Cognex (CGNX) Stock Price, News & Analysis

Company Overview

Cognex Corporation provides machine vision products that capture and analyze visual information to automate manufacturing and distribution tasks worldwide. Its machine vision products are used to automate the manufacturing and tracking of discrete items, including mobile phones, electric vehicle batteries, and e-commerce packages by locating, identifying, inspecting, and measuring them during the manufacturing or distribution process. The company offers VisionPro software, a suite of patented vision tools for advanced programming; QuickBuild that allows customers to build vision applications with a graphical, flowchart-based programming interface; and Cognex deep learning vision software. It also provides a range of inspection tasks, including part location, identification, measurement, assembly verification, and robotic guidance; vision sensors for vision applications, such as checking the presence and size of parts; and the In-Sight product line of vision systems and sensors. In addition, the company offers DataMan, an image-based barcode readers and barcode verifiers. It sells its products to automotive, logistics, consumer electronics, medical-related, semiconductor, consumer products, food and beverage, and others, as well as through a network of distributors and integrators. The company was incorporated in 1981 and is headquartered in Natick, Massachusetts.

Key Stats

• Today's Range: $39.03 to $40.20
• 50-Day Range: $38.52 to $43.05
• 52-Week Range: $34.79 to $53.13
• Volume: 774,127 shs
• Average Volume: 982,714 shs
• Market Capitalization: $6.73 billion
• P/E Ratio: 75.50
• Dividend Yield: 0.82%
• Price Target: $47.91
• Consensus Rating: Hold

Cognex Stock Analysis - MarketRank™

Cognex scored higher than 91% of companies evaluated by MarketBeat, and ranked 91st out of 654 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.2 / 5
• Analyst Rating: Hold

Consensus Rating

Cognex has received a consensus rating of Hold. The company's average rating score is 2.45, and is based on 6 buy ratings, 4 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Cognex has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 69.23%

Earnings Growth

Earnings for Cognex are expected to grow by 69.23% in the coming year, from $0.39 to $0.66 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Cognex is 75.50, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.28.

Price to Earnings Ratio vs. Sector

The P/E ratio of Cognex is 75.50, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 251.12.

Price to Book Value per Share Ratio

Cognex has a P/B Ratio of 4.49. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.97% of the float of Cognex has been sold short.

Short Interest Ratio / Days to Cover

Cognex has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Cognex has recently increased by 22.99%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Cognex has a dividend yield of 0.79%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Cognex does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Cognex is 61.54%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Cognex will have a dividend payout ratio of 48.48% next year. This indicates that Cognex will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 1.7 / 5
• Environmental Score: -2.12

Percentage of Shares Shorted

1.97% of the float of Cognex has been sold short.

Short Interest Ratio / Days to Cover

Cognex has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Cognex has recently increased by 22.99%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.3 / 5
• News Sentiment: 1.17

News Sentiment

Cognex has a news sentiment score of 1.17. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.77 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for Cognex this week, compared to 7 articles on an average week.

Search Interest

Only 5 people have searched for CGNX on MarketBeat in the last 30 days. This is a decrease of -29% compared to the previous 30 days.

MarketBeat Follows

Only 4 people have added Cognex to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Cognex insiders have sold 316.44% more of their company's stock than they have bought. Specifically, they have bought $249,923.00 in company stock and sold $1,040,780.00 in company stock.

Percentage Held by Insiders

Only 1.30% of the stock of Cognex is held by insiders.

Percentage Held by Institutions

88.12% of the stock of Cognex is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CGNX Stock Analysis - Frequently Asked Questions

How have CGNX shares performed this year?

Cognex's stock was trading at $41.74 at the beginning of 2024. Since then, CGNX stock has decreased by 5.9% and is now trading at $39.26.
View the best growth stocks for 2024 here.

How were Cognex's earnings last quarter?

Cognex Co. (NASDAQ:CGNX) released its earnings results on Wednesday, July, 31st. The scientific and technical instruments company reported $0.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.03. The company's revenue was down 1.6% compared to the same quarter last year.

When did Cognex's stock split?

Shares of Cognex split on Monday, December 4th 2017. The 2-1 split was announced on Monday, October 30th 2017. The newly created shares were distributed to shareholders after the market closes on Friday, December 1st 2017. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

Does Cognex have any subsidiaries?

Cognex subsidiaries include these companies: ViDi Systems, Webscan Inc, *CHIARO TECHNOLOGIES, Enshape, AQSENSE, AssistWare Technology, Cognex Distribution, and more.

Who are Cognex's major shareholders?

Cognex's top institutional shareholders include Impax Asset Management Group plc (3.05%), State Street Corp (3.03%), Disciplined Growth Investors Inc. MN (2.19%) and Geode Capital Management LLC (2.10%). Insiders that own company stock include Theodor Krantz, Anthony Sun, Dianne M Parrotte, Dennis Fehr, Carl Gerst and Patrick Alias.
View institutional ownership trends.

How do I buy shares of Cognex?

Shares of CGNX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Cognex own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Cognex investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), AUO (AUOTY), DiamondRock Hospitality (DRH) and The RMR Group (RMR).

Company Calendar

• Last Earnings: 7/31/2024
• Ex-Dividend for 11/29 Dividend: 11/14/2024
• Dividend Payable: 11/29/2024
• Today: 12/03/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/20/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Process control instruments
• Sub-Industry: Electronic Equipment & Instruments
• Current Symbol: NASDAQ:CGNX
• CUSIP: 19242210
• CIK: 851205
• Web: www.cognex.com
• Phone: (508) 650-3000
• Fax: 508-650-3333
• Employees: 2,992
• Year Founded: 1981

Price Target and Rating

• Average Stock Price Target: $47.91
• High Stock Price Target: $58.00
• Low Stock Price Target: $39.00
• Potential Upside/Downside: +22.0%
• Consensus Rating: Hold
• Rating Score (0-4): 2.45
• Research Coverage: 11 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.52
• Trailing P/E Ratio: 75.50
• Forward P/E Ratio: 100.67
• P/E Growth: N/A
• Net Income: $113.23 million
• Net Margins: 10.10%
• Pretax Margin: 12.48%
• Return on Equity: 5.28%
• Return on Assets: 3.96%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 3.94
• Quick Ratio: 3.03

Sales & Book Value

• Annual Sales: $837.55 million
• Price / Sales: 8.04
• Cash Flow: $0.85 per share
• Price / Cash Flow: 45.97
• Book Value: $8.74 per share
• Price / Book: 4.49

Miscellaneous

• Outstanding Shares: 171,510,000
• Free Float: 169,285,000
• Market Cap: $6.73 billion
• Optionable: Optionable
• Beta: 1.39