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NASDAQ:CGNX

Cognex (CGNX) Stock Forecast, Price & News

$55.56
+0.01 (+0.02%)
(As of 11:10 AM ET)
Compare
Today's Range
$55.30
$56.18
50-Day Range
$46.47
$56.87
52-Week Range
$40.21
$58.12
Volume
127,143 shs
Average Volume
779,574 shs
Market Capitalization
$9.59 billion
P/E Ratio
55.56
Dividend Yield
0.50%
Price Target
$50.17

Cognex MarketRank™ Forecast

Analyst Rating
Hold
2.09 Rating Score
Upside/​Downside
9.7% Downside
$50.17 Price Target
Short Interest
Healthy
1.79% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.12
Upright™ Environmental Score
News Sentiment
0.97mentions of Cognex in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$216,694 Sold Last Quarter
Proj. Earnings Growth
58.57%
From $0.70 to $1.11 Per Share

Overall MarketRank

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

2.40 out of 5 stars

Computer And Technology Sector

202nd out of 608 stocks

Process Control Instruments Industry

7th out of 11 stocks


CGNX stock logo

About Cognex (NASDAQ:CGNX) Stock

Cognex Corp. engages in the provision of machine vision products and solutions. Its products include vision sensors, vision systems, 3D vision systems, barcode readers, barcode verifiers, vision software, and vision tools. Its solutions include alignment, dimensioning, item detection, edge intelligence, logistics barcode reading systems and tunnels, water identification, and tire inspection. It operates through the following geographical segments: United States, Europe, Greater China, and Other. The company was founded by Robert J. Shillman, William Silver, and Marilyn Matz in 1981 and is headquartered in Natick, MA.

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CGNX Stock News Headlines

Soaring EV Industry Keeps Investor Focus on Lithium
The need for lithium keeps going up, up, up with the mass adoption of electric vehicles. The lithium demand for EV batteries alone is now double the rate of lithium production.
Soaring EV Industry Keeps Investor Focus on Lithium
The need for lithium keeps going up, up, up with the mass adoption of electric vehicles. The lithium demand for EV batteries alone is now double the rate of lithium production.
Cognex (NASDAQ:CGNX) Price Target Raised to $52.00
Cognex (CGNX) Q1 2023 Earnings Call Transcript
Cognex (CGNX) Set to Announce Earnings on Thursday
Cognex Full Year 2022 Earnings: In Line With Expectations
Why Cognex Stock Fell Hard Today
Wall Street's Getting Jittery About These 2 Nasdaq Stocks
See More Headlines

CGNX Price History

CGNX Company Calendar

Last Earnings
2/16/2023
Ex-Dividend for 3/17 Dividend
3/02/2023
Dividend Payable
3/17/2023
Ex-Dividend for 6/2 Dividend
5/18/2023
Dividend Payable
6/02/2023
Today
6/06/2023
Next Earnings (Estimated)
8/01/2023
Fiscal Year End
12/31/2023

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 Forecast
$50.17
High Stock Price Forecast
$65.00
Low Stock Price Forecast
$40.00
Forecasted Upside/Downside
-9.7%
Consensus Rating
Hold
Rating Score (0-4)
2.09
Research Coverage
11 Analysts

Profitability

Net Income
$215.52 million
Pretax Margin
20.46%

Debt

Sales & Book Value

Annual Sales
$1.01 billion
Cash Flow
$1.44 per share
Book Value
$8.34 per share

Miscellaneous

Free Float
170,702,000
Market Cap
$9.59 billion
Optionable
Optionable
Beta
1.60

Social Links


Key Executives

  • Robert J. WillettRobert J. Willett
    President, Chief Executive Officer & Director
  • Paul D. TodghamPaul D. Todgham
    Chief Financial Officer & Senior VP-Finance
  • Joerg Kuechen
    CTO & Senior VP-Advanced Vision Technology
  • Laura A. MacDonald
    Vice President & Controller
  • Carl GerstCarl Gerst
    Vice President & Business Unit Manager-ID Products













CGNX Stock - Frequently Asked Questions

Should I buy or sell Cognex stock right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cognex in the last year. 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.
View CGNX analyst ratings
or view top-rated stocks.

What is Cognex's stock price forecast for 2023?

11 brokers have issued 12-month price objectives for Cognex's shares. Their CGNX share price forecasts range from $40.00 to $65.00. On average, they predict the company's stock price to reach $50.17 in the next year. This suggests that the stock has a possible downside of 10.4%.
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 beginning of the year. Since then, CGNX stock has increased by 18.8% and is now trading at $55.97.
View the best growth stocks for 2023 here
.

Are investors shorting Cognex?

Cognex saw a decrease in short interest in May. As of May 15th, there was short interest totaling 3,080,000 shares, a decrease of 18.7% from the April 30th total of 3,790,000 shares. Based on an average daily volume of 761,000 shares, the short-interest ratio is presently 4.0 days. Approximately 1.8% of the company's shares 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 Tuesday, August 1st 2023.
View our CGNX earnings forecast
.

How were Cognex's earnings last quarter?

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

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

Cognex announced a quarterly dividend on Thursday, May 4th. Investors of record on Friday, May 19th will be given a dividend of $0.07 per share on Friday, June 2nd. This represents a $0.28 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend is Thursday, May 18th.
Read our dividend analysis for CGNX
.

Is Cognex a good dividend stock?

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.

When did Cognex's stock split?

Cognex shares split on the morning of 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 market closes 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 guidance has Cognex issued on next quarter's earnings?

Cognex issued an update on its second quarter 2023 earnings guidance on Thursday, May, 4th. The company provided EPS 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.

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).

What is Cognex's stock symbol?

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

Who are Cognex's major shareholders?

Cognex's stock is owned by a number of retail and institutional investors. Top institutional shareholders 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
.

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.

What is Cognex's stock price today?

One share of CGNX stock can currently be purchased for approximately $55.97.

How much money does Cognex make?

Cognex (NASDAQ:CGNX) has a market capitalization of $9.66 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.

How many employees does Cognex have?

The company employs 2,441 workers across the globe.

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
How can I contact Cognex?

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.

This page (NASDAQ:CGNX) was last updated on 6/6/2023 by MarketBeat.com Staff

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