About Cognex Corporation (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:
- Sector: Computer and Technology
- Industry: Testing & Measuring Equipment
- Sub-Industry: Electronic Equipment & Instruments
- Symbol: NASDAQ:CGNX
- CUSIP: 19242210
- Web: www.cognex.com
- Market Cap: $10.6 billion
- Outstanding Shares: 86,572,000
- 50 Day Moving Avg: $113.75
- 200 Day Moving Avg: $97.71
- 52 Week Range: $49.68 - $122.46
Sales & Book Value:
- Trailing P/E Ratio: 55.93
- Foreward P/E Ratio: 46.56
- P/E Growth: 2.00
- Annual Revenue: $585.12 million
- Price / Sales: 18.12
- Book Value: $12.15 per share
- Price / Book: 10.08
- Annual Dividend: $0.34
- Dividend Yield: 0.3%
- EBITDA: $207.39 million
- Net Margins: 33.10%
- Return on Equity: 19.51%
- Return on Assets: 17.95%
- Current Ratio: 6.58%
- Quick Ratio: 6.17%
- Average Volume: 741,240 shs.
- Beta: 1.42
- Short Ratio: 3.6
Frequently Asked Questions for Cognex Corporation (NASDAQ:CGNX)
What is Cognex Corporation's stock symbol?
Cognex Corporation trades on the NASDAQ under the ticker symbol "CGNX."
How often does Cognex Corporation pay dividends? What is the dividend yield for Cognex Corporation?
Cognex Corporation announced a quarterly dividend on Tuesday, August 1st. Stockholders of record on Friday, August 18th will be given a dividend of $0.085 per share on Friday, September 1st. This represents a $0.34 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date is Wednesday, August 16th. View Cognex Corporation's Dividend History.
How will Cognex Corporation's stock buyback program work?
Cognex Corporation declared that its board has authorized a share repurchase program on Sunday, June 4th 2017, which authorizes the company to repurchase $100,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 1.4% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.
How were Cognex Corporation's earnings last quarter?
Cognex Corporation (NASDAQ:CGNX) announced its quarterly earnings results on Monday, July, 31st. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.08. The business had revenue of $172.90 million for the quarter, compared to analysts' expectations of $169.79 million. Cognex Corporation had a return on equity of 19.51% and a net margin of 33.10%. The company's revenue was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.50 earnings per share. View Cognex Corporation's Earnings History.
When will Cognex Corporation make its next earnings announcement?
Where is Cognex Corporation's stock going? Where will Cognex Corporation's stock price be in 2017?
10 brokerages have issued 12 month target prices for Cognex Corporation's stock. Their predictions range from $50.00 to $135.00. On average, they expect Cognex Corporation's share price to reach $77.71 in the next twelve months. View Analyst Ratings for Cognex Corporation.
What are analysts saying about Cognex Corporation stock?
Here are some recent quotes from research analysts about Cognex Corporation stock:
- 1. According to Zacks Investment Research, "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. " (10/3/2017)
- 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 Corporation's key competitors?
Some companies that are related to Cognex Corporation include Mettler-Toledo International (MTD), Keysight Technologies (KEYS), MKS Instruments (MKSI), Renishaw plc (RSW), ESCO Technologies (ESE), Chart Industries (GTLS), Badger Meter (BMI), Rudolph Technologies (RTEC), Mesa Laboratories (MLAB), Vishay Precision Group (VPG), Allied Motion Technologies (AMOT), EXFO (EXFO), Perceptron (PRCP), Wireless Telecom Group (WTT), Image Sensing Systems (ISNS), BTU International (BTUI) and Cascade Microtech (CSCD).
Who are Cognex Corporation's key executives?
Cognex Corporation's management team includes the folowing people:
- Robert J. Shillman, Executive Chairman of the Board, Chief Culture Officer
- Robert J. Willett, President, Chief Executive Officer, Director
- John J. Curran, Chief Financial Officer, Senior Vice President
- Anthony Sun, Lead Independent Director
- Patrick A. Alias, Independent Director
- Eugene Banucci, Independent Director
- Karl Theodor Krantz, Independent Director
- Jeffrey Benjamin Miller, Independent Director
Who owns Cognex Corporation stock?
Cognex Corporation's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Hermes Investment Management Ltd. (0.95%), Denali Advisors LLC (0.09%), Mutual of America Capital Management LLC (0.08%), APG Asset Management N.V. (0.06%), State Treasurer State of Michigan (0.04%) and Arcadia Investment Management Corp MI (0.02%). Company insiders that own Cognex Corporation stock include Bruce Robinson J, Eugene G Banucci, Jeffrey Benjamin Miller, Jerry A Schneider, Patrick Alias, Reuben Wasserman, Richard Morin, Robert Willett and Theodor Krantz. View Institutional Ownership Trends for Cognex Corporation.
Who sold Cognex Corporation stock? Who is selling Cognex Corporation stock?
