About Cognex (NASDAQ:CGNX)
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.
Industry, Sector and Symbol
Industry Testing & Measuring Equipment
Sub-IndustryElectronic Equipment & Instruments
Trailing P/E Ratio55.3061224489796
Forward P/E Ratio38.99
Sales & Book Value
Annual Sales$747.95 million
Price / Sales12.58
Cash Flow$1.60 per share
Price / Cash33.87
Book Value$6.31 per share
Price / Book8.59
Net Income$177.17 million
Return on Equity24.23%
Return on Assets21.65%
Cognex (NASDAQ:CGNX) Frequently Asked Questions
What is Cognex's stock symbol?
Cognex trades on the NASDAQ under the ticker symbol "CGNX."
How often does Cognex pay dividends? What is the dividend yield for Cognex?
Cognex announced a quarterly dividend on Thursday, February 15th. Stockholders of record on Friday, March 2nd will be paid a dividend of $0.045 per share on Friday, March 16th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date is Thursday, March 1st. View Cognex's Dividend History.
When did Cognex's stock split? How did Cognex's stock split work?
Cognex's stock split on Monday, December 4th 2017. The 2-1 split was announced on Monday, October 30th 2017. The newly created shares were distributed to shareholders after the market closes on Friday, December 1st 2017. An investor that had 100 shares of Cognex stock prior to the split would have 200 shares after the split.
How will Cognex's stock buyback program work?
Cognex announced that its Board of Directors has approved a stock buyback program on Friday, February 16th 2018, which permits the company to buyback $150,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its stock is undervalued.
How were Cognex's earnings last quarter?
Cognex Co. (NASDAQ:CGNX) posted its earnings results on Thursday, February, 15th. The scientific and technical instruments company reported $0.30 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.25 by $0.05. The scientific and technical instruments company had revenue of $180.37 million for the quarter, compared to analysts' expectations of $178.75 million. Cognex had a return on equity of 24.23% and a net margin of 23.69%. The business's revenue was up 39.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.20 EPS. View Cognex's Earnings History.
When will Cognex make its next earnings announcement?
Where is Cognex's stock going? Where will Cognex's stock price be in 2018?
9 equities research analysts have issued 1-year price targets for Cognex's stock. Their predictions range from $60.00 to $80.00. On average, they anticipate Cognex's stock price to reach $66.40 in the next year. View Analyst Ratings for Cognex.
What are Wall Street analysts saying about Cognex stock?
Here are some recent quotes from research analysts about Cognex stock:
- 1. According to Zacks Investment Research, "Cognex Corporation designs, develops, manufactures, and markets machine vision systems, or computers that can see. Cognex is the world's leader in the machine vision industry, having shipped more than 200,000 vision systems, representing nearly $1.5 billion in cumulative revenue, since the company's founding time. Cognex's Modular Vision Systems Division, headquartered in Natick, Massachusetts, specializes in machine vision systems that are used for automating the manufacture of a wide range of discrete items and for assuring their quality. Cognex's Surface Inspection Systems Division, headquartered in Alameda, California, specializes in machine vision systems that are used for inspecting the surfaces of products manufactured in a continuous fashion, such as metals, papers and plastics. " (2/13/2018)
- 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)
Who are some of Cognex's key competitors?
Some companies that are related to Cognex include Mettler-Toledo International (MTD), Keysight Technologies (KEYS), MKS Instruments (MKSI), Renishaw (RSW), Chart Industries (GTLS), ESCO Technologies (ESE), Badger Meter (BMI), Rudolph Technologies (RTEC), Mesa Laboratories (MLAB), Vishay Precision Group (VPG), Cascade Microtech (CSCD), Allied Motion Technologies (AMOT), Hurco Companies (HURC), Exfo (EXFO), Perceptron (PRCP), inTEST (INTT), Wireless Telecom Group (WTT) and Aehr Test Systems (AEHR).
Who are Cognex's key executives?
Cognex's management team includes the folowing people:
- Robert J. Shillman, Executive Chairman of the Board, Chief Culture Officer (Age 70)
- Robert J. Willett, President, Chief Executive Officer, Director (Age 49)
- John J. Curran, Chief Financial Officer, Senior Vice President (Age 51)
- Anthony Sun, Lead Independent Director (Age 64)
- Patrick A. Alias, Independent Director (Age 71)
- Eugene Banucci, Independent Director (Age 73)
- Karl Theodor Krantz, Independent Director (Age 74)
- Jeffrey Benjamin Miller, Independent Director (Age 60)
Who owns Cognex stock?
