Cognex Corporation (NASDAQ:CGNX) Given Average Rating of “Moderate Buy” by Brokerages

by · The Markets Daily

Shares of Cognex Corporation (NASDAQ:CGNXGet Free Report) have been assigned an average rating of “Moderate Buy” from the seventeen analysts that are presently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $75.6429.

CGNX has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised shares of Cognex from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $65.00 to $75.00 in a research note on Tuesday, May 26th. DA Davidson set a $65.00 target price on Cognex and gave the stock a “neutral” rating in a report on Monday. Stephens boosted their target price on Cognex from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Seaport Research Partners set a $75.00 target price on Cognex in a research report on Tuesday, May 26th. Finally, Needham & Company LLC increased their price target on Cognex from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, August 7th.

Check Out Our Latest Stock Analysis on CGNX

Cognex Price Performance

Shares of CGNX stock opened at $62.90 on Friday. Cognex has a 12-month low of $34.60 and a 12-month high of $72.88. The firm has a market capitalization of $10.58 billion, a price-to-earnings ratio of 61.07 and a beta of 1.49. The business has a 50 day simple moving average of $64.94 and a 200 day simple moving average of $57.61.

Cognex (NASDAQ:CGNXGet Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The scientific and technical instruments company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.03. The company had revenue of $291.26 million during the quarter, compared to analyst estimates of $292.10 million. Cognex had a return on equity of 13.50% and a net margin of 16.05%.The firm’s quarterly revenue was up 16.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.25 EPS. Cognex has set its FY 2026 guidance at 1.640-1.680 EPS and its Q3 2026 guidance at 0.500-0.540 EPS. On average, equities analysts anticipate that Cognex will post 1.67 EPS for the current fiscal year.

Cognex Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be issued a $0.085 dividend. The ex-dividend date is Thursday, August 20th. This represents a $0.34 annualized dividend and a dividend yield of 0.5%. Cognex’s dividend payout ratio is 33.01%.

Insiders Place Their Bets

In related news, VP Darren Marc Long sold 20,252 shares of Cognex stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $66.34, for a total transaction of $1,343,517.68. Following the transaction, the vice president directly owned 3,990 shares of the company’s stock, valued at $264,696.60. The trade was a 83.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Cognex

Several hedge funds have recently made changes to their positions in CGNX. Intech Investment Management LLC boosted its holdings in Cognex by 124.5% during the fourth quarter. Intech Investment Management LLC now owns 98,451 shares of the scientific and technical instruments company’s stock valued at $3,542,000 after acquiring an additional 54,600 shares during the period. One Capital Management LLC bought a new position in shares of Cognex in the fourth quarter worth about $1,945,000. Handelsbanken Fonder AB increased its stake in shares of Cognex by 76.3% in the fourth quarter. Handelsbanken Fonder AB now owns 758,831 shares of the scientific and technical instruments company’s stock worth $27,303,000 after purchasing an additional 328,427 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of Cognex during the 4th quarter worth about $753,000. Finally, Legal & General Group Plc lifted its position in shares of Cognex by 11.1% during the 4th quarter. Legal & General Group Plc now owns 1,152,053 shares of the scientific and technical instruments company’s stock worth $41,451,000 after purchasing an additional 114,652 shares during the last quarter. Institutional investors and hedge funds own 88.12% of the company’s stock.

About Cognex

(Get Free Report)

Cognex Corporation is a leading provider of machine vision systems, software, sensors and industrial barcode readers used to automate manufacturing, logistics and distribution processes. The company designs and develops vision-based products that help manufacturers and logistics operators inspect, identify and guide parts, assemblies and packaged goods in real time. Its solutions are applied in a broad range of industries, including automotive, electronics, semiconductor, pharmaceutical, food and beverage, and general manufacturing.

The company’s product portfolio includes stand-alone vision systems, vision sensors and deep learning-based software platforms that enable automated inspection, quality control and traceability.

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