Cognex - CGNX Stock Forecast, Price & News

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cognex in the last year. There are currently 2 sell ratings, 3 hold ratings, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CGNX shares.
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12 Wall Street research analysts have issued 1-year price objectives for Cognex's stock. Their CGNX share price forecasts range from $40.00 to $80.00. On average, they predict the company's share price to reach $55.42 in the next twelve months. This suggests a possible upside of 17.1% from the stock's current price.
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Cognex's stock was trading at $77.76 at the beginning of the year. Since then, CGNX shares have decreased by 39.1% and is now trading at $47.34.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our CGNX earnings forecast.

Cognex Co. (NASDAQ:CGNX) issued its earnings results on Tuesday, August, 2nd. The scientific and technical instruments company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.36 by $0.05. Cognex had a trailing twelve-month return on equity of 19.19% and a net margin of 23.82%. During the same quarter in the prior year, the business earned $0.43 earnings per share.

Cognex declared a quarterly dividend on Tuesday, August 2nd. Stockholders of record on Friday, August 19th will be given a dividend of $0.065 per share on Friday, September 2nd. This represents a $0.26 annualized dividend and a yield of 0.55%. The ex-dividend date is Thursday, August 18th.
Read our dividend analysis for CGNX.

Cognex (NASDAQ:CGNX) pays an annual dividend of $0.26 per share and currently has a dividend yield of 0.53%. The company has been increasing its dividend for 7 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 17.81%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CGNX will have a dividend payout ratio of 20.16% 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 before market open on Monday, December 4th 2017. The 2-1 split was announced on Monday, October 30th 2017. The newly minted 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.

Cognex updated its third quarter 2022 earnings guidance on Tuesday, August, 9th. The company provided EPS guidance of for the period. The company issued revenue guidance of $160.00 million-$180.00 million, compared to the consensus revenue estimate of $290.25 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."

Cognex's stock is owned by a number of institutional and retail investors. Top institutional shareholders include State Street Corp (3.18%), Price T Rowe Associates Inc. MD (3.14%), Lazard Asset Management LLC (2.01%), Eagle Asset Management Inc. (1.38%), William Blair Investment Management LLC (1.20%) and Principal Financial Group Inc. (1.19%). Insiders that own company stock include Anthony Sun, Carl Gerst, Dianne M Parrotte, Eugene G Banucci, Jerry A Schneider, Jerry A Schneider, Laura Ann Macdonald, Patrick Alias, Paul Todgham, Robert Willett, Sheila Marie Dipalma and Theodor Krantz.
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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.
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One share of CGNX stock can currently be purchased for approximately $47.34.

Cognex (NASDAQ:CGNX) has a market capitalization of $8.21 billion and generates $1.04 billion in revenue each year. The scientific and technical instruments company earns $279.88 million in net income (profit) each year or $1.46 on an earnings per share basis.

The company employs 2,257 workers across the globe.

Cognex was founded in 1981.

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.