Cognex Corporation Company Profile (NASDAQ:CGNX)

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

Cognex Corporation declared a quarterly dividend on Tuesday, August 1st. Stockholders of record on Friday, August 18th will be paid 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 0.30%. The ex-dividend date is Wednesday, August 16th. View Cognex Corporation's Dividend History.

Cognex Corporation announced that its Board of Directors has initiated a share repurchase program on Sunday, June 4th 2017, which allows the company to repurchase $100,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 1.4% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's management believes its shares are undervalued.

Cognex Corporation (NASDAQ:CGNX) announced its quarterly earnings results on Monday, July, 31st. The company reported $0.63 EPS for the quarter, beating the Thomson Reuters' 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%. Cognex Corporation's revenue was up 17.4% on a year-over-year basis. During the same period last year, the company posted $0.50 EPS. View Cognex Corporation's Earnings History.

Cognex Corporation is scheduled to release their next quarterly earnings announcement on Monday, October, 30th 2017. View Earnings Estimates for Cognex Corporation.

10 analysts have issued twelve-month price targets for Cognex Corporation's shares. Their forecasts range from $50.00 to $135.00. On average, they anticipate Cognex Corporation's share price to reach $77.71 in the next twelve months. View Analyst Ratings for Cognex Corporation.

Here are some recent quotes from research analysts about Cognex Corporation stock:

• 1. According to Zacks Investment Research, "Cognex Corp. designs, develops, manufactures, and markets machine vision systems that are used to automate a wide range of manufacturing processes where vision is required. Cognex machine vision systems consist of two primary elements: a computer, which serves as a machine vision engine, and software that processes and analyzes images. When connected to a video camera, the machine vision system captures images and extracts information, which determines appropriate action for other equipment in the manufacturing process. " (8/2/2017)
• 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)

Cognex Corporation saw a decline in short interest in the month of August. As of August 15th, there was short interest totalling 2,080,777 shares, a decline of 23.8% from the July 31st total of 2,732,335 shares. Based on an average daily volume of 1,405,094 shares, the days-to-cover ratio is currently 1.5 days. Currently, 2.5% of the company's stock are sold short.

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), Badger Meter (BMI), Chart Industries (GTLS), 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).

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

Cognex Corporation's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.96%), Vanguard Group Inc. (7.78%), Ameriprise Financial Inc. (2.71%), State Street Corp (2.51%), Neuberger Berman Group LLC (2.29%) and Harding Loevner LP (2.18%). 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.

Cognex Corporation's stock was sold by a variety of institutional investors in the last quarter, including Lord Abbett & CO. LLC, Wells Fargo & Company MN, Riverbridge Partners LLC, Dimensional Fund Advisors LP, Artisan Partners Limited Partnership, Pictet Asset Management Ltd., GW&K Investment Management LLC and Royce & Associates LP. 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.

Cognex Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Ameriprise Financial Inc., Coatue Management LLC, American Century Companies Inc., BlackRock Inc., Bank of New York Mellon Corp, Whale Rock Capital Management LLC, Vanguard Group Inc. and Schroder Investment Management Group. 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.

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.

One share of Cognex Corporation stock can currently be purchased for approximately $113.43.