Cognex's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (9.11%), Brown Capital Management LLC (3.89%), OppenheimerFunds Inc. (1.68%), Eagle Asset Management Inc. (1.63%), Bank of New York Mellon Corp (1.30%) and Joho Capital LLC (1.24%). Company insiders that own Cognex stock include Bruce Robinson J, Eugene G Banucci, Jeffrey Benjamin Miller, Jerry A Schneider, John J Curran, Patrick Alias, Reuben Wasserman, Richard Morin, Robert Willett and Theodor Krantz. View Institutional Ownership Trends for Cognex.
Who sold Cognex stock? Who is selling Cognex stock?
Cognex's stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, First Quadrant L P CA, Metropolitan Life Insurance Co. NY, Dupont Capital Management Corp, BlueCrest Capital Management Ltd, AMP Capital Investors Ltd, Verition Fund Management LLC and First Citizens Bank & Trust Co.. Company insiders that have sold Cognex company stock in the last year include Bruce Robinson J, Jeffrey Benjamin Miller, Jerry A Schneider, John J Curran, Patrick Alias, Robert Willett and Theodor Krantz. View Insider Buying and Selling for Cognex.
Who bought Cognex stock? Who is buying Cognex stock?
Cognex's stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Brown Capital Management LLC, Carillon Tower Advisers Inc., Eagle Asset Management Inc., OppenheimerFunds Inc., AXA, Lazard Asset Management LLC and Coatue Management LLC. View Insider Buying and Selling for Cognex.
How do I buy Cognex stock?
Shares of Cognex can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Cognex's stock price today?
One share of Cognex stock can currently be purchased for approximately $54.20.
How big of a company is Cognex?
Cognex has a market capitalization of $9.39 billion and generates $747.95 million in revenue each year. The scientific and technical instruments company earns $177.17 million in net income (profit) each year or $0.98 on an earnings per share basis. Cognex employs 1,421 workers across the globe.
How can I contact Cognex?
Cognex's mailing address is 1 Vision Dr, NATICK, MA 01760-2083, United States. The scientific and technical instruments company can be reached via phone at +1-508-6503000 or via email at [email protected]
MarketBeat Community Rating for Cognex (CGNX)MarketBeat's community ratings are surveys of what our community members think about Cognex and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Cognex (NASDAQ:CGNX) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Hold||Hold||Hold||Buy|
|Consensus Rating Score: ||2.44||2.44||2.40||2.50|
|Ratings Breakdown: ||1 Sell Rating(s)|
3 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
3 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
4 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
5 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$66.40||$62.00||$51.21||$38.86|
|Price Target Upside: ||2.74% downside||9.18% downside||24.69% downside||61.72% downside|
Cognex (NASDAQ:CGNX) Consensus Price Target History
Cognex (NASDAQ:CGNX) Analyst Ratings History
(Data available from 2/25/2016 forward)
Cognex (NASDAQ:CGNX) Earnings History and Estimates Chart
Cognex (NASDAQ CGNX) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|2/15/2018||Q4 2017||$0.25||$0.30||$178.75 million||$180.37 million||View||Listen|
|10/30/2017||Q3 2017||$0.53||$0.57||$255.95 million||$259.74 million||View||N/A|
|7/31/2017||Q2 2017||$0.28||$0.32||$169.79 million||$172.90 million||View||N/A|
|5/1/2017||Q1 2017||$0.14||$0.26||$123.83 million||$134.94 million||View||N/A|
|2/16/2017||Q416||$0.15||$0.22||$116.93 million||$129.32 million||View||N/A|
|10/31/2016||Q316||$0.24||$0.25||$50.93 million||$147.95 million||View||Listen|
|8/1/2016||Q216||$0.22||$0.25||$138.11 million||$147.27 million||View||N/A|
