Cognex - CGNX Stock Forecast, Price & News

12 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, 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 equities research analysts have issued twelve-month target prices for Cognex's shares. Their CGNX share price forecasts range from $40.00 to $80.00. On average, they predict the company's stock price to reach $51.92 in the next twelve months. This suggests that the stock has a possible downside of 6.9%.
View analysts price targets for CGNX or view top-rated stocks among Wall Street analysts.

Cognex's stock was trading at $47.11 on January 1st, 2023. Since then, CGNX shares have increased by 18.4% and is now trading at $55.78.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 16th 2023.
View our CGNX earnings forecast.

Cognex will be holding an earnings conference call on Thursday, February 16th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 201-612-7415 with passcode "1373 4893".

Cognex Co. (NASDAQ:CGNX) released its quarterly earnings data on Thursday, November, 4th. The scientific and technical instruments company reported $0.40 EPS for the quarter, missing analysts' consensus estimates of $0.41 by $0.01. The scientific and technical instruments company earned $284.85 million during the quarter, compared to analysts' expectations of $288.32 million. Cognex had a trailing twelve-month return on equity of 16.89% and a net margin of 21.15%. The company's revenue was up 13.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.49 EPS.

Cognex announced a quarterly dividend on Thursday, November 3rd. Stockholders of record on Friday, November 18th will be paid a dividend of $0.07 per share on Friday, December 2nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend is Thursday, November 17th. This is a positive change from the stock's previous quarterly dividend of $0.07.
Read our dividend analysis for CGNX.

Cognex (NASDAQ:CGNX) pays an annual dividend of $0.28 per share and currently has a dividend yield of 0.51%. 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 23.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CGNX will have a dividend payout ratio of 24.14% 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 on the morning of 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 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 issued an update on its fourth quarter 2022 earnings guidance on Thursday, November, 10th. The company provided EPS guidance of for the period. The company issued revenue guidance of $235.00 million-$255.00 million, compared to the consensus revenue estimate of $226.23 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 investors include Sumitomo Mitsui Trust Holdings Inc. (1.12%), DekaBank Deutsche Girozentrale (1.11%), Riverbridge Partners LLC (1.05%), New York State Common Retirement Fund (0.75%), Baillie Gifford & Co. (0.61%) and Stephens Investment Management Group LLC (0.53%). Insiders that own company stock include Anthony Sun, Carl Gerst, Dianne M Parrotte, Eugene G Banucci, Jerry A Schneider, 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 $55.78.

Cognex (NASDAQ:CGNX) has a market capitalization of $9.65 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 $1.21 on an earnings per share basis.

The company employs 2,257 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.