Cognex (CGNX) Stock Forecast, Price & News

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cognex in the last twelve months. There are currently 3 sell ratings, 5 hold ratings, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" CGNX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CGNX, but not buy additional shares or sell existing shares.
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11 analysts have issued 1 year price targets for Cognex's shares. Their CGNX share price forecasts range from $40.00 to $65.00. On average, they expect the company's stock price to reach $50.17 in the next twelve months. This suggests that the stock has a possible downside of 11.8%.
View analysts price targets for CGNX or view top-rated stocks among Wall Street analysts.

Cognex's stock was trading at $47.11 on January 1st, 2023. Since then, CGNX stock has increased by 20.7% and is now trading at $56.87.
View the best growth stocks for 2023 here.

Cognex saw a decline in short interest in May. As of May 15th, there was short interest totaling 3,080,000 shares, a decline of 18.7% from the April 30th total of 3,790,000 shares. Based on an average daily trading volume, of 761,000 shares, the short-interest ratio is presently 4.0 days. Approximately 1.8% of the shares of the stock are sold short.
View Cognex's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our CGNX earnings forecast.

Cognex Co. (NASDAQ:CGNX) posted its quarterly earnings results on Thursday, February, 16th. The scientific and technical instruments company reported $0.32 EPS for the quarter, beating analysts' consensus estimates of $0.31 by $0.01. The scientific and technical instruments company earned $239.43 million during the quarter, compared to analysts' expectations of $245.09 million. Cognex had a net margin of 18.79% and a trailing twelve-month return on equity of 11.59%. The company's quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.30 earnings per share.

Cognex declared a quarterly dividend on Thursday, May 4th. Stockholders of record on Friday, May 19th will be paid a dividend of $0.07 per share on Friday, June 2nd. This represents a $0.28 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date is Thursday, May 18th.
Read our dividend analysis for CGNX.

ETFs with the largest weight of Cognex (NASDAQ:CGNX) stock in their portfolio include ProShares S&P Kensho Smart Factories ETF (MAKX), Global X Robotics & Artificial Intelligence Thematic ETF (BOTZ), Motley Fool Mid-Cap Growth ETF (TMFM), ProShares S&P Technology Dividend Aristocrats ETF (TDV), JPMorgan Climate Change Solutions ETF (TEMP), ROBO Global Robotics & Automation ETF (ROBO), ROBO Global Artificial Intelligence ETF (THNQ) and Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG).

Cognex (NASDAQ:CGNX) pays an annual dividend of $0.28 per share and currently has a dividend yield of 0.49%. The company has been increasing its dividend for 8 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 28.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CGNX will have a dividend payout ratio of 25.23% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CGNX.

Cognex's stock split before market open on Monday, December 4th 2017. The 2-1 split was announced on Monday, October 30th 2017. The newly created shares were issued to shareholders after the closing bell on Friday, December 1st 2017. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

Cognex updated its second quarter 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $225.00 million-$245.00 million, compared to the consensus revenue estimate of $235.74 million.

94 employees have rated Cognex Chief Executive Officer Robert Willett on Glassdoor.com. Robert Willett has an approval rating of 84% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Cognex investors own include NVIDIA (NVDA), Alibaba Group (BABA), PayPal (PYPL), Netflix (NFLX), Micron Technology (MU), Advanced Micro Devices (AMD), Arista Networks (ANET), Activision Blizzard (ATVI), Block (SQ) and Walt Disney (DIS).

Cognex trades on the NASDAQ under the ticker symbol "CGNX."

Cognex's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.97%), Bank of New York Mellon Corp (6.38%), State Street Corp (3.32%), Brown Capital Management LLC (3.03%), American Century Companies Inc. (2.32%) and Geode Capital Management LLC (1.91%). Insiders that own company stock include Anthony Sun, Carl Gerst, Dianne M Parrotte, Eugene G Banucci, Jerry A Schneider, Patrick Alias, Paul Todgham, Robert Willett, Sheila Marie Dipalma and Theodor Krantz.
View institutional ownership trends.

Shares of CGNX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CGNX stock can currently be purchased for approximately $56.87.

Cognex (NASDAQ:CGNX) has a market capitalization of $9.82 billion and generates $1.01 billion in revenue each year. The scientific and technical instruments company earns $215.52 million in net income (profit) each year or $1.00 on an earnings per share basis.

The company employs 2,441 workers across the globe.

Cognex's mailing address is ONE VISION DRIVE, NATICK MA, 01760. The official website for the company is www.cognex.com. The scientific and technical instruments company can be reached via phone at (508) 650-3000, via email at susan.conway@cognex.com, or via fax at 508-650-3333.