NASDAQ:CGNXCognex Stock Price, Forecast & News

Cognex's stock was trading at $39.40 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, CGNX shares have increased by 47.1% and is now trading at $57.96. View which stocks have been most impacted by Coronavirus.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cognex in the last year. There are currently 4 sell ratings, 5 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Cognex.

Cognex is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for Cognex.

Cognex Co. (NASDAQ:CGNX) issued its quarterly earnings data on Monday, April, 27th. The scientific and technical instruments company reported $0.11 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.08 by $0.03. The scientific and technical instruments company had revenue of $167.20 million for the quarter, compared to analysts' expectations of $154.89 million. Cognex had a net margin of 26.58% and a return on equity of 14.96%. The firm's revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.17 earnings per share. View Cognex's earnings history.

Cognex declared a quarterly dividend on Monday, April 27th. Shareholders of record on Friday, May 15th will be given a dividend of $0.055 per share on Friday, May 29th. This represents a $0.22 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date is Thursday, May 14th. View Cognex's dividend history.

Shares of Cognex split on the morning of 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 Cognex stock prior to the split would have 200 shares after the split.

Cognex announced that its Board of Directors has approved a stock repurchase program on Monday, October 29th 2018, which authorizes the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 2.8% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's board of directors believes its stock is undervalued.

11 equities research analysts have issued 12-month target prices for Cognex's shares. Their forecasts range from $36.00 to $60.00. On average, they expect Cognex's share price to reach $48.90 in the next twelve months. This suggests that the stock has a possible downside of 15.6%. View analysts' price targets for Cognex.

News stories about CGNX stock have trended negative recently, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Cognex earned a coverage optimism score of -2.8 on InfoTrie's scale. They also assigned news stories about the scientific and technical instruments company a news buzz of 2.0 out of 10, indicating that recent media coverage is very unlikely to have an impact on the company's share price in the near term. View the latest news aboutCognex.

Some companies that are related to Cognex include FLIR Systems (FLIR), National Instruments (NATI), Coherent (COHR), Itron (ITRI), Badger Meter (BMI), OSI Systems (OSIS), Mesa Laboratories (MLAB), FARO Technologies (FARO), MTS Systems (MTSC), Vishay Precision Group (VPG) and Daktronics (DAKT). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Cognex investors own include NVIDIA (NVDA), Alibaba Group (BABA), Arista Networks (ANET), Paypal (PYPL), Micron Technology (MU), Netflix (NFLX), Walt Disney (DIS), Advanced Micro Devices (AMD), Activision Blizzard (ATVI) and Skyworks Solutions (SWKS).

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

Cognex's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.78%), Bank of New York Mellon Corp (7.30%), Brown Capital Management LLC (5.44%), State Street Corp (3.16%), Janus Henderson Group PLC (2.98%) and Eagle Asset Management Inc. (2.15%). Company insiders that own Cognex stock include Anthony Sun, Dianne M Parrotte, Jerry A Schneider, John J Curran, Laura Ann Macdonald, Robert Willett, Sheila Marie Dipalma and Theodor Krantz. View institutional ownership trends for Cognex.

CGNX stock was sold by a variety of institutional investors in the last quarter, including Fred Alger Management LLC, Manning & Napier Group LLC, Balyasny Asset Management LLC, BlackRock Inc., Federated Hermes Inc., UBS Group AG, Morgan Stanley, and Morgan Stanley. Company insiders that have sold Cognex company stock in the last year include Dianne M Parrotte, Jerry A Schneider, Laura Ann Macdonald, Robert Willett, Sheila Marie Dipalma, and Theodor Krantz. View insider buying and selling activity for Cognex.

CGNX stock was purchased by a variety of institutional investors in the last quarter, including Sumitomo Mitsui Trust Holdings Inc., Pictet Asset Management Ltd., Fundsmith LLP, New York State Common Retirement Fund, First Trust Advisors LP, Alliancebernstein L.P., Westpac Banking Corp, and Swiss National Bank. View insider buying and selling activity for Cognex.

Shares of CGNX 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, Robinhood, Fidelity, and Charles Schwab.

One share of CGNX stock can currently be purchased for approximately $57.96.

Cognex has a market capitalization of $9.95 billion and generates $725.63 million in revenue each year. The scientific and technical instruments company earns $203.87 million in net income (profit) each year or $1.16 on an earnings per share basis. Cognex employs 2,267 workers across the globe.

The official website for Cognex is www.cognex.com.

Cognex's mailing address is ONE VISION DRIVE, NATICK MA, 01760. The scientific and technical instruments company can be reached via phone at 508-650-3000 or via email at [email protected]