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NASDAQ:CGNX

Cognex - CGNX Stock Forecast, Price & News

$48.64
+0.08 (+0.16%)
(As of 08/16/2022 05:16 PM ET)
Add
Compare
Today's Range
$48.02
$48.85
50-Day Range
$42.25
$50.98
52-Week Range
$41.69
$92.17
Volume
781,023 shs
Average Volume
1.06 million shs
Market Capitalization
$8.43 billion
P/E Ratio
33.32
Dividend Yield
0.54%
Price Target
$55.42

Cognex MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
13.9% Upside
$55.42 Price Target
Short Interest
Healthy
3.11% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.64
Upright™ Environmental Score
News Sentiment
0.48mentions of Cognex in the last 14 days
Based on 20 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
27.72%
From $1.01 to $1.29 Per Share

Overall MarketRank

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

2.81 out of 5 stars

Computer And Technology Sector

91st out of 664 stocks

Process Control Instruments Industry

2nd out of 14 stocks

CGNX stock logo

About Cognex (NASDAQ:CGNX) Stock

Cognex Corporation provides machine vision products that capture and analyze visual information in order to automate manufacturing and distribution tasks worldwide. Its machine vision products are used to automate the manufacturing and tracking of discrete items, including mobile phones, aspirin bottles, and automobile tires by locating, identifying, inspecting, and measuring them during the manufacturing or distribution process. The company offers VisionPro software, a suite of patented vision tools for advanced programming; QuickBuild that allows customers to build vision applications with a graphical, flowchart-based programming interface; and Cognex deep learning vision software. It also provides a range of inspection tasks, including part location, identification, measurement, assembly verification, and robotic guidance; vision sensors for vision applications, such as checking the presence and size of parts; and the In-Sight product line of vision systems and sensors. In addition, the company offers DataMan, an image-based barcode readers and barcode verifiers. It sells its products to consumer electronics, automotive, consumer products, food and beverage, pharmaceuticals, and medical devices industries, as well as through a network of distributors and integrators. Cognex Corporation was incorporated in 1981 and is headquartered in Natick, Massachusetts.

Cognex Stock Performance

CGNX Stock traded up $0.08 during midday trading on Tuesday, reaching $48.64. 781,023 shares of the company were exchanged, compared to its average volume of 1,056,927. Cognex has a 1-year low of $41.69 and a 1-year high of $92.17. The stock's 50-day simple moving average is $45.96 and its 200 day simple moving average is $57.71. The company has a market cap of $8.43 billion, a price-to-earnings ratio of 33.29 and a beta of 1.66.

Cognex (NASDAQ:CGNX - Get Rating) last posted its quarterly earnings data on Tuesday, August 2nd. The scientific and technical instruments company reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.05. Cognex had a net margin of 23.82% and a return on equity of 19.19%. During the same period last year, the business posted $0.43 EPS. On average, research analysts anticipate that Cognex will post 1.01 earnings per share for the current year.

Cognex Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 2nd. Stockholders of record on Friday, August 19th will be paid a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a dividend yield of 0.53%. The ex-dividend date is Thursday, August 18th. Cognex's dividend payout ratio (DPR) is presently 17.81%.

Analyst Ratings Changes

Several research firms have recently commented on CGNX. JPMorgan Chase & Co. cut shares of Cognex from a "neutral" rating to an "underweight" rating and set a $40.00 target price for the company. in a research note on Friday. Cowen decreased their target price on shares of Cognex from $75.00 to $55.00 and set an "outperform" rating for the company in a research note on Wednesday, August 3rd. Daiwa Capital Markets decreased their target price on shares of Cognex to $54.00 in a research note on Tuesday, August 9th. UBS Group decreased their target price on shares of Cognex from $80.00 to $50.00 and set a "neutral" rating for the company in a research note on Thursday, May 26th. Finally, Cowen decreased their target price on shares of Cognex from $75.00 to $55.00 and set an "outperform" rating for the company in a research note on Wednesday, August 3rd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $55.42.

