Cognex Corporation provides machine vision products that capture and analyze visual information in order to automate manufacturing and distribution tasks worldwide. Its machine vision products are used to automate the manufacturing and tracking of discrete items, including mobile phones, aspirin bottles, and automobile tires by locating, identifying, inspecting, and measuring them during the manufacturing or distribution process. The company offers VisionPro software, a suite of patented vision tools for advanced programming; QuickBuild that allows customers to build vision applications with a graphical, flowchart-based programming interface; and Cognex deep learning vision software. It also provides a range of inspection tasks, including part location, identification, measurement, assembly verification, and robotic guidance; vision sensors for vision applications, such as checking the presence and size of parts; and the In-Sight product line of vision systems and sensors. In addition, the company offers DataMan, an image-based barcode readers and barcode verifiers. It sells its products to consumer electronics, automotive, consumer products, food and beverage, pharmaceuticals, and medical devices industries, as well as through a network of distributors and integrators. Cognex Corporation was incorporated in 1981 and is headquartered in Natick, Massachusetts.
Cognex Trading Down 0.0 %
CGNX Stock opened at $47.94 on Monday. The firm has a market cap of $8.31 billion, a P/E ratio of 32.84 and a beta of 1.66. Cognex has a 12-month low of $41.69 and a 12-month high of $92.17. The stock's 50 day simple moving average is $46.04 and its 200 day simple moving average is $58.43.
Cognex (NASDAQ:CGNX - Get Rating) last issued its quarterly earnings data on Tuesday, August 2nd. The scientific and technical instruments company reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.05. Cognex had a return on equity of 19.19% and a net margin of 23.82%. During the same quarter in the prior year, the company posted $0.43 earnings per share. On average, research analysts forecast that Cognex will post 1.16 EPS for the current fiscal year.
Cognex Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 2nd. Stockholders of record on Friday, August 19th will be paid a $0.065 dividend. The ex-dividend date is Thursday, August 18th. This represents a $0.26 annualized dividend and a dividend yield of 0.54%. Cognex's payout ratio is 17.81%.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the company. Sanford C. Bernstein raised Cognex from a "market perform" rating to an "outperform" rating and set a $65.00 price target for the company in a research note on Wednesday, August 3rd. Needham & Company LLC dropped their price objective on Cognex from $80.00 to $60.00 and set a "buy" rating for the company in a research report on Monday, August 1st. Cowen lowered their price target on Cognex from $75.00 to $55.00 and set an "outperform" rating for the company in a report on Wednesday, August 3rd. Raymond James lowered their price target on Cognex from $80.00 to $75.00 and set a "strong-buy" rating for the company in a report on Wednesday, August 3rd. Finally, Stephens cut Cognex from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $80.00 to $45.00 in a report on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $59.50.
Insider Activity
In related news, Director Dianne M. Parrotte bought 3,000 shares of Cognex stock in a transaction dated Thursday, May 12th. The stock was acquired at an average cost of $46.00 per share, with a total value of $138,000.00. Following the completion of the acquisition, the director now directly owns 3,608 shares in the company, valued at approximately $165,968. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 4.10% of the company's stock.