Cognex (CGNX) Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cognex in the last year. There are currently 1 sell rating, 7 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities 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.

9 analysts have issued twelve-month price targets for Cognex's stock. Their CGNX share price forecasts range from $45.00 to $65.00. On average, they expect the company's stock price to reach $51.00 in the next year. This suggests a possible upside of 19.6% from the stock's current price.
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 shares have decreased by 9.5% and is now trading at $42.64.
View the best growth stocks for 2023 here.

Cognex saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 3,970,000 shares, an increase of 5.6% from the August 31st total of 3,760,000 shares. Based on an average daily volume of 777,800 shares, the short-interest ratio is presently 5.1 days. Approximately 2.3% of the shares of the stock are short sold.
View Cognex's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our CGNX earnings forecast.

Cognex Co. (NASDAQ:CGNX) posted its quarterly earnings results on Thursday, August, 3rd. The scientific and technical instruments company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.19 by $0.13. The scientific and technical instruments company had revenue of $242.51 million for the quarter, compared to the consensus estimate of $230.99 million. Cognex had a net margin of 19.31% and a trailing twelve-month return on equity of 10.32%.

Cognex declared a quarterly dividend on Thursday, August 3rd. Stockholders of record on Friday, August 18th will be given a dividend of $0.07 per share on Friday, September 1st. This represents a $0.28 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend is Thursday, August 17th.
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), ProShares S&P Technology Dividend Aristocrats ETF (TDV), Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC), ROBO Global Artificial Intelligence ETF (THNQ), ROBO Global Robotics & Automation ETF (ROBO), Fidelity Disruptive Automation ETF (FBOT) and Invesco S&P MidCap Quality ETF (XMHQ).

Cognex (NASDAQ:CGNX) pays an annual dividend of $0.28 per share and currently has a dividend yield of 0.67%. 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 28.28%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CGNX will have a dividend payout ratio of 33.73% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CGNX.

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 distributed 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 third quarter 2023 earnings guidance on Thursday, August, 3rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $180.00 million-$200.00 million, compared to the consensus revenue estimate of $250.36 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."

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.

One share of CGNX stock can currently be purchased for approximately $42.64.

Cognex (NASDAQ:CGNX) has a market capitalization of $7.35 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 $0.99 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.