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CGNX Stock News Headlines

Copper More Critical than Lithium?
Lithium may have grabbed the headlines as a key material in building electric vehicles (EVs). But so is copper. And copper's importance in the new green economy goes far beyond EVs. Copper is critical in building wind turbines and solar panels. It's key to power lines and upgrading the national grid. Analysts say we're facing a 10-million-ton shortfall if new copper mines are not found.
Copper More Critical than Lithium?
Lithium may have grabbed the headlines as a key material in building electric vehicles (EVs). But so is copper. And copper's importance in the new green economy goes far beyond EVs. Copper is critical in building wind turbines and solar panels. It's key to power lines and upgrading the national grid. Analysts say we're facing a 10-million-ton shortfall if new copper mines are not found.
Cognex (NASDAQ:CGNX) Price Target Cut to $54.00
Down 47% in a Year, Time to Buy This Growth Stock?
Cognex (NASDAQ:CGNX) PT Lowered to $45.00
Cognex (NASDAQ:CGNX) Downgraded by Stephens to "Equal Weight"
Cognex (NASDAQ:CGNX) Price Target Cut to $55.00
Cognex (NASDAQ:CGNX) Price Target Lowered to $55.00 at Cowen
Cognex Reports Second Quarter 2022 Results
Cognex Q2 Profit Down; Stock Down
See More Headlines
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CGNX Company Calendar

Ex-Dividend for 6/3 Dividend
5/19/2022
Dividend Payable
6/03/2022
Last Earnings
8/02/2022
Today
8/16/2022
Ex-Dividend for 9/2 Dividend
8/18/2022
Dividend Payable
9/02/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Process control instruments
Sub-Industry
Electronic Equipment & Instruments
Current Symbol
NASDAQ:CGNX
CUSIP
19242210
Employees
2,257
Year Founded
1981

Price Target and Rating

Average Stock Price Forecast
$55.42
High Stock Price Forecast
$80.00
Low Stock Price Forecast
$40.00
Forecasted Upside/Downside
+13.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
12 Analysts

Profitability

Net Income
$279.88 million
Pretax Margin
27.50%

Debt

Sales & Book Value

Annual Sales
$1.04 billion
Cash Flow
$1.71 per share
Book Value
$8.22 per share

Miscellaneous

Free Float
166,288,000
Market Cap
$8.43 billion
Optionable
Optionable
Beta
1.66

Social Links


Key Executives














CGNX Stock - Frequently Asked Questions

Should I buy or sell Cognex stock right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cognex in the last twelve months. 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 analysts is that investors should "buy" CGNX shares.
View CGNX analyst ratings
or view top-rated stocks.

What is Cognex's stock price forecast for 2022?

12 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 stock price to reach $55.42 in the next year. This suggests a possible upside of 14.1% from the stock's current price.
View analysts price targets for CGNX
or view top-rated stocks among Wall Street analysts.

How have CGNX shares performed in 2022?

Cognex's stock was trading at $77.76 at the beginning of the year. Since then, CGNX stock has decreased by 37.6% and is now trading at $48.56.
View the best growth stocks for 2022 here
.

When is Cognex's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our CGNX earnings forecast
.

How were Cognex's earnings last quarter?

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 last year, the firm earned $0.43 earnings per share.

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

Cognex declared a quarterly dividend on Tuesday, August 2nd. Shareholders 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 0.54%. The ex-dividend date is Thursday, August 18th.
Read our dividend analysis for CGNX
.

Is Cognex a good dividend stock?

Cognex (NASDAQ:CGNX) pays an annual dividend of $0.26 per share and currently has a dividend yield of 0.54%. 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.

When did Cognex's stock split?

Shares of Cognex split on Monday, December 4th 2017. The 2-1 split was announced on Monday, October 30th 2017. The newly minted 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.

What guidance has Cognex issued on next quarter's earnings?

Cognex issued an update on its third quarter 2022 earnings guidance on Tuesday, August, 9th. The company provided earnings per share (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.

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 variety of institutional and retail investors. Top institutional shareholders include State Street Corp (3.18%), Lazard Asset Management LLC (2.01%), Eagle Asset Management Inc. (1.38%), William Blair Investment Management LLC (1.20%), Principal Financial Group Inc. (1.19%) and Allspring Global Investments Holdings LLC (1.18%). 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.
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 $48.56.

How much money does Cognex make?

Cognex (NASDAQ:CGNX) has a market capitalization of $8.42 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.

How many employees does Cognex have?

The company employs 2,257 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
When was Cognex founded?

Cognex was founded in 1981.

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 8/16/2022 by MarketBeat.com Staff

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