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

Cognex Corporation (NASDAQ:CGNX) has received an average rating of “Moderate Buy” from the eighteen research firms that are currently covering the company, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $75.57.

A number of analysts recently issued reports on the company. Citigroup restated a “neutral” rating and issued a $74.00 price target (up from $72.00) on shares of Cognex in a research report on Friday, August 7th. Barclays increased their price target on Cognex from $80.00 to $85.00 and gave the stock an “overweight” rating in a research report on Monday, October 12th. Cantor Fitzgerald lifted their price objective on Cognex from $76.00 to $84.00 and gave the company an “overweight” rating in a report on Friday, August 7th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $91.00 price objective on shares of Cognex in a research note on Friday, August 7th. Finally, Robert W. Baird dropped their price objective on shares of Cognex from $78.00 to $70.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 23rd.

Institutional Trading of Cognex

A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in Cognex during the 2nd quarter worth about $1,158,123,000. Janus Henderson Group PLC boosted its stake in shares of Cognex by 81.0% during the 1st quarter. Janus Henderson Group PLC now owns 2,660,411 shares of the scientific and technical instruments company’s stock worth $130,320,000 after acquiring an additional 1,190,434 shares in the last quarter. Jupiter Topco LLC acquired a new stake in shares of Cognex in the second quarter valued at about $161,425,000. Arrowstreet Capital Limited Partnership increased its stake in Cognex by 115.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,033,091 shares of the scientific and technical instruments company’s stock worth $99,601,000 after buying an additional 1,090,092 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Cognex during the second quarter worth approximately $129,348,000. 88.12% of the stock is currently owned by institutional investors and hedge funds.

Cognex Stock Performance

Shares of NASDAQ CGNX opened at $55.55 on Wednesday. The company has a market cap of $9.34 billion, a P/E ratio of 53.93 and a beta of 1.48. The firm’s fifty day moving average is $60.38 and its two-hundred day moving average is $61.91. Cognex has a 52-week low of $34.60 and a 52-week high of $72.88.

Cognex (NASDAQ:CGNX) last posted its earnings results on Wednesday, August 5th. The scientific and technical instruments company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.03. Cognex had a return on equity of 13.50% and a net margin of 16.05%. The firm had revenue of $291.26 million during the quarter, compared to the consensus estimate of $292.10 million. During the same period in the prior year, the company 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. As a group, analysts forecast that Cognex will post 1.68 EPS for the current fiscal 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 paid a $0.0850 dividend. This represents a $0.34 annualized dividend and a yield of 0.6%. The ex-dividend date was Thursday, August 20th. Cognex’s dividend payout ratio (DPR) is 33.01%.

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.