Cognex Corporation (NASDAQ:CGNX – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $57.44 and traded as high as $58.35. Cognex shares last traded at $58.22, with a volume of 1,279,571 shares.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on CGNX shares. Barclays upped their target price on shares of Cognex from $80.00 to $85.00 and gave the stock an “overweight” rating in a research report on Monday, October 12th. The Goldman Sachs Group restated a “buy” rating and set a $91.00 price target on shares of Cognex in a research report on Friday, August 7th. HSBC lowered Cognex from a “buy” rating to a “hold” rating and set a $65.00 price target for the company. in a research note on Monday, August 10th. Robert W. Baird cut their price objective on Cognex from $78.00 to $70.00 and set a “neutral” rating for the company in a report on Wednesday, September 23rd. Finally, Weiss Ratings upgraded Cognex from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $75.57.
Check Out Our Latest Report on CGNX
Cognex Trading Up 0.9%
The company’s fifty day moving average is $59.98 and its 200 day moving average is $57.54. The company has a market cap of $9.92 billion, a P/E ratio of 57.25 and a beta of 1.48.
Cognex (NASDAQ:CGNX – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The scientific and technical instruments company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.03. Cognex had a net margin of 16.05% and a return on equity of 13.50%. The business had revenue of $291.26 million during the quarter, compared to the consensus estimate of $292.10 million. During the same period in the previous year, the firm posted $0.25 earnings per share. The firm’s revenue for the quarter 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. Analysts anticipate that Cognex Corporation will post 1.68 EPS for the current year.
Cognex Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th were paid a $0.0850 dividend. This represents a $0.34 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, August 20th. Cognex’s payout ratio is 33.01%.
Institutional Trading of Cognex
A number of institutional investors have recently made changes to their positions in CGNX. BlackRock Inc. bought a new stake in Cognex in the 2nd quarter worth $1,158,123,000. Jupiter Topco LLC purchased a new position in shares of Cognex in the second quarter valued at about $161,425,000. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Cognex by 0.5% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,227,288 shares of the scientific and technical instruments company’s stock valued at $135,085,000 after acquiring an additional 11,927 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Cognex by 81.0% during the first quarter. Janus Henderson Group PLC now owns 2,660,411 shares of the scientific and technical instruments company’s stock valued at $130,320,000 after acquiring an additional 1,190,434 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Cognex during the second quarter worth about $129,348,000. Hedge funds and other institutional investors own 88.12% of the company’s stock.
Cognex Company Profile
Cognex Corporation develops machine vision and industrial identification technologies that help manufacturers and businesses automate inspection, measurement, guidance, and tracking processes. Its systems use cameras, sensors, software, and artificial intelligence to analyze images and identify products, defects, components, and other objects.
The company’s product portfolio includes vision systems, industrial cameras, vision sensors, barcode readers, optical character recognition tools, three-dimensional vision systems, and machine vision software.
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