|5/2/2016||Q116||$0.06||$0.09||$93.06 million||$96.20 million||View||Listen|
|2/10/2016||Q415||$0.09||$0.11||$95.61 million||$97.77 million||View||Listen|
|11/2/2015||Q315||$0.11||$0.15||$107.44 million||$107.59 million||View||Listen|
|8/3/2015||Q215||$0.24||$0.25||$154.94 million||$143.80 million||View||Listen|
|5/4/2015||Q115||$0.11||$0.12||$109.50 million||$113.40 million||View||Listen|
|2/12/2015||Q414||$0.13||$0.15||$113.15 million||$117.20 million||View||Listen|
|10/27/2014||Q314||$0.28||$0.29||$168.60 million||$169.40 million||View||Listen|
|7/28/2014||Q214||$0.11||$0.15||$103.30 million||$108.80 million||View||N/A|
|4/30/2014||Q114||$0.10||$0.11||$91.15 million||$90.90 million||View||N/A|
|2/13/2014||Q413||$0.11||$0.13||$94.67 million||$95.70 million||View||Listen|
|10/28/2013||Q313||$0.13||$0.13||$90.00 million||$90.00 million||View||N/A|
|7/29/2013||Q2 2013||$0.19||$0.21||$85.30 million||$86.51 million||View||N/A|
|4/29/2013||Q1 2013||$0.18||$0.18||$79.62 million||$80.89 million||View||N/A|
|2/11/2013||Q4 2012||$0.19||$0.20||$79.61 million||$82.17 million||View||N/A|
|10/29/2012||Q312||$0.18||$0.21||$79.66 million||$80.08 million||View||N/A|
Cognex (NASDAQ:CGNX) Earnings Estimates
2018 EPS Consensus Estimate: $1.79
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Cognex (NASDAQ:CGNX) Dividend Information
|Payout Ratio:||18.37% (Trailing 12 Months of Earnings) |
12.95% (Based on This Year's Estimates)
10.00% (Based on Next Year's Estimates)
Cognex (NASDAQ:CGNX) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Cognex (NASDAQ CGNX) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 5.60%
Institutional Ownership Percentage: 64.08%
Cognex (NASDAQ CGNX) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|11/27/2017||Patrick Alias||Director||Sell||5,000||$143.54||$717,700.00|| |
|11/9/2017||Theodor Krantz||Director||Sell||15,000||$134.05||$2,010,750.00||26,250|| |
|11/6/2017||Jeffrey Benjamin Miller||Director||Sell||3,750||$134.48||$504,300.00||3,750|| |
|11/3/2017||John J Curran||Insider||Sell||12,500||$132.60||$1,657,500.00||6,250|| |
|11/2/2017||Robert Willett||CEO||Sell||100,000||$127.19||$12,719,000.00||100,000|| |
|11/1/2017||Jeffrey Benjamin Miller||Director||Sell||7,500||$124.23||$931,725.00|| |
|9/12/2017||Patrick Alias||Director||Sell||5,000||$111.31||$556,550.00||5,000|| |
|9/5/2017||Bruce Robinson J||Director||Sell||7,000||$106.50||$745,500.00||5,625|| |
|8/25/2017||Robert Willett||CEO||Sell||8,241||$103.09||$849,564.69||8,241|| |
|8/15/2017||Robert Willett||CEO||Sell||66,759||$104.58||$6,981,656.22||9,468|| |
|8/14/2017||Theodor Krantz||Director||Sell||9,750||$103.78||$1,011,855.00||22,500|| |
|8/8/2017||Robert Willett||CEO||Sell||25,000||$103.37||$2,584,250.00||25,000|| |
|8/3/2017||Jerry A Schneider||Director||Sell||5,000||$102.67||$513,350.00||6,000|| |
|6/6/2017||Theodor Krantz||Director||Sell||7,500||$96.09||$720,675.00||26,250|| |
|5/15/2017||Robert Willett||CEO||Sell||55,919||$91.73||$5,129,449.87||55,919|| |
|5/9/2017||Robert Willett||CEO||Sell||43,981||$89.79||$3,949,053.99||20,020|| |
|5/4/2017||Robert Willett||CEO||Sell||100||$89.64||$8,964.00||100|| |
|3/6/2017||Robert Willett||CEO||Sell||50,000||$80.69||$4,034,500.00||50,000|| |
|2/28/2017||Patrick Alias||Director||Sell||5,000||$77.85||$389,250.00||5,000|| |
|2/27/2017||Robert Willett||CEO||Sell||50,000||$77.75||$3,887,500.00||50,000|| |
|12/8/2016||Jeffrey Benjamin Miller||Director||Sell||7,500||$63.06||$472,950.00||7,500|| |
|12/8/2016||Richard Morin||CFO||Sell||23,000||$60.30||$1,386,900.00||24,998|| |
|12/1/2016||Richard Morin||CFO||Sell||3,000||$60.39||$181,170.00||3,898|| |
|11/25/2016||Bruce Robinson J||Director||Sell||25,750||$60.95||$1,569,462.50||16,875|| |
