Equities Analysts Issue Forecasts for Cognex FY2025 Earnings

Cognex Co. (NASDAQ:CGNX) – Analysts at Cantor Fitzgerald issued their FY2025 earnings estimates for Cognex in a research note issued to investors on Tuesday, January 21st. Cantor Fitzgerald analyst T. Jensen expects that the scientific and technical instruments company will earn $0.67 per share for the year. Cantor Fitzgerald currently has a “Strong-Buy” rating on the stock. The consensus estimate for Cognex’s current full-year earnings is $0.38 per share.

A number of other equities analysts have also weighed in on CGNX. Truist Financial lifted their price objective on shares of Cognex from $42.00 to $43.00 and gave the company a “hold” rating in a research report on Thursday, January 16th. Stephens reaffirmed an “overweight” rating and issued a $55.00 target price on shares of Cognex in a report on Thursday, January 2nd. Needham & Company LLC cut their price target on shares of Cognex from $50.00 to $47.00 and set a “buy” rating for the company in a report on Friday, November 1st. Finally, Citigroup lowered their price objective on Cognex from $44.00 to $42.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $47.92.

Cognex Trading Up 3.2 %

NASDAQ:CGNX opened at $41.02 on Wednesday. Cognex has a 12-month low of $34.79 and a 12-month high of $53.13. The stock’s 50 day simple moving average is $38.15 and its 200-day simple moving average is $40.40. The firm has a market cap of $7.04 billion, a P/E ratio of 78.89 and a beta of 1.40.

Cognex Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 14th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, November 14th. This is a boost from Cognex’s previous quarterly dividend of $0.08. This represents a $0.32 annualized dividend and a yield of 0.78%. Cognex’s payout ratio is currently 61.54%.

Insiders Place Their Bets

In other Cognex news, Director Anthony Sun sold 26,000 shares of Cognex stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $40.03, for a total transaction of $1,040,780.00. Following the completion of the transaction, the director now owns 26,608 shares in the company, valued at approximately $1,065,118.24. The trade was a 49.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Joerg Kuechen sold 2,934 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $37.75, for a total transaction of $110,758.50. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Cognex

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its holdings in shares of Cognex by 5.2% in the third quarter. JPMorgan Chase & Co. now owns 1,784,239 shares of the scientific and technical instruments company’s stock worth $72,262,000 after acquiring an additional 87,790 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Cognex by 33.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,621,629 shares of the scientific and technical instruments company’s stock worth $75,828,000 after purchasing an additional 409,502 shares in the last quarter. Mackenzie Financial Corp raised its stake in Cognex by 16.3% in the 2nd quarter. Mackenzie Financial Corp now owns 1,494,312 shares of the scientific and technical instruments company’s stock valued at $69,874,000 after purchasing an additional 209,630 shares during the last quarter. Daventry Group LP lifted its holdings in Cognex by 30.1% in the 2nd quarter. Daventry Group LP now owns 487,873 shares of the scientific and technical instruments company’s stock valued at $22,813,000 after purchasing an additional 112,873 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in Cognex in the 3rd quarter valued at about $790,000. Hedge funds and other institutional investors own 88.12% of the company’s stock.

Cognex Company Profile

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.