Cognex Corporation (NASDAQ:CGNX) Stock Has Consensus Price Target of $75.57 According to Analysts

Shares of Cognex Corporation (NASDAQ:CGNX) have been given an average rating of “Moderate Buy” by the eighteen research firms that are currently covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $75.57.

Several brokerages recently issued reports on CGNX. Weiss Ratings upgraded shares of Cognex from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Truist Financial set a $74.00 price target on shares of Cognex and gave the stock a “hold” rating in a research note on Monday, October 5th. The Goldman Sachs Group restated a “buy” rating and issued a $91.00 price objective on shares of Cognex in a report on Friday, August 7th. Zacks Research lowered shares of Cognex from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 6th. Finally, Barclays lifted their price objective on Cognex from $80.00 to $85.00 and gave the company an “overweight” rating in a research report on Monday, October 12th.

Cognex Stock Up 1.7%

NASDAQ:CGNX opened at $55.55 on Wednesday. The stock has a market cap of $9.34 billion, a P/E ratio of 44.75 and a beta of 1.48. The firm’s fifty day simple moving average is $60.38 and its 200 day simple moving average is $61.82. Cognex has a twelve month low of $34.60 and a twelve month high of $72.88.

Cognex (NASDAQ:CGNX) last issued its quarterly earnings data on Wednesday, August 5th. The scientific and technical instruments company reported $0.45 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $292.10 million. During the same period in the previous year, the firm earned $0.25 EPS. The company’s quarterly revenue was up 16.9% compared to the same quarter last year. 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, analysts expect that Cognex will post 1.68 EPS for the current fiscal year.

Cognex Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th were given 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 is currently 33.01%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CGNX. Robinhood Asset Management LLC purchased a new position in shares of Cognex in the 2nd quarter worth about $16,461,000. Hsbc Holdings PLC boosted its stake in Cognex by 210.3% in the 4th quarter. Hsbc Holdings PLC now owns 58,932 shares of the scientific and technical instruments company’s stock worth $2,127,000 after purchasing an additional 39,937 shares in the last quarter. Granite Investment Partners LLC bought a new position in Cognex in the 1st quarter worth about $7,202,000. Bank of America Corp DE grew its position in Cognex by 51.9% during the 1st quarter. Bank of America Corp DE now owns 731,149 shares of the scientific and technical instruments company’s stock valued at $35,819,000 after purchasing an additional 249,877 shares during the last quarter. Finally, Equitable Holdings Inc. purchased a new stake in Cognex during the 2nd quarter valued at about $918,000. Hedge funds and other institutional investors own 88.12% of the company’s stock.

About Cognex

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.