quarter valued at about $313,000. Integrated Wealth Concepts LLC lifted its position in Cognex by 53.1% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 15,916 shares of the scientific and technical instruments company's stock worth $1,153,000 after acquiring an additional 5,519 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in Cognex by 6.3% during the 2nd quarter. NewEdge Advisors LLC now owns 8,981 shares of the scientific and technical instruments company's stock worth $650,000 after acquiring an additional 535 shares in the last quarter. 88.12% of the stock is owned by hedge funds and other institutional investors.

Cognex Stock Up 1.7%

NASDAQ:CGNX opened at $58.66 on Friday. Cognex has a 52-week low of $34.60 and a 52-week high of $72.88. The stock has a fifty day simple moving average of $62.17 and a 200-day simple moving average of $60.42. The company has a market capitalization of $9.87 billion, a PE ratio of 56.95 and a beta of 1.49.

Cognex (NASDAQ:CGNX - Get Free Report) last issued its quarterly earnings data 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. Cognex had a net margin of 16.05% and a return on equity of 13.50%. The firm had revenue of $291.26 million for the quarter, compared to analysts' expectations of $292.10 million. During the same period in the prior year, the company earned $0.25 EPS. The firm's revenue was up 16.9% on a year-over-year basis. Cognex has set its FY 2026 guidance at 1.640-1.680 EPS and its Q3 2026 guidance at 0.500-0.540 EPS. As a group, equities analysts anticipate that Cognex will post 1.68 earnings per share for the current year.

Cognex Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 20th were given a dividend of $0.0850 per share. This represents a $0.34 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, August 20th. Cognex's dividend payout ratio is 33.01%.

About Cognex

Cognex Corporation NASDAQ: CGNX develops machine vision technologies that help businesses automate inspection, identification, measurement and guidance tasks. Its systems enable manufacturing and logistics operations to analyze images and make decisions about products, components and packages.

The company's product portfolio includes industrial cameras, vision sensors, barcode readers, three-dimensional vision systems and machine vision software. Cognex also offers artificial intelligence and deep-learning tools designed to address complex inspection and classification applications, along with engineering, implementation and support services.

Founded in 1981 by Robert J.

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