Cognex (NASDAQ:CGNX – Free Report) had its price objective reduced by Robert W. Baird from $78.00 to $70.00 in a research report released on Wednesday morning, Marketbeat.com reports. They currently have a neutral rating on the scientific and technical instruments company’s stock.
Other equities research analysts also recently issued reports about the company. JPMorgan Chase & Co. upgraded Cognex from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $65.00 to $75.00 in a research report on Tuesday, May 26th. Wall Street Zen downgraded Cognex from a “buy” rating to a “hold” rating in a research note on Sunday, September 13th. Truist Financial upped their price objective on Cognex from $71.00 to $78.00 and gave the company a “hold” rating in a report on Friday, August 7th. Barclays reaffirmed an “overweight” rating and set a $80.00 target price (up from $75.00) on shares of Cognex in a report on Monday, August 10th. Finally, Cantor Fitzgerald boosted their price target on shares of Cognex from $76.00 to $84.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $75.50.
Get Our Latest Stock Report on CGNX
Cognex Stock Up 1.7%
Cognex (NASDAQ:CGNX – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The scientific and technical instruments company reported $0.45 earnings per share 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 net margin of 16.05% and a return on equity of 13.50%. The business’s revenue for the quarter was up 16.9% compared to the same quarter last year. During the same period in the prior year, the business 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 expect that Cognex will post 1.68 EPS for the current year.
Cognex Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th were given a dividend of $0.0850 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 33.01%.
Hedge Funds Weigh In On Cognex
Hedge funds have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in Cognex during the 2nd quarter worth about $1,158,123,000. Geode Capital Management LLC increased its position in shares of Cognex by 27.1% in the fourth quarter. Geode Capital Management LLC now owns 3,950,299 shares of the scientific and technical instruments company’s stock worth $142,154,000 after acquiring an additional 842,783 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Cognex by 81.0% in the first quarter. Janus Henderson Group PLC now owns 2,660,411 shares of the scientific and technical instruments company’s stock worth $130,320,000 after acquiring an additional 1,190,434 shares in the last quarter. Jupiter Topco LLC acquired a new stake in shares of Cognex during the second quarter valued at approximately $161,425,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Cognex by 115.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,033,091 shares of the scientific and technical instruments company’s stock valued at $99,601,000 after acquiring an additional 1,090,092 shares in the last quarter. 88.12% of the stock is currently owned by institutional investors and hedge funds.
Cognex Company Profile
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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