Needham & Company LLC reissued their buy rating on shares of Cognex (NASDAQ:CGNX – Free Report) in a report published on Tuesday, Marketbeat Ratings reports. The firm currently has a $80.00 price target on the scientific and technical instruments company’s stock.
Several other equities analysts also recently commented on CGNX. The Goldman Sachs Group reiterated a “buy” rating and issued a $91.00 price objective on shares of Cognex in a research note on Friday, August 7th. Zacks Research raised Cognex from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 16th. JPMorgan Chase & Co. raised Cognex from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $65.00 to $75.00 in a research report on Tuesday, May 26th. Truist Financial boosted their target price on Cognex from $71.00 to $78.00 and gave the company a “hold” rating in a research note on Friday, August 7th. Finally, Weiss Ratings raised Cognex from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $75.64.
Read Our Latest Research Report on CGNX
Cognex Stock Performance
Cognex (NASDAQ:CGNX – Get Free Report) last released its earnings results on Wednesday, August 5th. The scientific and technical instruments company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.03. Cognex had a net margin of 16.05% and a return on equity of 13.50%. The firm had revenue of $291.26 million for the quarter, compared to analysts’ expectations of $292.10 million. During the same period in the previous year, the company earned $0.25 earnings per share. The company’s quarterly revenue was up 16.9% on a year-over-year basis. Cognex has set its FY 2026 guidance at 1.640-1.680 EPS and its Q3 2026 guidance at 0.500-0.540 EPS. As a group, analysts forecast that Cognex will post 1.68 EPS for the current fiscal year.
Cognex Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 20th were paid a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Thursday, August 20th. Cognex’s dividend payout ratio is presently 33.01%.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the business. IPG Investment Advisors LLC bought a new position in shares of Cognex in the second quarter worth $313,000. Integrated Wealth Concepts LLC raised its stake in shares of Cognex by 53.1% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 15,916 shares of the scientific and technical instruments company’s stock valued at $1,153,000 after purchasing an additional 5,519 shares during the period. NewEdge Advisors LLC raised its stake in shares of Cognex by 6.3% during the 2nd quarter. NewEdge Advisors LLC now owns 8,981 shares of the scientific and technical instruments company’s stock valued at $650,000 after purchasing an additional 535 shares during the period. GFG Capital LLC purchased a new stake in Cognex during the 2nd quarter worth about $201,000. Finally, IFP Advisors Inc lifted its holdings in Cognex by 21.6% during the 2nd quarter. IFP Advisors Inc now owns 956 shares of the scientific and technical instruments company’s stock worth $69,000 after purchasing an additional 170 shares in the last quarter. 88.12% of the stock is currently owned by hedge funds and other institutional investors.
About Cognex
Cognex Corporation (NASDAQ: CGNX) develops machine vision technologies that help businesses automate inspection, identification, measurement and guidance tasks. Its systems enable manufacturing and logistics operations to analyze images and make decisions about products, components and packages.
The company’s product portfolio includes industrial cameras, vision sensors, barcode readers, three-dimensional vision systems and machine vision software. Cognex also offers artificial intelligence and deep-learning tools designed to address complex inspection and classification applications, along with engineering, implementation and support services.
Founded in 1981 by Robert J.
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