Cognex - CGNX Stock Forecast, Price & News

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cognex in the last twelve months. There are currently 4 sell ratings, 4 hold ratings, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research 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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11 Wall Street analysts have issued 1-year price targets for Cognex's stock. 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 0.5%.
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Cognex's stock was trading at $47.11 at the beginning of the year. Since then, CGNX shares have increased by 10.8% and is now trading at $52.18.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 16th 2023.
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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 results on Thursday, November, 3rd. The scientific and technical instruments company reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.06 by $0.15. The scientific and technical instruments company earned $209.62 million during the quarter, compared to analyst estimates of $197.24 million. Cognex had a net margin of 21.15% and a trailing twelve-month return on equity of 16.89%.

Cognex declared 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 0.54%. The ex-dividend date is Thursday, November 17th. This is an increase 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 0.53%. 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.

Cognex's stock 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 payable 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 updated its fourth quarter 2022 earnings guidance on Thursday, November, 10th. The company provided earnings per share (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 number of institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (1.12%), Riverbridge Partners LLC (1.05%), New York State Common Retirement Fund (0.75%), Baillie Gifford & Co. (0.61%), Stephens Investment Management Group LLC (0.53%) and Allspring Global Investments Holdings LLC (0.39%). 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 $52.18.

Cognex (NASDAQ:CGNX) has a market capitalization of $9.02 billion and generates $1.01 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.