|11/14/2016||Robert Willett||CEO||Sell||100,000||$55.69||$5,569,000.00||50,000|| |
|11/11/2016||Richard Morin||CFO||Sell||20,000||$55.44||$1,108,800.00||14,598|| |
|11/8/2016||Patrick Alias||Director||Sell||10,000||$54.07||$540,700.00||10,000|| |
|8/26/2016||Richard Morin||CFO||Sell||14,040||$50.21||$704,948.40||16,038|| |
|8/23/2016||Richard Morin||CFO||Sell||4,260||$50.21||$213,894.60||6,258|| |
|8/19/2016||Richard Morin||CFO||Sell||1,100||$50.35||$55,385.00||3,098|| |
|8/19/2016||Theodor Krantz||Director||Sell||20,000||$50.00||$1,000,000.00||25,850|| |
|8/10/2016||Richard Morin||CFO||Sell||45,000||$49.90||$2,245,500.00||46,998|| |
|8/5/2016||Jeffrey Benjamin Miller||Director||Sell||20,000||$49.51||$990,200.00||20,000|| |
|8/4/2016||Patrick Alias||Director||Sell||7,500||$48.47||$363,525.00||7,500|| |
|8/3/2016||Robert Willett||CEO||Sell||125,000||$47.93||$5,991,250.00||25,000|| |
|6/9/2016||Patrick Alias||Director||Sell||7,500||$44.59||$334,425.00||7,500|| |
|5/27/2016||Reuben Wasserman||Director||Sell||7,500||$43.05||$322,875.00||7,500|| |
|5/18/2016||Eugene G Banucci||Director||Buy||2,000||$38.80||$77,600.00||2,000|| |
|2/16/2016||Bruce Robinson J||Director||Buy||1,000||$34.19||$34,190.00||1,875|| |
|6/16/2015||Reuben Wasserman||Director||Sell||7,500||$49.41||$370,575.00|| |
|6/11/2015||Patrick Alias||Director||Sell||7,500||$49.51||$371,325.00|| |
|6/10/2015||Richard Morin||CFO||Sell||15,000||$50.06||$750,900.00|| |
|6/10/2015||Robert Willett||CEO||Sell||100,000||$50.04||$5,004,000.00|| |
|8/25/2014||Patrick Alias||Director||Sell||7,500||$43.20||$324,000.00|| |
|8/25/2014||Robert Willett||CEO||Sell||22,750||$43.57||$991,217.50|| |
|8/19/2014||Robert Willett||CEO||Sell||6,750||$42.94||$289,845.00|| |
|8/11/2014||Richard Morin||CFO||Sell||23,400||$43.06||$1,007,604.00|| |
|7/30/2014||Richard Morin||CFO||Sell||6,600||$43.34||$286,044.00|| |
|7/30/2014||Robert Willett||CEO||Sell||20,500||$43.05||$882,525.00|| |
|5/27/2014||Robert Willett||CEO||Sell||48,700||$36.02||$1,754,174.00|| |
|5/2/2014||Robert Willett||CEO||Sell||1,300||$35.00||$45,500.00|| |
|2/28/2014||Richard Morin||CFO||Sell||15,000||$38.06||$570,900.00||1,998|| |
|2/25/2014||Reuben Wasserman||Director||Sell||6,000||$37.44||$224,640.00|| |
|2/24/2014||Robert Willett||CEO||Sell||50,000||$37.59||$1,879,500.00|| |
|11/22/2013||Robert Willett||CEO||Sell||33,249||$32.04||$1,065,297.96|| |
|11/19/2013||Robert Willett||CEO||Sell||14,951||$31.84||$476,039.84|| |
|10/30/2013||Anthony Sun||Director||Sell||30,000||$32.82||$984,600.00|| |
|10/30/2013||Robert J Shillman||Chairman||Sell||49,000||$32.83||$1,608,670.00|| |
|9/11/2013||Robert Willett||CEO||Sell||25,000||$63.61||$1,590,250.00|| |
|9/9/2013||Richard Morin||CFO||Sell||7,500||$60.38||$452,850.00|| |
|9/3/2013||Robert Willett||CEO||Sell||25,000||$57.81||$1,445,250.00|| |
|8/29/2013||Patrick Alias||Director||Sell||10,875||$46.87||$509,711.25|| |
|8/9/2013||Patrick Alias||Director||Sell||10,875||$46.17||$502,098.75|| |
|8/1/2013||Richard Morin||CFO||Sell||7,500||$55.66||$417,450.00|| |
|7/31/2013||Robert Willett||CEO||Sell||25,000||$53.07||$1,326,750.00|| |
|5/30/2013||Robert Willett||CEO||Sell||10,400||$44.71||$464,984.00|| |
|5/29/2013||Robert Willett||CEO||Sell||14,600||$44.59||$651,014.00|| |
|5/13/2013||Richard Morin||CFO||Sell||15,000||$44.36||$665,400.00|| |
|11/14/2012||Robert J Shillman||Chairman||Sell||9,611||$35.02||$336,577.22|| |
Cognex (NASDAQ CGNX) News Headlines
Cognex (NASDAQ:CGNX) SEC Filings
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Cognex (NASDAQ:CGNX) Income Statement, Balance Sheet and Cash Flow Statement
Cognex (NASDAQ CGNX) Stock Chart for Sunday, February, 25, 2018