Cognex Corporation Company Profile (NASDAQ:CGNX)

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

Cognex Corporation announced a quarterly dividend on Tuesday, August 1st. Stockholders of record on Friday, August 18th will be given a dividend of $0.085 per share on Friday, September 1st. This represents a $0.34 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date is Wednesday, August 16th. View Cognex Corporation's Dividend History.

Cognex Corporation declared that its board has authorized a share repurchase program on Sunday, June 4th 2017, which authorizes the company to repurchase $100,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 1.4% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

Cognex Corporation (NASDAQ:CGNX) announced its quarterly earnings results on Monday, July, 31st. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.08. The business had revenue of $172.90 million for the quarter, compared to analysts' expectations of $169.79 million. Cognex Corporation had a return on equity of 19.51% and a net margin of 33.10%. The company's revenue was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.50 earnings per share. View Cognex Corporation's Earnings History.

Cognex Corporation is scheduled to release their next quarterly earnings announcement on Monday, October, 30th 2017. View Earnings Estimates for Cognex Corporation.

10 brokerages have issued 12 month target prices for Cognex Corporation's stock. Their predictions range from $50.00 to $135.00. On average, they expect Cognex Corporation's share price to reach $77.71 in the next twelve months. View Analyst Ratings for Cognex Corporation.

Here are some recent quotes from research analysts about Cognex Corporation stock:

• 1. According to Zacks Investment Research, "Cognex Corporation (Cognex) is a provider of machine vision products that capture and analyze visual information in order to automate tasks, primarily in manufacturing processes, where vision is required. The Company operates through the machine vision technology segment. The Company's machine vision products are used to automate the manufacture and tracking of discrete items, such as mobile phones, aspirin bottles and automobile tires, by locating, identifying, inspecting and measuring them during the manufacturing or distribution process. The Company's products include vision software, vision systems, vision sensors and identification (ID) products. Its products range from vision sensors that are integrated, to personal computer (PC)-based systems for users. Its products also have a range of physical forms, depending upon the user's need. Cognex sells its products through a direct sales force, as well as through a global network of integration and distribution partners. " (10/3/2017)
• 2. Needham & Company LLC analysts commented, "With CGNX shares near record levels and bumping up against our target, we have been looking at various scenarios to gauge potential upside to our estimates. After applying more aggressive growth expectations for this year and 2018, and having much of the upside flow through to the bottom line, we are frankly hard pressed to see a sufficiently attractive risk-reward to support a meaningfully higher PT. Based on Street estimates, CGNX shares are trading at 43x and 35x respective 2017 and 2018 estimates. We can see a scenario where growth in 2017 could be solidly above Street estimates, reflecting strong growth in the consumer electronics (Apple) and broader factory automation businesses, but we expect comparisons to get more challenging in Q4 and 2018. Downgrading to Hold from Buy." (3/15/2017)

Some companies that are related to Cognex Corporation include Mettler-Toledo International (MTD), Keysight Technologies (KEYS), MKS Instruments (MKSI), Renishaw plc (RSW), ESCO Technologies (ESE), Chart Industries (GTLS), Badger Meter (BMI), Rudolph Technologies (RTEC), Mesa Laboratories (MLAB), Vishay Precision Group (VPG), Allied Motion Technologies (AMOT), EXFO (EXFO), Perceptron (PRCP), Wireless Telecom Group (WTT), Image Sensing Systems (ISNS), BTU International (BTUI) and Cascade Microtech (CSCD).

Cognex Corporation's management team includes the folowing people:

• Robert J. Shillman, Executive Chairman of the Board, Chief Culture Officer
• Robert J. Willett, President, Chief Executive Officer, Director
• John J. Curran, Chief Financial Officer, Senior Vice President
• Anthony Sun, Lead Independent Director
• Patrick A. Alias, Independent Director
• Eugene Banucci, Independent Director
• Karl Theodor Krantz, Independent Director
• Jeffrey Benjamin Miller, Independent Director

Cognex Corporation's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Hermes Investment Management Ltd. (0.95%), Denali Advisors LLC (0.09%), Mutual of America Capital Management LLC (0.08%), APG Asset Management N.V. (0.06%), State Treasurer State of Michigan (0.04%) and Arcadia Investment Management Corp MI (0.02%). Company insiders that own Cognex Corporation stock include Bruce Robinson J, Eugene G Banucci, Jeffrey Benjamin Miller, Jerry A Schneider, Patrick Alias, Reuben Wasserman, Richard Morin, Robert Willett and Theodor Krantz. View Institutional Ownership Trends for Cognex Corporation.

Cognex Corporation's stock was sold by a variety of institutional investors in the last quarter, including Hermes Investment Management Ltd., Denali Advisors LLC, Arcadia Investment Management Corp MI, State Treasurer State of Michigan, Winslow Evans & Crocker Inc. and Mutual of America Capital Management LLC. Company insiders that have sold Cognex Corporation stock in the last year include Bruce Robinson J, Jeffrey Benjamin Miller, Jerry A Schneider, Patrick Alias, Richard Morin, Robert Willett and Theodor Krantz. View Insider Buying and Selling for Cognex Corporation.

Cognex Corporation's stock was bought by a variety of institutional investors in the last quarter, including APG Asset Management N.V., Oakbrook Investments LLC and LS Investment Advisors LLC. Company insiders that have bought Cognex Corporation stock in the last two years include Bruce Robinson J and Eugene G Banucci. View Insider Buying and Selling for Cognex Corporation.

Shares of Cognex Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Cognex Corporation stock can currently be purchased for approximately $122.44.