Cognex Corporation (NASDAQ:CGNX) Receives Average Rating of “Moderate Buy” from Brokerages

Cognex Corporation (NASDAQ:CGNX) has been given an average rating of “Moderate Buy” by the seventeen ratings firms that are currently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $75.6429.

A number of equities analysts recently weighed in on the stock. Seaport Research Partners set a $75.00 price objective on shares of Cognex in a report on Tuesday, May 26th. HSBC lowered Cognex from a “buy” rating to a “hold” rating and set a $65.00 target price for the company. in a report on Monday, August 10th. JPMorgan Chase & Co. raised Cognex from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $65.00 to $75.00 in a research report on Tuesday, May 26th. Cantor Fitzgerald boosted their target price on Cognex from $76.00 to $84.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $91.00 target price on shares of Cognex in a research note on Friday, August 7th.

Cognex Trading Up 0.8%

Shares of Cognex stock opened at $60.96 on Tuesday. The firm has a market capitalization of $10.25 billion, a P/E ratio of 59.19 and a beta of 1.49. The business has a fifty day simple moving average of $64.30 and a two-hundred day simple moving average of $59.69. Cognex has a 12 month low of $34.60 and a 12 month high of $72.88.

Cognex (NASDAQ:CGNX) last announced 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 business had revenue of $291.26 million during the quarter, compared to the consensus estimate of $292.10 million. During the same quarter last year, the firm earned $0.25 earnings per share. The business’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 predict that Cognex will post 1.68 earnings per share for the current year.

Cognex Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be paid a dividend of $0.085 per share. The ex-dividend date is Thursday, August 20th. This represents a $0.34 dividend on an annualized basis and a yield of 0.6%. Cognex’s payout ratio is currently 33.01%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Cognex during the second quarter valued at approximately $26,000. Geneos Wealth Management Inc. raised its position in Cognex by 402.2% in the first quarter. Geneos Wealth Management Inc. now owns 919 shares of the scientific and technical instruments company’s stock worth $27,000 after acquiring an additional 736 shares during the period. Rakuten Securities Inc. purchased a new position in shares of Cognex during the 2nd quarter worth $32,000. Transamerica Financial Advisors LLC purchased a new position in shares of Cognex during the 2nd quarter worth $32,000. Finally, Elevation Wealth Partners LLC grew its position in shares of Cognex by 635.4% during the 2nd quarter. Elevation Wealth Partners LLC now owns 478 shares of the scientific and technical instruments company’s stock valued at $35,000 after acquiring an additional 413 shares during the period. 88.12% of the stock is owned by hedge funds and other institutional investors.

Cognex Company Profile

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.