Shares of Cognex Corporation (NASDAQ:CGNX – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the eighteen research firms that are currently covering the company, Marketbeat Ratings reports. Six 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 12-month price target among analysts that have covered the stock in the last year is $75.50.
CGNX has been the subject of several research reports. Weiss Ratings raised shares of Cognex from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. The Goldman Sachs Group reiterated a “buy” rating and set a $91.00 price objective on shares of Cognex in a research note on Friday, August 7th. Robert W. Baird cut their target price on shares of Cognex from $78.00 to $70.00 and set a “neutral” rating on the stock in a report on Wednesday, September 23rd. Needham & Company LLC restated a “buy” rating and issued a $80.00 target price on shares of Cognex in a research note on Tuesday, September 15th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $65.00 target price on shares of Cognex in a report on Wednesday, September 23rd.
Read Our Latest Report on CGNX
Cognex Price 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 the consensus estimate of $0.42 by $0.03. The firm 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 firm’s revenue for the quarter was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.25 earnings per share. Cognex has set its FY 2026 guidance at 1.640-1.680 EPS and its Q3 2026 guidance at 0.500-0.540 EPS. Equities research analysts anticipate that Cognex will post 1.68 earnings per share for the current year.
Cognex Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 20th were issued a $0.0850 dividend. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $0.34 annualized dividend and a dividend yield of 0.6%. Cognex’s dividend payout ratio (DPR) is 33.01%.
Hedge Funds Weigh In On Cognex
Several institutional investors have recently modified their holdings of the company. QRG Capital Management Inc. acquired a new position in Cognex during the 2nd quarter worth $214,000. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Cognex during the second quarter valued at $268,000. IPG Investment Advisors LLC acquired a new position in shares of Cognex during the second quarter valued at $313,000. Integrated Wealth Concepts LLC raised its stake in shares of Cognex by 53.1% during the second 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 in the last quarter. Finally, NewEdge Advisors LLC raised its stake in shares of Cognex by 6.3% during the second 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 in the last quarter. Institutional investors own 88.12% of the company’s stock.
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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