Cognex Corporation's stock was sold by a variety of institutional investors in the last quarter, including Hermes Investment Management Ltd., Denali Advisors LLC, Arcadia Investment Management Corp MI, State Treasurer State of Michigan, Winslow Evans & Crocker Inc. and Mutual of America Capital Management LLC. Company insiders that have sold Cognex Corporation stock in the last year include Bruce Robinson J, Jeffrey Benjamin Miller, Jerry A Schneider, Patrick Alias, Richard Morin, Robert Willett and Theodor Krantz. View Insider Buying and Selling for Cognex Corporation.
Who bought Cognex Corporation stock? Who is buying Cognex Corporation stock?
Cognex Corporation's stock was bought by a variety of institutional investors in the last quarter, including APG Asset Management N.V., Oakbrook Investments LLC and LS Investment Advisors LLC. Company insiders that have bought Cognex Corporation stock in the last two years include Bruce Robinson J and Eugene G Banucci. View Insider Buying and Selling for Cognex Corporation.
How do I buy Cognex Corporation stock?
Shares of Cognex Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Cognex Corporation's stock price today?
MarketBeat Community Rating for Cognex Corporation (NASDAQ CGNX)MarketBeat's community ratings are surveys of what our community members think about Cognex Corporation 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.
One share of Cognex Corporation stock can currently be purchased for approximately $122.44.
Consensus Ratings for Cognex Corporation (NASDAQ:CGNX) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings 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). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus 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.
|Ratings Breakdown: ||5 Hold Ratings, 5 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.50)|
|Consensus Price Target: ||$77.71 (36.53% downside)|Consensus Price Target History for Cognex Corporation (NASDAQ:CGNX)
Analysts' Ratings History for Cognex Corporation (NASDAQ:CGNX)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|8/14/2017||Wolfe Research||Upgrade||Market Perform -> Outperform||Low|
|8/8/2017||Cowen and Company||Reiterated Rating||Outperform||$100.00 -> $135.00||Low|
|5/3/2017||Canaccord Genuity||Reiterated Rating||Hold||$65.00 -> $80.00||Low|
|4/3/2017||Goldman Sachs Group, Inc. (The)||Initiated Coverage||Buy -> Buy||Medium|
|3/30/2017||Summit Redstone||Reiterated Rating||Buy||Medium|
|3/21/2017||Needham & Company LLC||Reiterated Rating||Hold||High|
|1/26/2017||J P Morgan Chase & Co||Initiated Coverage||Neutral||$66.00||N/A|
|12/8/2016||Deutsche Bank AG||Initiated Coverage||Buy||$74.00||N/A|
|12/2/2016||Northcoast Research||Downgrade||Buy -> Neutral||$59.00||N/A|
|10/25/2016||Stephens||Initiated Coverage||Equal Weight||$50.00||N/A|
|6/6/2016||Sanford C. Bernstein||Initiated Coverage||Market Perform||$40.10||N/A|
|5/10/2016||FBR & Co||Reiterated Rating||Marketperform||$42.00||N/A|
|3/11/2016||Raymond James Financial, Inc.||Downgrade||Outperform -> Market Perform||N/A|
|2/11/2016||Nomura||Lower Price Target||Buy||$46.00 -> $45.00||N/A|
Earnings History for Cognex Corporation (NASDAQ:CGNX)Earnings History by Quarter for Cognex Corporation (NASDAQ CGNX)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/31/2017||Q2 2017||$0.55||$0.63||$169.79 million||$172.90 million||View||N/A|
|2/16/2017||Q416||$0.30||$0.43||$116.93 million||$129.32 million||View||N/A|
|10/31/2016||Q316||$0.48||$0.49||$50.93 million||$147.95 million||View||Listen|
|8/1/2016||Q216||$0.44||$0.50||$138.11 million||$147.27 million||View||N/A|
|5/2/2016||Q116||$0.11||$0.17||$93.06 million||$96.20 million||View||Listen|
|2/10/2016||Q415||$0.17||$0.22||$95.61 million||$97.77 million||View||Listen|
|11/2/2015||Q315||$0.22||$0.29||$107.44 million||$107.59 million||View||Listen|
|8/3/2015||Q215||$0.47||$0.49||$154.94 million||$143.80 million||View||Listen|
|5/4/2015||Q115||$0.22||$0.23||$109.50 million||$113.40 million||View||Listen|
|2/12/2015||Q414||$0.26||$0.30||$113.15 million||$117.20 million||View||Listen|
|10/27/2014||Q314||$0.56||$0.57||$168.60 million||$169.40 million||View||Listen|
