Cognex - CGNX Stock Forecast, Price & News

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cognex in the last twelve months. There are currently 3 sell ratings, 6 hold ratings, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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.
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12 brokerages have issued 12-month target prices for Cognex's shares. Their CGNX share price forecasts range from $40.00 to $65.00. On average, they predict the company's share price to reach $50.00 in the next year. This suggests a possible upside of 5.5% from the stock's current price.
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Cognex's stock was trading at $47.11 at the beginning of the year. Since then, CGNX shares have increased by 0.6% and is now trading at $47.39.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our CGNX earnings forecast.

Cognex Co. (NASDAQ:CGNX) posted its quarterly earnings results on Thursday, February, 16th. The scientific and technical instruments company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.01. The scientific and technical instruments company earned $239.43 million during the quarter, compared to analyst estimates of $245.09 million. Cognex had a net margin of 21.42% and a trailing twelve-month return on equity of 16.42%. The firm's quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.30 EPS.

Cognex announced a quarterly dividend on Thursday, February 16th. Investors of record on Friday, March 3rd will be given a dividend of $0.07 per share on Friday, March 17th. This represents a $0.28 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend is Thursday, March 2nd.
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 ETF (BOTZ), Motley Fool Mid-Cap Growth ETF (TMFM), ProShares S&P Technology Dividend Aristocrats ETF (TDV), JPMorgan Climate Change Solutions ETF (TEMP), ROBO Global Robotics & Automation ETF (ROBO), ROBO Global Artificial Intelligence ETF (THNQ) and American CenturyFocused Dynamic Growth ETF (FDG).

Cognex (NASDAQ:CGNX) pays an annual dividend of $0.28 per share and currently has a dividend yield of 0.58%. 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 22.76%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CGNX will have a dividend payout ratio of 24.35% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CGNX.

Cognex shares split on Monday, December 4th 2017. The 2-1 split was announced on Monday, October 30th 2017. The newly issued 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 first quarter 2023 earnings guidance on Monday, February, 20th. 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 $238.83 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 variety of retail and institutional investors. Top institutional shareholders include Alliancebernstein L.P. (3.06%), T. Rowe Price Investment Management Inc. (2.92%), Lazard Asset Management LLC (2.83%), American Century Companies Inc. (2.20%), Geode Capital Management LLC (1.93%) and William Blair Investment Management LLC (1.32%). Insiders that own company stock include Anthony Sun, Carl Gerst, Dianne M Parrotte, Eugene G Banucci, Jerry A Schneider, 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 $47.39.

Cognex (NASDAQ:CGNX) has a market capitalization of $8.19 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 $1.23 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.