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Cognex Stock Price, News & Analysis (NASDAQ:CGNX)

$38.31
+0.27 (+0.71%)
(As of 01:58 PM ET)
Compare
Today's Range
$37.80
$38.71
50-Day Range
$34.64
$42.44
52-Week Range
$34.28
$59.51
Volume
315,797 shs
Average Volume
913,109 shs
Market Capitalization
$6.59 billion
P/E Ratio
42.10
Dividend Yield
0.78%
Price Target
$48.50

Cognex MarketRank™ Stock Analysis

Analyst Rating
Hold
2.18 Rating Score
Upside/​Downside
26.2% Upside
$48.50 Price Target
Short Interest
Healthy
3.05% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.12
Upright™ Environmental Score
News Sentiment
1.11mentions of Cognex in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
52.17%
From $0.46 to $0.70 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.18 out of 5 stars

Computer And Technology Sector

7th out of 592 stocks

Process Control Instruments Industry

1st out of 9 stocks


CGNX stock logo

About Cognex Stock (NASDAQ:CGNX)

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. The company offers VisionPro software, a suite of patented vision tools for advanced programming; QuickBuild that allows customers to build vision applications with a graphical, flowchart-based programming interface; and Cognex deep learning vision software. It also provides a range of inspection tasks, including part location, identification, measurement, assembly verification, and robotic guidance; vision sensors for vision applications, such as checking the presence and size of parts; and the In-Sight product line of vision systems and sensors. In addition, the company offers DataMan, an image-based barcode readers and barcode verifiers. It sells its products to automotive, logistics, consumer electronics, medical-related, semiconductor, consumer products, food and beverage, and others, as well as through a network of distributors and integrators. Cognex Corporation was incorporated in 1981 and is headquartered in Natick, Massachusetts.

CGNX Stock Price History

CGNX Stock News Headlines

Analysts Set Cognex Co. (NASDAQ:CGNX) Price Target at $48.50
Cognex Corp CGNX
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
Cognex Corporation (CGNX) Fell on a Weak Earnings Update
Forget 3M, Buy This Hot Growth Stock Instead
Hunting for Domestic Vanadium - The U.S. Govt. Did WHAT?
A little-known metal called vanadium is vital to American national security and energy independence. But right now, China and Russia dominate our supply. The U.S. Govt. is so serious about vanadium, it funded and recently completed an "Earth MRI" survey to seek out new sources of this energy metal - in Wyoming.
Here's Why Cognex Stock Crashed in October
Q3 2023 Cognex Corp Earnings Call
Cognex (CGNX) Q3 2023 Earnings Call Transcript
Cognex Corp Q3 Profit Decreases, but beats estimates
Cognex Reports Third Quarter 2023 Results
Cognex: Waiting For An Entry Point
Cognex Completes Acquisition of Moritex Corporation
See More Headlines
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Company Calendar

Last Earnings
10/31/2023
Ex-Dividend for 12/1 Dividend
11/16/2023
Dividend Payable
12/01/2023
Today
12/08/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/15/2024

Industry, Sector and Symbol

Industry
Process control instruments
Sub-Industry
Electronic Equipment & Instruments
Current Symbol
NASDAQ:CGNX
CUSIP
19242210
Employees
2,441
Year Founded
1981

Price Target and Rating

Average Stock Price Target
$48.50
High Stock Price Target
$60.00
Low Stock Price Target
$40.00
Potential Upside/Downside
+27.5%
Consensus Rating
Hold
Rating Score (0-4)
2.18
Research Coverage
11 Analysts

Profitability

Net Income
$215.52 million
Pretax Margin
20.47%

Debt

Sales & Book Value

Annual Sales
$1.01 billion
Cash Flow
$1.46 per share
Book Value
$8.34 per share

Miscellaneous

Free Float
170,248,000
Market Cap
$6.55 billion
Optionable
Optionable
Beta
1.50

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Key Executives















CGNX Stock Analysis - Frequently Asked Questions

Should I buy or sell Cognex stock right now?

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cognex in the last twelve months. There are currently 2 sell ratings, 6 hold ratings, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research 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.
View CGNX analyst ratings
or view top-rated stocks.

What is Cognex's stock price target for 2024?

11 Wall Street research analysts have issued 1 year target prices for Cognex's shares. Their CGNX share price targets range from $40.00 to $60.00. On average, they predict the company's stock price to reach $48.50 in the next twelve months. This suggests a possible upside of 26.2% from the stock's current price.
View analysts price targets for CGNX
or view top-rated stocks among Wall Street analysts.