|7/28/2014||Q214||$0.22||$0.29||$103.30 million||$108.80 million||View||N/A|
|4/30/2014||Q114||$0.19||$0.21||$91.15 million||$90.90 million||View||N/A|
|2/13/2014||Q413||$0.22||$0.25||$94.67 million||$95.70 million||View||Listen|
|10/28/2013||Q313||$0.26||$0.25||$90.00 million||$90.00 million||View||N/A|
|7/29/2013||Q2 2013||$0.37||$0.42||$85.30 million||$86.51 million||View||N/A|
|4/29/2013||Q1 2013||$0.36||$0.35||$79.62 million||$80.89 million||View||N/A|
|2/11/2013||Q4 2012||$0.38||$0.40||$79.61 million||$82.17 million||View||N/A|
|10/29/2012||Q312||$0.36||$0.41||$79.66 million||$80.08 million||View||N/A|
Earnings Estimates for Cognex Corporation (NASDAQ:CGNX)
2017 EPS Consensus Estimate: $2.09
2018 EPS Consensus Estimate: $2.46
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Cognex Corporation (NASDAQ:CGNX)
|Most Recent Dividend:||9/1/2017|
|Payout Ratio:||15.60% (Trailing 12 Months of Earnings) |
13.28% (Based on This Year's Estimates)
12.93% (Based on Next Year's Estimates)
Dividend History by Quarter for Cognex Corporation (NASDAQ CGNX)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Cognex Corporation (NASDAQ:CGNX)
Insider Ownership Percentage: 5.60%Insider Trades by Quarter for Cognex Corporation (NASDAQ:CGNX)
Institutional Ownership Percentage: 87.24%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|9/12/2017||Patrick Alias||Director||Sell||5,000||$111.31||$556,550.00|| |
|9/5/2017||Bruce Robinson J||Director||Sell||7,000||$106.50||$745,500.00|| |
|8/25/2017||Robert Willett||CEO||Sell||8,241||$103.09||$849,564.69|| |
|8/15/2017||Robert Willett||CEO||Sell||66,759||$104.58||$6,981,656.22|| |
|8/14/2017||Theodor Krantz||Director||Sell||9,750||$103.78||$1,011,855.00|| |
|8/8/2017||Robert Willett||CEO||Sell||25,000||$103.37||$2,584,250.00|| |
|8/3/2017||Jerry A Schneider||Director||Sell||5,000||$102.67||$513,350.00|| |
|6/6/2017||Theodor Krantz||Director||Sell||7,500||$96.09||$720,675.00|| |
|5/15/2017||Robert Willett||CEO||Sell||55,919||$91.73||$5,129,449.87|| |
|5/9/2017||Robert Willett||CEO||Sell||43,981||$89.79||$3,949,053.99|| |
|5/4/2017||Robert Willett||CEO||Sell||100||$89.64||$8,964.00|| |
|3/6/2017||Robert Willett||CEO||Sell||50,000||$80.69||$4,034,500.00|| |
|2/28/2017||Patrick Alias||Director||Sell||5,000||$77.85||$389,250.00|| |
|2/27/2017||Robert Willett||CEO||Sell||50,000||$77.75||$3,887,500.00|| |
|12/8/2016||Jeffrey Benjamin Miller||Director||Sell||7,500||$63.06||$472,950.00|| |
|12/8/2016||Richard Morin||CFO||Sell||23,000||$60.30||$1,386,900.00|| |
|12/1/2016||Richard Morin||CFO||Sell||3,000||$60.39||$181,170.00|| |
|11/25/2016||Bruce Robinson J||Director||Sell||25,750||$60.95||$1,569,462.50|| |
|11/14/2016||Robert Willett||CEO||Sell||100,000||$55.69||$5,569,000.00|| |
|11/11/2016||Richard Morin||CFO||Sell||20,000||$55.44||$1,108,800.00|| |
|11/8/2016||Patrick Alias||Director||Sell||10,000||$54.07||$540,700.00|| |
|8/26/2016||Richard Morin||CFO||Sell||14,040||$50.21||$704,948.40|| |
|8/23/2016||Richard Morin||CFO||Sell||4,260||$50.21||$213,894.60|| |
|8/19/2016||Richard Morin||CFO||Sell||1,100||$50.35||$55,385.00|| |
|8/19/2016||Theodor Krantz||Director||Sell||20,000||$50.00||$1,000,000.00|| |
|8/10/2016||Richard Morin||CFO||Sell||45,000||$49.90||$2,245,500.00|| |
|8/5/2016||Jeffrey Benjamin Miller||Director||Sell||20,000||$49.51||$990,200.00|| |
|8/4/2016||Patrick Alias||Director||Sell||7,500||$48.47||$363,525.00|| |
|8/3/2016||Robert Willett||CEO||Sell||125,000||$47.93||$5,991,250.00|| |
|6/9/2016||Patrick Alias||Director||Sell||7,500||$44.59||$334,425.00|| |
|5/27/2016||Reuben Wasserman||Director||Sell||7,500||$43.05||$322,875.00|| |
|5/18/2016||Eugene G Banucci||Director||Buy||2,000||$38.80||$77,600.00|| |
|2/16/2016||Bruce Robinson J||Director||Buy||1,000||$34.19||$34,190.00|| |
|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|| |
|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|| |
Headline Trends for Cognex Corporation (NASDAQ:CGNX)
Latest Headlines for Cognex Corporation (NASDAQ:CGNX)
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Cognex Corporation (CGNX) Chart for Monday, October, 23, 2017