Cognex Corporation (NASDAQ:CGNX) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Cognex Corporation (NASDAQ:CGNX) have been given a consensus rating of “Moderate Buy” by the seventeen brokerages that are presently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $75.6429.

A number of analysts have recently weighed in on the company. Seaport Research Partners set a $75.00 price objective on Cognex in a research note on Tuesday, May 26th. Robert W. Baird set a $72.00 price target on shares of Cognex in a report on Friday, May 8th. DA Davidson set a $65.00 price target on shares of Cognex and gave the company a “neutral” rating in a research report on Monday, August 10th. UBS Group set a $75.00 price target on shares of Cognex in a report on Tuesday, May 26th. Finally, HSBC cut shares of Cognex from a “buy” rating to a “hold” rating and set a $65.00 price objective on the stock. in a research report on Monday, August 10th.

Institutional Investors Weigh In On Cognex

A number of large investors have recently made changes to their positions in CGNX. State of Michigan Retirement System raised its holdings in shares of Cognex by 0.5% during the first quarter. State of Michigan Retirement System now owns 39,853 shares of the scientific and technical instruments company’s stock valued at $1,952,000 after acquiring an additional 200 shares in the last quarter. Personal CFO Solutions LLC boosted its holdings in Cognex by 3.2% in the first quarter. Personal CFO Solutions LLC now owns 6,793 shares of the scientific and technical instruments company’s stock valued at $333,000 after acquiring an additional 212 shares in the last quarter. World Investment Advisors increased its position in Cognex by 3.7% during the 1st quarter. World Investment Advisors now owns 6,073 shares of the scientific and technical instruments company’s stock valued at $298,000 after purchasing an additional 214 shares during the period. Quadrant Capital Group LLC increased its position in Cognex by 1.0% during the 4th quarter. Quadrant Capital Group LLC now owns 22,907 shares of the scientific and technical instruments company’s stock valued at $824,000 after purchasing an additional 234 shares during the period. Finally, Essential Partners LLC raised its holdings in Cognex by 12.5% in the 1st quarter. Essential Partners LLC now owns 2,153 shares of the scientific and technical instruments company’s stock worth $105,000 after purchasing an additional 239 shares in the last quarter. 88.12% of the stock is currently owned by institutional investors.

Cognex Stock Up 0.8%

CGNX opened at $60.96 on Tuesday. The business’s fifty day simple moving average is $64.30 and its 200 day simple moving average is $59.69. Cognex has a 52 week low of $34.60 and a 52 week high of $72.88. The stock has a market cap of $10.25 billion, a PE ratio of 59.19 and a beta of 1.49.

Cognex (NASDAQ:CGNX) last announced 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. The company had revenue of $291.26 million during the quarter, compared to analysts’ expectations of $292.10 million. Cognex had a net margin of 16.05% and a return on equity of 13.50%. The firm’s revenue was up 16.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $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. As a group, equities analysts anticipate that Cognex will post 1.68 earnings per share for the current year.

Cognex Announces Dividend

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

About Cognex

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.