How have CGNX shares performed in 2023?

Cognex's stock was trading at $47.11 at the start of the year. Since then, CGNX shares have decreased by 18.4% and is now trading at $38.43.
View the best growth stocks for 2023 here
.

Are investors shorting Cognex?

Cognex saw a decline in short interest during the month of November. As of November 15th, there was short interest totaling 5,240,000 shares, a decline of 10.1% from the October 31st total of 5,830,000 shares. Based on an average daily trading volume, of 1,020,000 shares, the short-interest ratio is presently 5.1 days. Currently, 3.1% of the shares of the stock are sold short.
View Cognex's Short Interest
.

When is Cognex's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 15th 2024.
View our CGNX earnings forecast
.

How were Cognex's earnings last quarter?

Cognex Co. (NASDAQ:CGNX) announced its earnings results on Tuesday, October, 31st. The scientific and technical instruments company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.09 by $0.01. The scientific and technical instruments company had revenue of $197.24 million for the quarter, compared to the consensus estimate of $190.30 million. Cognex had a trailing twelve-month return on equity of 8.90% and a net margin of 17.87%.

How often does Cognex pay dividends? What is the dividend yield for Cognex?

Cognex announced a quarterly dividend on Monday, October 30th. Investors of record on Friday, November 17th will be given a dividend of $0.075 per share on Friday, December 1st. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend is Thursday, November 16th. This is a boost from the stock's previous quarterly dividend of $0.07.
Read our dividend analysis for CGNX
.

Is Cognex a good dividend stock?

Cognex (NASDAQ:CGNX) pays an annual dividend of $0.30 per share and currently has a dividend yield of 0.78%. The company has been increasing its dividend for 9 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 32.97%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CGNX will have a dividend payout ratio of 42.86% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CGNX.

When did Cognex's stock split?

Shares of Cognex split on the morning of Monday, December 4th 2017. The 2-1 split was announced on Monday, October 30th 2017. The newly issued 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.

What is Robert Willett's approval rating as Cognex's CEO?

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.

What other stocks do shareholders of Cognex own?

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).

Who are Cognex's major shareholders?

Cognex's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Bank of New York Mellon Corp (6.19%), Lazard Asset Management LLC (3.22%), American Century Companies Inc. (1.92%), Impax Asset Management Group plc (1.63%), William Blair Investment Management LLC (1.61%) and Invesco Ltd. (1.21%). Insiders that own company stock include Anthony Sun, Carl Gerst, Dianne M Parrotte, Eugene G Banucci, Jerry A Schneider, Patrick Alias, Paul Todgham, Sheila Marie Dipalma and Theodor Krantz.
View institutional ownership trends
.

How do I buy shares of Cognex?

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.
Compare Top Brokerages Here.

Does Cognex have any subsidiaries?
The following companies are subsidiares of Cognex: *CHIARO TECHNOLOGIES, AQSENSE, AssistWare Technology, Cognex Asia Inc., Cognex Canada Inc., Cognex Canada Technology Inc., Cognex Distribution, Cognex EnShape GmbH, Cognex Europe B.V., Cognex Europe Inc., Cognex Foreign Sales Corporation, Cognex Germany Aachen GmbH, Cognex Germany Inc., Cognex Goruntu Sistemleri Satis ve Ticaret Limited Sirketi, Cognex Hungary Kft., Cognex International Inc., Cognex Ireland Ltd., Cognex K.K., Cognex Korea Inc., Cognex Ltd., Cognex Mexico S.R.L.C.V., Cognex Poland z.o.o, Cognex Representacao Comercial E Participacoes Ltda., Cognex Sensors India Private Limited, Cognex Service Inc, Cognex Service Ltd., Cognex Singapore Inc., Cognex Switzerland GmbH, Cognex Taiwan Inc., Cognex Technology and Investment LLC, Cognex UK Ltd., Cognex Vietnam Company Ltd., Cognex Vision Inspection System (Shanghai) Co. Ltd., Cognex Vision Spain S.L.U., Enshape, One Vision Drive LLC, ViDi Systems, Vision Drive Inc., and Webscan Inc.
Read More
This page (NASDAQ:CGNX) was last updated on 12/8/2023 by MarketBeat.com Staff

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