Cognex Corporation (NASDAQ:CGNX) Stock Has Consensus Price Target of $75.50

Shares of Cognex Corporation (NASDAQ:CGNX) have been given a consensus rating of “Moderate Buy” by the eighteen ratings firms that are presently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $75.50.

A number of research firms recently commented on CGNX. Cantor Fitzgerald lifted their price target on Cognex from $76.00 to $84.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Zacks Research upgraded shares of Cognex from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 16th. The Goldman Sachs Group restated a “buy” rating and issued a $91.00 price target on shares of Cognex in a research report on Friday, August 7th. DA Davidson reissued a “neutral” rating and issued a $65.00 price objective on shares of Cognex in a research note on Wednesday, September 23rd. Finally, Robert W. Baird decreased their target price on Cognex from $78.00 to $70.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 23rd.

Hedge Funds Weigh In On Cognex

Several institutional investors and hedge funds have recently added to or reduced their stakes in CGNX. IFP Advisors Inc increased its holdings in Cognex by 21.6% in the second quarter. IFP Advisors Inc now owns 956 shares of the scientific and technical instruments company’s stock valued at $69,000 after purchasing an additional 170 shares during the period. 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 purchasing an additional 200 shares during the period. 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 worth $333,000 after acquiring an additional 212 shares in the last quarter. World Investment Advisors lifted its holdings in shares of Cognex by 3.7% in the 1st quarter. World Investment Advisors now owns 6,073 shares of the scientific and technical instruments company’s stock worth $298,000 after purchasing an additional 214 shares in the last quarter. Finally, Essential Partners LLC lifted its stake in shares of Cognex by 12.5% in the first quarter. Essential Partners LLC now owns 2,153 shares of the scientific and technical instruments company’s stock valued at $105,000 after buying an additional 239 shares in the last quarter. 88.12% of the stock is currently owned by institutional investors and hedge funds.

Cognex Price Performance

Cognex stock opened at $60.77 on Friday. The firm has a 50-day moving average of $61.98 and a 200-day moving average of $60.69. The company has a market cap of $10.22 billion, a price-to-earnings ratio of 59.00 and a beta of 1.49. Cognex has a one year low of $34.60 and a one year high of $72.88.

Cognex (NASDAQ:CGNX) 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. The firm had revenue of $291.26 million for the quarter, compared to analyst estimates of $292.10 million. Cognex had a return on equity of 13.50% and a net margin of 16.05%.The business’s quarterly revenue was up 16.9% on a year-over-year basis. During the same quarter in the previous year, the firm 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, sell-side analysts expect that Cognex will post 1.68 earnings per share for the current year.

Cognex Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th were issued 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 dividend payout ratio is presently 33.01%.

Cognex Company Profile

Cognex Corporation (NASDAQ: CGNX) develops machine vision products and technologies that help businesses automate manufacturing, logistics and other industrial processes. Its systems enable machines to inspect, identify, measure and guide products, components and materials with limited human intervention.

The company’s product portfolio includes industrial vision cameras, vision sensors, image-based barcode readers, three-dimensional vision systems and software for image processing and analysis.